Notes

Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking through the barriers and reaching great success across a variety of industries. The sad truth is, yet, women make up a small percentage of financial professionals. However, this is unlikely to change any time soon.

Deloitte's research shows that just 31 percent of financial workers will be women in 2030. It begs the question "Why there aren't more women working in finance?" There are many theories. Farnoush Farsiar But we needed to hear from an expert. Farnoush Farnoush an accomplished finance professional who is devoted to women's empowerment is the main reason we spoke to her.

Are there women in finance?

The U.S. employs 57 percent of women however only 24% hold financial jobs. The expected increase in female participation is 28 percent over the next 10 years and which is up from 24% in 2021. This is still way below the parity.

The absence of diversity isn't only a problem for women. Farnoush Farsiar claims it's an issue for the economy. https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar Farsiar said that teams of leaders with diverse viewpoints perform better than those with no. "So it's important that women are included in these positions. Farnoush Farsiar Farnoush Farsiar It's also crucial for the country."

There are many theories about how women working in the financial industry are underrepresented. Farnoush Farsiar One theory is that the financial industry is very male-dominated, competitive and challenging for women to enter. Another theory suggests that the parents and their peers aren't encouraging women to consider financial careers.

Farsiar believes the root of the issue is how women are viewed at the age of a child. "Women are taught from an early age that they are caregivers, not risk-takers. "We are taught to stay cautious and not take chances. This doesn't work for an enviable career in the financial.

Women are taught to be caring for one another. Farsiar explains that women are indoctrinated as friendly and to avoid conflict. "But in finance, it is important to be prepared and willing to speak out for yourself. You should be able to speak up for your ideas.

Farsiar questions where are all the women working in finance?
Women are underrepresented in finance at highest levels. According to a 2016-2017 survey by Pew the women in finance hold only 10% of the top executive positions. Just 11.5% of boards in financial institutions are occupied by women.

This disparity has real-world implications for women who work in finance. This is because women are more likely not to get promoted than their male counterparts and are also more likely to leave the industry.

The best part is that the growth of women in the top positions is slow but steady. Farnoush Farsiar believes part of this increase in women in senior positions is due to the #womenshould campaign which raised awareness about the importance of diversity. Farsiar believes that #MeToo has had a profound influence in her personal life. Women are now beginning to claim their rights and demand change.

Women's financial access is a challenge for women.
There are numerous barriers preventing women from getting into finance. A lack of role models is one of the greatest barriers to women getting into finance. It is lonely for women in finance to be the sole woman in their field.

Farsiar admitted that it's intimidating to be the only female present in the room. "You feel expected to be flawless at all times and that there must be no mistakes."

Another obstacle is another issue is the "old boys club" mentality still common in many financial companies. It is the belief that men favor other men and women are left out.

Farsiar acknowledges that there's much to this claim. "I have witnessed it firsthand. Men will encourage their male counterparts, even when women are more qualified.

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

Farnoush Farsiar declares, "It's certainly an issue." "Women working in finance are often treated like commodities, which makes it difficult for them to be successful."

The last issue is the absence of flexible working hours. It is commonplace for women to assume household responsibilities, like taking care of elderly parents or children. This means they need flexible work schedules to manage their personal and professional lives.

"Finance, being a complex field, can be difficult to manage when you are juggling other responsibilities. Women are often forced to make a choice between their careers and family."

These barriers make it hard for women to gain entry into the finance industry and take on high-level positions. There are however some initiatives that can in overcoming this.

Farnoush Farsiar Thinks There's a bright future for women in Finance
There is every reason to be optimistic about the future of women in finance. There are numerous initiatives designed to boost the numbers of of women working in the financial sector and help them achieve senior positions.

Women Entrepreneurs Finance Initiative(We-Fi) is one of these initiatives. It's a partnership with World Bank Group and 14 countries. We-Fi provides financing and support for women-owned businesses in emerging countries.

Farsiar said that this is an excellent initiative, as it gives women the tools needed to develop and create their own businesses. "It will also assist women in building networks and network with other women who have succeeded."

A different initiative is the Women in Finance Charter. The U.K. government launched it in 2016. Farnoush Farsiar The Women in Finance Charter represents a commitment made by financial institutions to support gender diversity.

Farsiar believes that the Women in Finance Charter represents significant progress. Financial companies are being encouraged to act on gender diversity and has made an impact.

Women in Finance Charter and We-Fi are helping women to achieve higher-level posts. This is good news for females and the financial sector.



Here's my website: https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar