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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through barriers and achieving huge success across a wide range of industries. However, the sad fact is that the number of women in finance is still shockingly low. Unfortunately, this may not change so soon.

Deloitte's research shows that just 31 percent of finance professionals will be female in 2030. This raises the question: Why is the gender gap so low in finance? Farnoush Farsiar There are a variety of theories. However, we were looking for an expert. Farnoush Farnoush an accomplished finance professional who is deeply committed to women's empowerment is the reason we interviewed her.

How many women work in the field of finance?

In the U.S., 57% are female, yet they hold only 24% of financial posts. The number is projected to increase to 28% within the next ten year, from 24% by 2021. However, this is significantly below the national average.

The absence of diversity isn't just a concern for women. https://peatix.com/user/13522802 It's also a problem in the business world, according to Farnoush Farsiar. Farsiar noted that leadership teams with diverse perspectives have better results than teams that have fewer perspectives. "So it's crucial that there are females working in these fields. It's also essential for the country in general.

There are a myriad of theories as to how women working in the financial industry are underrepresented. The most popular theory is that the financial sector is simply too male-dominated and competitive for women to break into. Another theory suggests that the parents and their peers do not encourage women to pursue career paths in finance.

Farsiar believes that the root problem lies in the manner in which women are socialized at a young age. "Women are taught from a young age that they need to be risk-takers rather than caretakers. "We are taught to not make a risk, but rather to be cautious. This isn't a good way to go about an occupation as an analyst in finance.

It's more than just being taught to care for the children. Women are also taught to cherish people. "Women are taught to be courteous and avoid conflicts," Farsiar adds. But in finance it is essential to communicate your ideas. You must be able to and willing to stand up for yourself.

Farsiar asks Where are all the women in finance?
It's particularly apparent at the top of finance that there are not enough women. A 2016-2017 study done by Pew research found that women comprise just 10% of the executive roles. Only 11.5% of boards of financial firms are headed by women.

This imbalance has real-world implications for women working in finance. Farnoush Farsiar They are more likely not to get promoted than male counterparts. They're as well more likely to leave the field altogether.

It's good to know that there is increasing numbers of women in high-level positions. Farnoush Farsiar believes part of this increase in women in senior roles is due the #womenshould campaign which raised awareness of the need for diversity. Farsiar says she believes that the #MeToo campaign also had a significant impact. Women are beginning to voice their opinions and call for changes.

Farnoush Farsiar There are barriers to women getting into finance
There are many obstacles that prevent women from being able to enter the field of finance. The lack of role models is one of the biggest hurdles. Financial women are often the only ones working in their departments, which can cause being isolated.

"It is really scary to be the only woman in the room," Farsiar said. "It is like you are expected to be perfect all the time and that you shouldn't make any mistakes."

Another barrier is "old boys' club" A mindset that is prevalent in many finance companies. This is the belief that men are the ones who promote women while women are not.

https://www.pcb.its.dot.gov/PageRedirect.aspx?redirectedurl=http://ttytcauke.vn/Default.aspx?tabid=120&ch=241940 Farsiar admits that there's an element of truth to this assertion. "I've observed this personally. Men will promote other men, even if women are more skilled."

This"old-boys' club" mentality can lead to the harassment of women and discrimination. A lot of male colleagues working in finance make demeaning remarks to women, and also make inappropriate advances to.

Farnoush Farsiar declares "It's certainly an issue." "Women working in finance are typically considered to be objects. It's hard to make progress when you're treated this way."

The last obstacle is the lack of flexible work schedules. Females are more likely be responsible for family obligations than men, such as caring after elderly parents or their children. They require flexible working arrangements to balance their work and home life.

"Finance can be a demanding job. It's hard to manage other obligations. Farnoush Farsiar Women often are having to make a choice between family and work.

This makes obtaining top post in the financial service sector very difficult for women. There are many initiatives being taken to remedy this.

Farnoush Farsiar believes that the future is bright for women in finance
There are many reasons to be optimistic about the future of women in finance. Numerous initiatives have been undertaken to boost the number of women who work in finance and to assist them to reach higher positions.

One such initiative is the Women Entrepreneurs Finance Initiative (WeFi), which is a collaboration between the World Bank Group & 14 governments. We-Fi provides financial support and assistance to women-led enterprises in developing countries.

Farsiar explained, "This initiative is great because it gives women access the resources they need for starting and expand their businesses." Farnoush Farsiar It also helps them to create networks and connect with other successful women.

The Women in Finance Charter, introduced by the U.K. in 2016, is an additional initiative. The Women in Finance Charter is a commitment of companies in the financial sector to promote gender diversity.

Farsiar hails "The Women in Finance Charter as a great step forward." "It is encouraging financial institutions to act in the direction of gender diversity, and is already creating a positive change."

Initiatives like We-Fi as well as initiatives like the Women in Finance Charter make it easier for women to move into senior roles. This is great news for both the financial and female sectors.



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