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Farnoush Farsiar - Why are there so few women in finance?
Women are breaking down barriers and becoming powerful leaders in a variety of sectors. However, the sad truth is that only a few women work in finance. However, this is unlikely to change any time soon.

Deloitte's insights reports that by 2030 only 31 percent of the workforce will be female employees in the financial sector. It begs the question "Why are so few women working in financial services?" There are a variety of theories. However, we were looking for an expert. https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times Farnoush Farnoush has been interviewed by us. She is an experienced finance professional who is passionate for women's empowerment.

How many women are employed in Finance?

In the U.S., women make up 57 percent of the workforce, but they have only 24 percent of financial jobs. This number is predicted to grow to 28% over the next 10-20 years, up from 24% currently.

It's not an issue just for women. https://www.asian-tapas.com/farnoush-farsiar-discusses-challenges-women-business-leaders-face/ Farnoush Farsiar has stated that diversity can be an issue for economic growth. Farsiar claimed that leadership teams with differing perspectives are more effective than those who don't. "So it's not just crucial that women are included in these professions and other positions, but it is crucial for the country as whole."

There are a variety of reasons women aren't represented in the financial industry. One theory suggests that the financial sector is too male-dominated, competitive and difficult for women to join. Another theory states that financial careers are viewed as a deterrent from women by their parents or peers.

Farsiar believes that women's socialization at an early age is the cause of the problem. "Women learn from an early age that they are caregivers, not risk-takers. "We are taught to be safe and to not take chances. This isn't a good way to go to a successful career in finance."

Women are taught not just to look after other people, but also to please people. Farsiar says that women are taught to be polite, minimize conflicts, and keep their differences in check. But in finance it is essential to speak for yourself. You must be able to and willing to stand up for yourself.

Farsiar Questions Where are the women in finance?
The lack of women in finance is particularly apparent at the top of the industry. https://www.difc.ae/public-register/rumi-investment-limited/ According to a study conducted between 2016 and 2017 conducted by Pew, women hold just 10% of executive posts. In addition, they only hold 11.5 percent of the board seats at financial firms.

This is a real-world issue for women who work in finance. They are more likely than their male colleagues are promoted, and they're also more likely leave the industry.

https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi It's good to know that there is increasing numbers of women working in senior roles. Farnoush Farsiar believes it is because of the #womenshould Campaignthat has created a greater awareness of the problem of lack of diversity. Farsiar states that she believes the #MeToo movement had an equally significant impact. Women are speaking out more and calling for change.

There are hurdles for women pursuing finance.
There are many obstacles that prevent women from entering the financial world. The lack of role models is one of the most significant obstacles. Financial women are often the only ones in their department, which can lead to feeling isolated.

Farsiar said that being the only woman in a room could be very stressful. "You are you are under pressure to do your best and not make mistakes.

Another issue is the "old guys' club" mentality in many finance businesses. This is the belief that men are better than women and men should promote each other.

https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653 "There's lots of truth in it," Farsiar admits. "I've seen it happen firsthand. Men will be able to promote men regardless of whether women are more skilled."

This"old-boys' club" mentality can also lead to sexual harassment and discrimination. Female finance professionals are frequently targeted for ostracizing remarks or unwanted advances by male colleagues.

Farnoush Farsiar declares "It's certainly an issue." Farnoush Farsiar "Women in Finance are often treated like objects. It's tough to get ahead when you're treated this way."

Inflexibility in working schedules is another obstacle. Family obligations are more prevalent among women than for men. They require flexible work schedules to be able to balance their home and work lives.

"Finance is a very stressful profession, and it's not easy to keep up with the demands when you have other responsibilities. Women are often forced to make a choice between their job or family.

These obstacles make it extremely difficult for women working in the financial industry to reach high-ranking posts. There are several initiatives aiming to address this.

Farnoush Farsiar is optimistic about the future of women in finance
There are many reasons to feel positive about the future of women working in finance. There have been numerous initiatives launched to boost the number of women and get to the top of the financial industry.

Women Entrepreneurs Finance Initiative(We-Fi) is one such initiative. It's a collaboration between World Bank Group and 14 countries. We-Fi provides financial support and assistance for women-owned businesses in developing countries.

Farsiar declared, "This is an excellent initiative since it gives women access to resources that can help them start and grow their business." "It also helps build networks and connect with other women who are successful."

Another initiative is the Women in Finance Charter. This was launched by the U.K. government in 2016. Financial firms have committed to gender diversity through the Women in Finance Charter.

Farsiar hails "The Women in Finance Charter as a major step forward." It urges financial companies and other organizations to address gender diversity.

Through initiatives such as We-Fi and the Women in Finance Charter, more women get to enter and reach senior positions. This is good news for women and men as well as the financial sector.



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