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Farnoush Farsiar on Why are So Few Women in Finance?
Women are breaking through more barriers and enjoying huge accomplishments in many fields. The sad reality is that just a small percentage of women work in finance. It's likely that this trend won't change anytime soon.

According to Deloitte Insights, in 2030 the number of the employees of the financial sector will be women. This raises the question "Why there aren't more women working in finance?" There are many theories. We wanted to know more from an experienced expert. Farnoush Farnoush was interviewed by us. http://glk-egoza.ru/user/Farnoush-Farsiar2fffbb11/ She is a highly experienced finance professional who is passionate for women empowerment.

Are there women in finance?

In the U.S., 57 percent are female, yet they are held in only 24% of financial posts. It is expected that this figure will increase to 28% over the next 10 years, compared to 24 percent in 2021. But it still falls far short of parity.

It's not an issue just for women. It's also a problem in the business world, said Farnoush Farsiar. Farsiar claimed that leadership teams that have diverse viewpoints perform better than those without. "So it's not just important for women to be included in these positions; it's also critical for the nation in general."

There are many reasons women are not included in the financial sector. The most popular theory is that the financial sector is dominated by men and competitive for women to enter. Another theory is that women aren't encouraged by their parents to pursue finance careers.

Farsiar believes the root of the problem is how women are socialized at an early age. "Women are taught from a young age that they must be risk-takers, not caregivers. "We're taught to not make risks, but rather to play it safe. This isn't conducive to being a successful career financially.

It's not just the fact that women are socialized to take care of their children; they're also socialized to be people-pleasers. Farsiar said women were taught to be polite. "But in the field of finance, you have to be able be a voice for your own ideas. You need to be able advocate for your own ideas.

Farsiar questions where are the females working in finance?
Particularly at the highest levels of finance, the lack of women in finance ranks is alarming. Farnoush Farsiar Farnoush Farsiar According to a study conducted in 2016-17 by Pew. Only 11.5 percent of the board members at financial companies are held by women.

This could have real-world consequences for women working in finance. It is because women are more likely not to get promoted than male counterparts and are also more likely to quit the field.

The positive side is that the number of women who hold senior positions is gradually but steadily growing. https://crackserialsoftware.net/user/Farnoush.Farsiar1jaaaa22/ Farnoush Farsiar believes part of this rise in women's senior roles is due to the #womenshould campaign which raised awareness of the issue of diversity. Farsiar affirms that she believes that the #MeToo movement has had a similar impact. Women are beginning to assert their rights and demand changes.

The obstacles women face when trying to get into the world of finance
There are many obstacles that hinder women from taking up finance careers. The absence of role models is one significant obstacle. Women in finance are often the only woman within their field, which can be isolating.

Farsiar admitted that it's a bit scary to be the sole woman present in the room. "It is like you are expected to be flawless every time, and you should not commit any mistakes."

Another obstacle is the traditional boys' club mentality which still exists in many financial firms. It is a belief that men are superior to women and men should promote each other.

Farsiar admits "there is plenty of truth in that." "I've observed it myself. Men will promote other men regardless of whether women are more skilled."

The old-fashioned mentality can result in sexual discrimination or harassment. https://www.blackhatrussia.com/user/Farnoush-Farsiar1addcc22/ Finance professionals are frequently subjected to demeaning comments and unwelcome advances from male colleagues.

"It's definitely an issue," Farnoush Farsiar exclaims. "Women who work in finance are typically treated like commodities, making it very difficult for them to succeed."

Then, there is the issue of unflexible work arrangement. Farnoush Farsiar Family responsibilities are more common among women than for males. Flexible work schedules are essential to ensure that they can manage work and family.

"Finance has a high-stakes business. It is difficult to balance your work and family obligations while working in the finance industry. Women are often forced to choose between their career or their family.

These obstacles make it difficult for women to enter the financial sector and hold the top positions. There are several initiatives that aim to change this.

Farnoush Farsiar believes the Future is Bright For Women in Finance.
Farnoush Farsiar There are many reasons to be optimistic about the future of women in finance. Farnoush Farsiar Many initiatives are in place to boost the proportion of women working in the finance industry and help them reach senior positions.

One such initiative is Women Entrepreneurs Finance Initiative (We-Fi), a partnership with the World Bank Group and 14 governments. We-Fi helps women-owned businesses in developing nations by providing financing and support.

Farsiar stated, "This program is a great one because it gives women access and the resources to establish and grow their companies." It also allows them to create networks and connect with other successful women.

The Women in Finance Charter was another initiative that the U.K. government launched in 2016. The Women in Finance Charter is a commitment of financial institutions to encourage gender diversity.

Farsiar lauds "The Women in Finance Charter as a great step forward." Financial companies are being encouraged to take action on gender diversity and it's making an impact.

Initiatives such as We-Fi as well as initiatives like the Women in Finance Charter make it easier for women to climb into leadership positions. This is good news for women and for the financial sector.



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