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Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking through the barriers and reaching amazing success in a range of fields. The unfortunate reality is that the number of women employed in finance remains astonishedly small. It's unlikely to change, unfortunately.

Deloitte insights says that by 2030, only 31 percent of the workforce will be female financial industry employees. It raises the question: Why is there a lack of women working in finance? There are many theories. However, we were looking for an expert. Farnoush Farnoush an expert finance professional passionate about women empowerment is our interview subject.

How many women are in the field of finance?

The U.S. is home to 57 percent of the population. However there are only 24% in financial jobs. This figure is expected to grow to 28% in the next ten to 20 years, up from 24% currently.

It's not only a problem faced by women. It's also a problem for the economy, said Farnoush Farsiar. "Diverse leaders have better results than teams that do not have as broad a range of viewpoints," Farsiar said. It's crucial that women be represented in these areas. However, it's also essential for the nation.

There are a myriad of theories on the reasons women aren't represented in the financial sector. One hypothesis is that the industry is dominated by men and competitive for women to make it into. Another theory suggests that parents and peers do not encourage women to pursue financial careers.

Farsiar believes that the root of the issue lies in how women are socialized from an early age. "Women from a young age are taught to be risk-takers, but caregivers. "We're taught to play safe, not to risk our lives. This isn't the most effective way to go about an investment career.

It's not enough for women to be educated as caregivers. They're also taught to be people-pleasers. Farsiar stated that women were taught to be courteous. "But when it comes to finance, you need to be able to be a voice for your ideas. You need to be able to advocate for your ideas.

Farsiar Questions Where are the women in finance?
Particularly at the top of the finance industry, the lack of women in finance ranks is alarming. A study conducted by Pew research discovered that women account for only 10% in executive-level roles. Women also hold only 11.5 percent of board seats at financial companies.

This inequality has real-world effects on women who work in finance. Women are less likely to be promoted than their male counterparts, and they're as well more likely to leave the field altogether.

It's good to know that there is increasing numbers of women who are employed in higher positions. Farnoush Farsiar believes this partly due to the #womenshould movement which has brought awareness to the dearth of diversity. Farsiar states that she is convinced that the #MeToo movement also had an extraordinary impact. Women are speaking out more and insisting on change.

Barriers to Women Getting into Finance
There are numerous barriers preventing women from getting into the world of finance. One of the biggest barriers is the absence of role models. This makes it challenging for women working in finance to be the sole females within their departments.

Farsiar admitted that it's difficult to be the only woman present in the room. "You feel under pressure to be perfect and not make mistakes.

Another obstacle is the "old guys' club" mentality that is prevalent in many finance businesses. It is a belief that men are better than women, and that men should be promoting one another.

Farsiar admits "there's more real," he says. "I've witnessed this happen firsthand. Men will be able to promote men even when they are better qualified."

This old boys' club mentality can lead to the harassment of women and discrimination. Females in the finance industry are often targeted for sexist comments and unwelcome advances from male counterparts.

Farnoush Farsiar declares "It's certainly an issue." "Women working in finance are usually considered to be objects and it can be very difficult to advance when you're treated this way."

The last issue is the lack of flexible work schedules. Family obligations are more prevalent for women than for males. This means they need flexible work schedules to manage their work and home life.

"Finance is a highly demanding industry. It can be challenging to meet these demands with other obligations. Many women are forced to choose between their career or their family.

This makes it challenging for women to get into the financial sector and hold senior post. There are a myriad of initiatives to combat this problem.

Farnoush Farsiar believes that the future is bright for women in finance
There are good reasons to believe that women will continue to be employed in the field of financial services. There are numerous initiatives that aim to boost the numbers of women working in the financial sector and assist them in achieving senior post.

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This exponentially">Farnoush Farsiar One such initiative is Women Entrepreneurs Finance Initiative, a partnership between 14 governments and the World Bank Group. We-Fi helps women-owned businesses in the developing world by providing financing and support.

"This is a fantastic initiative since it gives women access to the resources they need to start and grow their companies," Farsiar said. "It will also assist them in building networks and connect with other successful women."

A different initiative is the Women in Finance Charter. The U.K. government launched it in the year 2016. The Women in Finance Charter aims to encourage the inclusion of women in financial institutions.

Farsiar says that "The Women in Finance Charter" is a major step in the right direction. "It's encouraging financial companies to be proactive about gender diversity, and it's creating a positive change."

Initiatives like We-Fi as well as initiatives like the Women in Finance Charter make it easier for women to climb into top posts. This is a great thing for women and the financial sector.




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