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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through more barriers and enjoying huge success in various areas. It is a sad fact, however, that women still only make up a tiny percentage of finance professionals. Farnoush Farsiar This is likely to remain the case for a while, however.

Deloitte's insights suggests that just 31 percent of finance professionals will be women in 2030. The question is what is the reason there aren't more women working in finance? Although there are several theories, we wanted hear the opinions from an expert. Farnoush Farnoush is a highly skilled financial professional who is passionate about women's empowerment was our interviewee.

How many women are employed in Finance?

In the U.S., 57 percent are female, yet they are held in only 24% of the financial jobs. The expected increase in female participation is 28 percent over the next ten years and which is up from 24% in 2021. It's still much less than parity.

Diversity isn't only an issue for women. Farnoush Farsiar said that it's also a problem in the economy. Farsiar claimed that teams that have different leadership styles are more successful than teams that share the same perspectives. It's crucial that women be included in these fields. It's also vital for the country.

There are many reasons why women aren't present in the financial world. One theory suggests that the financial industry is very male-dominated, competitive and challenging for women to enter. Another theory suggests that parents and peers don't encourage women to choose finance careers.

Farsiar believes women's socialization from an early age is the source of the issue. "Women begin at an early age that they are take care of others, not risk takers. "We are taught to not make a risk, but rather to play it safe. This doesn't help an enviable career in the financial.

It's not enough for women to be trained to be caretakers. They're also socialized as people-pleasers. Farsiar affirms that women are taught to be polite, reduce conflict and keep their differences in check. "But in the world of finance it is essential to be in a position to defend yourself. You should be able and willing to advocate for yourself.

Farsiar: Where are all the finance women?
Farnoush Farsiar Women are particularly underrepresented in finance at the most senior levels. According to a study by Pew Researchers, only 10% of finance jobs are females in senior executive posts. They also hold only 11.5 percent of the executive positions at financial companies.

This is a real-world issue for women working in finance. This is why women are less likely than males to be promoted and are more likely to leave finance.

The good news? Women are slowly, but surely getting older. Farnoush Farsiar believes part of this rise in women's senior roles is due the #womenshould campaign which raised awareness of the issue of diversity. Farsiar stated that she was "convinced" that the #MeToo Movement also had an enormous impact. Women are speaking out more and calling for change.

There are obstacles for women pursuing finance.
A number of obstacles prevent women from taking up finance careers. One of the biggest obstacles is the lack of role models. This makes it challenging for women in finance to be the sole females in their department.

Farsiar admitted that it can be intimidating to be the only female in the room. "You are pressured to be perfect and you must avoid making any mistakes.

Another obstacle is the traditional men's club mentality, which still exists in the majority of financial companies. This is the idea which men encourage other females and men are not allowed to join.

Farsiar admits "There's a lot truth to this." "I have seen it happen personally. Even if the woman has higher qualifications, men are still able to encourage other people.

https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653 This old boys' club mentality may also lead to discrimination and sexual harassment. Male colleagues in finance often make sexist remarks towards women and make inappropriate advances.

Farnoush Farsiar Farnoush Farsiar says, "It is definitely an issue." "Women in Finance are usually treated as objects. It's difficult to advance when you're treated in this manner."

The last obstacle is the absence of flexible working hours. Females are more likely than males to be entrusted with household responsibilities, like taking care of children or elderly parents. Women require flexible work arrangements to allow them to balance work and family.

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

These challenges make it extremely difficult to be a top financial professional and enter the industry. There are however some initiatives that could help to change this.

Farnoush Farsiar Believes the Future is Bright for Women in Finance
There are plenty of reasons to believe that women will continue working in the financial sector. https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ A number of initiatives are taking place to boost women's participation in the financial market, and to help them in their pursuit of senior roles.

An example of this initiative is Women Entrepreneurs Finance Initiative which is a partnership of 14 governments and the World Bank Group. We-Fi offers financial assistance and financing to women-led businesses in developing countries.

Farsiar explained, "This initiative is great because it allows women access to the tools they require in order to start and grow businesses." "It will also assist in building networks and networks and also meet with women who have made it successful."

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

"The Women in Finance Charter is an important step in the right direction," Farsiar encourages. "It is encouraging financial companies to take actions on gender diversity. It's making strides."

Women are more likely to be promoted and have the opportunity to hold senior financial positions due to initiatives such as We-Fi. This is great news for both the financial and female sectors.



Read More: https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/