Notes

Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking through walls and finding great successes in a variety of sectors. It is a sad fact, but women are a minority of financial professionals. It's unlikely that this trend will change anytime soon.

According to Deloitte Insights, in 2030 the number of financial sector employees will be female. This begs the question: why are so few women in financial services? There are many theories. But we were looking for an expert. Farnoush Farnoush was interviewed by us. Farnoush Farsiar She is a seasoned finance professional who is passionate for women empowerment.

How many women work in the field of finance?

In the U.S., 57 percent are female, yet they are held in only 24% of the financial posts. The projected increase in women's participation is 28% over the next ten and which is up from 24% in 2021. It's still way below parity.

Diversity is not just a problem for women. Farnoush Farsiar believes it's also a threat to the economy. "Diverse leaders have better results than ones that do not offer a broad range of viewpoints," Farsiar said. "So it's crucial that females are represented in these occupations. This is also essential for the nation."

There are a myriad of theories as to why women in the finance sector aren't as well represented. One theory is that financial services are masculine and competitive for women to enter into. Another theory is that women are not motivated to take up careers in finance, either by their parents or colleagues.

Farsiar believes the root of the issue lies in how women are socialized from a young age. "Women are socialized at a young age to be caretakers , rather than risk-takers. "We are taught to be cautiously and avoid taking chances. That's not a great way to lead to a career in finance."

https://poulame.com/user/profile/65407 It's much more than being taught how to care for the children. Women also learn to cherish people. "Women are taught to be courteous and reduce conflict," Farsiar adds. "But you have to be able to defend your own ideas regarding finance. You need to be able advocates for your own ideas.

Farsiar - Where is all the women working in finance and accounting?
At the highest levels of the financial industry, women are especially underrepresented. https://www.vashbit.com/user/Farnoush-Farsiar7cffbb22/ Women are only about 10% of executive-level jobs according to a research study by Pew Research. There are only 11.5 percent of women are on the top boards of financial companies.

This imbalance has real-world impact on women who work as financial professionals. Women are less likely to be promoted than male counterparts, and they're as well more likely to quit the profession entirely.

Good news is that women are steadily but surely rising in senior positions. Farnoush Farsiar believes part of this rise in women's senior positions is due to the #womenshould campaign which raised awareness of the issue of diversity. Farsiar claimed she was "convinced" that the #MeToo Movement has had a huge impact. Women are starting to hear their voices heard and demanding change."

Obstacles for women pursuing finance
There are many barriers which prevent women from pursuing careers in financial services. The lack of role models for women is one of the greatest barriers to women getting into finance. Finance women often are the only women working in their area and this can cause them to be lonely.

"It can be really intimidating being the only female in the room" Farsiar said. "You are conditioned to be flawless all the time, and you mustn't make any mistakes."

Farnoush Farsiar Another obstacle is another one is the "old boys"club" mentality that still exists in a lot of finance companies. It is a belief that men are better than women and that they should encourage each other.

Farsiar acknowledges "there is a lot of truth in that." "I've observed it in person. Men will be promoted by men, even when they're more competent.

Farnoush Farsiar This old boys' club mentality can lead to discrimination and harassment of women. Women in finance are frequently subject to unwelcome advances and humiliating remarks from male counterparts.

Farnoush Farsiar exclaims that "it's certainly a issue." "Women who work in finance are usually treated just like objects. It's difficult to get noticed when women are treated that way."

Farnoush Farsiar The last issue is the lack of flexible work schedules. Females are more likely be responsible for household chores than males who are responsible for caring for elderly parents or children. They require flexible working arrangements to manage their home and work lives.

"Finance is a highly demanding industry, and it's hard to keep up with the demands when you have other responsibilities. Women often have to choose between their career, their family and their professions.

These barriers make achieving top positions in the financial services sector very difficult for women. There are a variety of initiatives being taken to remedy this.

Farnoush Farsiar believes the Future is Bright For Women in Finance
There's every reason to be hopeful about the future of women's careers in finance. There are a variety of initiatives being implemented to boost women's participation in the financial market and to support women in their quest for high-level roles.

An example of this initiative is Women Entrepreneurs Finance Initiative, a partnership between 14 governments as well as the World Bank Group. We-Fi assists women-led businesses in developing nations by providing funding and assistance.

"This is a fantastic initiative because it gives women access to the resources they need to begin and expand their companies," Farsiar said. "It also helps them build networks and network to other women who have succeeded."

The Women in Finance Charter was another initiative that the U.K. government launched in 2016. The Women in Finance Charter seeks to encourage gender diversity in financial institutions.

Farsiar praises "The Women in Finance Charter as a major step forward." "It's encouraging financial institutions to act on gender diversity, and it's creating a positive change."

Women in Finance Charter and We-Fi have helped women to achieve higher-level positions. This is good news for both females and the financial sector.



Read More: https://www.scambiomassaggio.it/index.php?page=item&action=item_add