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Farnoush Farsiar on Why are So Few Women in Finance?
Women are breaking through barriers and are finding results in various industries. However, the sad truth is that only a tiny proportion of women are employed in finance. However, this is unlikely to be changing anytime soon.

Deloitte's research suggests that just 31 percent of financial workers will be female in 2030. The question is: why are so few women working in finance? While there are numerous theories, we wanted learn the views from an expert. Farnoush Farnoush is a fervent financial professional who is a champion for women's empowerment.

How Many Women are there in the field of finance?

In the U.S., women make up 57 percent of all workers however, they are able to hold only 24 percent of the financial positions. The expected increase in women's participation will be 28% over the next ten and which is up from 24% in 2021. It's still far short of the parity.

Diverseness isn't just a problem faced by women. Farnoush said it's also a major issue in the world of business. Farsiar said that leadership teams with diverse perspectives have more impact than teams that have less perspectives. "So it's crucial that females are included in these positions. This is also essential for the nation."

There are many reasons women aren't able to be represented in the financial industry. One theory suggests that the industry of finance is very male-dominated, competitive and difficult for women to join. Another theory is that women are not advised to pursue careers in finance, either by their parents or colleagues.

Farsiar believes women's socialization from a young time is at the root of this problem. "Women at a young age are taught to be risk-takers and caretakers. "We're taught not to make chances, but instead to play it safe. This isn't a good way to go to a successful career in finance."

It's not enough that women are trained to be caretakers. They're also taught to be people-pleasers. Farsiar says that women are taught to be polite and avoid conflict. "But in the world of finance it is essential to be in a position to defend yourself. It is essential to have the ability to support your own ideas.

Farsiar asks where are all the women who work in finance?
It's especially evident at the top level of finance that there aren't enough females. According to a report by Pew Researchers just 10% of the positions are held by women in senior executive positions. Only 11.5 percent of women sit on the top financial boards.

This disparity has a real-world effect on women who work as financial professionals. They are more likely not to get promoted than their male counterparts, and they're also more likely to leave the field entirely.

It is good to know that there's increasing numbers of women working in senior posts. Farnoush Farsiar believes this partly due to the #womenshould campaign which raised awareness of the dearth of diversity. Farsiar claims that she is convinced that the #MeToo campaign also had an extraordinary impact. Women are beginning to get their voice and demand change."

Women's financial access is a challenge for women.
There are many obstacles which prevent women from pursuing careers in financial services. One of the biggest barriers is the lack of role models. Finance women often are the only woman working in their field and can be lonely.

Farsiar said that it's a bit daunting to be the only female in the room. "You are convinced that you need to be flawless every time and you can't be a fool."

Farnoush Farsiar Another issue is another one is the "old boys' club" mindset that persists in many finance firms. It is the belief that men favor other men and women are left out.

Farsiar acknowledges that there's an element of truth to this assertion. "I've witnessed it myself. Men are always promoting women even when they have more experience.

This old boys' mentality could lead to sexual harassment and discrimination. Finance professionals are frequently confronted with sexist remarks and unwelcome advances from their male counterparts.

https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Farnoush Farsiar declares "It's certainly an issue." Farnoush Farsiar "Women in Finance are usually treated as objects. It's tough to advance when you're treated in this manner."

https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/ Not to be forgotten, there is the issue of unflexible work arrangement. Women are more likely to have the responsibility of caring for elderly parents and children. To manage their family and professional lives it is necessary to have flexible working arrangements.

"Finance is a highly demanding profession, and it's not easy to manage the demands of your job when you're also juggling other obligations. Women are often forced to make a choice between their work and family.

These obstacles make it difficult for women to enter the financial sector and hold the top post. There are many initiatives being taken to remedy this.

Farnoush Farsiar Farnoush Farsiar Believes the Future is bright for women in Finance
There are plenty of evidence to suggest that women will continue working in financial services. Numerous initiatives have been taken to boost the number of women working in finance, and also to help them in reaching senior positions.

One example of such an initiative is Women Entrepreneurs Finance Initiative which is a partnership of 14 governments as well as the World Bank Group. We-Fi provides financial assistance and financing for women-led businesses in developing countries.

Farsiar said that this was a fantastic initiative as it gives women the tools they need to grow and start their own business. It also assists them in create networks and connect with other successful women.

The Women in Finance Charter was another initiative the U.K. government launched in 2016. The Women in Finance Charter is a commitment of financial institutions to encourage gender diversity.

Farsiar hails "The Women in Finance Charter as a great step forward." It's urging financial institutions to be proactive about gender diversity and it's making an impact.

With initiatives like We-Fi and the Women in Finance Charter, more women get to enter and hold senior positions. This is a good thing for women and the financial sector.



Read More: https://www.difc.ae/public-register/rumi-investment-limited/