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Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking through barriers and becoming great leaders in many sectors. The unfortunate reality is that the proportion of women working in finance remains astonishedly small. However, this is unlikely to change any time soon.

Deloitte insight estimates that 31% of financial sector employees will be women in 2030. This begs the question "Why are so few women working in financial services?" Although there are several theories, we decided to get the opinion of an expert. That's why we interviewed Farnoush Farsiar an experienced finance professional who is a firm believer in women's empowerment.

How many women are employed in Finance?

In the U.S., 57 percent are women, however, they are held in just 24% of financial positions. It is expected that the number will grow to 28% over the next 10 years, compared to 24% in 2021. However, they are well short of the parity.

Diverseness is not only a problem for women. Farnoush Farsiar has stated that diversity is an issue for economic growth. Farsiar said that diverse leadership teams are more effective than those that have fewer perspectives. "So it's important that women are included in these positions. It's also crucial for the country."

There are many theories as to the reasons women aren't represented in the financial sector. One theory is that the market for financial services is too male-dominated and competitive for women to break into. Another theory suggests that peers and parents aren't encouraging women to consider financial careers.

Farsiar believes socialization of women at an early age is at the root of the problem. Women are taught to care for their children and take responsibility for their safety. "We are taught to stay secure and not to take risks. This is not conducive for the job of an analyst of financials.

It's not just that women are socialized to take care of their children; they're also socialized to be nice to people. Farsiar explains that women are taught to be polite and to minimize conflicts. "But when it comes to finance, you have to be able stand up for your ideas. You have to be able advocate for your own ideas."

Farsiar questions where are the females who work in finance?
At the highest levels of the financial industry there is a significant lack of women. A 2016-2017 study done by Pew research found that women make up just 10% in executive-level roles. In addition, they only hold 11.5 percent of the executive positions at financial companies.

This imbalance has real-world implications for women in finance. This is due to the fact that women are more likely not to be promoted than male counterparts and are more likely to quit the field.

The best part is that that the increase in women holding senior positions is slow but steady. Farnoush Farsiar believes that this is in part due to the #womenshould campaign which has led to a greater awareness of the lack of diversity. Farsiar believes that the #MeToo campaign has had an incredible influence on her life. Women are speaking up to make a difference.

The obstacles women face when trying to get into Finance
A number of obstacles prevent women from taking up finance careers. Farnoush Farsiar A lack of role models is a major barrier. This makes it challenging for women in finance to be the only females in their department.

Farsiar explained that being the sole female in a room can be quite daunting. "You are pressured to be perfect and not make mistakes.

Another obstacle is the "old boys"club" mindset that persists in a lot of finance companies. This refers to the notion that men promote other women while women are not.

Farsiar admits that "there's more than that," he says. Farnoush Farsiar "I have seen it happen in person. Men will be promoted by men, even if they are more qualified.

This old boys' club mentality can lead to sexual harassment and discrimination. Women in the financial sector often get rude comments and unwelcome advances from their male colleagues.

Farnoush Farsiar says, "It is certainly an issue." http://kinecommunity.com/members/farnoush-farsiar2abbcc33/activity/18503/ "Women working in finance are typically treated like objects. Farnoush Farsiar It's difficult to advance when you're treated this way."

Inflexibility in working hours is another barrier. Females are more likely than males to be entrusted with family responsibilities, such as caring for elderly or children parents. This means that they require flexible work arrangements that allow them to balance their work and home life.

"Finance can be a very demanding job. It's difficult to balance other responsibilities. Women are often forced to choose between their work or family.

This makes it difficult to be a top financial professional and get into the business. There are several initiatives aiming to address this.

Farnoush Farsiar believes that the future is bright for women in the field of finance.
There are plenty of positive reasons to believe in the future of women in finance. A variety of initiatives are in place to boost the number of women working in the finance industry and assist them in achieving senior positions.

Farnoush Farsiar Women Entrepreneurs Finance Initiative(We-Fi) is one of the initiatives. It's a collaboration between World Bank Group and 14 countries. We-Fi provides financing and assistance for women-owned enterprises in the developing countries.

Farsiar stated, "This program is a excellent one as it provides women access to resources and opportunities to establish and grow their businesses." It also assists them in establish networks and connect with other women who have succeeded.

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

Farsiar says the Women in Finance Charter "is an amazing leap forward." It encourages financial institutions and other businesses to consider gender diversity.

Women are now able to take on senior positions through initiatives like We-Fi and Women in Finance Charter. This is good news for women and the financial sector.



Website: https://www.aacc21stcenturycenter.org/forums/users/farnoush-farsiar6iffcc33/