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Farnoush Farsiar: Why are the women in finance so infrequent?
Women are breaking down more barriers and enjoying huge success in various fields. The sad reality though is that the number of women employed in finance remains shockingly low. This may not change anytime soon however.

Deloitte insight estimates that 31% of financial sector employees will be female in 2030. This begs the obvious question: Why do we have so few women in finance. Although there are several theories, we decided learn the views of an expert. Farnoush Farnoush was interviewed by us. She is an experienced finance professional who has a passion for women's empowerment.

How many women are in finance?

In the U.S., 57% are women, however, they are held in just 24% of financial jobs. Farnoush Farsiar The projected growth in women's participation will be 28 percent over the next 10 years, up from 24% for 2021. It's still way below the parity.

It's not only a problem that women face. Farnoush Farsiar has stated that diversity can be a problem for economic growth. Farsiar stated that leadership teams with diverse perspectives are more effective than those with fewer viewpoints. "So it's critical that women are in these positions. It's also essential for the nation in general.

There are several theories about why women are so underrepresented in the finance industry. One theory is that the market for financial services is too male-dominated and competitive for women to make it into. Another theory is that financial careers are discouraged from women by their peers or their parents.

Farsiar believes that the source of the problem lies in the way women are treated at a young age. "Women begin at an early age to be caretakers, not risk-takers. "We are taught to stay safe and not take chances. This isn't a good way to go to a successful career in finance."

Women are educated not just to care for other people but also to be pleasing to people. Farsiar claimed women were taught to behave politely. "But in the world of finance, it is important to be able and willing to speak out for yourself. You should be able to speak up for your thoughts.

Farsiar asks , where are all the women who work in finance?
Particularly at the top of the finance industry and in the top positions of finance, the absence of women in finance ranks is alarming. Women make up just 10% of executive-level positions as per a 2016-2017 study by Pew Research. They also hold only 11.5 percent of board seats at financial companies.

This disparity has a real-world effect on women working as finance professionals. This imbalance means that women are more likely than males to be promoted and more likely to leave the finance industry.

The good news? Women are slowly, but surely getting older. Farnoush Farsiar Farnoush Farsiar believes that this is in part due to the ##womenshould campaign, that has resulted in more awareness of the issue of diversity. Farsiar states she's "convinced that the #MeToo movement has also had an impact. Women are starting to speak out and demand changes.

There are hurdles for women pursuing finance.
There are many obstacles that hinder women from entering financial services. One of the biggest barriers is the absence of role models. Women working in finance are usually the only female in their department and this can make them feel isolated.

Farsiar acknowledged that it's scary to be the sole female present in the room. "You are conditioned to be perfect all of the time, and you mustn't commit any errors."

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

Farsiar acknowledges that there is a lot to this statement. "I've witnessed it firsthand. https://trungtamytehoavang.com.vn/question/farnoush-farsiar-discusses-how-women-business-leaders-face-the-challenges-3/ Women will always be promoted by men even when they are more experienced.

This old boys' mentality could lead to sexual harassment and discrimination. Many male colleagues in finance often make sexist remarks towards women, and also make inappropriate advances to.

"It's definitely an issue," Farnoush Farsiar exclaims. "Women who work in finance are often treated just like objects. It's difficult to be successful when women are treated that way."

The last issue is the absence of flexible working arrangements. Females are more likely than males to have household responsibilities, like caring for children or elderly parents. Flexible working schedules are required to allow them to manage work and family.

"Finance can be a very demanding job. Farnoush Farsiar It's difficult to balance other responsibilities. Women often have to make a choice between their careers and their family."

https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/ These barriers make achieving top posts in the financial services sector very difficult for women. However, there are a few initiatives that can help in overcoming this.

Farnoush Farsiar Believes the Future is bright for women in Finance
There are many reasons to feel hopeful about the future of women in finance. There are many initiatives aiming to increase the number of women working in the financial sector and assist them in achieving senior positions.

One of these initiatives, Women Entrepreneurs Finance Initiative is a partnership with the World Bank Group with 14 governments. https://www.techregister.co.uk/farnoush-farsiar-explains-how-fintech-is-changing-finance/ We-Fi offers financing and support for women-owned enterprises in the developing countries.

Farsiar declared, "This is an excellent initiative because it allows women access to resources that can help them start and grow their businesses." "It can also help them create networks and connect with other women who are successful."

A different initiative is the Women in Finance Charter. The U.K. government launched it in the year 2016. The Women in Finance Charter promotes gender diversity.

Farsiar believes that the Women in Finance Charter represents an important step in the right direction. It's encouraging financial companies to be proactive about gender diversity, and is making an impact.

Initiatives such as We-Fi as well as initiatives like the Women in Finance Charter make it easier for women to get into top positions. This is great news for women and the financial sector.



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