Notes

Farnoush Farsiar - Why are there so few women in finance?
Women are increasingly breaking down barriers and enjoying amazing success in many industries. The sad truth is that there are still a many women in finance. But, unfortunately, this will not see a significant change in the near future.

According to Deloitte Insights that by 2030 the number of financial sector employees will be women. This raises the obvious question: why are there so few women in finance. There are a myriad of theories on the internet but we wanted learn from an expert on the matter. Farnoush Farnoush is a passionate finance professional and advocate for women's empowerment.

Are there women in finance?

In the U.S., 57% are women, however, they hold only 24% of financial posts. This number is predicted to rise to 28% in the next 10-20 years which is up from the current 24.

The absence of diversity isn't just a concern for women. Farnoush Farsiar has said that it's also a major issue in the economy. Farsiar stated that diverse leadership teams are more effective than those with fewer viewpoints. Farnoush Farsiar "So it's not just crucial for women to be represented in these professions and it's equally important for the nation overall."

There are many theories as to why women aren't more represented in the finance industry. The most popular hypothesis is that the industry is too male-dominated and competitive for women to make it into. A different theory suggests that women aren't motivated to take up careers in finance, either by their parents , or colleagues.

Farsiar believes women's socialization from a young time is at the root of this problem. "Women are socialized from an early age to be caretakers , rather than risk-takers. "We are taught to play safe and not take chances. That's not the best way to go about a career in finance.

Women are socialized to be caring for one another. Farsiar affirms that women are taught to be polite, minimize conflict and keep their differences under control. "But in finance it is crucial to be able and willing to speak out for yourself. You need to be able to advocate for your ideas.

Farsiar - Where are all the women working in accounting and finance?
Women are particularly underrepresented in finance at most senior levels. Women are only about 10% of executive-level jobs, according to a 2016-2017 study conducted by Pew Research. A mere 11.5 percent of the board members of financial firms are headed by women.

This inequality has real-world effects on women who work in finance. This means that women are more likely than men to be promoted, and are more likely to leave the finance industry.

The good news is that the rise in women who hold senior positions is slow but steady. Farnoush Farsiar believes that this is due in part to the #womenshould campaign which has led to a greater awareness of the lack of diversity. Farsiar affirms that she believes that the #MeToo campaign also had a significant impact. Women are becoming more vocal and calling for changes.

There are obstacles for women being able to enter finance
There are many obstacles that hinder women from advancing into finance. The lack of role models is just one of these biggest obstacles. This makes it challenging for women who work in finance to become the sole females in their department.

"It can be really intimidating to be the only woman in the room," Farsiar said. "It is like you are expected to be flawless every time, and that you shouldn't make any errors."

Another issue is another one is the "old boys' club" mentality that still exists in a lot of finance companies. This is the idea that men are superior to women and that they should encourage each other.

Farnoush Farsiar Farsiar admits that there's much to this claim. "I have seen it in person. Farnoush Farsiar Men are always promoting women regardless of whether they have more experience.

This"old-boys' club" mentality can lead to sexual harassment and discrimination. A lot of male colleagues in finance frequently make demeaning comments to women, and also make inappropriate advances to.

Farnoush Farsiar declares, "It's definitely a problem." "Women who work in finance are typically treated like objects. It can be difficult to make it big in a world where women are treated this in that way."

The final barrier is the lack of flexible work schedules. Females are more likely be responsible for family obligations than men who are responsible for caring for elderly parents or their children. Farnoush Farsiar This means they need flexible work schedules to manage their work and home life.

"Finance is a highly demanding industry, and it's hard to manage the demands of your job when you're also juggling other obligations. Women often are being forced to choose between family and work.

This makes it very difficult for women working in the financial sector to attain the top positions. There are numerous initiatives being taken to remedy this.

Farnoush Farsiar Thinks There's a Bright Future for Women in Finance
There are many evidence to suggest that women will continue working in financial services. There are numerous initiatives that aim to increase the number of women working in the financial sector and help them achieve senior posts.

One of these initiatives is the Women Entrepreneurs Finance Initiative (WeFi) that is a collaboration between the World Bank Group & 14 governments. We-Fi helps women-owned businesses in the developing world by providing financial assistance and support.

"This is a great initiative since it gives women access to the resources they require to begin and expand their companies," Farsiar said. "It also helps them build networks and connect to other women who have succeeded."

The Women in Finance Charter was another initiative the U.K. government launched in 2016. Farnoush Farsiar The Women in Finance Charter is designed to promote gender diversity in financial institutions.

Farsiar believes the Women in Finance Charter represents significant progress. "It encourages financial institutions to work on gender diversification, and is already making a difference."

https://500px.com/p/gentryitxshapiro Initiatives like We-Fi or initiatives like the Women in Finance Charter make it easier for women to move into senior posts. This is a good thing for women and the financial sector.


Farnoush Farsiar
My Website: https://vuf.minagricultura.gov.co/Lists/Informacin%20Servicios%20Web/DispForm.aspx?ID=3898743