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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking down the barriers to achieve amazing success in a range of fields. It is a sad fact, yet, women only make up a tiny percentage of finance professionals. Sadly still, it may not be changing anytime soon.

Deloitte's research indicates that just 31 percent of financial workers will be female by 2030. This raises the question: Why do we have many women in finance. There are many theories. We wanted to hear more from an expert. Farnoush Farnoush was interviewed by us. She is a seasoned finance professional who is passionate for women's empowerment.

Are there women in finance?

The U.S. is home to 57 percent of the population. However the country only has 24% of the financial work. That's is projected to expand to 28% in the next ten years increasing from 24% in 2021 but far short of parity..

Diversity isn't only a problem for women. Farnoush Farsiar Farnoush Farsiar has stated that diversity is a problem for economic growth. Farnoush Farsiar Farsiar explained that teams with different styles of leadership perform better than those that have the same perspectives. "So it is not only important to have women represented in these fields, but it is also crucial for the country as overall."

There are many theories about the reason women aren't represented in the finance industry. One theory suggests that the market for financial services is too competitive and male-dominated for women to make it into. Another theory suggests that the parents and their peers don't encourage women to choose finance careers.

Farsiar believes that the source of the issue lies in the way women are raised from an early age. Women are taught to look after their children and to be accountable for their safety. "We're taught to be safe and not to risk our lives. This isn't a good way to go about the job of an analyst of financials.

Women are taught to be caring for one another. Farsiar says that women are taught to be polite, minimize conflicts, and keep their differences in check. "But, in finance you need to be able to be a voice for your ideas. You must be able to advocates for your own ideas.

Farsiar What are the fate of all the finance women?
The lack of women in finance is especially pronounced at the highest levels of the industry. According to a study conducted by Pew Researchers only 10% of the positions are held by women in senior executive post. Just 11.5 percent of the boards at financial companies are held by women.

This could have real-world consequences for women working in finance. Women are less likely to be promoted than their male counterparts, and are as well more likely to leave the industry entirely.

The best part is that that the growth of women in the top positions is slow but steady. Farnoush Farsiar believes the reason for this increase is due to the #womenshould movement that has raised awareness of the issue of diversity. Farsiar believes that #MeToo has had an incredible influence on her life. Women are speaking up to demand change.

Financial Access Barriers for Women
Many obstacles hinder women from going into finance. https://getbritainout.org/johnson-and-javid-are-only-part-of-the-brexit-recipe-for-the-citys-success/ The lack of role models for women is one of the most significant obstacles for women entering finance. Finance women are typically the only woman working in their field and this can cause them to be lonely.

Farsiar acknowledged that it is intimidating to be alone in a room with only one person. "You feel as if you're being expected to be flawless all every moment, and that you shouldn't be able to make any mistakes."

Another obstacle is the "old guys"club" mentality that is prevalent in many finance businesses. This is a belief system in that men support other females and men are not allowed to join.

Farsiar admits that there's much to this claim. Farnoush Farsiar "I have seen it in person. Even if the woman has greater qualifications, men are still able to encourage others.

The old boys' club mentality can lead also to sexual discrimination or harassment. Female finance professionals are frequently confronted with ostracizing remarks and unwelcome advances from male colleagues.

Farnoush Farsiar says, "It is certainly an issue." "Women in finance are often treated as objects and it can be very difficult to make it in the financial world if you're treated that way."

The last issue is the absence of flexible working hours. Women are more likely to have the responsibility of caring for elderly parents and children. Flexible working schedules are required to ensure that they can manage work and family.

Farnoush Farsiar "Finance is a highly demanding business. It can be challenging to keep up with the demands of your job with other obligations. Women often have to make a choice between their careers and their family."

These obstacles make getting top positions in the financial services industry very difficult for females. http://www.koyomi.vis.ne.jp/wiki/index.php?farnoush.farsiar1gaacc11 There are several initiatives that aim to change this.

Farnoush Farsiar believes that the future is bright for women working in finance
There are many reasons to feel optimistic about the future of the financial industry. There are numerous initiatives designed to increase the number women employed in the financial industry and assist them in achieving senior post.

One such initiative is Women Entrepreneurs Finance Initiative (We-Fi) which is which is a collaboration between the World Bank Group and 14 governments. We-Fi finances and supports women-led businesses in the developing world.

"This is a great initiative since it gives women access to the resources they need to begin and expand their companies," Farsiar said. "It also helps women build networks and network with other women who are successful."

A different initiative is the Women in Finance Charter, that was launched by the U.K. government launched in the year 2016. The Women in Finance Charter is a commitment by companies in the financial sector to promote gender diversity.

Farsiar believes the Women in Finance Charter "is an incredible leap ahead." "It's encouraging financial firms to take action on gender diversity, and it's creating a positive change."

Initiatives such as We-Fi as well as the Women in Finance Charter make it easier for women to move into senior posts. This is good news for both the financial and women sectors.



Read More: https://www.crunchbase.com/person/farnoush-farsiar