Notes

Farnoush Farsiar: Why are there so few women in finance?
Women are breaking through barriers and becoming powerful leaders in a variety of sectors. The sad reality is that only a tiny percent of women work in finance. https://www.ted.com/profile Unfortunately, this may not see a significant change in the near future.

Deloitte's insights says that by 2030, only 31 percent will be female financial sector employees. This begs the question how come there isn't a lot of women in the finance industry? While there are many theories on why this is, we wanted to hear from someone who has worked in finance for a while. Farnoush Farnoush a highly successful financial professional who is devoted to women's empowerment was the reason we sat down with her.

What is the percentage of women employed in finance?

In the U.S., 57 percent are female, yet they hold just 24% of financial jobs. It is predicted that the number will grow to 28% in the next 10 years, up from 24 percent in 2021. But it still falls far short of parity.

The absence of diversity isn't only a problem for women. Farnoush Farsiar has said that it's also a problem in the world of business. Farsiar noted that diverse leadership teams are more effective than those who have less perspectives. "So it's not only crucial for females to be involved in these fields but also for the nation in general."

There are a number of theories on the reasons women aren't as represented in the financial industry. One theory is that financial services are too masculine and competitive for females to get into. Another theory states that financial careers are viewed as a deterrent for women by peers or their parents.

Farsiar believes socialization of women at an early age is the cause of the issue. "Women are taught from a young age that they should be risk-takers rather than caretakers. "We are taught to stay safe and not to take risks. This is not conducive for an occupation as a financial analyst.

Women are socialized to care for others. Farsiar claims that women are taught to be polite and avoid conflict. "But in finance you must be able to stand up for yourself. It is essential to be able to defend your own ideas.

Farsiar: Where are all the finance women?
Farnoush Farsiar It's particularly apparent at the highest levels of finance that there aren't enough females. A study conducted by Pew research discovered that women comprise just 10% of executive positions. Just 11.5% of boards in financial institutions are occupied by women.

This inequality has a direct impact on women who work as financial professionals. This is because women are less likely to be promoted than male counterparts and are also more likely not to stay in the field.

It's good to know that there is increasing numbers of women who are employed in higher positions. Farnoush Farsiar believes part of the increase in women taking on senior roles is due the #womenshould campaign which raised awareness about the importance of diversity. Farsiar believes that #MeToo has had an incredible impact on her life. Women are beginning to get their voice and demand change."

Women's financial access is a challenge for women.
There are many obstacles that hinder women from advancing into financial services. A lack of role models is just one of these biggest obstacles. This can make it difficult for women who work in finance to be the sole females within their departments.

Farsiar acknowledged that it's scary to be the sole female in the room. "It makes you feel like you need to be flawless every time, and you shouldn't commit any mistakes."

Another barrier is the "old guys"club" mentality in many finance companies. This is a reference to the notion that men favor men over women, and women are not promoted.

Farsiar acknowledges "There's plenty of truth in that." "I have witnessed it in person. Farnoush Farsiar Men will promote men even when they're more competent.

This old boys' club mentality can lead to sexual harassment and discrimination. Female finance professionals are frequently confronted with ostracizing remarks and unwelcome advances from male colleagues.

"It's certainly a problem," Farnoush Farsiar exclaims. Farnoush Farsiar "Women working in finance are often treated as commodities, making it difficult for them to be successful."

The last issue is the lack of flexible work arrangements. Women tend to be more likely to have household responsibilities, such as caring for elderly parents and children. Women need flexible work arrangements to allow them to balance work and home.

"Finance is a very stressful profession, and it's not easy to keep up with the demands when you're also juggling other obligations. Women often have to choose between their career and family.

This makes it difficult for women to join the finance industry and attain the top post. There are several initiatives aiming to address this.

Farnoush Farsiar is optimistic about the future of women working in finance
There are numerous reasons to be optimistic regarding the future of the financial sector. There are numerous initiatives that aim to increase the number women employed in the financial industry and help them achieve senior positions.

An example of this initiative is the Women Entrepreneurs Finance Initiative A partnership that is formed between 14 governments and the World Bank Group. We-Fi helps finance and support women-led business in developing countries.

Farsiar explained, "This initiative is great because it provides women with access to the resources they need to begin and expand businesses." "It also helps them build networks and connect with other women who are successful."

Another initiative is The Women in Finance Charter. It was announced by the U.K. government in 2016. The Women in Finance Charter represents a commitment made by financial institutions to support gender diversity.

Farsiar claims that the Women in Finance Charter "is an incredible leap ahead." It encourages financial institutions and other organizations to address gender diversity.

Women are now able to enter senior positions through initiatives like We-Fi and Women in Finance Charter. http://74novosti.ru/user/Farnoush.Farsiar1fddaa11/ This is a great thing for women and the financial industry.



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