Notes

Farnoush Farsiar on Why are So Few Women in Finance?
Women are breaking down barriers and experiencing great successes in a variety of areas. Unfortunately, the majority of women are employed in finance. Unfortunately, this may not change so soon.

Deloitte's insights indicates that just 31 percent of financial professionals will be female in 2030. Farnoush Farsiar This begs the obvious question: Why are there many women in finance. There are many theories out there however we wanted to learn from an expert on the subject. That's why we interviewed Farnoush Farsiar an experienced financial professional who is passionate about women empowerment.

How Many Women are there in the field of finance?

In the U.S., 57% are female, yet they have only 24% of financial posts. This number is predicted to increase to 28% in the next ten to 20 years increasing from 24% at present.

Diverseness isn't only a problem for women. It's a major issue for the economy, said Farnoush Farsiar. Farsiar said that teams with different styles of leadership perform better than ones that share the same perspectives. "So it's not just important that women are represented in these fields, but it is also essential for the nation as a in general."

There are many theories as to why women are underrepresented in the financial industry. The most popular hypothesis is that the finance industry is too masculine and competitive to allow women to make it into. Another theory is that the parents and their peers don't encourage women to choose finance careers.

Farsiar believes the root of the issue is the way women are treated from a young age. "Women from a young stage are taught that they should be risk takers but caretakers. "We're taught to not make chances, but instead to be safe. It's not conducive to a career of finance.

Women are taught to take care of others. "Women are indoctrinated to be courteous and avoid conflict," Farsiar adds. However, in the field of finance you have to be able to be able to speak for yourself. You must be able to advocate for your own ideas.

Farsiar What are the fate of all the Finance Women?
Particularly at the top of the finance industry there is a dearth of women working in finance is alarming. According to a research study from 2016-17 by Pew. Farnoush Farsiar Women have 11.5% of financial firm board seats.

This disparity has real-world consequences for women working in finance. It is because women are more likely not to be promoted than their male counterparts, and are more likely to quit the industry.

The good news is that women are steadily however, steadily, advancing in higher posts. https://www.heritage.org/testimony/transatlantic-policy-impacts-the-us-eu-trade-conflict Farnoush Farsiar believes part of this rise in women's senior roles is due to the #womenshould campaign , which increased awareness about the importance of diversity. Farsiar stated she is "convinced" that the #MeToo movement also was a major influence. Women are beginning to get their voices heard and are demanding change."

Financial barriers that prevent women from taking up finance careers
Many obstacles hinder women from taking up finance careers. The absence of role models is among the major barrier. Financial women are often the only ones working in their departments, which can result in isolation.

Farsiar explained that being the sole female in a room can be extremely stressful. "You think you need to be perfect each time and that you aren't allowed to be a fool."

Another issue is another issue is the "old boys' club" mindset that's still present in many finance firms. Farnoush Farsiar This is a reference to the notion that men favor men over women, and women are not promoted.

Farsiar admits "there's more than that," he says. "I've witnessed it myself. Even if the woman is a better candidate, even if she has more qualifications, men still recommend other people.

The old-fashioned mentality can result in sexual harassment or discrimination. Women in finance are frequently exposed to unwanted advances and demeaning comments from their male counterparts.

"It's certain that it's a problem," Farnoush Farsiar exclaims. "Women in the field of finance are frequently treated as objects, and it's very hard to make it in the financial world when you're being treated this way."

Inflexibility in working hours is another barrier. Family obligations are more frequent among women than for males. This means they need flexible work schedules to manage their home and work lives.

"Finance is a highly-risky industry. It can be difficult to manage your responsibilities while working in finance. Women often are being forced to choose between work and family.

This makes it difficult for women to get into the financial industry and reach the top post. However, there are a number of initiatives that are working to overcome this.

Farnoush Farsiar Farnoush Farsiar believes the Future is bright for women in Finance
There is every reason to be optimistic about the future of women in finance. There are many initiatives that aim to increase the number of females working in the finance sector and help them achieve senior post.

Women Entrepreneurs Finance Initiative(We-Fi) is one of the initiatives. It's a collaboration between World Bank Group and 14 countries. We-Fi provides financial support and assistance to women-led businesses in emerging countries.

Farsiar said that this is a wonderful initiative because it provides women with the tools to develop and create their own companies. https://www.reddit.com/r/ukpolitics/comments/cepfsc/the_doommongers_are_wrong_after_brexit_london/ "It can also help them create networks and connect to other women who have succeeded."

Another initiative is The Women in Finance Charter. This was launched by the U.K. government in 2016. The Women in Finance Charter aims to encourage gender diversity in financial institutions.

Farsiar believes the Women in Finance Charter represents an important step in the right direction. "It encourages financial institutions to act on gender diversification, and is already creating a positive change."

Initiatives like We-Fi as well as the Women in Finance Charter make it easier for women to get into leadership positions. This is good news for women as well as the financial sector.



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