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Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking down more barriers and enjoying great accomplishments in many fields. However, the sad truth is that very few women are working in finance. This is likely to remain the case for a while, however.

Deloitte Web Insights reports that only 31 percent of the financial sector's workers will be women by 2030. This raises the question: why are there many women in finance. There are many theories out on the internet however we wanted to hear from an expert in the field. We conducted an interview with Farnoush Farsiar an accomplished finance professional who is passionate about women empowerment.

How many women work in the field of finance?

In the U.S., women make up 57% of the workforce However, they have only 24 percent of financial jobs. This figure is expected to grow to 28% in the next ten to 20 years increasing from the current 24.

Diversity isn't only an issue for women. Farnoush Farsiar believes it's also an issue that has an impact on the economy. "Diverse leadership teams perform better than those that don't offer a broad range of viewpoints," Farsiar said. https://www.difc.ae/public-register/rumi-investment-limited/ "So it's important that women are represented in these occupations. It's also important for the nation."

There are many theories as to why women are underrepresented in the financial industry. One theory states that the market for financial services is too male-dominated and competitive for women to break into. A different theory suggests that parents and their peers hinder women from entering finance careers.

Farsiar believes that the root problem is in the way women are socialized young. Women are raised to look after their children and take responsibility for their security. "We are taught to stay secure and not to take risks. This doesn't work for an enviable career in the financial.

Farnoush Farsiar It's not just that women are socialized to take care of their children; they're also socialized to be pleasant to others. "Women are taught to be polite and minimize conflicts," Farsiar adds. Farnoush Farsiar "But in the world of finance, it is important to be able and willing to speak out for yourself. https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar You have to be able advocate for your own ideas.

Farnoush Farsiar Farsiar - Where is all the women working in accounting and finance?
At the top of the financial industry women are disproportionately underrepresented. According to a 2016-17 study conducted by Pew. Women also hold only 11.5 percent of executive positions in financial companies.

This imbalance has real-world consequences for women who work in finance. Women are less likely to be promoted than male counterparts. They're as well more likely to leave the field completely.

The good news is that women are slowly but surely becoming older. Farnoush Farsiar believes that this is partly due to the #womenshould movement, which has brought about an increased awareness of the absence of diversity. Farsiar claims that she is certain that the #MeToo campaign also produced a profound impact. Women are speaking out to demand change.

There are barriers to women being able to enter finance
There are many obstacles that women face in order to enter the field of the world of finance. One of the main obstacles is the lack of role models. Women in finance are often the only female in their department and can lead to isolation.

Farsiar admitted that it's difficult to be the only woman in the room. "You feel you are under pressure to do your best and must not make any mistakes.

Another barrier is the "old guys' club" mentality that is prevalent in many finance businesses. https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi This is the belief that men are superior to women and that they should encourage each other.

"There's lots of truth in that," Farsiar admits. Farnoush Farsiar "I've seen it happen firsthand. Men will encourage other men regardless of whether they are better equipped.

This old boys' club mentality may also lead to discrimination and harassment of women. Farnoush Farsiar Finance professionals are frequently confronted with sexist remarks and unwelcome advances by their male colleagues.

Farnoush Farsiar exclaims that "it's definitely an problem." "Women in Finance are usually treated like objects. It's tough to advance in a world where you're treated like a commodity."

Lack of flexibility in working hours is another issue. Females are more likely to have family responsibilities than men for example, taking care of elderly parents or children. These women need flexible working arrangements to allow them to balance work and family.

"Finance is a highly-risky industry. It is difficult to handle your obligations while working in finance. Women are often forced to make a choice between their job, their family and their careers.

These barriers make it extremely difficult for women in the financial sector to attain higher-level posts. There are however several initiatives being implemented to change this.

Farnoush Farsiar Believes the Future is bright for women in Finance
There are numerous reasons to be hopeful about the future of the financial industry. There are numerous initiatives aiming to increase the number of women employed in the financial industry and help them achieve senior posts.

Women Entrepreneurs Finance Initiative(We-Fi) is one of the initiatives. It's a partnership between World Bank Group and 14 countries. We-Fi helps women-owned businesses in the developing world by providing financial assistance and support.

Farsiar stated, "This is an excellent initiative since it gives women access to resources that can aid them in starting and growing their business." https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/ "It can also help them create networks and connect to other women who have succeeded."

The Women in Finance Charter, created by the U.K. in 2016, is an additional initiative. The Women in Finance Charter is a pledge by financial companies to promote gender diversity.

Farsiar says the Women in Finance Charter "is a great leap in the right direction." "It's encouraging financial firms to be proactive about gender diversity, and it's making a difference."

Through initiatives such as We-Fi as well as the Women in Finance Charter, women are more likely to join and hold senior positions. This is a good thing for females and the financial sector.



Website: https://www.difc.ae/public-register/rumi-investment-limited/