Notes

Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking through barriers and becoming powerful leaders in various sectors. It is a sad fact, but women only make up a tiny percentage of financial professionals. This may not change anytime soon but it will be a long time before that happens.

According to Deloitte Insights, in 2030, only 31 percent of employees in the financial sector will be women. This begs the obvious question: Why are there many women in finance. There are many theories out there however we wanted to hear from an expert on the matter. Farnoush Farnoush an accomplished finance professional who is devoted to women's empowerment was the reason we interviewed her.

What percentage of women are working in finance?

In the U.S., women make up 57% of the workforce, but they have only 24 percent of the financial positions. It is predicted that this figure will increase to 28% within the next ten-years, from 24% in 2021. Farnoush Farsiar But it still falls way short of parity.

Diversity isn't just a problem for women. Farnoush Farsiar said that it's also a major issue in the economy. Farsiar said that teams with different styles of leadership perform better than those that share the same viewpoints. "So it's essential that women are represented in these occupations. https://www.anochords.org/farnoush-farsiar-why-are-so-few-women-in-finance/ It's also crucial for the nation."

There are many theories on the reasons why women in the financial industry aren't represented. One hypothesis is that the financial sector is too male-dominated and competitive for women to make it into. Another theory suggests that financial careers are discouraged from women by their peers or parents.

Farsiar believes that women's exposure to socialization from an early age is the source of the issue. "Women are taught at a young age that they should be risk-takers and not caretakers. "We are taught not to make a risk, but rather to be safe. Farnoush Farsiar This isn't the most effective approach to pursue the field of finance.

It's not only that women are socialized to be caregivers; they're also socialized to be nice to people. https://professionalparaplanner.co.uk/tag/advice-threat/ Farsiar states that women are taught to be polite and avoid conflict. "But you have to be able to advocate for your own financial ideas. You must be able to to advocate for your ideas.

Farsiar asks where are all the women working in finance?
The dearth of women working in finance is particularly apparent at the top levels of the business. Women hold just about only 10% of executive-level jobs according to a research study by Pew Research. Women hold 11.5 percent of the financial company board seats.

This disparity has real-world implications for women in finance. This imbalance means that women are more likely than men to be promoted, and are more likely to leave the finance industry.

The good news? Women are slowly but surely becoming more senior. Farnoush Farsiar believes that this is partly due to the #womenshould campaign which has led to a greater awareness of the absence of diversity. Farsiar says that she is "convinced that the #MeToo movement has had a profound impact. Women are speaking up to demand change.

The obstacles women face when trying to get into the world of finance
There are numerous barriers preventing women from getting into financial services. The lack of role models is just one of the biggest hurdles. Women in finance are often the only female within their field and this can make them feel isolated.

Farsiar acknowledged that it's scary to be the sole woman in the room. Farnoush Farsiar "You feel expected to be flawless in all situations and there should be no errors."

Another barrier is "old boys' club" This mentality prevails in a lot of finance companies. This is the belief that men are better than women and that they should encourage one another.

Farsiar acknowledges "there is a lot of truth in this." "I've seen it happen myself. Men will be arousing to other men, even when the woman is better qualified.

This"old boys' club" mentality can result in harassment and discrimination. Female finance professionals are often targeted for ostracizing remarks or unwanted advances by male colleagues.

Farnoush Farsiar Farnoush Farsiar declares, "It's certain that there is a problem." "Women working in finance are often treated as commodities, making it very difficult for them to be successful."

The last issue is the absence of flexible working hours. Family obligations are more prevalent for women than for males. https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/ These women need flexible working arrangements in order to balance work and home.

"Finance is a very complex industry, is hard to manage when you have other responsibilities. Women are often being forced to choose between work and family.

These barriers make achieving senior posts in the financial services sector very difficult for women. There are numerous initiatives to combat this problem.

Farnoush Farsiar believes that the future is bright for women working in finance.
https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi There's plenty of reason to believe in the future of women working in finance. Numerous initiatives have been taken to boost the number of women employed in finance and assist them to reach higher positions.

One of these initiatives is 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 funding and assistance.

Farsiar explained, "This initiative is great because it gives women access the tools they require to begin and expand businesses." "It also helps women build networks and networks with other women who have succeeded."

The Women in Finance Charter, introduced by the U.K. in 2016, is a different initiative. The Women in Finance Charter represents a commitment made by financial companies to promote gender diversity.

Farsiar lauds "The Women in Finance Charter as a major step forward." "It is encouraging financial institutions to act regarding gender diversity and it is creating a positive change."

With initiatives like We-Fi as well as the Women in Finance Charter, more women get to enter and reach senior positions. This is good news, for both women as well as the financial sector.


Farnoush Farsiar
Website: https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653