Notes

Farnoush Farsiar: Why are so few women in finance?
Women are breaking down more barriers and enjoying great successes in a variety of areas. However, the sad truth is that very few women are working in finance. It may not change soon, however.

Deloitte's research suggests that only 31 percent of financial workers will be female by 2030. It begs the question how come there isn't a lot of women working in financial services? There are numerous theories as to the reasons for this, we would like to hear from someone who's been working in the field for a while. Farnoush Farnoush was interviewed by us. She is an experienced financial professional who is a passionate advocate for women's empowerment.

What is the percentage of women working in finance?

The U.S. has 57 percent of the workforce is female but only 24% financial jobs. The projected growth in women's participation will be 28 percent over the next 10 years and which is up from 24% in 2021. However, this is far short of parity.

The lack of diversity isn't just a problem for women. Farnoush Farsiar said that diversity is also a problem for economic growth. Farsiar asserted that leadership teams with differing perspectives are more effective than those with no. It's crucial that women be represented in these areas. It's also vital for the nation.

There are many theories about the reasons women aren't represented in the financial industry. One theory states that the financial industry is too male-dominated and competitive for women to enter. Another theory is that parents and peers don't encourage women to choose career paths in finance.

Farsiar believes the root cause of the issue is how women are viewed at an early age. Women are raised to care for their children and to be accountable for their security. "We are taught to be cautiously and avoid taking risks. That's not a great way to lead to a career in finance."

It's not just the fact that women are conditioned to be caregivers; they're also socialized to be pleasant to others. "Women are indoctrinated to be courteous and reduce conflict," Farsiar adds. But in finance it is essential to be able to speak for yourself. You need to be able advocates for your own ideas.

Farsiar asks where are the females in finance?
The lack of women in finance is particularly apparent at the top levels of the business. According to a study by Pew Researchers just 10% of the positions are held by women 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 working in finance. Farnoush Farsiar They are more likely that their male counterparts are promoted, and they are also more likely to leave the profession.

The positive side is that the proportion of women who hold senior positions is steadily increasing. Farnoush Farsiar believes that this is in part due to the ##womenshould campaign, that has resulted in an increased awareness of the lack of diversity. Farsiar states that she believes that the #MeToo campaign produced a profound impact. Women are beginning to voice their opinions and demand changes.

The obstacles for women who want to pursue finance
There are many obstacles that hinder women from going into finance. Lack of role models is among the important obstacle. It can be lonely for women in finance to be the only woman in their field.

Farsiar acknowledged that it's nerve-wracking to be the only woman present in the room. Farnoush Farsiar "You feel that you have to be perfect each time, and you cannot be a fool."

Farnoush Farsiar Another obstacle is "old boys"club" This mentality prevails in a lot of finance companies. It is the belief that men favor other men and women are not considered.

Farsiar admits that "there's a lot more real," he says. "I've seen this happening personally. Men will make promotions for men, even if they are more competent.

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

"It's certain that it's a problem," Farnoush Farsiar exclaims. "Women in finance are often considered objects, and it can be very difficult to get ahead if you're treated that way."

Lack of flexibility in working schedules is another obstacle. Women are more likely to take on household responsibilities, such as caring for elderly parents and children. To balance their home and work schedules they'll require flexible work arrangements.

"Finance is a stressful job. It can be difficult to keep up with other responsibilities. Women are often forced to choose between their work and family."

This makes it very difficult for women in the financial sector to attain higher-level post. There are numerous initiatives that are being implemented to address this.

Farnoush Farsiar Thinks There's a Bright Future for Women in Finance
There are many reasons to be hopeful about the future of women in finance. A number of initiatives are taking place to boost women's involvement in the financial market and to assist women in their quest for higher-level positions.

One such initiative is the Women Entrepreneurs Finance Initiative (We-Fi) which is an alliance between the World Bank Group and 14 governments. We-Fi provides financing and assistance for women-owned enterprises in the developing countries.

https://rekvizitai.vz.lt/en/company/lionsgate_procurement_services/farnoush_farsiar_direktore/ Farsiar said that this was a fantastic initiative, as it gives women the tools they need to expand and begin their own businesses. It allows them to build networks and connect with other women entrepreneurs.

Another initiative is The Women in Finance Charter. The initiative was initiated by the U.K. government in 2016. Financial firms have committed to gender equality through the Women in Finance Charter.

Farsiar urges that "The Women in Finance Charter" is a huge step forward. "It's encouraging financial institutions to be proactive about gender diversity and is creating a positive change."

Initiatives like We-Fi or initiatives like the Women in Finance Charter make it easier for women to move into leadership roles. This is good news for women and men and the financial sector.



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