Notes

Farnoush Farsiar, Why Are So Few Women in Finance
Women are increasingly breaking down barriers and achieving huge success in a variety of sectors. Farnoush Farsiar The sad truth is, however, that women still only make up a tiny percentage of financial professionals. This is a sad fact that won't change any time soon.

According to Deloitte Insights In 2030 only 31 percent of the employees of the financial sector will be women. This raises the issue of why there aren't more women in the field of finance. https://pastelink.net/m9i84x3v Although there are many theories as to the reasons for this however, we would like to hear from someone who's been working in the field for some time. Farnoush Farnoush, a highly skilled financial professional who is passionate about women's empowerment is our interview subject.

How many women work in finance?

The U.S. has 57% female workforce but just 24% jobs in the financial sector. This number is predicted to grow to 28% over the next ten to 20 years, up from 24% at present.

Diversity is not just an issue for women. It's also a challenge for the economy, as stated by Farnoush Farsiar. "Diverse leadership teams perform better than teams that do not have as broad a range of viewpoints," Farsiar said. It is crucial for women to be represented in these fields. However, it's also essential for the country.

There are many theories about the reasons women aren't represented in the finance industry. The most popular theory is that finance is male-dominated and competitive for women to get into. A different theory suggests that women are not advised to pursue careers in finance whether by their parents or peers.

Farsiar believes that the source of the issue lies in how women are socialized at a young age. "Women are taught at an early age that they must be risk-takers, not caregivers. "We are taught to play cautiously and avoid taking risks. This doesn't work for being a successful career financially.

It's not just that women are socialized to be caretakers; they're also socialized to be people-pleasers. Farsiar affirms that women are taught to be polite, reduce conflict and keep their differences under control. "But in the world of finance you must be capable of standing up for yourself. You should be able and willing to stand up for yourself.

Farsiar Asks Where are all the female finance professionals?
It's especially evident at the top level of finance that there aren't enough women. Women are only about 10% of executive-level positions according to a research study by Pew Research. Women hold 11.5 percent of financial company board seats.

This disparity has real-world consequences for women working in finance. This is why women are more likely than men to be promoted, and are more likely to quit the finance sector.

The good news is that women are gradually, but steadily getting older. Farnoush Farsiar believes that this is in part due to the ##womenshould campaign, that has resulted in a greater awareness of the absence of diversity. Farsiar stated she was "convinced" that the #MeToo Movement has had a huge impact. Women are becoming more vocal and demanding changes.

Women who pursue finance face obstacles
There are numerous hurdles women have to overcome in order to be successful in finance. Lack of role models is just one of the biggest hurdles. This makes it challenging for women in finance to be the only females in their department.

Farsiar stated that it's daunting to be the only female in the room. "It is like you are expected to be flawless every time, and you should not commit any mistakes."

Another issue is the "old boys"club" mindset that persists in many financial firms. This is the idea that men are superior to women and that they should encourage each other.

"There's plenty of truth in that," Farsiar admits. "I've seen this happening in person. Farnoush Farsiar Farnoush Farsiar Men will make other men feel superior even when women are more skilled."

This"old-boys' club" mentality can result in harassment and discrimination. Females in the finance industry are often subjected to demeaning comments and unwelcome advances from their male colleagues.

Farnoush Farsiar declares "It's certainly an issue." "Women who work in finance are usually treated as objects. It can be difficult to make it big when women are treated that way."

Last but not least lastly, there's the issue of unflexible work arrangement. Women are more likely than men to have household responsibilities, like taking care of children or elderly parents. To be able to balance home and work life it is necessary to have flexible work schedules.

"Finance is a very stressful profession, and it's not easy to manage the demands of your job with other obligations. Women are often forced to choose between work and family.

These obstacles make it extremely difficult for women to get into the financial sector and achieve high-level positions. But, there are many initiatives that are working to change this.

Farnoush Farsiar is optimistic about the future of women working in finance.
There are many reasons to feel hopeful about the future of women working in finance. Many initiatives have been initiated to increase the numbers of women who work in finance and assist women in achieving senior positions.

One such initiative is the Women Entrepreneurs Finance Initiative (We-Fi) It is which is a collaboration with the World Bank Group and 14 governments. We-Fi provides financial assistance and financing for women-led businesses in emerging countries.

"This is a great initiative because it gives women access to the resources they require to begin and expand their businesses," Farsiar said. "It can also help women create networks and networks with other women who have succeeded."

Another initiative is The Women in Finance Charter. This was launched by the U.K. government in 2016. The Women in Finance Charter is designed to promote gender diversity in financial institutions.

Farsiar hails "The Women in Finance Charter as a major step forward." Farnoush Farsiar It's urging financial institutions to act on gender diversity and it's making an impact.

Women are more likely to be promoted and have the opportunity to be employed in high-level financial positions due to initiatives such as We-Fi. This is an excellent thing for both the women and financial sectors.



Here's my website: https://kolding-finley.blogbright.net/farnoush-farsiar-discusses-challenges-women-entrepreneurs-face-1657178676