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Farnoush Farsiar: Why are so few women in finance?
Women are breaking through barriers and becoming powerful leaders in a variety of sectors. The unfortunate reality is that the proportion of women working in finance remains shockingly low. It may not change soon but it will be a long time before that happens.

Deloitte insights indicates that only 31 percent of financial workers will be female by 2030. This raises the question "Why there aren't more women working in the finance industry?" While there are several theories, we decided to hear the opinions of an expert. Farnoush Farnoush an expert finance professional , who is passionate about women's empowerment is our interview subject.

How many women work in the field of finance?

In the U.S., women make up 57% of the workforce However, they hold only 24 percent of financial jobs. The projected growth in women's participation is 28 percent over the next ten years which is which is up from 24% in 2021. This is still much less than parity.

Diverseness is not only a problem for women. https://portal.sumdu.edu.ua/question/farnoush-farsiar-discusses-the-challenges-women-business-leaders-face Farnoush Farsiar said that it's a serious issue for the economy. Farnoush Farsiar Farsiar stated that diverse leadership teams have more impact than teams who have fewer perspectives. "So it's not just crucial for women to be involved in these fields; it's also critical for the country as a whole."

There are many theories on the reasons women aren't as represented in the financial sector. One hypothesis is that the financial industry is simply too male-dominated and competitive for women to break into. A different theory suggests that their parents and peers hinder women from entering career paths in finance.

Farsiar believes that women's socialization at the age of ten is the heart of the problem. "Women are taught at a young age that they must be risk-takers and not caretakers. "We're taught not to make risks, but rather to be safe. This isn't a good idea for the field of finance.

Women are socialized not only to take care of others however, they also have to please people. Farsiar said women were taught to be polite. "But you must be able to advocate for your own ideas in finance. You need to be able to advocate for your ideas.

Farsiar - Where is all of the women working in accounting and finance?
Women are underrepresented in finance at top levels. According to a report by Pew Researchers just 10% are held by women in senior executive post. Just 11.5 percent of women sit on the top financial company boards.

This imbalance can have real-world effects on women working in finance. Women are less likely in finance to get promoted than male counterparts.

The good news is the increase in women holding the top positions is slow but steady. Farnoush Farsiar believes part of the increase in women taking on senior positions is due to the #womenshould campaign which raised awareness of the need for diversity. Farsiar affirms that she believes the #MeToo movement also had a significant impact. Women are speaking up to demand change.

The financial barriers that stop women from taking up finance careers
Many barriers prevent women being able to enter the field of finance. The lack of role models is among of the biggest obstacles to women getting into finance. This can make it difficult for women working in finance to become the sole females in their department.

Farsiar stated that it can be intimidating to be the only female in the room. https://sbank-gid.ru/user/Farnoush-Farsiar7effdd33/ "It is like you are expected to be perfect every single day and that you shouldn't make any mistakes."

Another issue is the boys' club mentality, that is still prevalent in many financial firms. This refers to the idea that men promote other men and women are not promoted.

Farsiar admits that there's a lot to this statement. https://cope4u.org/forums/users/farnoush-farsiar2iffbb22/ "I've seen this happening firsthand. Men will make promotions for men, regardless of whether they're better qualified.

This"old-boys' club" mentality can result in harassment and discrimination. Finance women are often confronted with unwelcome advances and humiliating remarks from their male counterparts.

"It's certain that it's a problem," Farnoush Farsiar exclaims. "Women working in finance are typically treated as objects, and it's very hard to get ahead when you're being treated that way."

Farnoush Farsiar Then, there is the issue of inflexible working arrangements. Women tend to be more likely to have household responsibilities, such as caring for parents who are elderly and children. They require flexible work schedules to balance their family and work.

"Finance is a very demanding business, and it's difficult to manage the demands of your job when you have other responsibilities. Women often have to choose between their work as well as their family.

These obstacles make it extremely difficult for women to enter the finance industry and attain the top posts. There are many initiatives to combat this problem.

http://www.dezobarieri.ge/user/Farnoush-Farsiar2faadd22/ Farnoush Farsiar Farnoush Farsiar Thinks There's a Bright Future for Women in Finance
There are many reasons to feel hopeful about the future of women working in finance. There are numerous initiatives designed to increase the number of women working in the financial sector and help them achieve senior posts.

One such initiative, Women Entrepreneurs Finance Initiative is a partnership of the World Bank Group with 14 governments. We-Fi provides financing and support to women-led businesses in emerging countries.

Farsiar stated, "This is an excellent initiative since it gives women access to resources that will aid them in starting and growing their business." It also helps them to build networks and connect to other successful women.

Another initiative is The Women in Finance Charter. Farnoush Farsiar It was announced by the U.K. government in 2016. The Women in Finance Charter encourages gender diversity.

Farsiar urges to "The Women in Finance Charter" is a significant step in the right direction. "It encourages financial institutions to act regarding gender diversity and is already creating a positive change."

Women are now able to enter high-level positions thanks to initiatives like We-Fi as well as Women in Finance Charter. This is a good thing for women and men as well as the financial sector.



Website: http://www.dezobarieri.ge/user/Farnoush-Farsiar2faadd22/