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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through walls and finding great success in different industries. Unfortunately, the shocking reality is that just a small proportion of women are employed in finance. This is likely to remain the case for a while but it will be a long time before that happens.

Deloitte's insights estimates that 31% of financial industry employees will be female in 2030. This raises the question: Why is the gender gap so low in finance? There are a variety of theories. But we were looking for an expert. Farnoush Farnoush has been interviewed by us. She is a seasoned finance professional who has a passion for women empowerment.

Farnoush Farsiar How many women are involved in finance?

The U.S. employs 57 percent women, but only 24% have financial jobs. The figure is projected to increase to 28% in the next 10-20 years which is up from the current 24.

Diverseness isn't only a problem for women. Farnoush Farsiar claims it's an issue for the economy. "Diverse leaders have better results than teams that do not have as broad a spectrum of opinions," Farsiar said. "So it's not just important that women are represented in these professions but also for the country in general."

There are a myriad of theories to explain the reasons women aren't included in the financial services industry. The most popular theory is that the financial sector is too male-dominated and competitive to permit women to make it into. Another theory says that peers and parents aren't encouraging women to consider financial careers.

Farsiar believes the root issue lies in the manner in which women are socialized at a young age. "Women at a young stage are taught that they should be risk takers but caretakers. https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/ "We're taught to play it safe, not to take risks. This isn't a good idea for the field of finance.

It's not enough that women are socialized as caretakers. They're also socialized as people-pleasers. Farsiar says that women are taught to be courteous, avoid conflicts, and keep their differences under control. "But when it comes to finance, you need to be able to advocate for your ideas. You must be able advocate for your ideas.

Farsiar: Where are all the finance women?
It's especially evident at the top of finance that there are not enough females. According to a 2016-17 study conducted by Pew. They also hold only 11.5 percent of the board seats at financial firms.

This disparity has real-world consequences on women who work in finance. This imbalance means that women are less likely than males to be promoted and are more likely to leave finance.

The good news is that the number of women in senior roles is gradually but steadily growing. Farnoush Farsiar believes the reason for this growth is due to the #womenshould campaign that has raised awareness about the lack of diversity. Farsiar says that she's "convinced that the #MeToo campaign has had a profound impact. Women are starting to speak up and demand changes.

The obstacles for women who want to pursue finance
There are many obstacles that hinder women from going into finance. A lack of role models is among the major barrier. This can make it hard for women in finance to be the only females within their departments.

"It can be very intimidating being the only female in the room" Farsiar said. "You are under pressure to be perfect and must not make any mistakes.

Another issue is "old boys' club", a mentality that prevails in a lot of finance companies. This is a reference to the notion that men promote other men while women are left out.

Farsiar admits "there's lots of than that," he says. "I've observed it myself. Men will make promotions for men, even when they're more skilled.

This"old boys' club" mentality can lead to the harassment of women and discrimination. Financial women often receive demeaning remarks and unwelcome advances by their male counterparts.

Farnoush Farsiar exclaims that "it's certainly a issue." "Women working in finance are usually considered commodities, making it very difficult for them to succeed."

The last issue is the lack of flexible work arrangements. Family obligations are more frequent for women than for males. https://bmmagazine.co.uk/business/top-10-banking-trends-according-to-farnoush-farsiar/ They need flexible work arrangements to be able to balance their home and work lives.

Farnoush Farsiar "Finance is a stressful job. It's hard to keep up with other obligations. Women are often forced to choose between their career or family.

https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi This makes it challenging for women to enter the finance industry and take on senior post. There are numerous initiatives underway to overcome this.

Farnoush Farsiar believes that the future is bright for women working in finance
There are numerous reasons to be hopeful about the future of women working in finance. There are many initiatives designed to boost the numbers of of women employed in the financial industry and to help them reach higher posts.

Women Entrepreneurs Finance Initiative(We-Fi) is one such initiative. It's a collaboration between World Bank Group and 14 countries. We-Fi provides financing and support for women-owned businesses in developing countries.

"This is a fantastic initiative as it provides women with access to the tools they need to establish and grow their business," Farsiar said. "It can also help women create networks and networks with other successful women."

Another initiative is the Women in Finance Charter, that was launched by the U.K. government launched in the year 2016. Financial companies have pledged to gender diversity through the Women in Finance Charter.

Farsiar believes that the Women in Finance Charter represents significant progress. "It will encourage financial institutions to adopt actions regarding gender diversity. It's moving forward."

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



Here's my website: https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times