Notes

Farnoush Farsiar: Why are the women in finance so infrequent?
Women are increasingly breaking down walls and finding great results in various industries. The sad truth is, but women only make up a tiny percentage of financial professionals. This may not change anytime soon however.

According to Deloitte Insights, in 2030, only 31 percent of the employees of the financial sector will be women. This begs a one-of-a-kind question: Why are there so little women in the finance industry? There are a myriad of theories there, but we wanted to hear from an expert on the subject. We conducted an interview with Farnoush Farsiar an accomplished finance professional who is passionate about women empowerment.

How many women work in the field of finance?

The U.S. employs 57 percent of women, but only 24% of them hold financial positions. This figure is expected to increase to 28% over the next 10-20 years increasing from 24% currently.

This is not a problem that is only affecting women. It's also a challenge for the economy, as stated by Farnoush Farsiar. Farsiar said that teams with different styles of leadership perform better than ones with the same range of views. "So it's crucial to have females in these professions. It's also crucial for the nation as a whole.

There are many reasons women aren't present in the financial world. One theory suggests that the industry of finance is too male-dominated, competitive and challenging for women to enter. Another theory says that parents and peers don't encourage women to choose financial careers.

Farsiar believes the root of the problem is how women are socialized at a young age. Women are taught to care for their children and be responsible for their safety. "We are taught to play safe and to not take risks. This isn't a good idea for an investment career.

Women are taught not just to take care of others but also to be pleasing to people. Farsiar said that women were taught to behave politely. "But you need to be able to defend your own ideas in finance. It is important to be able to defend your personal ideas.

Farsiar - Where is all of the women in the accounting and finance fields?
https://www.businessfast.co.uk/farnoush-farsiar-explains-why-queen-elizabeth-is-an-excellent-example-of-female-leadership/ Particularly at the highest levels of finance and in the top positions of finance, the absence of women in finance ranks is alarming. A study by Pew research found that women account for only 10% in executive-level roles. They also hold only 11.5 percent of the executive positions at financial companies.

This disparity has real-world implications for women working in finance. They are more likely to be promoted than their male colleagues will be promoted and are more likely leave the industry.

The good news is that women are slowly increasing their positions in senior posts. Farnoush Farsiar believes the reason for this growth is due to the #womenshould movement that has raised awareness of the problem of diversity. Farsiar claimed that she is "convinced" that the #MeToo movement also was a major influence. Women are starting to speak up and demand change.

Women who pursue finance face obstacles
There are numerous hurdles women have to overcome in order to enter the field of finance. The absence of role models is one significant obstacle. Financial women are often the only ones working in their departments, which can lead to feeling isolated.

Farsiar acknowledged that it is daunting to be in a room with only one person. "You feel that you have to be flawless every time, and you cannot be a fool."

Another obstacle is another one is the "old boys' club" mindset that persists in many financial firms. This is the idea that men are the ones who encourage men and women are excluded.

"There's plenty of truth to that," Farsiar admits. Farnoush Farsiar "I've witnessed this happen in person. Even if the woman is a better candidate, even if she has more qualifications, men will still encourage others.

This old boys' club mentality can lead to sexual harassment and discrimination. Finance women are often exposed to unwanted advances and demeaning remarks from male counterparts.

Farnoush Farsiar exclaims that "it's certain that there is a issue." "Women who work in finance are typically treated as commodities, which makes it very difficult for them to succeed."

The last obstacle is the inability to make flexible working hours. Women tend to be more likely to have family responsibilities like caring for elderly parents and children. This means that they require flexible work schedules to manage their home and work lives.

"Finance is a complicated business, is difficult to manage when you have many other obligations. Women frequently have to pick between their careers or family, as well as their careers.

These barriers make it extremely difficult for women working in the financial sector to attain the top post. There are however some initiatives that can help make a difference.

Farnoush Farsiar believes that the future is bright for women working in finance.
There's every reason to be optimistic about the future of women working in finance. Farnoush Farsiar There have been numerous initiatives launched to boost the number of women and get to the top of the financial industry.

One such initiative is the Women Entrepreneurs Finance Initiative (WeFi) It is a partnership of the World Bank Group & 14 governments. We-Fi provides financial assistance and financing for women-led businesses in developing countries.

"This is a fantastic initiative because it gives women access to the tools they need to establish and grow their business," Farsiar said. "It also helps women build networks and connect with other women who have succeeded."

A different initiative is the Women in Finance Charter, that the U.K. government launched in the year 2016. Farnoush Farsiar The Women in Finance Charter is a pledge made by financial companies to promote gender diversity.

Farsiar believes the Women in Finance Charter represents an important step in the right direction. https://m.vingle.net/posts/5062528 It encourages financial institutions as well as other companies to tackle gender diversity.

With initiatives like We-Fi and the Women in Finance Charter, more women get to enter and reach senior positions. This is good news for both women as well as the financial sector.



Here's my website: https://techplanet.today/post/farnoush-farsiar-why-are-so-few-women-in-finance-2