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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through more barriers and enjoying huge success in various areas. However, the sad fact is that the percentage of women employed in finance is still shockingly low. This isn't likely to improve, which is unfortunate.

According to Deloitte Insights In 2030, only 31 percent of financial sector employees will be women. http://nitka.by/user/Farnoush.Farsiar1dddcc33/ This raises the obvious question: why are there so few women in finance. There are many theories, we wanted get the opinion of an expert. Farnoush Farnoush has been interviewed by us. She is a seasoned finance professional who has a passion about women's empowerment.

Are there women in finance?

The U.S. has 57 percent females in the workforce but just 24% jobs in the financial sector. The expected increase in female participation is 28% over the next ten which is rising from 24% by 2021. It's still much less than the parity.

Diversity isn't just an issue that affects women. It's also a problem in the business world, said Farnoush Farsiar. Farsiar said that teams with diverse leadership styles perform better than ones with the same range of perspectives. It's important for women to be included in these fields. However, it's also essential for the country.

There are a myriad of theories as to why women in the financial industry aren't represented. The most popular theory is that finance is too male-dominated and highly competitive for females to get into. Another theory is that women aren't encouraged by their parents to pursue finance careers.

Farsiar believes socialization of women from an early age is at the root of the problem. "Women at a young stage are taught that they should be risk takers, but caregivers. "We are taught not to make a risk, but rather to be safe. That's not a great way to lead to a successful career in finance."

It's not only that women are socialized to be caretakers; they're also socialized to be nice to people. Farsiar affirms that women are taught to be polite, reduce conflicts, and keep their differences under control. "But in the world of finance it is essential to be prepared and willing to speak up for yourself. You have to be able advocates for your own ideas.

Farsiar asks where are all the women employed in finance?
Particularly at the top of the financial industry and in the top positions of finance, the absence of women in the finance industry is alarming. According to a study conducted between 2016 and 2017 by Pew Women hold only 10% of the executive-level post. Women also hold only 11.5% of the board seats in financial firms.

This inequality has real-world effects on women who work in finance. Women are less likely in finance to be promoted than male counterparts.

http://borbonchia.ge/user/Farnoush-Farsiar3eddaa33/ It's great to know that there is an increasing number of women in high-level positions. Farnoush Farsiar believes part of this rise in women's senior roles is due the #womenshould movement which increased awareness of the issue of diversity. Farsiar declares that she's "convinced that the #MeToo campaign has also had an impact. Women are speaking out more and demanding change.

Obstacles for women pursuing finance
Many obstacles hinder women from taking up finance careers. One of the most significant barriers is the absence of role models. Women in finance are often the only female within their field and can lead to isolation.

Farsiar stated that it's daunting to be the only female in the room. "You are you are under pressure to do your best and must not make any mistakes.

Another issue is "old boys"club" A mindset that is prevalent in many finance companies. Farnoush Farsiar It is a belief that men are better than women and that they should encourage each other.

Farsiar acknowledges "There's plenty of truth in this." Farnoush Farsiar "I experienced it myself. Men will always promote women, even if they're more experienced.

This old boys' club mentality can result in the harassment of women and discrimination. Women who are financially successful often face rude remarks and unwelcome advances made by their male colleagues.

Farnoush Farsiar declares "It's certainly an issue." "Women working in finance are often treated just like objects. It's difficult to get noticed in a world where women are treated this in that way."

The final obstacle is the lack of flexible working hours. Family obligations are more prevalent for women than men. These women need flexible working arrangements in order to balance work and home.

"Finance is a very demanding profession, and it's not easy to meet those demands when you have other responsibilities. Women frequently have to pick between their careers and family.

This makes it difficult for women to get into the finance industry and attain high-level positions. There are many initiatives that are being implemented to address this.

Farnoush Farsiar Thinks There's a Bright Future for Women in Finance
There are plenty of reasons to believe that women will continue working in the financial sector. Numerous initiatives have been taken to boost the number of women who work in finance and assist them to reach higher positions.

One such initiative is the Women Entrepreneurs Finance Initiative (We-Fi) It is which is a collaboration between the World Bank Group and 14 governments. We-Fi provides financing and assistance for women-owned enterprises in the developing countries.

Farsiar stated, "This is an excellent initiative since it gives women access to the resources they need to assist them in starting and expanding their business." It helps them create networks and connect with other female entrepreneurs.

Farnoush Farsiar Another initiative is the Women in Finance Charter, which the U.K. government launched in 2016. The Women in Finance Charter is a pledge by companies in the financial sector to promote gender diversity.

"The Women in Finance Charter is a great step forward," Farsiar encourages. It encourages financial institutions and other organizations to address gender diversity.

Women are now able to enter the top positions in organizations like We-Fi and Women in Finance Charter. This is a great thing for women and the financial industry.



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