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Farnoush Farsiar, Why Are So Few Women in Finance
Women are increasingly breaking through barriers and achieving huge success in a variety of industries. However, there are still a few women working in finance. This is a sad fact that won't change any time soon.

Deloitte insights estimates that 31% of financial industry employees will be female in 2030. It begs the question "Why there aren't more women working in financial services?" There are numerous theories. But we wanted to hear from an expert. Farnoush Farnoush is a highly skilled finance professional passionate about women empowerment is our interview subject.

How many women work in finance?

In the U.S., women make up 57 percent of the workforce However, they hold just 24 percent of the financial positions. It is predicted that this number will rise to 28% in the next 10 years, from 24% by 2021. But, they're well below the average.

Diversity is not just a problem for women. Farnoush Farsiar has stated that diversity can be a problem for economic growth. Farsiar stated that leadership teams with diverse perspectives are more effective than those with fewer viewpoints. It is crucial for women to be included in these fields. But it's also crucial for the country.

There are a number of theories about why women are so underrepresented in the financial sector. One theory is that the financial industry is too male-dominated and competitive for women to break into. Another theory suggests that financial careers are viewed as a deterrent from women by their peers or parents.

Farsiar believes that the source of the issue lies in the way women are treated at a young age. "Women are taught at a young age that they should be risk-takers rather than caretakers. "We are taught to stay secure and to not risk it all. This is not conducive for the job of an analyst in finance.

It's more than just being socialized to care for their children. Women are also taught to love people. Farsiar affirms that women are taught to be polite, minimize conflicts and maintain their differences in check. "But, in finance you must be able to be a voice for your own ideas. You have to be able advocate for your own ideas.

Farsiar asks where are all the women who work in finance?
The absence of women in finance is particularly apparent at the highest levels of the industry. Women make up just 10% of the executive positions according to a research study by Pew Research. They also hold only 11.5 percent of board seats in financial firms.

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This exponentially This is a real-world issue for women who work in finance. It is because women are less likely to get promoted than their male counterparts and are also more likely to leave the field.

The good news is that the rise in women who hold the top positions is slow but steady. Farnoush Farsiar believes this partly due to the #womenshould campaign which raised awareness of the dearth of diversity. Farsiar believes that the #MeToo campaign has had a profound impact in her personal life. Women are speaking out more and demanding change.

Financial Access Barriers for Women
There are numerous hurdles women have to overcome in order to get into the world of finance. One of the most significant issues is the lack of role models. This makes it challenging for women who work in finance to be the only female in their respective departments.

Farsiar said that being the sole woman in a room could be quite daunting. "It is like you are expected to be perfect all the time and you shouldn't commit any mistakes."

Another barrier is "old boys' club" This mentality is prevalent in many finance companies. This refers to the notion that men promote other women while women are not.

"There's plenty of truth in that," Farsiar admits. "I have witnessed it in person. Men will make promotions for men, even when they're more qualified.

This"old-boys' club" mentality may also lead to discrimination and harassment of women. Finance women are usually subject to unwelcome advances and humiliating remarks from male counterparts.

Farnoush Farsiar says, "It is certainly an issue." "Women in Finance are usually treated as objects. It's hard to make progress in a world where you're treated like a commodity."

The other issue is the difficulty in finding flexible work arrangements. Women are more likely to take on family responsibilities like caring for parents who are elderly and children. To be able to balance home and work schedules, they will need flexible work schedules.

"Finance has a high-stakes business. It is difficult to handle your obligations when you're also working in the finance industry. Women frequently have to pick between their work as well as their family.

These barriers make it extremely difficult for women working in the finance industry to achieve high-ranking posts. However, there are a number of initiatives that are working to improve this.

Farnoush Farsiar Believes the Future is bright for women in Finance
There's plenty of reason to be hopeful about the future of women's careers in finance. Numerous initiatives have been initiated to boost their numbers and make it to the highest levels of the financial sector.

Women Entrepreneurs Finance Initiative(We-Fi) is one of these initiatives. It's a collaboration between World Bank Group and 14 countries. We-Fi is a financing and support program for women-led businesses in developing economies.

Farsiar said, "This initiative is great because it provides women with access to the resources they need in order to start and expand businesses." It allows them to build networks and network with other women entrepreneurs.

The Women in Finance Charter was another initiative the U.K. government launched in the year of 2016. The Women in Finance Charter encourages gender diversity.

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

Women can now enter high-level positions thanks to initiatives such as We-Fi as well as Women in Finance Charter. This is good news for women and men and the financial sector.




Homepage: https://www.datocapital.mt/executives/Tal-Dilian.html