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Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking down the barriers and reaching huge success across a wide range of fields. The sad truth is, however, that women still make up a small percentage of finance professionals. It's likely that this trend won't be changing anytime soon.

Deloitte's insight reports that by 2030 only 31 percent will be female employees in the financial sector. This raises the issue as to why there aren't more women working in the field of finance. There are many theories. We wanted to learn more from an expert. Farnoush Farnoush was interviewed by us. She is a seasoned financial professional who is a passionate advocate about women's empowerment.

Are there any women in finance?

The U.S. is home to 57% of the workforce. However there are only 24% of the financial jobs. The projected growth in women's participation will be 28% over the next ten and which is up from 24% in 2021. It's still much less than the parity.

It's not an issue just for women. It's also a problem in the business world, according to Farnoush Farsiar. Farsiar noted that teams that have diverse leadership styles are more effective than those with fewer perspectives. "So it's crucial to have females in these positions. It's also essential to the country in general.

There are many theories about the reasons why women in the finance industry aren't as well represented. https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ One theory is that the industry of finance is too male-dominated, competitive and challenging for women to enter. Another theory is that their parents and their peers discourage women from pursuing finance careers.

Farsiar believes the root of the issue is how women are socialized from a young age. Women are raised to take care of their children and take responsibility for their security. "We are taught to stay safe and to not risk it all. This isn't the most effective method to pursue a career in finance.

It's much more than being socialized to take care of their children. Women also learn to be kind to people. "Women are indoctrinated to be courteous and reduce conflicts," Farsiar adds. However, in the field of finance, you must be able be able to speak for yourself. You need to be able to advocate for your 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 business. According to a study conducted by Pew Researchers only 10% are females in senior executive posts. Just 11.5 percent of women sit on the top financial boards.

This disparity has real-world consequences for women in finance. They are more likely that their male counterparts will be promoted and are more likely to leave the profession.

The good news is the rise in women who hold the top positions is slow but steady. Farnoush Farsiar believes it is because of the #womenshould campaign, which has created a greater awareness of the issue of the lack of diversity. Farsiar states that she's "convinced that the #MeToo movement also had an incredible impact. Women are speaking up to demand change.

Financial barriers that prevent women from pursuing careers in finance
Many obstacles hinder women from going into finance. One of the biggest barriers is the lack of role models. Women working in finance are usually the only women within their field and can lead to isolation.

Farsiar admitted that it's a bit difficult to be the sole female present in the room. "You feel like you're expected to be perfect all of every moment, and that you shouldn't be able to make any mistakes."

Another issue is another one is the "old guys"club" mindset that exists in a lot of finance companies. Farnoush Farsiar This is a belief system in that men support other females and men are not allowed to join.

Farsiar admitsthat "There's lots of truth to this." Farnoush Farsiar "I've observed it in person. Men are always promoting women, even if they have more experience.

This"old-boys' club" mentality can lead to sexual harassment and discrimination. Finance women are usually subject to unwelcome advances and humiliating remarks from their male counterparts.

"It's definitely an issue," Farnoush Farsiar exclaims. "Women in Finance are often considered to be objects. It's tough to advance when you're treated in this manner."

Farnoush Farsiar The last obstacle is the lack of flexible working arrangements. Family obligations are more prevalent for women than for males. Women need flexible work arrangements in order to balance work and family.

"Finance has a high-stakes business. It can be difficult to manage your responsibilities while working in the finance industry. Women are often forced to choose between their work and family."

This makes it very difficult for women working in the financial sector to attain high-ranking posts. However, there are many initiatives being implemented to improve this.

Farnoush Farsiar is optimistic about the future of women in finance
There are many reasons to be hopeful about the future of women in finance. A variety of initiatives are working to increase the number of women in the financial industry and to help them reach senior positions.

One such initiative, Women Entrepreneurs Finance Initiative is a partnership with the World Bank Group with 14 governments. Farnoush Farsiar We-Fi provides financial support and assistance to women-led enterprises in developing countries.

Farsiar said, "This is an excellent initiative as it provides women with access to resources that will help them start and grow their businesses." "It will also assist in building networks and networks and also make connections with other women who have made it successful."

Another initiative is The Women in Finance Charter. Farnoush Farsiar Farnoush Farsiar The initiative was initiated by the U.K. government in 2016. The Women in Finance Charter promotes gender diversity.

Farnoush Farsiar Farsiar praises "The Women in Finance Charter as a great step forward." "It encourages financial institutions to act in the direction of gender diversity, and it is making a difference."

Women are more likely to be promoted and get the chance to work in senior financial positions thanks initiatives like We-Fi. This is a great thing for women as well as the financial industry.


Farnoush Farsiar
Website: https://docs.house.gov/meetings/FA/FA14/20190626/109716/HHRG-116-FA14-Wstate-BromundT-20190626.pdf