Notes

Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking down walls and becoming powerful leaders in various sectors. It is a sad fact, but women are a minority of finance professionals. However, this is unlikely to change anytime soon.

Deloitte's insight says that by 2030, only 31 percent of employees will be female financial industry employees. The question is: why are so few women working in financial services? There are a myriad of theories on the internet, but we wanted to hear from an expert on the subject. https://poigrala.ru/user/Farnoush.Farsiar5cbbbb22/ Farnoush Farnoush, a highly skilled finance professional , who is passionate about women's empowerment was our interviewee.

How Many Women are there in Finance?

In the U.S., women make up 57 percent of the workforce however, they are able to have only 24 percent of financial jobs. The projected increase in women's participation will be 28 percent over the next 10 years which is up from 24% for 2021. This is still much less than the parity.

Diversity is not just an issue that affects women. Farnoush Farsiar claims it's also a threat to the economy. Farsiar stated that leadership teams with diverse perspectives have more impact than teams with fewer viewpoints. "So it's not only crucial for women to be represented in these professions and it's equally important for the nation overall."

There are a myriad of theories as to the reasons why women in the finance sector aren't as well represented. One theory is that the financial industry is highly male-dominated and competitive, making it difficult for women to enter. Another theory is that women aren't advised to pursue careers in finance either by their parents or their peers.

Farnoush Farsiar Farsiar believes that the root problem is in the manner in which women are socialized at a young age. "Women are taught from a young age that they need to be risk-takers, not caregivers. "We're taught not to make risky decisions but to be safe. That's not a great way to lead to a career in finance."

It's not just about being taught to care for the children. Women are also taught to be kind to people. Farnoush Farsiar "Women are taught to be polite and minimize conflicts," Farsiar adds. But in finance, you must be able speak for yourself. You should be able and willing to advocate for yourself.

Farsiar - Where is all of the women working in accounting and finance?
The dearth of women working in finance is particularly apparent at the top of the field. According to a 2016-17 study by Pew. In addition, they only hold 11.5% of executive positions at financial companies.

This imbalance has real-world impacts on women who work in finance. Women are less likely to be promoted than their male colleagues are promoted, and they are also more likely to leave the field.

Good news is that women are steadily but surely rising in senior positions. Farnoush Farsiar believes it is due in part to the #womenshould Campaignthat has created a greater awareness of the issue of lack of diversity. Farsiar affirms that she believes that the #MeToo campaign also had a significant impact. Women are speaking out more and calling for change.

Obstacles for women pursuing finance
A number of obstacles prevent women from taking up finance careers. One of the biggest issues is the lack of role models. Finance professionals are typically the only female within their field and this can make them feel isolated.

Farsiar acknowledged that it's daunting to be in a room with just one woman. "You feel as if you're being expected to be perfect all of the time, and you're not allowed to commit any errors."

Another obstacle is the traditional men's club mentality, that is still prevalent in many financial firms. It is a belief that men are better than women and men should promote each other.

Farsiar admits "there's a lot more real," he says. "I have seen it in person. Farnoush Farsiar https://500px.com/p/morenojnpschmidt Even if the woman has more qualifications, men will still encourage other people.

This"old boys' club" mentality can lead to the harassment of women and discrimination. Female finance professionals are frequently targeted for ostracizing remarks or unwanted advances from male colleagues.

Farnoush Farsiar declares "It's certainly an issue." "Women in finance are often considered objects and it's very difficult to make it in the financial world when you're being treated like that."

The other issue is the inability to find flexible work schedules. It is commonplace for women to be able to handle the responsibilities of a family, such as taking care of parents who are elderly or children. They require flexible work schedules to manage their home and work schedules.

"Finance is a highly-risky industry. It can be difficult to balance your work and family obligations when you're also working in the finance industry. Women are often forced to make a choice between their careers or family, as well as their careers.

These barriers make it very difficult for women to get into the finance industry and attain senior positions. There are numerous initiatives to combat this problem.

Farnoush Farsiar is optimistic about the future of women working in finance.
There are numerous reasons to be hopeful about the future of women working in finance. A variety of initiatives are working to increase the proportion of women working in the financial industry and to help them reach senior positions.

Women Entrepreneurs Finance Initiative(We-Fi) is one of these initiatives. It's a partnership between World Bank Group and 14 countries. We-Fi assists women-led businesses in emerging nations by offering funding and assistance.

Farsiar declared that this is a wonderful initiative, as it gives women the tools they need to develop and create their own businesses. "It will also assist in building networks, and make connections with other women who are successful."

A different initiative is the Women in Finance Charter. The U.K. government launched it in the year 2016. The Women in Finance Charter represents a commitment made by financial institutions to support gender diversity.

Farsiar believes the Women in Finance Charter "is an incredible leap in the right direction." It encourages financial firms and other organizations to address gender diversity.

Initiatives such as We-Fi as well as initiatives like the Women in Finance Charter make it easier for women to get into leadership roles. This is great news for women and the financial industry.



Read More: http://dentex-tulun.ru/user/Farnoush.Farsiar7bbbbb22/