Notes

Farnoush Farsiar: Why are so few women in finance?
Women are increasingly breaking down barriers and are finding success in different sectors. However, there are still a few women working in finance. It is likely that this trend won't be changing anytime soon.

Deloitte insights estimates that 31% of financial industry employees will be female by 2030. It begs the question what is the reason there aren't more women in finance? While there are many theories as to the reasons for this but we wanted to hear from someone who has been in the field for some time. Farnoush Farnoush is a committed financial professional who is a champion for women's empowerment.

What is the percentage of women employed in finance?

The U.S. employs 57 percent of women, but only 24% hold financial jobs. This number is predicted to rise to 28% within the next 10-20 years which is up from the current 24.

It's not only a problem faced by women. Farnoush Farsiar said that it's also a major issue in the world of business. Farnoush Farsiar Farnoush Farsiar "Diverse leadership teams perform better than teams that do not have as broad a range of viewpoints," Farsiar said. "So it is not only important to have women represented in these fields however, it is essential for the nation as a whole."

There are many theories about the reasons why women in the finance industry are underrepresented. One theory is that the financial sector is highly male-dominated and competitive, making it challenging for women to enter. Another theory suggests that financial careers are viewed as a deterrent for women by peers or parents.

Farsiar believes the root of the problem is how women are socialized from the age of a child. Women are taught to take care of their children and take responsibility for their security. "We are taught to be cautiously and avoid taking risks. This doesn't make sense for the job of an analyst in finance.

It's not only that women are conditioned to take care of their children and caregivers; they're also taught to be nice to people. Farsiar says that women are indoctrinated as courteous and are taught to reduce conflicts. "But in the world of finance, you need to be capable of standing up for yourself. You must be able to and willing to stand up for yourself.

Farsiar: Where are all the finance women?
Women are underrepresented in finance at the top levels. Women make up just 10% of executive-level positions according to a research study by Pew Research. There are only 11.5 percent of women sit on the top financial company boards.

This is a real-world issue for women who work in finance. This imbalance means that women are more likely than men to be promoted and more likely to leave the finance industry.

The good news is the increase in women holding senior positions is slow but steady. Farnoush Farsiar believes that this is partly due to the #womenshould campaign which has brought about a greater awareness of the absence of diversity. Farsiar states that she is certain that the #MeToo campaign also produced a profound impact. Women are beginning to recognize their voice and demand change."

Women who pursue finance face obstacles
There are many obstacles that prevent women from entering the financial world. Lack of role models for women is one of the greatest barriers to women getting into finance. Women in finance are typically the only ones in their department, which can cause feeling isolated.

Farsiar admitted that it can be intimidating to be the only female present in the room. "You are conditioned to be perfect all of the time, and that you shouldn't be able to make a mistake."

Another barrier is the old boys' club mentality that is still prevalent in the majority of financial companies. This is a belief system in which men encourage other men and women are excluded.

Farsiar admits "There's lots of truth to that." "I've witnessed this happen personally. Men will encourage their male counterparts, even when they are better equipped.

This old boys club mentality can result in sexual harassment or discrimination. Finance women are usually subject to unwelcome advances and demeaning remarks from their male counterparts.

Farnoush Farsiar declares "It's certainly an issue." "Women in finance are typically considered objects, and it can be very difficult to make it in the financial world when you're treated this way."

The inability to work flexible schedules is another obstacle. Women are more likely than men to be entrusted with families responsibilities, for example, caring for children or elderly parents. They require flexible working arrangements to balance their personal and professional lives.

"Finance is a highly-risky business. It is difficult to balance your work and family obligations when you're also working in finance. https://www.businesstelegraph.co.uk/farnoush-farsiar-central-bank-digital-currency/ Women often are having to make a choice between family and work.

These obstacles make it extremely difficult for women working in the financial industry to reach high-ranking positions. There are however a few initiatives that can help make a difference.

Farnoush Farsiar Farnoush Farsiar Thinks There's a Bright Future for Women in Finance
There are numerous reasons to be hopeful about the future of women working in finance. A number of initiatives are taking place to boost women's participation in the financial market and to support women in their quest for high-level roles.

Women Entrepreneurs Finance Initiative(We-Fi) is one such initiative. It's a collaboration between World Bank Group and 14 countries. We-Fi is an investment and support program for women-led businesses in developing economies.

Farsiar stated, "This is an excellent initiative because it allows women access to resources that will aid them in starting and growing their business." It also allows them to create networks and connect with other women who are successful.

The Women in Finance Charter was another initiative that the U.K. government launched in the year 2016. Financial firms have committed to gender diversity by signing the Women in Finance Charter.

Farsiar says the Women in Finance Charter "is an incredible leap forward." "It will encourage financial institutions to work in the direction of gender diversity, and it is making a difference."

https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Women in Finance Charter and We-Fi have helped women to achieve higher-level positions. This is a great thing for women and the financial industry.



Homepage: https://www.europeanbusinessreview.com/farnoush-farsiar-the-impact-of-the-metaverse-on-finance/