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Farnoush Farsiar, Why Are So Few Women in Finance
Women are increasingly breaking through barriers and achieving great success in various industries. The sad reality is that only a tiny percentage of women work in finance. It's unlikely that this trend will change any time soon.

Farnoush Farsiar Deloitte insights estimates that 31% of the financial industry employees will be female in 2030. The question is how come there isn't a lot of women in finance? There are a variety of theories. We wanted to know more from an expert. Farnoush Farnoush is a passionate finance professional and an advocate for women's empowerment.

Are there women in finance?

The U.S. is home to 57 percent of the working population. However there are only 24% in financial work. This figure is expected to rise to 28% within the next ten to 20 years which is up from the current 24.

The absence of diversity isn't just a concern for women. Farnoush Farsiar says it is also a threat to the economy. Farsiar said that diverse leadership teams are more effective than ones with fewer viewpoints. "So it's critical to have females working in these fields. It's also crucial to the country in general.

There are a myriad of theories as to how women working in the financial industry aren't represented. One theory is that the market for financial services is too competitive and male-dominated for women to break into. Another theory is that financial careers are viewed as a deterrent from women by their parents or peers.

Farsiar believes the root of the issue lies in how women are socialized from a young age. "Women from an early stage are taught that they should be risk takers, but caregivers. "We're taught to not make chances, but instead to be safe. This doesn't make sense for a career as a financial analyst.

It's not only that women are conditioned to take care of their children They're also taught to be people-pleasers. Farsiar says that women are taught to be courteous and avoid conflict. "But in the field of finance it is essential to be in a position to defend yourself. Farnoush Farsiar You need to be able advocate for your own ideas.

Farsiar What are the fate of all the Finance Women?
Women are particularly underrepresented in finance, particularly at the highest levels. Women hold just about only 10% of executive-level positions according to a research study by Pew Research. In addition, they only hold 11.5 percent of seats on the boards of financial firms.

This disparity has a real-world effect on women working as financial professionals. This imbalance means that women are less likely than males to be promoted, and are more likely to leave finance.

The good news? Farnoush Farsiar Women are gradually, but steadily becoming older. Farnoush Farsiar believes this partly due to the #womenshould campaign which raised awareness of the absence of diversity. Farsiar believes that the #MeToo campaign has had an incredible impact on her life. Women are becoming more vocal and insisting on change.

The obstacles for women who want to pursue finance
There are many obstacles that prevent women from entering financial services. One of the most significant barriers is the lack of role models. Women in finance are often the only female in their job and can lead to isolation.

"It can be very intimidating to be the only woman in the room," Farsiar said. "You are you are under pressure to do your best and must not make any mistakes.

Another issue is another one is the "old guys"club" mindset that exists in a lot of finance businesses. This is the idea that men are more favourable to other men, and women are left out.

Farsiar admits "there is a lot of truth in that." "I've observed it myself. https://twitter.com/brexitcentral/status/1151733390485467136 Women will always be promoted by men even when they're more experienced.

This"old boys' club" mentality can lead to harassment and discrimination. Women in the financial sector often get insulting remarks and unwelcome advances by their male colleagues.

Farnoush Farsiar exclaims that "it's certainly a problem." "Women who work in finance are often treated like commodities, making it very difficult for them to be successful."

The last issue is the lack of flexible working hours. Family obligations are more frequent for women than for men. This means they need flexible working arrangements to balance their home and work lives.

"Finance has a high-stakes business. It can be difficult to balance your work and family obligations while working in the finance industry. Women are often forced to make a choice between their work and family.

These obstacles make getting high-level positions in the financial services industry extremely difficult for females. There are however a few initiatives that can make a difference.

Farnoush Farsiar believes the Future is bright for women in Finance.
There are many reasons to feel hopeful about the future of women working in finance. There have been numerous initiatives launched to boost the number of women and make it to the top of the financial industry.

One such initiative is Women Entrepreneurs Finance Initiative which is a partnership of 14 governments as well as the World Bank Group. We-Fi helps women-owned businesses in the developing world by providing funding and assistance.

Farsiar said, "This is an excellent initiative since it gives women access to resources that can aid them in starting and growing their business." It also helps them to establish networks and connect with other women who have succeeded.

Another initiative is the Women in Finance Charter, that the U.K. government launched in the year 2016. The Women in Finance Charter represents a commitment made by financial institutions to support gender diversity.

"The Women in Finance Charter is a great step forward," Farsiar encourages. Financial companies are being encouraged to act on gender diversity and it's making an impact.

https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653 Women are more likely to be promoted and get the chance to work in senior financial positions because of initiatives like We-Fi. This is great news for both the financial and women sectors.



Read More: https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/