Notes

Farnoush Farsiar: Why are the women in finance so infrequent?
Women are breaking through walls and finding great results in various sectors. The sad reality though is that the percentage of women employed in finance remains astonishedly small. This may not change anytime soon however.

Deloitte's insights suggests that just 31 percent of financial professionals will be female in 2030. This begs the obvious question: why are there such a low number of women working in finance. There are numerous theories. However, we needed to hear from an expert. Farnoush Farnoush is a passionate financial professional who is a champion for women's empowerment.

How many women work in finance?

In the U.S., 57 percent are women, but they hold just 24% of financial positions. This is expected to rise to 28% in the next 10 years, from 24% by 2021. However, this is well below the average.

This isn't just a matter facing women. Farnoush Farsiar says it is an issue for the economy. Farsiar asserted that teams of leaders with different perspectives perform better than those who don't. "So it's essential that there are females in these positions. It's also crucial for the country in general.

There are a number of theories on the reasons women aren't as represented in the financial industry. One theory is that the financial industry is very male-dominated, competitive and challenging for women to enter. Another theory suggests that females are not encouraged by their parents to pursue finance careers.

Farsiar believes the root problem 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 are taught to stay safe and not to take risks. Farnoush Farsiar And that's just not conducive to a career in finance."

Farnoush Farsiar It's not just about being socialized to look after the children. Women also learn to be kind to people. https://suite.endole.co.uk/insight/people/25691618-farnoush-farsiar-aidi Farsiar says that women are taught to be polite, minimize conflicts, and keep their differences in check. "But in finance it is essential to be capable of standing up for yourself. You should be able to speak up for your thoughts.

Farsiar - Where is all the women working in finance and accounting?
At the highest levels of the financial industry, women are especially underrepresented. According to a study conducted in 2016-17 by Pew. Women hold 11.5 percent of financial company board seats.

This disparity has real-world consequences on women working in finance. Women are less likely that their male colleagues will be promoted and they are also more likely leave the industry.

The positive side is that the proportion of women working in senior positions is steadily increasing. Farnoush Farsiar believes this partly because of the #womenshould campaign which raised awareness of the lack of diversity. Farsiar claims that she is convinced that the #MeToo campaign had an extraordinary impact. Women are speaking up to make a difference.

Obstacles for women to enter Finance
There are many obstacles that prevent women from entering the financial world. One of the most significant issues is the lack of role models. It can be lonely for women working in finance to be the sole woman in their field.

Farsiar said that it's a bit difficult to be the sole female present in the room. "It feels like you have to be perfect every single day and you should not commit any mistakes."

Another barrier is another one is the "old boys' club" mentality that still exists in many financial firms. This is the belief that men favor men over women, and women are not promoted.

Farsiar acknowledges that "there's a lot more real," he says. "I've witnessed it firsthand. Men are always promoting women even when they're more experienced.

This old boys' club mentality can also result in discrimination and sexual harassment. Financial women often receive demeaning remarks and unwelcome advances made by their male colleagues.

https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653 Farnoush Farsiar exclaims that "it's certainly a issue." "Women in finance are often considered objects, and it's very difficult to advance in a world where you're treated as a commodity."

The inability to work flexible hours is another issue. Family obligations are more prevalent among women than for men. Flexible work schedules are essential for women to be able to manage work and family.

"Finance is a very challenging sector. It isn't easy to manage these demands with other obligations. Women are often being forced to choose between work and family.

These barriers make it very difficult for women to get into the financial industry and reach the top positions. There are however a number of initiatives being implemented to improve this.

Farnoush Farsiar believes the Future is bright for women in Finance
There are numerous reasons to be optimistic regarding the future of the financial sector. There are numerous initiatives aiming to boost the numbers of women working in the financial sector and assist them in achieving senior post.

Women Entrepreneurs Finance Initiative(We-Fi) is one of the initiatives. It's a collaboration between World Bank Group and 14 countries. We-Fi is a financing and support program for women-led businesses in developing economies.

Farsiar said, "This program is a fantastic one since it provides women the tools and resources to establish and grow their businesses." "It will also assist women in building networks and networks with other women who are successful."

Another initiative is the Women in Finance Charter. It was announced by the U.K. government in 2016. Financial firms have committed to gender equality through the Women in Finance Charter.

Farsiar says that "The Women in Finance Charter" is a huge move forward. Financial companies are being encouraged to take action on gender diversity and has made an impact.

Women in Finance Charter and We-Fi help more women reach high-ranking posts. This is a good thing for women as well as the financial sector.



Website: https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653