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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through more barriers and enjoying huge successes in a variety of fields. The unfortunate reality is that the proportion of women in finance remains shockingly low. It is unlikely that this trend will be changing anytime soon.

Deloitte's insight says that by 2030, only 31 percent will be female employees in the financial sector. It begs the question: why are so few women in the finance industry? There are numerous theories. But we needed to hear from an expert. Farnoush Farnoush is a fervent finance professional and advocate for women's empowerment.

How many women work in the field of finance?

In the U.S., 57% are women, but they are held in just 24% of the financial jobs. The projected growth in women's participation will be 28% over the next ten and which is up from 24% in 2021. This is still far short of the parity.

The absence of diversity isn't only a problem for women. Farnoush Farsiar is of the opinion that it's an issue that has an impact on the economy. Farsiar explained that teams with diverse leadership styles perform better than teams that share the same views. "So it's essential that women are in these roles. This is also essential for the nation."

There are many theories that provide the reason women aren't being represented in the financial industry. One theory suggests that the financial industry is too male-dominated and competitive for women to enter. Another theory suggests that females are not encouraged by their parents to pursue finance careers.

Farsiar believes that women's socialization at an early age is the cause of the problem. Farnoush Farsiar "Women are taught from a young age to be caregivers rather than risk-takers. "We are taught to play cautiously and avoid taking chances. This is not conducive for an occupation as a financial analyst.

Women are taught to care for others. Farsiar claims that women are taught to be courteous and avoid conflict. "But you must be able to advocate for your own ideas in finance. It is essential to be able support your own thoughts.

Farsiar asks Where are all the women working in finance?
The dearth of women working in finance is especially pronounced at the top of the business. According to a study by Pew Researchers only 10% are held by women in senior executive positions. A mere 11.5 percent of the board members of financial firms are headed by women.

Farnoush Farsiar This imbalance has real-world consequences for women who work in finance. Women are less likely to be employed in finance to get promoted than their male counterparts.

It's great to know that there's increasing numbers of women in high-level posts. Farnoush Farsiar believes this partly due to the #womenshould movement which raised awareness of the dearth of diversity. Farnoush Farsiar Farnoush Farsiar Farsiar says she is convinced that the #MeToo campaign also has had a significant impact. Farnoush Farsiar Women are beginning to recognize their voices heard and demanding change."

Women who pursue finance face obstacles
Many barriers prevent women being able to enter the field of finance. One of the biggest barriers is the lack of role models. This can make it hard for women working in finance to be the sole females within their departments.

Farsiar said that being the sole female in a room could be quite daunting. "You are pressured to be perfect and must not make any mistakes.

Another barrier is another one is the "old guys' club" mentality that is prevalent in many financial firms. https://twitter.com/BrexitCentral/status/1140499332128530432 It is a belief that men are better than women and men should promote one another.

"There's a lot of truth to that," Farsiar admits. "I've observed this in person. Even if the woman is a better candidate, even if she has greater qualifications, men are still able to promote others.

The old-fashioned mentality can also lead to sexual discrimination or harassment. Women who are financially successful often face demeaning comments and unwelcome advances from their male colleagues.

Farnoush Farsiar declares "It's certainly an issue." "Women working in finance are usually treated as objects and it's difficult to make it in the financial world if you're treated that way."

The last issue is the lack of flexible work arrangements. Women are more likely to have family responsibilities like caring for elderly parents and children. Flexible working arrangements are necessary for women to be able to manage work and family.

Farnoush Farsiar "Finance is a very complex field, can be difficult to handle when you have additional responsibilities. Women are often forced to make a choice between their career and family.

These barriers make achieving high-level posts in the financial services industry very difficult for females. There are many initiatives to address this issue.

Farnoush Farsiar believes the Future is bright for women in Finance.
There are numerous reasons to be hopeful about the future of women working in finance. Many initiatives have been initiated to increase the number of women employed in finance, and also to help them in reaching senior positions.

One of these initiatives, Women Entrepreneurs Finance Initiative is a joint venture of the World Bank Group with 14 governments. We-Fi provides financial assistance and financing for women-led businesses in emerging countries.

Farsiar explained, "This initiative is great because it gives women access the resources they need for starting and grow businesses." It also helps them build networks and connect with other women entrepreneurs.

The Women in Finance Charter was another initiative that the U.K. government launched in the year 2016. The Women in Finance Charter is a pledge made by financial firms to encourage gender diversity.

Farnoush Farsiar Farsiar believes that the Women in Finance Charter represents significant progress. "It will encourage financial institutions to act regarding gender diversity and is creating a positive change."

Women are more likely to get promoted and have the opportunity to be employed in high-level financial positions due to initiatives such as We-Fi. This is an excellent thing for both the women and financial sectors.



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