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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through barriers and reaching great success across a variety of industries. However, the sad truth is that the majority of women are employed in finance. Sadly still, it may not be changing anytime soon.

Farnoush Farsiar Deloitte's research shows that only 31 percent of financial professionals will be female by 2030. Farnoush Farsiar This begs the obvious question: Why are there such a low number of women working in finance. There are a variety of theories. Farnoush Farsiar However, we were looking for an expert. Farnoush Farnoush is a fervent finance professional and advocate for women's empowerment.

How many women are employed in Finance?

The U.S. has 57 percent of the workforce is female however just 24% jobs in the financial sector. It is predicted that this number will rise to 28% over the next 10 years from 24% by 2021. However, this is significantly below the national average.

It's not only a problem that women face. Farnoush Farsiar believes it's an issue for the economy. Farsiar claimed that teams that have different leadership styles are more successful than teams that share the same views. "So it's not just important for women to be involved in these fields and it's equally important for the country in general."

There are a myriad of theories as to the reasons why women in the financial industry aren't as well represented. One theory is that financial services are too male-dominated and highly competitive for females to enter into. A different theory suggests that women are not advised to pursue careers in finance, either by their parents , or colleagues.

https://techplanet.today/post/farnoush-farsiar-claims-that-brexit-has-helped-the-uks-financial-market-despite-the-gloomy-forecasts Farsiar believes socialization of women in their early years is the cause of the issue. Women are raised to look after their children and take responsibility for their security. Farnoush Farsiar "We're taught to not make risks, but rather to be safe. This isn't the most effective approach to pursue a career in finance.

Women are taught socially to care for others. Farsiar affirms that women are taught to be polite, reduce conflicts and keep their differences under control. But in finance, you must be able communicate your ideas. It is important to be able to defend your own thoughts.

Farsiar - Where is all the women in accounting and finance?
Women are particularly underrepresented in finance, particularly at the most senior levels. Women make up just 10% of executive-level jobs, according to a 2016-2017 study by Pew Research. Women have 11.5% of financial firm board seats.

This inequality has a direct impact on women working as finance professionals. This is due to the fact that women are more likely not to be promoted than male counterparts and are also more likely not to stay in the field.

The good news is that women are slowly but surely becoming more senior. Farnoush Farsiar believes part of the increase in women taking on senior roles is due to the #womenshould campaign which raised awareness of the issue of diversity. Farsiar declares that she is "convinced that the #MeToo campaign has also had an impact. Women are speaking up to demand change.

Financial Access Barriers for Women
There are many obstacles that prevent women from being able to enter the field of finance. One of the main obstacles is the absence of role models. Finance women are typically the only female employees in their industry, which can prove to be lonely.

Farsiar acknowledged that it's difficult to be in a room that is only one woman. "It makes you feel like you need to be perfect every single day and you shouldn't make any errors."

Another problem is another issue is the "old boys' club" mentality still common in many financial companies. This is the belief in which men encourage other men and women are excluded.

Farsiar acknowledges that there is an element of truth to this assertion. "I've witnessed this happen firsthand. Men will always promote women, even if they are more experienced.

This"old boys' club" mentality can also result in discrimination and harassment sexually. Women in finance are frequently confronted with unwelcome advances and humiliating remarks from their male counterparts.

Farnoush Farsiar exclaims that "it's definitely an problem." "Women working in finance are typically considered objects and it's very hard to succeed when being treated that way."

The last issue is the inability to make flexible work schedules. Women tend to be more likely to have family responsibilities like taking care of elderly parents or children. Women require flexible work arrangements to allow them to balance work and family.

"Finance can be a very demanding job. It can be difficult to keep up with other obligations. Many women are forced to make a choice between their job or their family.

These obstacles make it extremely difficult for women in the finance industry to achieve higher-level positions. However, there are a few initiatives that can in overcoming this.

Farnoush Farsiar believes the Future is bright for women in Finance
There are numerous reasons to feel optimistic about the future of the financial industry. Several initiatives are in place to boost the number of women in the finance sector and assist them in achieving senior positions.

One of these initiatives is the Women Entrepreneurs Finance Initiative (We-Fi) which is a partnership with the World Bank Group and 14 governments. We-Fi assists women-led businesses in developing nations by providing financial assistance and support.

"This is an excellent initiative as it provides women with access to the tools they need to establish and grow their business," Farsiar said. Farnoush Farsiar It also allows them to create networks and connect with other successful women.

The Women in Finance Charter, launched by the U.K. in 2016, is another initiative. Financial firms have committed to gender diversity through the Women in Finance Charter.

Farsiar hails "The Women in Finance Charter as a significant step in the right direction." "It is encouraging financial institutions to act on gender diversification, and it is creating a positive change."

Women can now enter senior positions through initiatives like We-Fi and Women in Finance Charter. This is good news for both women and the financial sector.



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