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Farnoush Farsiar on Why are So Few Women in Finance?
Women are breaking through more barriers and enjoying great successes in a variety of fields. The unfortunate reality is that the percentage of women in finance remains shockingly low. Unfortunately, this may not change so soon.

Deloitte Web Insights shows that just 31 percent of workers in the financial industry will be women by 2030. This begs the question "Why do women have a hard time working in finance?" There are a variety of theories. We wanted to hear more from an experienced expert. Farnoush Farnoush was interviewed by us. She is an experienced financial professional who is a passionate advocate about women's empowerment.

How many women work in Finance?

The U.S. employs 57% women However, only 24% of them hold financial positions. It is predicted that the number will grow to 28% over the next ten-years, from 24% in 2021. But it still falls well short of the parity.

This is not a problem that is only affecting women. Farnoush Farsiar has said that it's a serious issue for the world of business. Farsiar pointed out that teams that have diverse leadership styles have better results than teams who have less perspectives. Farnoush Farsiar https://www.highlandcountychamber.com/farnoush-farsiar-why-are-there-so-few-women-in-finance/ It is crucial for women to be represented in these areas. It's also vital for the country.

There are many theories on why women in the finance sector are underrepresented. The most popular theory is that finance is too male-dominated and highly competitive for females to enter into. https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/ Another theory suggests that females are not urged by their parents to pursue careers in finance.

Farsiar believes that the source of the problem lies in the way women are raised from a young age. "Women are taught at an early age that they should be risk-takers rather than caretakers. "We're taught to play it safe, not to take risks. This isn't the best way to go about the field of finance.

Women are taught to care for others. Farsiar claims that women are taught to be courteous and avoid conflicts. "But you need to be able to defend your own ideas regarding finance. You have to be able advocate for your personal ideas."

Farsiar What are the fate of all the Finance Women?
At the highest levels of the financial industry women are disproportionately underrepresented. According to a study conducted by Pew Researchers, only 10% of the positions are held by women in senior executive posts. They also hold only 11.5% of the board seats in financial firms.

This imbalance has real-world implications for women in finance. Women are less likely to be employed in finance to get promoted than their male counterparts.

It's good to know that there is increasing numbers of women in high-level posts. Farnoush Farsiar believes that this is due in part to the #womenshould movement, which has brought about an increased awareness of the lack of diversity. Farsiar affirms that she believes that the #MeToo movement also had a significant impact. Farnoush Farsiar Women are speaking out more and demanding changes.

The financial barriers that stop women from taking up finance careers
There are many obstacles that prevent women from entering financial services. The lack of role models for women is among of the most significant obstacles for women pursuing finance. Women working in finance are usually the only women in their job, which can be isolating.

Farsiar acknowledged that it can be nerve-wracking to be the only woman in the room. "You think you need to be flawless every time and you can't make mistakes."

Another barrier is the old men's club mentality which still exists in many financial firms. https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times It is a belief that men are better than women and that they should encourage each other.

Farsiar admits "there's lots of truth to that," he says. "I've seen it happen myself. Men will encourage their male counterparts even if they are better equipped.

This old boys' mentality could lead to sexual harassment and discrimination. Farnoush Farsiar Female finance professionals are often subjected ostracizing comments and unwanted advances by male colleagues.

Farnoush Farsiar declares "It's certainly an issue." "Women working in finance are typically treated as commodities, which makes it difficult for them to be successful."

Then, there is the issue of unflexible work arrangements. Females are more likely to be responsible for household chores than males, such as caring after elderly parents or children. They need flexible work arrangements to balance their family and work schedules.

"Finance is a highly-risky industry. It can be difficult to balance your work and family obligations when you're also working in the finance industry. Women are often forced to choose between their career and family."

These obstacles make getting top posts in the financial services industry very difficult for females. There are however some initiatives that could help to in overcoming this.

Farnoush Farsiar Believes the Future is bright for women in Finance
There are numerous reasons to be hopeful regarding the future of the financial sector. There have been numerous initiatives launched to increase the number and reach the top of the industry.

Women Entrepreneurs Finance Initiative(We-Fi) is one such initiative. It's a partnership with World Bank Group and 14 countries. We-Fi assists women-led businesses in emerging nations by offering financing and support.

"This is an excellent initiative as it provides women with access to the resources they require to establish and grow their business," Farsiar said. It also assists them in establish networks and connect with other women who have succeeded.

The Women in Finance Charter, created by the U.K. in 2016, is an additional initiative. The Women in Finance Charter is designed to promote gender diversity in financial institutions.

Farsiar believes that "The Women in Finance Charter" is a major move forward. It urges financial companies and other organizations to address gender diversity.

Initiatives like We-Fi or the Women in Finance Charter make it easier for women to climb into senior posts. This is great news for women and the financial sector.



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