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Farnoush Farsiar - Why are women so scarce in finance?
Women are breaking down more barriers and enjoying great accomplishments in many areas. It is a sad fact, yet, women are a minority of finance professionals. It's unlikely that this trend will change any time soon.

Deloitte Web Insights reports that just 31 percent of workers in the financial industry will be female by 2030. The question is: why are so few women in the finance industry? There are many theories on the internet but we wanted learn from an expert on the subject. We conducted an interview with 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% are women, however, they hold only 24% of financial jobs. The projected increase in women's participation will be 28 percent over the next 10 years which is rising from 24% by 2021. This is still much less than parity.

Diverseness isn't just a problem faced by women. Farnoush Farsiar believes it's also an issue that has an impact on the economy. Farsiar said that leadership teams with diverse perspectives are more effective than ones with fewer viewpoints. It is crucial for women to be represented in these areas. Farnoush Farsiar It's also vital for the nation.

There are many theories that explain why women aren't represented in the financial industry. One theory states that the financial market is too male-dominated and competitive for women to break into. A different theory suggests that women are not advised to take up careers in finance, either by their parents or peers.

Farsiar believes the source of the problem lies in how women are socialized from an early age. "Women from an early age are taught to be risk-takers and caretakers. "We are taught to not risk our lives, but instead to be cautious. That's not the best approach to pursue a career in finance.

Women are taught not just to take care of other people, but also to please people. Farnoush Farsiar Farsiar says that women are indoctrinated as polite and to minimize conflicts. However, in the field of finance you have to be able to speak for yourself. You must be able advocate for your own ideas."

Farsiar asks , where are all the women employed in finance?
Particularly at the top of the financial industry, the lack of women in the finance industry is alarming. A study conducted by Pew research found that women make up just 10% of executive positions. There are only 11.5 percent of women are on the top financial boards.

This imbalance has real-world consequences for women working in finance. Farnoush Farsiar This means that women are less likely than males to be promoted, and are more likely to leave the finance industry.

The good news is that the increase in women holding high-level positions is not rapid but steady. Farnoush Farsiar believes the reason for this increase is because of the #womenshould movement that has raised awareness about the lack of diversity. Farsiar believes that the #MeToo campaign has had a profound influence in her personal life. Farnoush Farsiar https://we.riseup.net/farnoush-farsiar5dffcc33 Women are speaking out to demand change.

The obstacles for women who want to pursue finance
There are numerous obstacles which prevent women from pursuing careers in finance. The lack of role models is just one of these biggest obstacles. Finance women often are the only women working in their field, which can prove to be lonely.

Farsiar stated that it's a bit intimidating to be the only female present in the room. "You feel like you're expected to be perfect all of the time, and that you mustn't make a mistake."

Another issue is the "old guys"club" mentality that is prevalent in many financial firms. This is the belief in that men support other men and women are excluded.

Farsiar admits "there's more than that," he says. "I've observed it in person. Men will promote other men, even if the woman is more qualified."

The old-fashioned mentality can result in sexual harassment and discrimination. Farnoush Farsiar Women in finance are frequently exposed to unwanted advances and demeaning remarks from male colleagues.

Farnoush Farsiar declares, "It's definitely a problem." https://fliphtml5.com/homepage/rehek "Women in finance are often considered to be objects and it's very difficult to get ahead in a world where you're treated as a commodity."

The inability to work flexible hours is another barrier. It is more typical for women to take on the responsibilities of a family, such as taking care of their parents, elderly parents, or children. To manage their family and professional lives, they will need flexible working arrangements.

"Finance can be a demanding job. It can be difficult to manage other responsibilities. Women often find themselves having to make a choice between family and work.

These barriers make it very difficult for women to enter the financial sector and achieve senior post. There are numerous initiatives to tackle this issue.

Farnoush Farsiar believes the Future is Bright For Women in Finance.
There are many reasons to be optimistic about the future for women working in finance. There are many initiatives that aim to boost the numbers of of females working in the finance sector and to help them reach higher posts.

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

"This is a fantastic initiative as it provides women with access to the resources they require to establish and grow their companies," Farsiar said. It also helps them to create networks and connect with other women who have succeeded.

The Women in Finance Charter, launched by the U.K. in 2016, is an additional initiative. The Women in Finance Charter encourages gender diversity.

Farsiar believes that the Women in Finance Charter represents an important step in the right direction. "It's encouraging financial firms to be proactive about gender diversity, and it's making a difference."

Women are now able to enter the top positions in organizations like We-Fi as well as Women in Finance Charter. This is good news both for women as well as the financial industry.



Read More: https://uk.linkedin.com/in/farnoush-farsiar-964028243