Notes

Farnoush Farsiar: Why are the women in finance so infrequent?
Women are breaking down barriers and are becoming leaders in a variety of industries. It is a sad fact that there are still very few women working in finance. This is a sad fact that won't change anytime soon.

Deloitte insights estimates that 31% of the financial industry employees will be women by 2030. It begs the question "Why do women have a hard time working in the finance industry?" There are many theories. We wanted to know more from an expert. Farnoush Farnoush an accomplished finance professional who is devoted to women's empowerment was the reason we sat down with her.

How many women are in the field of finance?

Farnoush Farsiar The U.S. employs 57 percent of women, but just 24% have financial jobs. This figure is expected to grow to 28% over the next ten to 20 years, up from 24% at present.

The lack of diversity isn't just a concern for women. Farnoush Farsiar thinks it's a problem that affects the economy. Farsiar explained that teams with different styles of leadership perform better than teams with the same range of viewpoints. "So it's not just important that women are represented in these positions and other positions, but it is crucial for the country as in general."

There are many theories about the reasons women aren't represented in the finance industry. One theory is that the financial sector is too male-dominated, competitive and difficult for women to join. Another theory is that financial careers are discouraged from women by their peers or their parents.

Farsiar believes the root problem is in the manner in which women are socialized at a young age. "Women learn from an early age to be take care of others, not risk takers. "We're taught to be safe and not to take risks. It's not conducive to an investment career.

Farnoush Farsiar Women are taught socially to be caring for one another. Farsiar claimed that women were taught to be polite. "But you must be able to advocate for your own ideas in finance. You should be able to speak up for your ideas.

Farsiar asks Where are the females in finance?
It is particularly evident at the top of finance that there aren't enough women. According to a report by Pew Researchers only 10% of the positions are females in senior executive post. They also hold only 11.5 percent of the board seats at financial companies.

This disparity has real-world implications for women who work in finance. They are more likely not to get promoted than male counterparts, and are as well more likely to leave the field altogether.

The best part is that that the growth of women in senior positions is slow but steady. Farnoush Farsiar believes it is because of the #womenshould Campaignthat has brought about a greater awareness of the inequalities. Farsiar declares that she is "convinced that the #MeToo movement has also had an impact. Farnoush Farsiar Women are beginning to claim their rights and demand changes.

Women who pursue finance face obstacles
There are a number of obstacles that prevent women from getting into finance. One of the largest obstacles is the lack of role models. Finance women are typically the only women working in their area and can be lonely.

Farsiar explained that being the only woman in a room is very daunting. "You are pressured to be perfect and must not make any mistakes.

Another issue is the "old guys' club" mentality in many financial firms. This refers to the notion that men are the ones who promote women, while women are excluded.

"There's plenty of truth in that," Farsiar admits. "I have seen it happen in person. Farnoush Farsiar Men will make other men feel superior regardless of whether the woman is more qualified."

This old boys' club mentality may also lead to discrimination and harassment of women. Women in finance are frequently confronted with unwelcome advances and demeaning remarks from male colleagues.

Farnoush Farsiar exclaims that "it's definitely an problem." "Women in Finance are often treated like objects. It's tough to make progress when you're treated in this manner."

The final barrier is the absence of flexible work schedules. Women are more likely than men to have household responsibilities, like caring for elderly or children parents. Women require flexible work arrangements in order to balance work and home.

"Finance has a high-stakes industry. It is challenging to handle your obligations while working in finance. Women often have to choose between their job, their family and their career.

Farnoush Farsiar These barriers make it extremely difficult for women in the financial industry to reach the top post. There are many initiatives being taken to remedy this.

Farnoush Farsiar believes that the future is bright for women working in finance
There are numerous reasons to feel optimistic about the future of the financial industry. There are numerous initiatives aiming to increase the number women working in the finance sector and help them achieve senior positions.

One such initiative is Women Entrepreneurs Finance Initiative (WeFi) that is a partnership between the World Bank Group & 14 governments. We-Fi supports women-led companies in developing nations by providing funding and assistance.

https://trungtamytehoavang.com.vn/question/farnoush-farsiar-discusses-how-women-business-leaders-face-the-challenges-3/ "This is an excellent initiative since it gives women access to the tools they need to establish and grow their business," Farsiar said. It also assists them in build networks and connect to other successful women.

Another initiative is The Women in Finance Charter. The initiative was initiated by the U.K. government in 2016. Financial companies have pledged to gender diversity through the Women in Finance Charter.

Farsiar urges that "The Women in Finance Charter" is a huge step in the right direction. It's encouraging financial companies to take action on gender diversity, and is making an impact.

Women in Finance Charter and We-Fi have helped more women reach high-ranking posts. This is good news for women and the financial industry.



Here's my website: https://www.abcmoney.co.uk/2022/08/30/farnoush-farsiar-on-building-a-women-lead-business-in-dubai/