Notes

Farnoush Farsiar - Why are there so few women in finance?
Women are breaking through barriers to achieve huge success across a wide range of industries. Unfortunately, the shocking reality is that just a small percent of women work in finance. This is likely to remain the case for a while however.

Deloitte insights shows that just 31 percent of finance professionals will be female in 2030. This raises the question: why are there a lack of women working in finance? Although there are several theories, we decided to hear the opinions from an expert. Farnoush Farnoush is a fervent financial professional who is a champion for women's empowerment.

What percentage of women are employed in finance?

In the U.S., 57% are women, however, they are held in just 24% of the financial posts. That's is projected to expand to 28% in the next ten years, up from 24% in 2021 but way below parity..

Diverseness isn't just a problem faced by women. It's also a challenge for the economy, according to Farnoush Farsiar. "Diverse leaders have better results than ones that do not have as broad a spectrum of opinions," Farsiar said. "So it's important that women are in these roles. This is also essential for the nation."

There are many theories that explain the reasons women aren't included in the financial industry. One theory suggests that the financial industry is highly male-dominated and competitive, making it difficult for women to enter. Another theory is that financial careers are viewed as a deterrent from women by their peers or parents.

Farsiar believes the root problem lies in the ways women are socialized in their youth. "Women are taught at an early age that they should be risk-takers and not caretakers. "We are taught not to make a risk, but rather to play it safe. This doesn't help a career financial.

It's not enough to have women being trained to be caretakers. They're also taught to be people-pleasers. Farsiar claimed women were taught to behave politely. In finance, however, you must be able be able to speak for yourself. You should be able to speak up for your ideas.

Farsiar - Where is all the women working in finance and accounting?
Farnoush Farsiar Women are disproportionately underrepresented in finance, particularly at the top levels. According to a 2016-17 study by Pew. Farnoush Farsiar A mere 11.5% of boards in financial institutions are occupied by women.

Farnoush Farsiar This imbalance has real-world implications for women in finance. Females are more likely to be employed in finance to be promoted than male counterparts.

The good news is that women are gradually, but steadily becoming older. Farnoush Farsiar believes that this is due in part to the #womenshould movement, which has led to an increased awareness of the lack of diversity. Farsiar states that she believes that the #MeToo movement had an equally significant impact. Women are becoming more vocal and demanding change.

The obstacles women face when trying to get into the world of finance
There are many barriers that prevent women from entering financial services. One of the main obstacles is the absence of role models. This can make it hard for women who work in finance to become the only female in their respective departments.

Farsiar said that it can be difficult to be the sole female in the room. "You feel that you have to be flawless every time, and you cannot be a fool."

Another barrier is the old men's club mentality, which still exists in many financial firms. This refers to the notion that men are the ones who promote women and women are left out.

"There's lots of truth in that," Farsiar admits. "I've witnessed it myself. Women will always be promoted by men even when they have more experience.

The old-fashioned mentality could lead to sexual harassment and discrimination. Finance women are often confronted with unwelcome advances and demeaning remarks from male counterparts.

Farnoush Farsiar declares, "It's certainly an issue." "Women working in finance are typically treated like objects, and it's very hard to get ahead when you're being treated this way."

Inflexibility in working schedules is another obstacle. Women are more likely than men to be entrusted with household responsibilities, like taking care of children or elderly parents. They need flexible work arrangements to be able to balance their home and work lives.

"Finance is a very demanding business, and it's difficult to keep up with the demands when you're also juggling other obligations. Farnoush Farsiar A lot of women have to choose between their work or family.

This makes it challenging for women to get into the financial sector and hold senior post. There are numerous initiatives to combat this problem.

Farnoush Farsiar Thinks There's a bright future for women in Finance
There are plenty of evidence to suggest that women will continue to be employed in the financial sector. A number of initiatives are being taken to increase women's participation in the finance market and to assist women as they pursue higher-level positions.

One such initiative, Women Entrepreneurs Finance Initiative is a joint venture with the World Bank Group with 14 governments. We-Fi provides financing and support to women-owned companies in emerging countries.

Farsiar said, "This is an excellent initiative as it provides women with access to resources that can aid them in starting and growing their businesses." It also allows them to create networks and connect with other women who have succeeded.

Farnoush Farsiar The Women in Finance Charter, created by the U.K. in 2016, is an additional initiative. The Women in Finance Charter promotes gender diversity.

Farsiar believes the Women in Finance Charter represents significant progress. Financial companies are being encouraged to take action on gender diversity, and is making an impact.

Initiatives such as We-Fi or the Women in Finance Charter make it easier for women to climb into senior posts. https://www.cbetta.com/director/farnoush-farsiar-aidi-2 This is good news for women and the financial industry.



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