Notes

Farnoush Farsiar: Why are the women in finance so infrequent?
Women are increasingly breaking down barriers and experiencing huge success in a variety of industries. It is a sad fact that there are still a many women in finance. Unfortunately, this may not change any time soon.

According to Deloitte Insights, in 2030 only 31 percent of the employees of the financial sector will be women. This begs the obvious question: why are there many women in finance. There are numerous theories about why this is the case, we wanted to hear from someone who has been working in the field for a long time. Farnoush Farnoush is a committed finance professional and advocate for women's empowerment.

How many women work in finance?

The U.S. has 57 percent females in the workforce however, there are only 24% financial jobs. The projected increase in women's participation is 28 percent over the next ten years and which is up from 24% in 2021. However, this is way below the parity.

It's not just a problem faced by women. Farnoush Farsiar said that diversity is a problem for economic growth. Farnoush Farsiar Farsiar said that diverse leadership teams have better results than teams that have fewer perspectives. It's crucial that women be represented in these fields. However, it's also essential for the nation.

There are many theories about the reasons women aren't represented in the financial industry. https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/ One theory is that financial services are masculine and competitive for females to be into. Another theory is that the parents and their peers don't encourage women to choose financial careers.

Farsiar believes that the socialization of women from an early age is the root of the issue. "Women at a young age are taught to be risk-takers, but caretakers. "We are taught not to make a risk, but rather to be safe. This doesn't help a career financial.

Women are educated not just to look after others however, they also have to please people. Farsiar affirms that women are taught to be polite, reduce conflict and keep their differences under control. "But in the world of finance, it is important to be prepared and willing to speak out for yourself. You must be able to advocate for your own ideas.

Farsiar - Where is all of the women working in the accounting and finance fields?
The dearth of women working in finance is especially pronounced at the highest levels of the field. According to a study by Pew Researchers only 10% are held by women in senior executive positions. There are only 11.5 percent of women sit on the top financial boards.

This imbalance has real-world impact on women working as financial professionals. They are more likely not to get promoted than male counterparts. They're as well more likely to leave the industry altogether.

Good news is that women are slowly however, steadily, advancing in higher positions. Farnoush Farsiar believes the reason for this rise is due to the #womenshould campaign that has raised awareness of the issue of diversity. Farsiar states she's "convinced that the #MeToo campaign has had a profound impact. Women are speaking up to make a difference.

Financial Access Barriers for Women
A number of obstacles prevent women from going into finance. Lack of role models is just one of these biggest obstacles. Women in finance are often the only women working in their industry and can be lonely.

"It can be really intimidating to be the only woman in the room," Farsiar said. "You feel like you're expected to be flawless all every moment, and that you mustn't make any mistakes."

Another obstacle is the traditional boys' club mentality, which still exists in many financial firms. This is the belief in that men support other females and men are not allowed to join.

Farsiar acknowledges that "there's lots of real," he says. "I've witnessed this happen firsthand. Men are always promoting women, even if they have more experience.

The old boys' club mentality can lead also to sexual harassment or discrimination. Finance women are usually exposed to unwanted advances and demeaning comments from male colleagues.

Farnoush Farsiar says, "It is certain that it is a problem." "Women in Finance are often considered to be objects. It's hard to advance when you're treated this way."

https://www.crunchbase.com/person/farnoush-farsiar The last obstacle is the inability to make flexible work schedules. Women are more likely than men to be entrusted with household responsibilities, like caring for elderly or children parents. They require flexible working arrangements to balance their family and work.

"Finance is a very challenging business. It isn't easy to keep up with the demands of your job when you have other responsibilities. Women are often forced to make a choice between their job or family, as well as their careers.

https://professionalparaplanner.co.uk/tag/advice-threat/ This makes obtaining senior positions in the financial services industry extremely difficult for females. There are numerous initiatives to address this issue.

Farnoush Farsiar believes the Future is bright for women in Finance
There are many reasons to be optimistic about the future for women working in finance. Numerous initiatives have been taken to increase the number of women working in finance and to assist them to reach higher positions.

Women Entrepreneurs Finance Initiative(We-Fi) is one of these initiatives. It's a partnership with World Bank Group and 14 countries. We-Fi provides financing and assistance for women-owned enterprises in the developing countries.

Farsiar said, "This program is a great one because it gives women access and the resources to begin and expand their companies." It helps them create networks and network with other female entrepreneurs.

Farnoush Farsiar Another initiative is the Women in Finance Charter, that the U.K. government launched in 2016. The Women in Finance Charter aims to encourage gender diversity in financial institutions.

Farsiar says that "The Women in Finance Charter" is a major move forward. Financial companies are being encouraged to take action on gender diversity and has made an impact.

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



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