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Farnoush Farsiar - Why are there so few women in finance?
Women are breaking down walls and becoming powerful leaders in various sectors. The sad reality is that just a small proportion of women are employed in finance. However, this is unlikely to change anytime soon.

Deloitte insights indicates that only 31 percent of finance professionals will be female by 2030. Farnoush Farsiar This begs a question: Why is there so little women working in finance? While there are many theories as to why this is the case however, we were looking for an opinion from someone who has been working in the field for a long time. This is why we spoke with Farnoush Farsiar, an accomplished financial professional who is passionate about women's empowerment.

What percentage of women are working in finance?

The U.S. has 57 percent of the workforce is female however, there are only 24% financial jobs. The number is projected to increase to 28% over the next 10 years from 24% in 2021. However, it's still significantly below the national average.

Diversity isn't just an issue for women. Farnoush Farsiar believes it's also a problem that affects the economy. Farsiar explained that teams with different leadership styles are more successful than teams that have the same perspectives. https://twitter.com/brexitcentral/status/1151733390485467136 "So it's essential that women are included in these positions. It's also crucial for the nation."

There are numerous theories that explain the reasons women aren't included in the financial services industry. One theory suggests that the financial industry is too male-dominated, competitive and difficult for women to enter. Another theory is that women aren't encouraged by their families to pursue careers in finance.

Farsiar believes the root problem is in the ways women are socialized in their youth. "Women are taught at a young age to be caretakers , rather than risk-takers. "We are taught to be cautious and to not risk it all. This doesn't work for being a successful career financially.

It's not just the fact that women are taught to be caretakers and caregivers; they're also taught to be pleasant to others. Farsiar affirms that women are taught to be courteous, avoid conflict and maintain their differences in check. "But you have to be able advocate for your own ideas regarding finance. It is important to be able support your own thoughts.

Farsiar Questions Where are the female finance professionals?
The absence of women in finance is particularly evident at the highest levels of the business. According to a 2016-17 study conducted by Pew. Also, they hold just 11.5% of the board seats in financial firms.

This could have real-world consequences for women who work in finance. It is because women are more likely not to be promoted than male counterparts, and are more likely to quit the field.

The good news is that women are slowly but surely becoming more senior. Farnoush Farsiar believes the reason for this growth is because of the #womenshould movement, which has increased awareness of the problem of diversity. Farsiar says she is convinced that the #MeToo campaign also produced a profound impact. Women are speaking out more and demanding changes.

Women's financial access is a challenge for women.
Many obstacles hinder women from going into finance. The lack of role models for women is among of the biggest obstacles to women getting into finance. Financial women are often the only ones in their department, which can result in feeling isolated.

"It can be very intimidating to be the only female in the room" Farsiar said. "You are convinced that you need to be flawless every time and that you aren't allowed to be a fool."

Another obstacle is the "old boys club" mindset that's still common in many financial companies. This is the idea that men are superior to women, and that men should be promoting each other.

Farsiar admits "there's lots of than that," he says. "I've witnessed this happen personally. Even if the woman is a better candidate, even if she has more qualifications, men still promote other people.

This"old-boys' club" mentality can result in the harassment of women and discrimination. Women in finance are frequently confronted with unwelcome advances and demeaning comments from male colleagues.

"It's certainly a problem," Farnoush Farsiar exclaims. "Women working in finance are typically treated like objects. It's hard to get ahead in a world where you're treated like a commodity."

Farnoush Farsiar Lack of flexibility in working schedules is another obstacle. Women tend to be more likely to have family responsibilities like caring for elderly parents and children. To be able to balance home and professional lives they'll require flexible work arrangements.

"Finance is a complicated field, can be difficult to manage when you have additional responsibilities. Women frequently have to pick between their job or family, as well as their career.

These obstacles make it extremely difficult for women to enter the financial industry and reach senior post. There are however some initiatives that can help in overcoming this.

Farnoush Farsiar Thinks There's a Bright Future for Women in Finance
There's plenty of reason to be optimistic about the future of women working in finance. Many initiatives are being implemented to boost women's involvement in the financial market and to support them in their pursuit of high-level roles.

One such initiative, Women Entrepreneurs Finance Initiative is a joint venture of the World Bank Group with 14 governments. We-Fi offers financing and support for women-owned enterprises in the developing countries.

"This is an excellent initiative since it gives women access to the resources they require to start and grow their businesses," Farsiar said. "It also helps women build networks and connect with other women who have succeeded."

Another initiative is The Women in Finance Charter. The initiative was initiated by the U.K. government in 2016. The Women in Finance Charter promotes gender diversity.

Farnoush Farsiar Farnoush Farsiar Farsiar hails "The Women in Finance Charter as a major step forward." "It's encouraging financial institutions to act on gender diversity, and it's making a difference."

Through initiatives such as We-Fi and the Women in Finance Charter, more women get to enter and take on senior roles. This is good news for women and men as well as the financial industry.



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