Notes

Farnoush Farsiar - Why are there so few women working in finance?
Women are increasingly breaking down walls and finding great successes in a variety of industries. The sad reality is that only a tiny percent of women work in finance. This is a sad fact that won't change anytime soon.

Deloitte insight estimates that 31% of financial industry employees will be women in 2030. Farnoush Farsiar This raises the one-of-a-kind question: Why are there so little women working in finance? There are many theories, we decided to hear the opinions of an expert. Farnoush Farnoush an accomplished finance professional who is devoted to women empowerment was the reason we interviewed her.

What is the percentage of women working in finance?

The U.S. is home to 57 percent of the working population. But, they only hold 24% of the financial work. It is predicted that this number will rise to 28% over the next 10 years from 24% by 2021. However, it's still significantly below the national average.

Diverseness is not only an issue for women. Farnoush Farsiar said that diversity is also an issue for economic growth. Farsiar stated that diverse leadership teams are more effective than those with fewer viewpoints. "So it's essential that women are represented in these occupations. This is also essential for the nation."

There are many theories on the reason women aren't represented in the financial industry. One theory is that the finance industry is too masculine and competitive to permit women to make it into. Another theory states that careers in finance are discouraged from women by their parents or peers.

Farsiar believes that the source of problem lies in the manner in which women are socialized at a young age. "Women learn from an early age that they are caretakers, not risk-takers. "We are taught not to take risks, but to be safe. This isn't a good way to go about a career as an analyst of financials.

Women are socialized not only to care for others however, they also have to please people. "Women are taught to be courteous and avoid conflict," Farsiar adds. "But when it comes to finance, you need to be able to stand up for your own ideas. You need to be able advocate for your own ideas."

Farsiar asks where are all the female finance professionals?
Farnoush Farsiar Particularly at the top of the finance industry there is a dearth of women in the finance industry is alarming. According to a study conducted by Pew Researchers just 10% of finance jobs are employed by women in top executive posts. Women have 11.5 percent of the financial company board seats.

This is a real-world issue for women who work in finance. They are more likely to be promoted than their male counterparts will be promoted, and are more likely leave the industry.

The best part is that that the rise in women who hold senior positions is slow but steady. Farnoush Farsiar Farnoush Farsiar believes that this is in part due to the ##womenshould campaign, which has led to an increased awareness of the absence of diversity. Farsiar states that she believes that the #MeToo campaign also had a significant impact. Women are speaking out more and insisting on change.

The obstacles for women who want to pursue finance
There are many obstacles which prevent women from pursuing careers in finance. One of the main obstacles is the lack of role models. http://commonworld.info/user/Farnoush-Farsiar1jbbaa33/ Finance professionals are typically the only women in their department and this can make them feel isolated.

"It is really scary to be the only woman in the room," Farsiar said. "It feels like you have to be perfect every single day and that you shouldn't make any mistakes."

Another barrier is another one is the "old boys"club" mentality that still exists in a lot of finance companies. This is the idea that males favor men over women and women are not considered.

Farsiar acknowledges "There's a lot truth to this." "I've witnessed it myself. http://dslesskazka.ru/user/Farnoush-Farsiar3ibbbb11/ Men will promote other men, even if women are more skilled."

This old boys' mentality can lead sexual harassment and discrimination. Financial women often receive demeaning remarks and unwelcome advances made by their male colleagues.

Farnoush Farsiar exclaims that "it's certainly a problem." "Women working in finance are typically treated as objects, and it's very difficult to succeed when being treated that way."

Last but not least lastly, there's the issue of inflexible working arrangement. Family obligations are more prevalent for women than for men. To manage their family and professional lives, they will need flexible work schedules.

"Finance is a very challenging sector. It can be challenging to manage these demands when you have other responsibilities. Women often are being forced to choose between work and family.

These challenges make it extremely difficult to be an experienced financial professional in the senior level and get into the business. There are many initiatives to address this issue.

Farnoush Farsiar is optimistic about the future of women in finance.
There are many reasons to feel optimistic about the future of the financial industry. Numerous initiatives have been taken to increase the number of women who work in finance and assist women in achieving senior positions.

Women Entrepreneurs Finance Initiative(We-Fi) is one of the initiatives. It's a partnership with World Bank Group and 14 countries. We-Fi provides financing and assistance for women-owned enterprises in the developing countries.

"This is a fantastic initiative since it gives women access to the resources they require to start and grow their business," Farsiar said. It also allows them to establish networks and connect with other successful women.

The Women in Finance Charter was another initiative that the U.K. government launched in the year of 2016. Financial firms have committed to gender equality through the Women in Finance Charter.

Farsiar hails "The Women in Finance Charter as a major step forward." "It encourages financial firms to make changes to improve gender diversity, it's making strides."

Women are more likely to be promoted and have the opportunity to be employed in high-level financial positions due to initiatives such as We-Fi. This is a good thing for women and the financial sector.



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