Notes

Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through the barriers and reaching huge success across a wide range of industries. The sad reality though is that the proportion of women working in finance remains shockingly low. Farnoush Farsiar This is a sad fact that won't change any time soon.

Deloitte insights suggests that just 31 percent of financial professionals will be women in 2030. This raises the question: Why are there so few women in finance. There are a variety of theories. Farnoush Farsiar We wanted to learn more from an expert. Farnoush Farnoush is a passionate financial professional who is a champion for women's empowerment.

https://www.trackometrix.com/farnoush-farsiar-why-are-so-few-women-in-finance-2/ How many women are employed in Finance?

In the U.S., 57 percent are women, but they hold only 24% of the financial posts. This is expected to increase to 28% in the next ten years and up from 24% in 2021 but much less than parity..

The absence of diversity isn't only a problem for women. Farnoush Farsiar stated that diversity is also an issue for growth in the economy. "Diverse leadership teams perform better than teams that do not offer a broad range of viewpoints," Farsiar said. It's crucial that women be included in these fields. It's also vital for the country.

There are a variety of reasons women are not represented in the financial industry. One hypothesis is that the financial sector is too male-dominated and competitive for women to make it into. Another theory is that females aren't encouraged by their families to pursue finance careers.

Farsiar believes that the source of problem lies in the way women are socialized young. Women are raised to care for their children and be responsible for their safety. "We are taught to not risk our lives, but instead to be safe. This doesn't help an enviable career in the financial.

It's not enough that women are educated as caregivers. They're also taught to be people-pleasers. Farsiar claimed women were taught to be polite. "But in finance you must be able to stand up for yourself. You must be able advocate for your own ideas."

Farsiar asks where are all the female finance professionals?
Women are disproportionately underrepresented in finance at the top levels. According to a study conducted in 2016-17 by Pew. Women are the holders of 11.5 percent of financial company board seats.

This inequality has real-world effects on women working in finance. It is because women are less likely to get promoted than their male counterparts and are also more likely not to stay in the field.

The best part is that that the growth of women in senior positions is slow but steady. Farnoush Farsiar believes this partly due to the #womenshould campaign that has raised awareness about the absence of diversity. Farsiar believes that #MeToo has had an incredible impact on her life. Women are speaking up to call for change.

Farnoush Farsiar The obstacles for women who want to pursue finance
There are many obstacles that hinder women from taking up finance careers. One of the biggest obstacles is the lack of role models. Women in finance are typically the only ones in their respective departments, which could cause being isolated.

Farsiar acknowledged that it is difficult to be in a room with just one woman. "It feels like you have to be perfect every time, and you should not make any mistakes."

Another problem is the "old boys' club" mentality still present in many finance firms. This is the idea that men are the ones who encourage women and that they are excluded.

Farsiar acknowledges that there's much to this claim. "I have witnessed it firsthand. Men will make other men feel superior even when the woman is more qualified."

This"old boys' club" attitude can lead to discrimination and harassment of women. Many male colleagues working in finance make demeaning remarks to women and make unwelcome advances.

"It's certainly a problem," Farnoush Farsiar exclaims. "Women who work in finance are typically treated like objects. It can be difficult to be successful when women are treated that way."

https://www.businessfast.co.uk/farnoush-farsiar-explains-why-queen-elizabeth-is-an-excellent-example-of-female-leadership/ The last issue is the lack of flexible work schedules. It is more typical for women to be able to handle household responsibilities, like taking care of parents who are elderly or children. Flexible working schedules are required to ensure that they can balance work and family life.

"Finance can be a very demanding job. It's hard to keep up with other responsibilities. Women frequently have to pick between their job or family, as well as their career.

These barriers make achieving top post in the financial service sector very difficult for women. However, there are a few initiatives that could help to in overcoming this.

Farnoush Farsiar is optimistic about the future of women in finance
There are many reasons to feel optimistic about the future for women working in finance. Farnoush Farsiar There are numerous initiatives designed to increase the number women working in the financial sector and to help them reach higher positions.

One of these initiatives is the Women Entrepreneurs Finance Initiative (WeFi) that is a partnership between the World Bank Group & 14 governments. We-Fi offers financial assistance and financing to women-led businesses in emerging countries.

Farsiar said that this was a fantastic initiative as it gives women the tools to expand and begin their own business. "It will also assist in building networks and networks and also make connections with other women who are successful."

Farnoush Farsiar The Women in Finance Charter was another initiative that the U.K. government launched in the year of 2016. https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/ The Women in Finance Charter is a pledge by financial firms to promote gender diversity.

Farsiar lauds "The Women in Finance Charter as a major step forward." "It's encouraging financial companies to take action on gender diversity, and it's making a difference."

Initiatives such as We-Fi or initiatives like the Women in Finance Charter make it easier for women to get into top roles. This is an excellent thing for both the financial and female sectors.



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