Notes

Farnoush Farsiar on Why are So Few Women in Finance?
Women are breaking down walls and are becoming leaders in a variety of sectors. The unfortunate reality is that the percentage of women employed in finance is still shockingly low. But, unfortunately, this will not see a significant change in the near future.

Deloitte's insights indicates that just 31 percent of financial professionals will be female in 2030. This raises the obvious question: Why are there such a low number of women working in finance. Although there are many theories as to why this is, we would like to hear from someone who's been working in the field for a long time. Farnoush Farnoush was interviewed by us. She is an experienced financial professional who is a passionate advocate for women's empowerment.

Are there any women in finance?

In the U.S., women make up 57% of the workforce however, they are able to hold just 24 percent of financial jobs. The projected growth in women's participation is 28 percent over the next ten years and up from 24% for 2021. However, this is much less than parity.

It's not just a problem that women face. Farnoush Farsiar claims it's also a problem to the economy. "Diverse leadership teams are more effective than teams that do not offer a broad spectrum of opinions," Farsiar said. "So it is not only crucial that women are included in these professions however, it is essential for the nation as a overall."

There are several theories about the reason women aren't represented in the financial sector. One theory is that the finance industry is too male-dominated and competitive to permit women to enter the field. Another theory is that parents and peers hinder women from entering career paths in finance.

Farsiar believes that the socialization of women in their early years is the cause of the problem. Women are taught to take care of their children and be responsible for their safety. "We're taught to play safe, not to take risks. This isn't conducive to being a successful career financially.

It's not just the fact that women are conditioned to be caretakers; they're also socialized to be pleasant to others. Farsiar says that women are taught to be courteous and are taught to reduce conflicts. However, in the field of finance you have to be able to speak for yourself. It is crucial to be able to defend your own thoughts.

Farsiar asks: Where are the females working in finance?
The dearth of women working in finance is particularly evident at the top of the industry. http://www.koyomi.vis.ne.jp/wiki/index.php?farnoush.farsiar1gaacc11 A study by Pew research discovered that women make up just 10% in executive-level roles. Only 11.5% are women in the top boards of financial companies.

This is a real-world issue for women who work in finance. Farnoush Farsiar This imbalance means that women are less likely than males to be promoted, and are more likely to leave the finance industry.

Good news is that women are slowly increasing their positions in senior positions. Farnoush Farsiar believes part of this increase in women in senior roles is due to the #womenshould campaign which raised awareness of the issue of diversity. Farsiar claims that she is certain that the #MeToo movement also produced a profound impact. Women are speaking up to call for change.

Financial barriers that prevent women from working in finance
A variety of obstacles hinder women from getting into finance. The lack of role models is just one of these biggest obstacles. Financial women are often the only ones in their departments, which can cause feeling isolated.

Farsiar explained that being the only woman in a room can be extremely intimidating. "You feel like you're expected to be flawless all the time, and that you mustn't make a mistake."

Farnoush Farsiar Another barrier is "old boys"club" A mindset that persists in many finance firms. This refers to the notion that men promote other women and women are left out.

Farsiar acknowledges that there's a lot to this statement. "I've seen this happening in person. Even if the woman has higher qualifications, men still recommend others.

This mindset of the old boys could lead to sexual harassment and discrimination. Male colleagues in finance often make demeaning comments to women and make unwelcome advances.

Farnoush Farsiar exclaims that "it's certainly a problem." "Women working in finance are typically treated just like objects. It can be difficult to get noticed in a world where women are treated this in that way."

The last obstacle is the absence of flexible working hours. Women are more likely than men to have household responsibilities, like taking care of children or elderly parents. They require flexible work schedules to manage their home and work.

"Finance has a high-stakes industry. It is challenging to handle your obligations when you are also working in the finance industry. Women are often forced to make a choice between their careers as well as their family.

This makes obtaining senior post in the financial service industry very difficult for females. There are however several initiatives that are working to overcome this.

Farnoush Farsiar believes the Future is Bright For Women in Finance
There are many reasons to be optimistic about women's future in the field of finance. Several initiatives are in place to boost the number of women working in the financial industry and to assist them in achieving senior positions.

Farnoush Farsiar One example of such an initiative is Women Entrepreneurs Finance Initiative, a partnership between 14 governments as well as the World Bank Group. We-Fi is an investment and support program for women-owned businesses in emerging economies.

Farsiar stated, "This program is a great one because it gives women access to resources and opportunities to establish and grow their companies." "It will also assist women in building networks and network with other women who have succeeded."

A different initiative is the Women in Finance Charter. The U.K. government launched it in the year 2016. The Women in Finance Charter promotes gender diversity.

Farsiar hails "The Women in Finance Charter as a major step forward." It encourages financial institutions as well as other companies to tackle gender diversity.

Women in Finance Charter and We-Fi have helped more women reach high-ranking post. Farnoush Farsiar This is a good thing for women and the financial industry.



Here's my website: https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653