Notes

Farnoush Farsiar - Why are there so few women working in finance?
Women are breaking through barriers and experiencing great successes in a variety of areas. However, the sad truth is that the majority of women are employed in finance. However, this is unlikely to change any time soon.

Deloitte Web Insights indicates that just 31 percent of workers in the financial industry will be women by 2030. This begs the question "Why there aren't more women working in finance?" There are several theories, we decided to hear the opinions from an expert. https://fuglsang-mejia.hubstack.net/farnoush-farsiar-discusses-challenges-women-entrepreneurs-face-1678738886 Farnoush Farnoush is a highly skilled finance professional , who is passionate about women's empowerment was our interviewee.

https://telegra.ph/Farnoush-Farsiar-discusses-Why-are-There-So-Few-Women-In-Finance-03-13 Are there women working in finance?

The U.S. employs 57 percent of women however just 24% of them hold financial positions. This figure is expected to grow to 28% within the next 10-20 years which is up from 24% at present.

This isn't a problem just for women. Farnoush Farsiar Farnoush Farsiar stated that diversity is a problem for economic growth. Farsiar claimed that teams that have diverse leadership styles perform better than those that have the same perspectives. It's crucial that women be represented in these areas. It's also vital for the nation.

There are a variety of reasons women are not represented in the financial industry. Farnoush Farsiar One theory suggests that the financial sector is very male-dominated, competitive and difficult for women to enter. Another theory states that careers in finance are discouraged from women by their peers or parents.

Farsiar believes that women's socialization at an early age is the heart of the problem. Women are taught to take care of their children and be responsible for their safety. "We are taught to be safe and not take chances. That's not a great way to lead to a successful career in finance."

It's not just that women are conditioned to take care of their children; they're also socialized to be pleasant to others. Farsiar says that women are taught to be polite and avoid conflicts. In finance, however it is essential to communicate your ideas. You have to be able to advocate for your ideas.

Farsiar Questions Where are the women in finance?
At the highest levels of the financial industry, women are especially underrepresented. According to a study by Pew Researchers only 10% of the positions are held by women in senior executive posts. Women are the holders of 11.5 percent of the financial company board seats.

This inequality has real-world effects on women working in finance. It is because women are more likely not to be promoted than their male counterparts and are more likely to leave the industry.

The good news is that the amount of women who hold senior positions is gradually but steadily growing. Farnoush Farsiar believes this partly due to the #womenshould campaign that has raised awareness about the lack of diversity. Farsiar says she believes that the #MeToo campaign also had a significant impact. Women are speaking out more and demanding change.

There are obstacles for women being able to enter finance
There are numerous obstacles which prevent women from pursuing careers in finance. Lack of role models for women is one of the greatest barriers to women getting into finance. Female financial professionals are usually the only ones working in their respective departments, which could lead to being isolated.

Farsiar acknowledged that it is daunting to be in a room that is only one person. "You feel you are under pressure to do your best and you must avoid making any mistakes.

Another obstacle is the traditional boys' club mentality, that persists in a lot of financial institutions. This is the belief in that men support other men and women are excluded.

Farsiar admits "There's plenty of truth in that." "I've seen it happen myself. Even if the woman is a better candidate, even if she has greater qualifications, men still encourage others.

This old boys' club mentality can also result in discrimination and sexual harassment. https://www.aiuextension.org/members/farnoush-farsiar3idddd22/activity/1087978/ Finance women are usually exposed to unwanted advances and humiliating remarks from male counterparts.

Farnoush Farsiar declares, "It's certainly a problem." "Women working in finance are typically treated as objects, and it's very hard to succeed when being treated like that."

Not to be forgotten, there is the issue of unflexible work arrangements. Women tend to be more likely to have household responsibilities, such as taking care of elderly parents or children. To be able to balance home and work life they'll require flexible work schedules.

"Finance, being a complex field, can be difficult to manage when you have other responsibilities. Women are often having to make a choice between work and family.

These obstacles make getting high-level post in the financial service sector very difficult for women. There are a variety of initiatives aiming to address this.

Farnoush Farsiar Believes the Future is bright for women in Finance
There are many positive reasons to believe in the future of women in finance. https://anotepad.com/notes/mf45jg7b A variety of initiatives are in place to boost the number of women in the financial industry and to assist them in achieving senior positions.

One example of such an initiative is the Women Entrepreneurs Finance Initiative A partnership that is formed between 14 governments as well as the World Bank Group. We-Fi finances and supports women-led businesses in the developing world.

Farsiar explained, "This initiative is great because it gives women access the resources they need in order to start and grow businesses." "It also helps build networks and networks and also make connections with other women who are successful."

The Women in Finance Charter, launched by the U.K. in 2016, is an additional initiative. The Women in Finance Charter aims to encourage the inclusion of women in financial institutions.

Farnoush Farsiar Farsiar says the Women in Finance Charter "is a great leap forward." "It is encouraging financial institutions to take action regarding gender diversity and is making a difference."

Women in Finance Charter and We-Fi help women to achieve higher-level positions. This is good news for women and the financial industry.



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