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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking down the barriers and achieving great success across a variety of industries. However, the sad truth is that only a tiny proportion of women are employed in finance. It's not likely to change, unfortunately.

Deloitte Web Insights shows that only 31 percent of the financial sector's workers will be female by 2030. This raises the question: Why are there many women in finance. There are a variety of theories. We wanted to hear more from an expert. That's why we interviewed Farnoush Farsiar an accomplished financial professional who is a firm believer in women's empowerment.

Are there women in finance?

In the U.S., 57 percent are women, however, they hold only 24% of financial posts. It is anticipated that this figure will increase to 28% in the next 10 years, compared to 24% in 2021. However, it is well short of the parity.

Diverseness isn't only an issue for women. Farnoush Farsiar said that diversity can be an issue for economic growth. Farsiar said that diverse leadership teams are more effective than those that have less perspectives. "So it's not just important for women to be involved in these fields; it's also critical for the country in general."

There are a myriad of theories to explain why women aren't represented in the financial industry. One theory is that the financial industry is simply too male-dominated and competitive for women to break into. Another theory is that parents and peers discourage women from pursuing career paths in finance.

Farsiar believes that the source of issue lies in the ways women are socialized in their youth. Women are raised to take care of their children and take responsibility for their security. "We're taught to play safe, not to take risks. This doesn't help being a successful career financially.

It's not enough that women are trained to be caretakers. They're also taught to be people-pleasers. "Women are indoctrinated to be courteous and reduce conflict," Farsiar adds. "But you need to be able advocate for your own ideas in finance. You must be able to advocate for your own ideas.

Farsiar - Where is all of the women in finance and accounting?
At the top of the financial sector women are disproportionately underrepresented. http://www.koyomi.vis.ne.jp/wiki/index.php?farnoush.farsiar1gaacc11 According to a report by Pew Researchers just 10% are held by women in senior executive post. They also hold only 11.5% of the board seats in financial firms.

This inequality has a direct impact on women working as finance professionals. Women are less likely that their male counterparts will be promoted and are more likely leave the industry.

It's great to know that there is an increasing number of women in high-level roles. Farnoush Farsiar believes this partly due to the #womenshould movement which raised awareness of the dearth of diversity. Farsiar claims that she is convinced that the #MeToo campaign also produced a profound impact. Women are now more vocal and demanding change.

Farnoush Farsiar Women who pursue finance face obstacles
There are many obstacles that prevent women from entering financial services. Lack of role models is among of the most significant obstacles for women getting into finance. Farnoush Farsiar Finance women often are the only woman working in their industry, which can prove to be lonely.

"It can be really intimidating to be the sole female in the room" Farsiar said. "You are convinced that you need to be flawless every time and you can't make mistakes."

Another issue is the "old boys club" mentality that is still prevalent in many finance companies. This refers to the notion that men favor women over other men, while women are excluded.

Farsiar admits "there is a lot of truth in this." "I've observed it in person. https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/ Men will be arousing to other men, even when they are better equipped.

This"old-boys' club" mentality can also lead to discrimination and harassment of women. Female professionals in finance are often confronted with ostracizing remarks and unwelcome advances by male colleagues.

Farnoush Farsiar says, "It is certain that it is a problem." "Women in Finance are usually treated like objects. It's difficult to make progress in a world where you're treated like a commodity."

The other issue is the difficulty in finding flexible working arrangements. Females are more likely have family responsibilities than men, such as caring after elderly parents or their children. They require flexible work schedules to be able to balance their home and work lives.

"Finance is a very complex business, is difficult to handle when you have additional responsibilities. Women often have to choose between their work and family.

Farnoush Farsiar This makes it challenging for women to get into the financial industry and to hold high-level posts. There are a variety of initiatives that are being implemented to address this.

Farnoush Farsiar believes the Future is bright for women in Finance.
There are many reasons to feel optimistic about the future financial industry. A number of initiatives are being taken to increase women's involvement in the financial market, and to help women in their quest for senior roles.

Women Entrepreneurs Finance Initiative(We-Fi) is one of the initiatives. It's a partnership between World Bank Group and 14 countries. We-Fi helps women-owned businesses in the developing world by providing financing and support.

Farsiar said, "This is an excellent initiative because it allows women access to the resources they need to assist them in starting and expanding their businesses." Farnoush Farsiar "It also helps women build networks and networks with other women who are successful."

Another initiative is the Women in Finance Charter. The U.K. government launched it in the year 2016. The Women in Finance Charter encourages gender diversity.

Farsiar believes that the Women in Finance Charter represents a significant step forward. It encourages financial firms and other organizations to address gender diversity.

Women are more likely to get promoted and are more likely to hold senior financial positions thanks initiatives like We-Fi. This is good news, for both women as well as the financial sector.



My Website: https://www.crunchbase.com/person/farnoush-farsiar