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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are increasingly breaking through barriers and enjoying amazing success in many industries. The unfortunate reality is that the proportion of women working in finance is still shockingly low. It's likely that this trend won't change anytime soon.

Farnoush Farsiar Deloitte Web Insights reports that just 31% of financial sector workers will be female by 2030. It begs the question "Why are so few women working in the finance industry?" There are many theories. We wanted to hear more from an expert. Farnoush Farnoush was interviewed by us. She is a seasoned financial professional who is a passionate advocate about women's empowerment.

How many women are employed in Finance?

In the U.S., women make up 57 percent of all workers however, they are able to hold just 24 percent of financial jobs. It is expected that this number will rise to 28% within the next 10 years, up from 24 percent in 2021. However, they are far short of parity.

Diversity isn't only a problem for women. Farnoush Farsiar Farnoush Farsiar has stated that diversity can be a problem for economic growth. Farsiar asserted that leadership teams that have differing perspectives are more effective than those without. "So it is not only vital to have women represented in these professions, but it is also vital for the country as in general."

There are many theories as to why women aren't more represented in the finance industry. One theory is that the financial sector is simply too male-dominated and competitive for women to enter. Another theory says that peers and parents don't encourage women to choose finance careers.

Farsiar believes that the socialization of women from an early age is the root of the problem. http://www.drugoffice.gov.hk/gb/unigb/www.datocapital.mt/executives/Tal-Dilian.html Women are raised to look after their children and take responsibility for their security. Farnoush Farsiar "We're taught to play safe, not to risk our lives. Farnoush Farsiar That's not a great way to lead to a career in finance."

It's not only that women are conditioned to be caregivers They're also taught to be nice to people. Farsiar says that women are taught to be courteous and avoid conflicts. In finance, however it is essential to speak for yourself. You have to be able to advocate for your ideas.

Farsiar: Where are all the Finance Women?
Particularly at the top of the finance industry, the lack of women in the finance industry is alarming. Farnoush Farsiar According to a report by Pew Researchers, only 10% are females in senior executive positions. And they hold just 11.5 percent of seats on the boards of financial firms.

This imbalance has real-world implications for women in finance. This is why women are less likely than males to be promoted and more likely to leave finance.

Good news is that women are slowly however, steadily, advancing in higher posts. Farnoush Farsiar believes the reason for this increase is due to the #womenshould campaign that has raised awareness of the problem of diversity. Farsiar says she believes the #MeToo movement also had a significant impact. Women are speaking out more and insisting on changes.

The obstacles women face when trying to get into Finance
A variety of obstacles hinder women from getting into finance. One of the biggest barriers is the absence of role models. Finance professionals are typically the only woman in their department and can lead to isolation.

"It is really scary being the only woman in the room," Farsiar said. "It feels like you have to be flawless all the time and you shouldn't make any errors."

Another barrier is "old boys"club", a mentality that persists in many finance firms. This is the idea that men are superior to women and that they should encourage each other.

"There's lots of truth to that," Farsiar admits. "I've witnessed it myself. Women will always be promoted by men even when they have more experience.

This old boys club mentality can also lead to sexual discrimination or harassment. Women in finance are frequently confronted with unwelcome advances and humiliating remarks from their male counterparts.

Farnoush Farsiar says, "It is certainly an issue." "Women in the field of finance are frequently treated like objects, and it's very difficult to succeed when being treated that way."

The last obstacle is the absence of flexible work schedules. Women are more likely than men to have family responsibilities, such as taking care of children or elderly parents. To manage their family and work schedules they'll require flexible working arrangements.

"Finance is a complicated business, is difficult to manage when you are juggling many other obligations. Women are often required to choose between their work and their family."

This makes it difficult for women to join the finance industry and attain the top post. But, there are a number of initiatives being implemented to improve this.

Farnoush Farsiar Believes the Future is bright for women in Finance
There are numerous reasons to be hopeful about the future of women working in finance. There are a variety of initiatives being implemented to boost women's involvement in the financial market and to support them in their pursuit of high-level roles.

One of these initiatives is Women Entrepreneurs Finance Initiative (We-Fi), an alliance between the World Bank Group and 14 governments. We-Fi supports women-led companies in emerging nations by offering financing and support.

Farsiar declared, "This is an excellent initiative because it allows women access to resources that can assist them in starting and expanding their businesses." "It also helps build networks, and connect with other women who have made it successful."

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

"The Women in Finance Charter is an important step in the right direction," Farsiar encourages. "It's encouraging financial firms to act on gender diversity, and it's creating a positive change."

Through initiatives such as We-Fi and the Women in Finance Charter, more women get to enter and take on senior roles. This is great news for both the women and financial sectors.



Website: http://www.drugoffice.gov.hk/gb/unigb/www.datocapital.mt/executives/Tal-Dilian.html