Notes

Farnoush Farsiar: Why are so few women in finance?
Women are breaking through barriers and achieving great results in various industries. Unfortunately, only a few women work in finance. It's likely that this trend won't be changing anytime soon.

Deloitte insights reports that by 2030 only 31 percent of employees will be female employees in the financial sector. This begs the question "Why are so few women working in financial services?" There are numerous theories. But we were looking for an expert. Farnoush Farnoush a successful finance professional who is deeply committed to women's empowerment is the reason we sat down with her.

How many women are in finance?

The U.S. has 57 percent females in the workforce however, there are only 24% jobs in the financial sector. http://hawkee.com/profile/1635818/ That's is projected to expand to 28% over the next 10 years and up from 24% in 2021 - but still far short of parity..

Diverseness isn't only an issue for women. Farnoush Farsiar is of the opinion that it's an issue that has an impact on the economy. Farsiar pointed out that leadership teams with diverse perspectives perform better compared to those who have less perspectives. "So it's essential that women are in these roles. It's also important for the nation."

There are numerous theories that provide the reason women aren't being represented in the financial industry. One theory is that the financial sector is very male-dominated, competitive and difficult for women to enter. Another theory is that financial careers are discouraged from women by their peers or their parents.

Farsiar believes that the root of the issue lies in the way women are socialized from the age of a child. "Women are socialized from an early age to be caretakers , rather than risk-takers. "We're taught to be safe and not to take risks. This doesn't work for an enviable career in the financial.

It's not just the fact that women are taught to be caretakers They're also taught to be pleasant to others. Farsiar affirms that women are taught to be polite, reduce conflict and keep their differences in check. "But in finance it is crucial to be prepared and willing to speak up for yourself. It is important to be able to defend your personal ideas.

Farnoush Farsiar Farsiar Asks Where are all the women in finance?
At the highest levels of the financial industry, women are especially underrepresented. According to a study conducted in 2016-17 conducted by Pew. Women also hold only 11.5 percent of the board seats at financial companies.

This inequality has real-world effects on women who work in finance. This is because women are less likely to get promoted than their male counterparts, and are more likely to leave the field.

It is good to know that women are steadily however, steadily, advancing in higher positions. Farnoush Farsiar believes that this is due in part to the #womenshould campaign that has resulted in an increased awareness of the issue of diversity. Farsiar says she is certain that the #MeToo campaign had an extraordinary impact. Women are starting to speak up and demand changes.

There are obstacles for women pursuing finance.
There are many obstacles that hinder women from going into finance. One of the main obstacles is the absence of role models. It can be lonely for women in finance to be the only female in their field.

Farsiar admitted that it can be nerve-wracking to be the only female in the room. "You think you need to be perfect every time and you can't be a fool."

Another obstacle is "old boys"club" A mindset that persists in many finance firms. This refers to the idea that men favor men over women while women are not promoted.

Farnoush Farsiar Farsiar acknowledges "there is a lot of truth in this." "I've seen this happening firsthand. Men will make other men feel superior, even if women are more skilled."

This old boys' club attitude can lead to discrimination and harassment of women. Financial women often receive rude remarks and unwelcome advances made by their male colleagues.

"It's certainly a problem," Farnoush Farsiar exclaims. "Women working in finance are usually considered objects, and it's difficult to advance when you're treated this way."

The inability to work flexible hours is another issue. Women are more likely to take on the responsibility of taking care of elderly parents or children. This means that they require flexible work schedules to manage their work and home life.

"Finance is a very challenging sector. It can be challenging to manage these demands when you have other responsibilities. Women frequently have to pick between their careers as well as their family professions.

http://guriev.vimos.ru/user/Farnoush-Farsiar9iddbb11/ These obstacles make it very difficult to be a top financial professional and enter the industry. There are however a few initiatives that can help change this.

Farnoush Farsiar believes the Future is bright for women in Finance.
There are plenty of reasons to believe that women will continue working in the field of financial services. Many initiatives have been launched to boost their numbers and reach the top of the industry.

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

Farsiar said, "This initiative is great because it gives women access the resources they need in order to start and grow businesses." "It will also assist in building networks and networks and also meet with women who are successful."

Another initiative is the Women in Finance Charter, which the U.K. government launched in 2016. Farnoush Farsiar The Women in Finance Charter encourages gender diversity.

Farsiar believes the Women in Finance Charter represents significant progress. It encourages financial institutions as well as other companies to tackle gender diversity.

Women are now able to enter the top positions in organizations like We-Fi and Women in Finance Charter. This is good news, for both women and the financial sector.



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