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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through barriers and reaching amazing success in a range of industries. Unfortunately, the shocking reality is that only a tiny percent of women work in finance. Sadly still, it may not see a significant change in the near future.

Deloitte insight estimates that 31% of the financial industry employees will be women by 2030. It begs the question "Why there aren't more women working in the finance industry?" There are many theories out on the internet but we wanted hear from an expert on the matter. Farnoush Farnoush has been interviewed by us. She is a highly experienced finance professional who has a passion for women empowerment.

Are there any women in finance?

https://getbritainout.org/johnson-and-javid-are-only-part-of-the-brexit-recipe-for-the-citys-success/ The U.S. is home to 57 percent of the working population. However the country only has 24% in financial jobs. This number is predicted to grow to 28% in the next ten to 20 years which is up from 24% at present.

It's not just a problem facing women. Farnoush Farsiar said that it's also a problem in the economy. "Diverse leaders have better results than ones that do not offer a broad range of viewpoints," Farsiar said. It is crucial for women to be represented in these fields. However, it's also essential for the nation.

Farnoush Farsiar Farnoush Farsiar There are many theories about the reasons women aren't represented in the financial industry. One theory suggests that the industry of finance is too male-dominated, competitive and difficult for women to get into. Another theory suggests that the parents and their peers do not encourage women to pursue finance careers.

Farsiar believes women's socialization from a young time is at the root of this problem. "Women are taught from a young age that they need to be risk-takers, not caregivers. "We are taught to not take risks, but to be safe. That's not a great way to lead to a career in finance."

Women are educated not just to take care of others, but also to please people. Farsiar said women were taught to be courteous. "But you have to be able to advocate for your own ideas in finance. It is essential to be able support your personal ideas.

Farsiar asks where are all the women in finance?
Women are underrepresented in finance, particularly at the highest levels. According to a study by Pew Researchers only 10% of finance jobs are employed by women in top executive post. Also, they hold just 11.5 percent of executive positions in financial companies.

This imbalance has real-world consequences for women working in finance. This means that women are more likely than males to be promoted and more likely to quit the finance sector.

It's great to know that there's increasing numbers of women working in senior posts. Farnoush Farsiar believes it is due in part to the #womenshould Campaignthat has brought about a greater awareness of the inequalities. Farsiar claimed she is "convinced" that the #MeToo Movement had an enormous impact. Women are speaking out to make a difference.

Women are unable to access financial aid because of their gender. from taking up finance careers
There are a number of barriers preventing women from getting into financial services. One of the biggest barriers is the absence of role models. This makes it challenging for women in finance to be the sole female in their respective departments.

"It is really scary being the only female in the room" Farsiar said. "You feel as if you're being expected to be perfect all of the time, and you're not allowed to make a mistake."

Another issue is the boys' club mentality, that is still prevalent in a lot of financial institutions. This is the belief in that men are the ones who encourage females and men are not allowed to join.

Farsiar acknowledges "There's lots of truth to this." "I've seen it happen firsthand. Men will promote other men, even if the woman is more qualified."

This"old boys' club" mentality can also result in discrimination and harassment of women. Female finance professionals are frequently subjected ostracizing comments and unwanted advances by male colleagues.

Farnoush Farsiar declares "It's certainly an issue." "Women in the field of finance are frequently treated like objects, and it's very difficult to get ahead when you're being treated like that."

The final obstacle is the inability to find flexible working arrangements. Females are more likely than males to be entrusted with family responsibilities, such as caring for children or elderly parents. To balance their home and work life they'll require flexible working arrangements.

Farnoush Farsiar "Finance is a stressful job. It can be difficult to balance other obligations. Women often have to make a choice between their careers and family."

These barriers make it hard for women to enter the financial industry and to hold senior positions. However, there are a few initiatives that can in overcoming this.

Farnoush Farsiar believes the Future is Bright For Women in Finance.
There are many reasons to be hopeful about the future of the financial industry. Numerous initiatives have been initiated to boost the number of women and reach the top of the financial industry.

One such initiative, Women Entrepreneurs Finance Initiative is a collaboration with the World Bank Group with 14 governments. We-Fi is an investment and support program specifically designed for women-led companies in developing economies.

Farsiar stated, "This program is a great one because it gives women access and the resources to start and grow their companies." Farnoush Farsiar "It can also help women create networks and networks with other women who are successful."

The Women in Finance Charter was another initiative the U.K. government launched in the year 2016. The Women in Finance Charter encourages gender diversity.

"The Women in Finance Charter is an important step in the right direction," Farsiar encourages. It encourages financial firms and other businesses to consider gender diversity.

Initiatives like We-Fi or the Women in Finance Charter make it easier for women to get into senior posts. This is good news for both the financial and female sectors.



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