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Farnoush Farsiar, Why Are So Few Women in Finance
Women are increasingly breaking down barriers and enjoying amazing success in many industries. However, the sad truth is that only a tiny percentage of women work in finance. Farnoush Farsiar It may not change soon however.

Deloitte insight estimates that 31% of financial sector employees will be women in 2030. This raises the question "Why there aren't more women working in the finance industry?" There are a variety of theories. However, we needed to hear from an expert. Farnoush Farnoush an accomplished finance professional who is deeply committed to women empowerment was the main reason we spoke to her.

How many women work in finance?

In the U.S., 57% are women, however, they have just 24% of financial posts. This is expected to rise to 28% in the next ten year, from 24% in 2021. However, it's still far below parity.

Diverseness isn't just an issue for women. Farnoush Farsiar has said that it's a serious issue for the economy. https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Farsiar said that leadership teams that have differing perspectives are more effective than those with no. "So it is not only vital that women are included in these positions and other positions, but it is crucial for the country as overall."

There are a variety of reasons women aren't able to be included in the financial sector. One theory is that the financial industry is too male-dominated, competitive and challenging for women to join. Farnoush Farsiar A different theory suggests that mothers and colleagues hinder women from entering financial careers.

Farnoush Farsiar Farsiar believes that the source of problem is in the way women are socialized young. Women are raised to care for their children and take responsibility for their safety. "We are taught to stay safe and not to take risks. This doesn't make sense for the job of a financial analyst.

Women are taught socially to be caring for one another. "Women are indoctrinated to be polite and minimize conflict," Farsiar adds. "But in finance it is crucial to be able and willing to speak out for yourself. You must be able to advocate for your own ideas.

Farsiar questions where are all the women who work in finance?
It's particularly apparent at the highest levels of finance that there are not enough females. According to a 2016-17 study by Pew. In addition, they only hold 11.5 percent of board seats at financial firms.

This is a real-world issue for women who work in finance. Women are less likely in finance to be promoted than their male counterparts.

It is good to know that there's an increase in the number of women working in senior roles. Farnoush Farsiar believes the reason for this growth is due to the #womenshould campaign which has raised awareness about the lack of diversity. Farsiar says she's "convinced that the #MeToo campaign has also had an impact. Women are starting to voice their opinions and demand change.

Women's financial access is a challenge for women.
There are many obstacles that women have to overcome in order to get into the world of finance. One of the most significant barriers is the absence of role models. Women in finance are often the only woman within their field, which can be isolating.

Farsiar acknowledged that it is intimidating to be alone in a room that is only one person. https://www.cbetta.com/director/farnoush-farsiar-aidi-2 "It is like you are expected to be perfect all the time and you should not commit any mistakes."

Another issue is the "old boys' club" mentality that is still prevalent in many finance companies. This is the idea which men encourage other men and women are excluded.

Farsiar admitsthat "There's plenty of truth in this." "I've seen it happen myself. Even if the woman is a better candidate, even if she has higher qualifications, men still promote other people.

This old boys' club mentality can also lead to discrimination and harassment of women. Women who are financially successful often face insulting remarks and unwelcome advances by their male counterparts.

Farnoush Farsiar declares, "It's certainly a problem." "Women working in finance are typically treated like objects, and it's very difficult to make it in the financial world when you're being treated this way."

The last barrier is the difficulty in finding flexible working arrangements. Women are more likely to take on the responsibility of caring for parents who are elderly and children. To balance their home and work schedules, they will need flexible work schedules.

Farnoush Farsiar "Finance has a high-stakes industry. It can be difficult to manage your responsibilities while working in finance. Women are often forced to choose between their career or family.

This makes it difficult for women to get into the finance industry and attain senior post. There are many initiatives being taken to remedy this.

Farnoush Farsiar believes the Future is Bright For Women in Finance.
There are many reasons to be optimistic regarding the future of the financial sector. https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar There have been numerous initiatives launched to increase the number and reach the highest levels of the financial sector.

One of these initiatives is Women Entrepreneurs Finance Initiative (WeFi) that is a partnership between the World Bank Group & 14 governments. We-Fi helps finance and support women-led businesses in the developing world.

"This is a fantastic initiative because it gives women access to the resources they need to establish and grow their companies," Farsiar said. "It will also assist them in building networks and connect to other women who have succeeded."

The Women in Finance Charter was another initiative that the U.K. government launched in the year 2016. Financial firms have committed to gender equality through the Women in Finance Charter.

"The Women in Finance Charter is a great step forward," Farsiar encourages. "It's encouraging financial companies to be proactive about gender diversity, and it's creating a positive change."

Women tend to be more likely to be promoted and have the opportunity to be employed in high-level financial positions thanks initiatives like We-Fi. This is great news for both the financial and women sectors.



Website: https://www.asian-tapas.com/farnoush-farsiar-discusses-challenges-women-business-leaders-face/