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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through barriers to achieve amazing success in a range of industries. The sad reality though is that the number of women in finance remains astonishedly small. This is likely to remain the case for a while but it will be a long time before that happens.

Deloitte's research indicates that just 31 percent of finance professionals will be female in 2030. This raises the question "Why do women have a hard time working in the finance industry?" There are a variety of theories. We wanted to know more from an experienced expert. Farnoush Farnoush is a committed financial professional who is a champion for women's empowerment.

How many women work in finance?

In the U.S., women make up 57% of the workforce, but they have only 24% of financial jobs. It is predicted that the number will grow to 28% within the next ten-years, from 24 percent in 2021. However, they are way short of parity.

This is not a problem that is only affecting women. It's a major issue for the economy, said Farnoush Farsiar. Farsiar said that teams with diverse leadership styles perform better than ones that share the same views. Farnoush Farsiar "So it's important that women are included in these positions. It's also crucial for the nation."

There are many reasons why women aren't included in the financial sector. One theory is that financial services are male-dominated and highly competitive for females to get into. Another theory suggests that females aren't encouraged by their families to pursue careers in finance.

https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Farsiar believes that women's socialization at a young time is at the root of this problem. "Women begin at an early age to become caregivers, not risk-takers. "We're taught not to take chances, but instead to play it safe. This isn't the most effective method to pursue an investment career.

It's much more than being taught to take care of their children. Women are also taught to cherish people. Farsiar says that women are taught to be courteous and are taught to reduce conflicts. "But in finance, it is important to be able and willing to speak out for yourself. You need to be able to advocate for your thoughts.

Farsiar asks where are all the female finance professionals?
The absence of women in finance is particularly apparent at the highest levels of the field. According to a study conducted by Pew Researchers just 10% of finance jobs are employed by women in top executive post. Only 11.5% are women in the top financial company boards.

This disparity could have real-world consequences for women working in finance. This means that women are more likely than men to be promoted and are more likely to leave finance.

The good news is that women are slowly, but surely becoming older. Farnoush Farsiar believes this partly due to the #womenshould movement that has raised awareness about the lack of diversity. Farsiar declares she's "convinced that the #MeToo movement has had a profound impact. Women are starting to hear their voices heard and demanding change."

https://www.privatebankerinternational.com/author/farnoushfarsiar/ There are hurdles for women getting into finance
A number of obstacles prevent women from taking up finance careers. A lack of role models is one important obstacle. It can be lonely for women in finance, to be the only woman in their field.

Farsiar explained that being the sole female in a room can be extremely intimidating. "You are convinced that you need to be perfect each time and you can't make mistakes."

Another problem is the "old boys' club" mentality still prevalent in many finance companies. This refers to the idea that men favor men over women while women are left out.

Farsiar admits "there is some truth to this." Farnoush Farsiar "I have seen it happen in person. Men are always promoting women even when they're more experienced.

This"old boys' club" attitude can lead to discrimination and harassment of women. https://www.asian-tapas.com/farnoush-farsiar-discusses-challenges-women-business-leaders-face/ Females in the finance industry are often targeted for sexist comments and unwelcome advances from male counterparts.

Farnoush Farsiar declares "It's certainly an issue." "Women in finance are often considered objects, and it can be very difficult to make it in the financial world if you're treated that way."

Then it is the issue of inflexible working arrangement. Women tend to be more likely to have household responsibilities, such as taking care of elderly parents or children. Women need flexible work arrangements in order to balance work and family.

"Finance has a high-stakes business. It can be difficult to handle your obligations when you are also working in the finance industry. Women are often required to choose between their career and their family."

Farnoush Farsiar These challenges make it extremely difficult to be a top financial professional and get into the business. There are a variety of initiatives aiming to address this.

Farnoush Farsiar believes that the future is bright for women working in finance
There is every reason to believe in the future of women in finance. Numerous initiatives have been undertaken to increase the numbers of women employed in finance, and also to help them to reach higher positions.

One such initiative, Women Entrepreneurs Finance Initiative is a partnership with the World Bank Group with 14 governments. We-Fi helps women-owned businesses in developing nations by providing financing and support.

Farsiar stated, "This is an excellent initiative since it gives women access to resources that will aid them in starting and growing their businesses." "It will also assist women in building networks and connect with other successful women."

The Women in Finance Charter, created by the U.K. in 2016, is an additional initiative. The Women in Finance Charter promotes gender diversity.

Farsiar urges to "The Women in Finance Charter" is a huge step in the right direction. "It encourages financial institutions to act in the direction of gender diversity, and is already creating a positive change."

Women tend to be more likely to be promoted and have the opportunity to work in senior financial positions because of initiatives like We-Fi. This is good news for both females and the financial sector.



Read More: https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar