Notes

Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking through walls and finding great results in various industries. However, the sad reality is yet, women are a minority of financial professionals. This is a sad fact that won't be changing anytime soon.

Deloitte insights states that by 2030 only 31 percent of employees will be female financial sector employees. This raises the question as to why there aren't more women employed in the field of finance. There are many theories. Farnoush Farsiar However, we wanted to hear from an expert. Farnoush Farnoush a highly successful financial professional who is passionately committed to women's empowerment was the reason we interviewed her.

How many women work in finance?

The U.S. employs 57 percent women However, just 24% have jobs in the financial sector. That's is projected to expand to 28% in the next 10 years and up from 24% in 2021--still much less than parity..

Farnoush Farsiar It's not just a problem facing women. Farnoush Farsiar says it is an issue for the economy. Farsiar claimed that leadership teams that have differing perspectives are more effective than those without. "So it's critical to have females in these professions. It's also crucial to the country in general.

There are a myriad of theories on why women are underrepresented in the finance industry. Farnoush Farsiar One hypothesis is that the industry is simply too male-dominated and competitive for women to make it into. Another theory states that careers in finance are discouraged from women by their peers or their parents.

Farsiar believes the root of the issue lies in the way women are socialized from an early age. https://store.nwbbc.com/activity/p/23318/ "Women are taught from an early age to be caretakers rather than risk-takers. "We are taught to not make a risk, but rather to be safe. This doesn't help being a successful career financially.

It's much more than being taught how to take care of the children. Women are also taught to cherish people. Farsiar claims that women are taught to be courteous and avoid conflicts. "But in the field of finance it is essential to be in a position to defend yourself. You must be able to advocates for your own ideas.

Farsiar asks Where are all the women who work in finance?
It's especially evident at the highest levels of finance that there are not enough females. According to a study conducted between 2016 and 2017 by Pew Women hold only 10% of the executive-level post. Only 11.5% of boards at financial companies are held by women.

This disparity has real-world implications for women who work in finance. They are more likely not to get promoted than male counterparts, and are as well more likely to quit the profession completely.

The good news is that women are slowly however, steadily, advancing in higher positions. https://www.thegazette.co.uk/company/10947406 Farnoush Farsiar believes the reason for this growth is due to the #womenshould campaign that has raised awareness of the problem of diversity. Farsiar says she's "convinced that the #MeToo campaign has also had an impact. Women are speaking up to call for change.

There are hurdles for women being able to enter finance
A number of obstacles prevent women from pursuing finance careers. The lack of role models is among of the biggest obstacles to women entering finance. Women in finance are often the only women within their field and this can make them feel isolated.

Farsiar admitted that it's a bit nerve-wracking to be the only woman in the room. "You feel pressured to be perfect and must not make any mistakes.

Another issue is the boys' club mentality which still exists in a lot of financial institutions. This is a reference to the notion that men are the ones who promote men while women are not promoted.

Farsiar admits "there is a lot of truth in this." "I have seen it happen in person. Men will promote men even if they are more qualified.

Farnoush Farsiar This"old-boys' club" mentality can also result in discrimination and harassment of women. Women who are financially successful often face demeaning remarks and unwelcome advances made by their male colleagues.

"It's definitely an issue," Farnoush Farsiar exclaims. "Women in the field of finance are frequently treated as objects, and it's very difficult to succeed when being treated that way."

The last obstacle is the inability to make flexible working hours. Women are more likely to have household responsibilities, such as caring for elderly parents and children. They require flexible working arrangements to be able to balance their home and work lives.

"Finance is a very complex business, is difficult to manage when you have other responsibilities. Women are often forced to make a choice between their careers and family."

These barriers make it extremely difficult for women working in the finance industry to achieve high-ranking positions. https://priceofbusiness.com/queen-inspires-women-in-uk-business-as-per-farnoush-farsiar/ But, there are several initiatives that are working to improve this.

Farnoush Farsiar believes the Future is Bright For Women in Finance
There are many reasons to be optimistic regarding the future of the financial sector. Many initiatives have been initiated to increase the numbers of women who work in finance, and also to help women in achieving senior positions.

One example of such an initiative is Women Entrepreneurs Finance Initiative which is a partnership of 14 governments as well as the World Bank Group. We-Fi helps finance and support women-led businesses in the developing world.

Farsiar said, "This is an excellent initiative because it allows women access to the resources they need to assist them in starting and expanding their businesses." "It also helps them build networks and network with other successful women."

Another initiative is the Women in Finance Charter. The U.K. government launched it in the year 2016. Farnoush Farsiar Financial companies have pledged to gender diversity through the Women in Finance Charter.

Farsiar says the Women in Finance Charter "is an amazing leap ahead." "It's encouraging financial companies to be proactive about gender diversity, and it's making a difference."

Women are now able to take on the top positions in organizations such as We-Fi as well as Women in Finance Charter. This is a good thing for women and the financial sector.



Here's my website: https://www.thegazette.co.uk/company/10947406