Notes

Farnoush Farsiar - Why are there so few women working in finance?
Women are breaking through the barriers to achieve great success across a variety of fields. The sad reality is that only a tiny percentage of women work in finance. It may not change soon but it will be a long time before that happens.

https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/ According to Deloitte Insights, in 2030, only 31 percent of financial sector employees will be women. It raises the one-of-a-kind question: Why are there so little women in the finance industry? Although there are several theories, we decided learn the views from an expert. Farnoush Farnoush is a passionate finance professional and an advocate for women's empowerment.

Are there women in finance?

Farnoush Farsiar The U.S. employs 57% women However, just 24% of them hold financial positions. The expected increase in women's participation will be 28 percent over the next 10 years and rising from 24% by 2021. This is still much less than parity.

Farnoush Farsiar The absence of diversity isn't just a concern for women. It's also a problem for the economy, according to Farnoush Farsiar. Farsiar stated that diverse leadership teams have more impact than teams that have less perspectives. "So it's essential that there are females working in these fields. This is also important for the country as a whole.

There are many reasons women are not present in the financial world. One theory suggests that the financial industry is highly male-dominated and competitive, making it difficult for women to enter. Another theory suggests that females are not urged by their families to pursue finance careers.

Farsiar believes the source of the problem lies in the way women are treated from an early age. "Women are taught from an early age to be caretakers rather than risk-takers. "We are taught to be safe and to not take chances. This isn't the most effective way to go about an investment career.

It's not just the fact that women are conditioned to take care of their children They're also taught to be people-pleasers. Farsiar stated that women were taught to be polite. "But in the field of finance, you must be able to stand up for your thoughts. You need to be able advocate for your own ideas."

Farsiar: Where are all the Finance Women?
The lack of women in finance is especially pronounced at the highest levels of the field. A 2016-2017 study done by Pew research found that women make up just 10% in executive-level roles. Women are the holders of 11.5 percent of financial company board seats.

This imbalance could have real-world consequences for women in finance. Women are less likely to be employed in finance to be promoted than male counterparts.

Good news is that women are slowly however, steadily, advancing in higher posts. Farnoush Farsiar believes it is due in part to the #womenshould Campaign, which has led to a more widespread awareness of the issue of lack of diversity. Farsiar stated that she was "convinced" that the #MeToo movement also was a major influence. Women are speaking up to demand change.

Women are unable to access financial aid because of their gender. from pursuing careers in finance
There are numerous obstacles women have to overcome in order to enter the field of the world of finance. https://www.highlandcountychamber.com/farnoush-farsiar-why-are-women-so-scarce-in-finance/ Lack of role models for women is among of the biggest obstacles to women pursuing finance. Finance women are typically the only female employees in their field and this can cause them to be lonely.

"It can be really intimidating being the only woman in the room," Farsiar said. Farnoush Farsiar "You expect to be flawless every time and there should be no errors."

Another obstacle is another one is the "old guys"club" mentality in many financial firms. This is a reference to the notion that men are the ones who promote men while women are left out.

Farsiar admits "there is some truth to that." Farnoush Farsiar "I've observed this firsthand. Men will promote men even if they are more qualified.

This"old boys' club" mentality can also result in discrimination and harassment of women. Women in finance are frequently subject to unwelcome advances and demeaning comments from male counterparts.

Farnoush Farsiar declares, "It's certainly an issue." "Women working in finance are usually treated like commodities, which makes it very difficult for them to achieve success."

Last but not least, there is the issue of unflexible work arrangement. Women are more likely to take on the responsibility of caring for elderly parents and children. These women need flexible working arrangements in order to balance work and family.

"Finance is a very stressful industry, and it's hard to keep up with the demands when you're also juggling other obligations. Women often are forced to choose between family and work.

These barriers make achieving high-level posts in the financial services industry extremely difficult for females. However, there are a few initiatives that can help change this.

Farnoush Farsiar believes that the future is bright for women working in the field of finance.
There are many reasons to be hopeful about the future of the financial industry. Many initiatives are taking place to boost women's involvement in the financial market, and to help women in their quest for senior roles.

Women Entrepreneurs Finance Initiative(We-Fi) is one of the initiatives. It's a collaboration between World Bank Group and 14 countries. We-Fi is an investment and support program for women-led businesses in developing economies.

"This is a fantastic initiative as it provides women with access to the resources they need to begin and expand their businesses," Farsiar said. "It also helps build networks and make connections with other women who are successful."

A different initiative is the Women in Finance Charter. The U.K. government launched it in 2016. The Women in Finance Charter is a commitment of financial institutions to encourage gender diversity.

"The Women in Finance Charter is a great step forward," Farsiar encourages. "It will encourage financial institutions to adopt actions regarding gender diversity. It's moving forward."

Women can now enter senior positions through initiatives such as We-Fi as well as Women in Finance Charter. This is good news for women and for the financial industry.



Homepage: https://controlc.com/0333f86a/new.php