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Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking through barriers and achieving great success in various industries. Unfortunately, the shocking reality is that just a small percentage of women work in finance. It's unlikely that this trend will be changing anytime soon.

Deloitte's insights estimates that 31% of financial sector employees will be women in 2030. This begs the question "Why are so few women working in finance?" While there are many theories about the reasons for this, we would like to hear from someone who has worked in finance for some time. Farnoush Farnoush is a highly skilled finance professional passionate about women empowerment is our interview subject.

How many women are employed in Finance?

In the U.S., women make up 57% of the workforce however, they are able to hold only 24% of financial jobs. It is predicted that this number will rise to 28% over the next 10 years from 24% in 2021. However, it's still significantly below the national average.

It's not an issue only for women. Farnoush Farsiar said that it's a serious issue for the world of business. Farsiar claimed that teams of leaders with diverse viewpoints perform better than those who don't. "So it's not only crucial for females to be represented in these professions; it's also critical for the nation as a whole."

There are numerous theories that provide the reason women aren't being represented in the financial services industry. One theory is that financial services are male-dominated and highly competitive for females to enter into. Another theory says that parents and peers do not encourage women to pursue career paths in finance.

Farsiar believes the root of the issue is how women are viewed at an early age. Farnoush Farsiar Women are raised to care for their children and to be accountable for their security. "We are taught to be cautiously and avoid taking risks. This isn't the best method to pursue the field of finance.

https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653 Women are taught socially to be caring for one another. Farsiar says that women are taught to be polite and avoid conflict. However, in the field of finance it is essential to communicate your ideas. It is important to be able support your personal ideas.

Farsiar What are the fate of all the finance women?
The lack of women in finance is particularly evident at the top of the business. According to a research study from 2016-17 by Pew. They also hold only 11.5 percent of seats on the boards of financial firms.

This is a real-world issue for women in finance. Women are less likely to be employed in finance to get promoted than their male counterparts.

It's great to know that there's an increase in the number of women in high-level positions. Farnoush Farsiar believes this partly due to the #womenshould campaign that has raised awareness about the absence of diversity. Farsiar believes that #MeToo has had a profound impact on her life. Women are starting to voice their opinions and demand change.

Women are unable to access financial aid because of their gender. from taking up finance careers
There are many obstacles that prevent women from being able to enter the field of finance. A lack of role models is a major barrier. Financial women are often the only ones in their department, which can lead to feeling isolated.

Farsiar admitted that it can be scary to be the sole woman present in the room. "You expect to be flawless at all times and that there should be no errors."

Another issue is the men's club mentality that persists in many financial firms. It is a belief that men are better than women and that they should encourage each other.

Farnoush Farsiar Farsiar acknowledges that there is an element of truth to this assertion. "I have seen it happen personally. Men will make promotions for men, even if they are more competent.

Farnoush Farsiar This"old-boys' club" attitude can lead to discrimination and harassment sexually. Financial women often receive insulting remarks and unwelcome advances by their male colleagues.

Farnoush Farsiar says, "It is certain that it is a problem." "Women working in finance are often treated like commodities, making it extremely difficult for them to be successful."

The last obstacle is the lack of flexible work arrangements. Females are more likely than males to be entrusted with household responsibilities, like caring for elderly or children parents. This means they need flexible work schedules to manage their home and work lives.

"Finance can be a demanding job. It's difficult to balance other obligations. Women often have to choose between their job, their family and their career.

This makes it difficult to be a top financial professional and to enter the field. There are however a few initiatives that can help in overcoming this.

Farnoush Farsiar Believes the Future is Bright for Women in Finance
There are many reasons to be optimistic regarding the future of the financial sector. Numerous initiatives have been undertaken to boost the number of women working in finance and assist women in achieving senior positions.

One such initiative is Women Entrepreneurs Finance Initiative (We-Fi), which is a collaboration with the World Bank Group and 14 governments. We-Fi provides financing and support to women-owned companies in the developing world.

"This is a great initiative because it gives women access to the tools they need to start and grow their businesses," Farsiar said. It also helps them build networks and network with other female entrepreneurs.

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

Farsiar believes the Women in Finance Charter represents significant progress. It encourages financial firms and other businesses to consider gender diversity.

Through initiatives such as We-Fi as well as the Women in Finance Charter, more women get to enter and reach senior positions. This is good news for women as well as the financial sector.



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