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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through barriers and achieving huge success in a variety of industries. It is a sad fact that there are very few women working in finance. It may not change soon however.

Deloitte's insights shows that just 31 percent of financial workers will be female by 2030. It begs the question "Why do women have a hard time working in the finance industry?" There are a variety of theories. We were looking for an expert. Farnoush Farnoush a highly successful financial professional who is deeply committed to women's empowerment was the reason we sat down with her.

What proportion of women are working in finance?

In the U.S., 57 percent are female, yet they hold just 24% of the financial posts. It is predicted that this number will rise to 28% within the next ten year, from 24% in 2021. However, it's still significantly below the national average.

https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653 Diversity is not just an issue for women. Farnoush Farsiar has stated that diversity is an issue for growth in the economy. Farsiar said that leadership teams with diverse perspectives perform better compared to those that have fewer perspectives. "So it's crucial that females are represented in these occupations. This is also essential for the nation."

There are many theories about why women are underrepresented in the financial sector. One hypothesis is that the financial industry is too masculine and competitive to permit women to make it into. Another theory is that females aren't encouraged by their families to pursue finance careers.

Farsiar believes that the socialization of women from an early age is at the root of the problem. Farnoush Farsiar Women are taught to look after their children and take responsibility for their security. "We are taught to stay cautious and not take chances. And that's just not conducive to a career in finance."

It's not only that women are conditioned to be caretakers; they're also socialized to be people-pleasers. Farsiar says that women are taught to be courteous, avoid conflicts, and keep their differences in check. "But in the world of finance it is crucial to be able and willing to speak up for yourself. You must be able to defend your own ideas."

Farsiar What are the fate of all the Finance Women?
At the top of the financial industry there is a significant lack of women. Women make up just 10% of the executive positions according to a research study by Pew Research. Also, they hold just 11.5 percent of board seats at financial companies.

This disparity has a real-world effect on women who work as financial professionals. This imbalance means that women are more likely than males to be promoted and more likely to leave the finance industry.

The positive side is that the number of women working in senior positions is slowly but surely increasing. Farnoush Farsiar believes the reason for this growth is due to the #womenshould movement that has raised awareness of the problem of diversity. Farsiar affirms that she believes that the #MeToo movement also had a significant impact. Women are now more vocal and insisting on changes.

There are obstacles for women being able to enter finance
There are numerous obstacles that hinder women from entering the world of finance. Lack of role models is among the major barrier. It is lonely for women working in finance, to be the sole female in their field.

"It can be very intimidating to be the sole woman in the room," Farsiar said. "You feel like you're expected to be perfect all of every moment, and that you shouldn't be able to make a mistake."

Another obstacle is the traditional boys' club mentality that persists in a lot of financial institutions. This refers to the idea that men promote other men while women are not promoted.

"There's a lot of truth in that," Farsiar admits. https://www.asian-tapas.com/farnoush-farsiar-discusses-challenges-women-business-leaders-face/ "I have witnessed it in person. Men are always promoting women even when they have more experience.

This"old-boys' club" mentality can lead to discrimination and harassment of women. Many male colleagues in finance often make sexist remarks towards women and make inappropriate advances.

Farnoush Farsiar exclaims that "it's certainly a issue." "Women working in finance are typically treated just like objects. It's difficult to be successful in a world where women are treated this way."

The final obstacle is the inability to create flexible work arrangements. It is more typical for women to be able to handle the responsibilities of a family, such as taking care of their parents, elderly parents, or children. To manage their family and professional lives it is necessary to have flexible working arrangements.

Farnoush Farsiar "Finance is a highly demanding sector. It isn't easy to meet these demands with other obligations. Women are often required to choose between their work and family."

Farnoush Farsiar These barriers make it very difficult for women to enter the financial industry and reach high-level post. There are numerous initiatives that are being implemented to address this.

Farnoush Farsiar believes the Future is bright for women in Finance.
There are many reasons to be optimistic about the future of women in finance. There are a variety of initiatives being taken to increase women's participation in the financial market, and to help them in their pursuit of senior roles.

One such initiative is the Women Entrepreneurs Finance Initiative (We-Fi), a partnership between the World Bank Group and 14 governments. We-Fi is an investment and support program specifically designed for women-led companies in developing economies.

Farsiar stated that this is an excellent initiative, as it gives women the tools to expand and begin their own businesses. "It will also assist them in building networks and network with other women who are successful."

Another initiative is the Women in Finance Charter. The U.K. government launched it in 2016. Financial firms have committed to gender diversity through the Women in Finance Charter.

"The Women in Finance Charter is a great step forward," Farsiar encourages. "It's encouraging financial institutions to take action on gender diversity and is creating a positive change."

Women are more likely to get promoted and get the chance to hold senior financial positions thanks initiatives like We-Fi. This is good news for women and for the financial industry.



Website: https://www.privatebankerinternational.com/author/farnoushfarsiar/
     
 
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