Notes

Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking down walls and becoming great leaders in various industries. The sad reality is that only a tiny percent of women work in finance. Farnoush Farsiar It's not likely to change, unfortunately.

Deloitte's insights shows that just 31 percent of financial professionals will be women in 2030. This raises the issue of why there aren't more women working in the field of finance. There are a myriad of theories there however we wanted to learn from an expert on the matter. Farnoush Farnoush is a fervent finance professional and advocate for women's empowerment.

Are there any women in finance?

The U.S. employs 57 percent women however just 24% hold jobs in the financial sector. It is predicted that the number will grow to 28% over the next 10 years, compared to 24% in 2021. But it still falls way short of parity.

Diversity isn't only an issue that affects women. Farnoush Farsiar believes it's also a threat to the economy. Farnoush Farsiar Farsiar explained that teams with different leadership styles are more successful than ones with the same range of views. "So it's not just crucial for women to be involved in these fields but also for the country in general."

There are a myriad of theories as to why women in the finance sector are underrepresented. The most popular hypothesis is that the financial industry is too masculine and competitive to permit women to make it into. Another theory states that financial careers are discouraged from women by their peers or their parents.

Farsiar believes that the socialization of women at an early age is at the root of the problem. "Women are taught from an early age to be caretakers, not risk-takers. "We are taught to not take risks, but to be cautious. This isn't a good way to go to a successful career in finance."

Farnoush Farsiar It's not only that women are conditioned to be caregivers They're also taught to be pleasant to others. Farsiar says that women are taught to be polite, reduce conflicts and keep their differences under control. However, in the field of finance it is essential to communicate your ideas. You must be able and willing to stand up for yourself.

http://74novosti.ru/user/Farnoush.Farsiar2faacc33/ Farsiar: Where are all the Finance Women?
Women are underrepresented in finance at the top levels. According to a 2016-17 study conducted by Pew. Women have 11.5% of financial firm board seats.

This disparity has real-world implications for women working in finance. This means that women are more likely than males to be promoted and more likely to quit the finance sector.

It is good to know that women are steadily but surely rising in senior roles. Farnoush Farsiar believes it is because of the #womenshould Campaignthat has created a greater awareness of the the lack of diversity. Farsiar stated she was "convinced" that the #MeToo Movement had an enormous impact. Women are speaking out more and insisting on changes.

Financial barriers that prevent women from pursuing careers in finance
There are many obstacles that prevent women from entering the financial world. The absence of role models is a significant obstacle. It can be lonely for women in finance to be the only woman in their field.

"It can be really intimidating to be the only female in the room" Farsiar said. "You think you need to be perfect every time and you can't make mistakes."

Another barrier is the "old guys"club" mentality in many finance businesses. This refers to the notion that men favor women over other men while women are not.

Farsiar admits that "there's a lot more truth to that," he says. "I have seen it in person. Men will be arousing to other men, even when women are more qualified.

This"old boys' club" mentality can also result in discrimination and harassment of women. Women in finance are often targeted for sexist comments and unwelcome advances by their male colleagues.

Farnoush Farsiar declares "It's certainly an issue." "Women working in finance are often treated like commodities, which makes it very difficult for them to succeed."

Then, there is the issue of unflexible work arrangement. Women are more likely to have family responsibilities like taking care of elderly parents or children. Flexible working arrangements are necessary to ensure that they can keep a balance between work and family.

"Finance is a high-risk business. It can be difficult to balance your work and family obligations while working in finance. Women frequently have to pick between their work as well as their family.

These obstacles make getting high-level posts in the financial services industry very difficult for females. There are however many initiatives being implemented to overcome this.

Farnoush Farsiar is optimistic about the future of women in finance.
There's every reason to believe in the future of women in finance. A variety of initiatives are in place to boost the proportion of women working in the finance sector and assist them in achieving senior positions.

One of these initiatives is Women Entrepreneurs Finance Initiative (WeFi) It is a collaboration between the World Bank Group & 14 governments. We-Fi provides financing and support for women-owned businesses in the developing world.

Farsiar said, "This program is a great one because it gives women access to resources and opportunities to begin and expand their companies." "It will also assist women in building networks and network 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 encourages gender diversity.

Farnoush Farsiar Farsiar hails "The Women in Finance Charter as a significant step in the right direction." "It encourages financial institutions to work on gender diversification, and it is making a difference."

With initiatives like We-Fi and the Women in Finance Charter, women are more likely to join and reach senior positions. This is good news for both the financial and women sectors.



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