Notes

Farnoush Farsiar - Why are there so few women working in finance?
Women are increasingly breaking down barriers and enjoying amazing success in many sectors. The sad reality though is that the number of women employed in finance remains astonishedly small. This is a sad fact that won't be changing anytime soon.

Deloitte Web Insights indicates that just 31 percent of workers in the financial industry will be female by 2030. This begs the obvious question: why are there such a low number of women working in finance. There are many theories, we wanted hear the opinions of an expert. Farnoush Farsiar Farnoush Farnoush is a passionate financial professional who is a champion for women's empowerment.

What proportion of women are employed in finance?

The U.S. has 57 percent females in the workforce however only 24% financial jobs. The expected increase in women's participation is 28 percent over the next ten years which is rising from 24% by 2021. This is still far short of parity.

This isn't just a matter facing women. Farnoush Farsiar claims it's also a threat to the economy. Farsiar stated that leadership teams with diverse perspectives have more impact than teams that have less perspectives. "So it's important that women are included in these positions. It's also crucial for the country."

Farnoush Farsiar There are numerous theories that explain the reasons women aren't included in the financial industry. The most popular hypothesis is that the financial industry is too masculine and competitive for women to break in. A different theory suggests that parents and their peers dissuade women from taking on career paths in finance.

Farnoush Farsiar Farsiar believes that women's socialization at an early age is the source of the issue. "Women from an early stage are taught that they should be risk takers, but caretakers. "We are taught to be cautiously and avoid taking risks. This isn't a good idea for a career of finance.

Women are socialized to be caring for one another. Farsiar explains that women are indoctrinated as friendly and to avoid conflict. "But in the world of finance, you need to be capable of standing up for yourself. It is crucial to be able to defend your personal ideas.

Farsiar Questions Where are the female finance professionals?
Women are underrepresented in finance at most senior levels. According to a 2016-17 study conducted by Pew. There are only 11.5 percent of women are on the top boards of financial companies.

This is a real-world issue for women working in finance. This is why women are more likely than men to be promoted and more likely to leave the finance industry.

The good news is that women are gradually, but steadily becoming more senior. Farnoush Farsiar believes this partly because of the #womenshould campaign which has brought awareness to the lack of diversity. Farsiar believes that #MeToo has had a profound influence on her life. Women are speaking out to demand change.

Women who pursue finance face obstacles
There are many barriers preventing women from getting into the world of finance. One of the biggest issues is the lack of role models. Finance women are typically the only women working in their field, which can prove to be lonely.

Farsiar stated that it's daunting to be the only female in the room. "You are convinced that you need to be perfect every time and that you aren't allowed to be a fool."

Another obstacle is the "old boys"club" mindset that persists in many finance firms. This is a reference to the idea that men are the ones who promote women and women are left out.

Farsiar acknowledges that "there's lots of real," he says. "I have seen it happen in person. Even if the woman has higher qualifications, men are still able to promote others.

This old boys' mentality could lead to sexual harassment and discrimination. Many male colleagues in finance frequently make demeaning comments to women and make unwelcome advances.

Farnoush Farsiar declares, "It's definitely an issue." "Women who work in finance are typically treated as commodities, making it extremely difficult for them to succeed."

The last issue is the lack of flexible working arrangements. Women tend to be more likely to have family responsibilities like caring for parents who are elderly and children. They require flexible working arrangements to be able to balance their home and work.

"Finance is a very stressful industry, and it's hard to manage the demands of your job with other obligations. Women are often forced to make a choice between their career as well as their family.

These barriers make it extremely difficult for women in the financial industry to reach higher-level positions. Farnoush Farsiar There are a variety of initiatives being taken to remedy this.

Farnoush Farsiar believes the Future is Bright For Women in Finance.
There are plenty of positive reasons to believe in women's future in finance. A number of initiatives are being taken to increase women's participation in the finance market, and to help women as they pursue higher-level positions.

One example of such an initiative is the Women Entrepreneurs Finance Initiative A partnership that is formed between 14 governments and the World Bank Group. We-Fi is an investment and support program specifically designed for women-led companies in developing economies.

Farnoush Farsiar Farsiar said, "This is an excellent initiative as it provides women with access to resources that can help them start and grow their business." "It will also assist in building networks and networks and also connect with other women who are successful."

A different initiative is the Women in Finance Charter, that was launched by the U.K. government launched in 2016. The Women in Finance Charter is a commitment by financial firms to promote gender diversity.

Farsiar believes the Women in Finance Charter represents an important step in the right direction. "It is encouraging financial institutions to work in the direction of gender diversity, and is already making a difference."

Women are more likely to be promoted and have the opportunity to be employed in high-level financial positions thanks initiatives like We-Fi. This is good news for both the women and financial sectors.



Website: http://www.clacker.com.au/index.php?page=user&action=pub_profile&id=671552