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Farnoush Farsiar - Why are there so few women in finance?
Women are breaking through more barriers and enjoying huge accomplishments in many fields. However, there are still very many women in finance. Unfortunately, this may not see a significant change in the near future.

According to Deloitte Insights that by 2030 only 31 percent of the employees of the financial sector will be women. It raises the question: why are there a lack of women in finance? There are a variety of theories. https://git.sicom.gov.co/farnoush.farsiar4abbbb33 We wanted to learn more from an expert. Farnoush Farnoush an expert finance professional passionate about women empowerment was our interviewee.

How many women are employed in finance?

The U.S. has 57 percent females in the workforce but only 24% of financial jobs. This figure is expected to rise to 28% in the next 10-20 years which is up from 24% at present.

This isn't a problem only for women. It's also a challenge in the business world, said Farnoush Farsiar. "Diverse leadership teams perform better than ones that do not possess a wide range of viewpoints," Farsiar said. "So it's critical that there are females in these professions. It's also crucial to the country as a whole.

https://www.pinterest.com/farnoush-farsiar6daacc22/ There are several theories as to the reason women aren't represented in the financial sector. One theory is that the financial sector is too male-dominated and competitive for women to enter the field. Another theory is that financial careers are discouraged for women by peers or their parents.

Farsiar believes that the root of the issue lies in the way women are socialized from a young age. "Women from a young age are taught to be risk-takers but caretakers. "We are taught to not risk our lives, but instead to play it safe. This doesn't make sense for an occupation as a financial analyst.

Women are taught socially to take care of others. Farsiar said women were taught to be polite. "But you have to be able advocate for your own ideas in finance. You must be able advocate for your thoughts.

Farsiar asks Where are the females working in finance?
https://www.misterpoll.com/users/farnoush-farsiar6lddcc339 Women are underrepresented in finance, particularly at the top levels. Women make up just 10% of the executive positions, according to a 2016-2017 study conducted by Pew Research. There are only 11.5% are women in the top financial boards.

This inequality has a direct impact on women who work as finance professionals. It is because women are less likely to be promoted than male counterparts, and are more likely not to stay in the field.

It is good to know that there is an increasing number of women working in senior roles. Farnoush Farsiar believes it is because of the #womenshould Campaignthat has created a greater awareness of the lack of diversity. Farsiar states that she believes that the #MeToo movement also has had a significant impact. Farnoush Farsiar Women are starting to speak out and demand change.

Women's financial access is a challenge for women.
There are a number of obstacles that prevent women from getting into finance. One of the biggest obstacles is the lack of role models. It is lonely for women in finance, to be the sole female in their field.

"It is really scary being the only female in the room" Farsiar said. "You feel that you have to be perfect each time and you can't be a fool."

Another obstacle is the traditional boys' club mentality that persists in a lot of financial institutions. This is a belief system in which men encourage other men and women are excluded.

Farnoush Farsiar Farsiar admits "There's plenty of truth in this." "I have seen it in person. Even if the woman is a better candidate, even if she has greater qualifications, men still promote other people.

This old boys club mentality can result in sexual harassment or discrimination. Finance professionals are frequently subjected to demeaning comments and unwelcome advances by their male colleagues.

Farnoush Farsiar declares "It's certainly an issue." "Women in Finance are usually treated like objects. It's hard to get ahead in a world where you're treated like a commodity."

Lack of flexibility in working schedules is another obstacle. Females are more likely to be responsible for household chores than males, such as caring after elderly parents or their children. Women require flexible work arrangements in order to balance work and home.

"Finance is a highly demanding industry, and it's hard to manage the demands of your job when you have other responsibilities. Women are often forced to make a choice between their careers as well as their family careers.

This makes it challenging for women to enter the financial sector and hold senior positions. There are several initiatives aiming to address this.

Farnoush Farsiar Believes the Future is Bright for Women in Finance
There are many reasons to be optimistic about the future financial industry. There are numerous initiatives that aim to boost the numbers of women working in the finance sector and to help them reach higher positions.

One such initiative is the Women Entrepreneurs Finance Initiative A partnership that is formed between 14 governments and the World Bank Group. We-Fi offers financing and support for women-led enterprises in developing countries.

Farsiar stated, "This is an excellent initiative as it provides women with access to resources that can assist them in starting and expanding their business." It also allows them to establish networks and connect with other successful women.

Another initiative is The Women in Finance Charter. This was launched by the U.K. government in 2016. Financial companies have pledged to gender equality through the Women in Finance Charter.

Farsiar believes to "The Women in Finance Charter" is a huge step forward. Farnoush Farsiar "It's encouraging financial institutions to take action on gender diversity, and it's making a difference."

Women are now able to take on senior positions through initiatives like We-Fi and Women in Finance Charter. This is good news for women and the financial industry.



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