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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are increasingly breaking down walls and finding great successes in a variety of industries. Unfortunately, the shocking reality is that just a small proportion of women are employed in finance. But, unfortunately, this will not be changing anytime soon.

https://www.cbetta.com/director/farnoush-farsiar-aidi-2 Deloitte's insights shows that just 31 percent of financial workers will be female in 2030. It begs the question "Why there aren't more women working in finance?" Although there are numerous theories, we decided to get the opinion of an expert. Farnoush Farnoush is a fervent finance professional and an advocate for women's empowerment.

How many women are employed in finance?

In the U.S., women make up 57% of the workforce However, they have only 24% of financial jobs. https://www.privatebankerinternational.com/author/farnoushfarsiar/ It is anticipated that this number will rise to 28% in the next 10 years, compared to 24 percent in 2021. However, it is way short of parity.

Diversity isn't just an issue for women. Farnoush Farsiar claims it's an issue for the economy. Farsiar pointed out that diverse leadership teams perform better compared to those that have fewer perspectives. "So it's not just vital that women are represented in these fields, but it is also essential for the nation as a whole."

There are many theories about the reasons women aren't represented in the financial industry. Farnoush Farsiar Farnoush Farsiar One hypothesis is that the financial industry is too masculine and competitive to allow women to break in. Another theory suggests that the parents and their peers don't encourage women to choose career paths in finance.

Farsiar believes the root cause of the problem is how women are socialized from a young age. Women are taught to take care of their children and to be accountable for their security. "We're taught to be safe and not to take risks. That's not the best method to pursue a career in finance.

It's not enough that women are educated as caregivers. They're also viewed as people-pleasers. Farsiar explains that women are taught to be courteous and are taught to reduce conflicts. "But in finance, it is important to be prepared and willing to speak out for yourself. It is essential to be able support your own thoughts.

Farsiar asks , where are all the women who work in finance?
It is particularly evident at the top level of finance, that there are not enough women. A study by Pew research discovered that women make up just 10% of the executive roles. In addition, they only hold 11.5% of executive positions at financial companies.

This is a real-world issue for women who work in finance. This is due to the fact that women are less likely to get promoted than their male counterparts and are more likely not to stay in the field.

Good news is that women are slowly but surely rising in senior posts. Farnoush Farsiar believes the reason for this increase is due to the #womenshould campaign, which has increased awareness of the issue of diversity. Farsiar says she believes that the #MeToo campaign also had a significant impact. Women are starting to speak up and demand change.

Women who pursue finance face obstacles
Many barriers prevent women getting into finance. Farnoush Farsiar One of the most significant barriers is the lack of role models. This makes it challenging for women in finance to become the sole females in their department.

"It is really scary being the only woman in the room," Farsiar said. "It is like you are expected to be perfect every time, and you should not commit any mistakes."

Another obstacle is the "old guys' club" mentality in many finance businesses. This is the belief that men promote other men and women are left out.

Farsiar admits "there's more truth to that," he says. "I have witnessed it firsthand. Men are always promoting women even when they're more experienced.

This"old boys' club" mentality may also lead to discrimination and harassment sexually. Female professionals in finance are often targeted for ostracizing remarks or unwanted advances by male colleagues.

"It's certainly a problem," Farnoush Farsiar exclaims. "Women working in finance are usually treated as objects. It can be difficult to make it big when you treat women that in that way."

The other issue is the inability to create flexible work schedules. Women are more likely than men to be entrusted with family responsibilities, such as caring for children or elderly parents. Flexible working arrangements are necessary to allow them to keep a balance between work and family.

"Finance is a very complex business, is difficult to manage when you have other responsibilities. Women frequently have to pick between their careers, their family and their careers.

This makes obtaining top post in the financial service industry very difficult for females. There are however a few initiatives that could help to change this.

Farnoush Farsiar Believes the Future is Bright for Women in Finance
There are good evidence to suggest that women will continue to work in financial services. Numerous initiatives have been taken to increase the number of women working in finance and to assist them to reach higher positions.

One of these initiatives, Women Entrepreneurs Finance Initiative is a partnership with the World Bank Group with 14 governments. We-Fi provides financial support and assistance to women-owned companies in developing countries.

"This is a great initiative because it gives women access to the tools they need to begin and expand their business," Farsiar said. "It also helps build networks and networks and also connect with other women who are successful."

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

Farsiar believes the Women in Finance Charter represents a significant step forward. "It's encouraging financial institutions to be proactive about gender diversity, and it's creating a positive change."

Women are now able to take on senior positions through initiatives such as We-Fi as well as Women in Finance Charter. This is good news for women and the financial industry.


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