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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through the barriers to achieve huge success across a wide range of industries. However, there are very few women working in finance. Unfortunately, this may not see a significant change in the near future.

According to Deloitte Insights that by 2030 only 31 percent of employees in the financial sector will be women. This raises the question as to why there aren't more women in the field of finance. There are a myriad of theories on the internet but we wanted learn from an expert on the subject. Farnoush Farnoush is a committed finance professional and advocate for women's empowerment.

Are there women working in finance?

In the U.S., 57% are women, however, they have just 24% of financial jobs. This is expected to rise to 28% over the next 10 years from 24% in 2021. However, it's still well below the average.

It's not an issue only for women. Farnoush Farsiar is of the opinion that it's a problem that affects the economy. https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Farsiar noted that leadership teams with diverse perspectives have better results than teams that have fewer perspectives. "So it's crucial that women are working in these fields. This is also important to the country in general.

There are a number of theories on the reason women aren't represented in the financial sector. One theory suggests that the market for financial services is too competitive and male-dominated for women to break into. Farnoush Farsiar Another theory is that women aren't encouraged to take up careers in finance, either by their parents , or their peers.

Farsiar believes the source of the issue is the way women are raised at a young age. "Women learn from an early age to be take care of others, not risk takers. "We are taught to play cautiously and avoid taking risks. That's not the best method to pursue an investment career.

It's not enough that women are trained to be caretakers. They're also socialized as people-pleasers. Farsiar said that women were taught to be courteous. "But in finance it is essential to be prepared and willing to speak up for yourself. You need to be able to defend your personal ideas."

Farsiar Questions Where are the female finance professionals?
At the top of the financial industry there is a significant lack of women. According to a study by Pew Researchers only 10% of the positions are employed by women in top executive positions. In addition, they only hold 11.5 percent of the seats on the boards of financial firms.

This imbalance has real-world implications for women in finance. https://www.tumgir.com/farnoush-farsiar8dddbb11 This is due to the fact that women are more likely not to be promoted than male counterparts and are also more likely to quit the field.

The good news? Women are slowly but surely becoming more senior. Farnoush Farsiar believes this partly due to the #womenshould movement which has brought awareness to the lack of diversity. Farsiar says she is certain that the #MeToo campaign also produced a profound impact. Women are beginning to get their voices heard and are demanding change."

The obstacles for women who want to pursue finance
Many obstacles hinder women from pursuing finance careers. One of the largest obstacles is the lack of role models. It is lonely for women in finance, to be the only woman in their field.

Farsiar explained that being the only woman in a room can be quite intimidating. "You feel expected to be flawless at all times and that there can't be any mistakes."

Farnoush Farsiar Another issue is the boys' club mentality, which still exists in the majority of financial companies. This is the belief that men are the ones who promote women and women are left out.

"There's plenty of truth in that," Farsiar admits. "I've observed it myself. Even if the woman is a better candidate, even if she has greater qualifications, men still recommend other people.

This old boys' club mentality may also lead to discrimination and harassment sexually. Female finance professionals are often subjected ostracizing comments and unwanted advances from male colleagues.

"It's definitely an issue," Farnoush Farsiar exclaims. "Women in finance are typically treated as objects and it's difficult to get ahead when you're treated this way."

The last obstacle is the lack of flexible working arrangements. Family responsibilities are more common for women than men. Women require flexible work schedules to be able to manage work and home.

"Finance, being a complex field, can be difficult to handle when you have other responsibilities. Farnoush Farsiar Many women are forced to choose between their career or their family.

This makes obtaining senior posts in the financial services industry very difficult for females. There are however a number of initiatives that are working to overcome this.

Farnoush Farsiar is optimistic about the future of women working in finance.
There are many reasons to be optimistic about the future of women in finance. There are many initiatives aiming to increase the number of women employed in the financial industry and assist them in achieving senior posts.

Women Entrepreneurs Finance Initiative(We-Fi) is one of the initiatives. Farnoush Farsiar It's a partnership with World Bank Group and 14 countries. Farnoush Farsiar We-Fi helps women-owned businesses in the developing world by providing financing and support.

Farsiar declared, "This is an excellent initiative since it gives women access to resources that can aid them in starting and growing their businesses." "It can also help build networks and networks and also connect with other women who are successful."

Another initiative is the Women in Finance Charter. The initiative was initiated by the U.K. government in 2016. Financial firms have committed to gender diversity through the Women in Finance Charter.

Farsiar urges that "The Women in Finance Charter" is a huge move forward. It encourages financial institutions and other organizations to address gender diversity.

Women in Finance Charter and We-Fi have helped more women reach high-ranking positions. This is good news for women and the financial sector.



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