Notes

Farnoush Farsiar - Why are there so few women in finance?
Women are breaking through barriers and enjoying huge success in a variety of sectors. Unfortunately, the majority of women are employed in finance. It's likely that this trend won't change anytime soon.

Deloitte insights reports that by 2030 only 31 percent of the workforce will be female employees in the financial sector. This raises the question: why are there so few women in finance. Although there are many theories as to why this is, we were looking for an opinion from someone who's worked in finance for some time. Farnoush Farnoush is a passionate finance professional and advocate for women's empowerment.

Are there any women in finance?

In the U.S., women make up 57 percent of all workers However, they hold just 24 percent of financial jobs. The projected increase in women's participation will be 28% over the next ten, rising from 24% by 2021. It's still much less than the parity.

This is not a problem just for women. Farnoush Farsiar is of the opinion that it's an issue that has an impact on the economy. Farsiar pointed out that leadership teams with diverse perspectives are more effective than those that have fewer perspectives. "So it's critical that women are in these positions. This is also important for the nation as a whole.

There are many theories as to why women aren't more represented in the finance industry. One theory is that the financial industry is highly male-dominated and competitive, making it challenging for women to enter. Farnoush Farsiar Another theory is that financial careers are viewed as a deterrent from women by their parents or peers.

Farsiar believes the root cause of the issue lies in the way women are socialized at the age of a child. "Women are taught at an early age that they must be risk-takers, not caregivers. "We're taught to be safe and not to risk our lives. This doesn't make sense for an occupation as an analyst in finance.

It's more than just being taught how to look after the children. Women are also taught to cherish people. https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times Farsiar said women were taught to be courteous. Farnoush Farsiar "But in the world of finance it is essential to be capable of standing up for yourself. It is important to be able support your own ideas.

Farsiar - Where are all of the women working in the accounting and finance fields?
The lack of women in finance is especially pronounced at the top levels of the industry. According to a study conducted by Pew Researchers, only 10% of the positions are employed by women in top executive post. They also hold only 11.5 percent of executive positions in financial companies.

This disparity has real-world implications for women who work in finance. They are more likely to be promoted than their male colleagues will be promoted, and they are also more likely to leave the profession.

Farnoush Farsiar It is good to know that women are slowly but surely rising in senior positions. Farnoush Farsiar believes that this is due in part to the ##womenshould campaign, which has led to an increased awareness of the lack of diversity. Farsiar claimed she was "convinced" that the #MeToo Movement had an enormous impact. Women are now more vocal and insisting on changes.

Women's financial access is a challenge for women.
A number of obstacles prevent women from taking up finance careers. The lack of role models is one of the most significant obstacles. Women working in finance are usually the only women in their department, which can be isolating.

"It is really scary to be the only female in the room" Farsiar said. "It is like you are expected to be flawless all the time and that you shouldn't make any mistakes."

Another issue is the "old boys"club" mindset that persists in a lot of finance companies. It is a belief that men are better than women, and that men should be promoting each other.

Farsiar admits "there's lots of real," he says. "I have witnessed it firsthand. Men will be arousing to other men regardless of whether women are more qualified.

This"old-boys' club" mentality can result in the harassment of women and discrimination. Women in the financial sector often get insulting remarks and unwelcome advances made by their male colleagues.

Farnoush Farsiar exclaims that "it's certain that there is a issue." "Women in Finance are often treated as objects. It's tough to get ahead in a world where you're treated like a commodity."

The final obstacle is the lack of flexible working hours. Females are more likely have family responsibilities than men, such as caring after elderly parents or children. Flexible working arrangements are necessary to ensure that they can keep a balance between work and family.

"Finance is a complicated industry, is hard to handle when you have additional responsibilities. Many women are forced to choose between their work or their family.

Farnoush Farsiar This makes it difficult to be an experienced financial professional in the senior level and get into the business. There are numerous initiatives to combat this problem.

Farnoush Farsiar is optimistic about the future of women in finance
There are many positive reasons to believe in the future of women in the field of finance. Farnoush Farsiar Numerous initiatives have been initiated to increase the number and make it to the highest levels of the financial sector.

One such initiative is Women Entrepreneurs Finance Initiative (WeFi), which is a partnership of the World Bank Group & 14 governments. We-Fi finances and supports women-led enterprises in developing countries.

Farsiar stated, "This program is a excellent one as it provides women access and the resources to begin and expand their companies." It helps them create networks and connect with other female entrepreneurs.

Another initiative is the Women in Finance Charter. The U.K. government launched it in the year 2016. https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar The Women in Finance Charter aims to encourage gender diversity by financial institutions.

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

Women in Finance Charter and We-Fi are helping more women reach high-ranking posts. This is a great thing for women and the financial industry.



Read More: https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar