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Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking down more barriers and enjoying huge successes in a variety of fields. However, the sad truth is that the majority of women are employed in finance. https://brexitcentral.com/author/farnoush-farsiar/ But, unfortunately, this will not change so soon.

According to Deloitte Insights In 2030 only 31 percent of employees in the financial sector will be women. This raises the question of why there aren't more women employed in the field of finance. Although there are many theories about the reasons for this however, we wanted to hear from someone who's been working in the field for some time. Farnoush Farnoush has been interviewed by us. She is a seasoned finance professional who is passionate for women's empowerment.

https://www.talk-business.co.uk/2022/06/21/fanoush-farsiar-on-the-importance-of-gender-lens-investing/ What proportion of women are working in finance?

The U.S. has 57 percent of the workforce is female however only 24% of financial jobs. This number is predicted to rise to 28% over the next ten to 20 years, up from the current 24.

Farnoush Farsiar The absence of diversity isn't only a problem for women. Farnoush Farsiar says it is also a threat to the economy. Farsiar asserted that leadership teams that have different perspectives perform better than those who don't. "So it is not only crucial that women are represented in these positions and other positions, but it is crucial for the country as whole."

There are many theories as to why women aren't more represented in the financial sector. One hypothesis is that the finance industry is too male-dominated and competitive for women to make it into. Another theory is that females are not urged by their families to pursue finance careers.

Farsiar believes the root of the issue is the way women are raised from an early age. "Women are taught from an early age to be caregivers, not risk-takers. "We're taught not to take chances, but instead to play it safe. It's not conducive to an investment career.

Women are socialized not only to take care of other people however, they also have to please people. Farsiar claims that women are taught to be courteous and avoid conflicts. "But when it comes to finance, you must be able to advocate for your own ideas. You must be able and willing to advocate for yourself.

Farsiar asks: Where are the females in finance?
Women are underrepresented in finance at the highest levels. According to a study conducted in 2016-17 by Pew. https://dribbble.com/farnoush-farsiar3bccdd33 In addition, they only hold 11.5 percent of the seats on the boards of financial firms.

This disparity can have real-world effects on women in finance. Farnoush Farsiar Females are more likely to be employed in finance to be promoted than male counterparts.

The good news? Women are slowly, but surely becoming more senior. Farnoush Farsiar believes the reason for this increase is due to the #womenshould campaign which has raised awareness about the lack of diversity. Farsiar believes that the #MeToo campaign has had a profound influence on her life. Women are speaking up to call for change.

There are barriers to women being able to enter finance
There are numerous obstacles which prevent women from pursuing careers in the world of finance. One of the biggest barriers is the absence of role models. Finance women often are the only woman working in their field and this can cause them to be lonely.

"It can be very intimidating to be the sole woman in the room," Farsiar said. "It feels like you have to be perfect every time, and that you shouldn't make any mistakes."

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

Farsiar acknowledges "There's plenty of truth in this." "I've seen it happen firsthand. Men will promote men regardless of whether they're better competent.

This old boys' club mentality may also lead to discrimination and sexual harassment. Male colleagues working in finance make demeaning remarks to women, and also make inappropriate advances to.

Farnoush Farsiar declares "It's certainly an issue." "Women in Finance are usually considered to be objects. It's hard to advance when you're treated in this manner."

https://bmmagazine.co.uk/business/farnoush-farsiar-on-queen-elizabeth-inclusion-and-diversity/ Last but not least, there is the issue of flexible working arrangement. Females are more likely be responsible for family obligations than men who are responsible for caring for elderly parents or their children. They require flexible working arrangements to manage their home and work schedules.

"Finance is a highly demanding industry, and it's hard to meet those demands when you're also juggling other obligations. Women are often required to choose between their career and family."

This makes it difficult to become a senior financial professional and to enter the field. There are numerous initiatives to tackle this issue.

Farnoush Farsiar is optimistic about the future of women working in finance.
There are many reasons to be optimistic about the future of the financial industry. Numerous initiatives have been undertaken to increase the number of women working in finance and to assist women in achieving senior positions.

Women Entrepreneurs Finance Initiative(We-Fi) is one of these initiatives. It's a collaboration between World Bank Group and 14 countries. We-Fi helps finance and support women-led enterprises in developing countries.

Farsiar said, "This is an excellent initiative as it provides women with access to the resources they need to help them start and grow their business." "It also helps women build networks and connect with other women who have succeeded."

Another initiative is the Women in Finance Charter. This was launched by the U.K. government in 2016. The Women in Finance Charter is designed to promote the inclusion of women in financial institutions.

Farsiar says to "The Women in Finance Charter" is a huge move forward. "It encourages financial institutions to work regarding gender diversity and is already making a difference."

Women are now able to enter high-level positions thanks to initiatives like We-Fi as well as Women in Finance Charter. This is great news for women and the financial industry.



Homepage: https://www.techregister.co.uk/farnoush-farsiar-explains-how-fintech-is-changing-finance/