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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through barriers to achieve great success across a variety of fields. It is a sad fact, but women only make up a tiny percentage of finance professionals. It's not likely to change, unfortunately.

Deloitte's insights estimates that 31% of financial sector employees will be women in 2030. Farnoush Farsiar The question is how come there isn't a lot of women in finance? There are numerous theories, we decided hear the opinions of an expert. This is why we spoke with Farnoush Farsiar an accomplished finance professional who is passionate about women empowerment.

Are there any women in finance?

In the U.S., 57 percent are women, but they are held in just 24% of the financial posts. This is expected to increase to 28% over the next 10 years, up from 24% in 2021--still way below parity..

It's not just a problem facing women. Farnoush Farsiar said that diversity can be a problem for economic growth. Farsiar claimed that teams of leaders with differing perspectives are more effective than those without. "So it's crucial that females are represented in these occupations. It's also important for the country."

There are several theories on the reason women aren't represented in the finance industry. One theory is that financial services are too male-dominated and highly competitive for females to enter into. Another theory is that financial careers are discouraged for women by peers or their parents.

Farsiar believes that the socialization of women at an early age is at the root of the problem. Farnoush Farsiar "Women from a young age are taught to be risk-takers, but caretakers. "We are taught to be cautiously and avoid taking chances. And that's just not conducive to a successful career in finance."

It's not just that women are conditioned to take care of their children; they're also socialized to be nice to people. Farsiar stated women were taught to be polite. "But you need to be able to defend your own financial ideas. You need to be able to advocate for your thoughts.

Farsiar What are the fate of all the finance women?
It's especially evident at the highest levels of finance that there are not enough women. Women make up just 10% of the executive positions according to a research study conducted by Pew Research. https://www.anochords.org/farnoush-farsiar-discusses-how-women-business-leaders-are-tackling-the-difficulties/ Only 11.5 percent of women sit on the top financial company boards.

This imbalance has real-world impact on women who work as financial professionals. Farnoush Farsiar This means that women are less likely than men to be promoted and more likely to quit the finance sector.

Farnoush Farsiar The positive side is that the amount of women in senior roles is slowly but surely increasing. Farnoush Farsiar believes it is due in part to the #womenshould Campaignthat has brought about a greater awareness of the lack of diversity. Farsiar believes that the #MeToo campaign has had an amazing influence on her life. Farnoush Farsiar Women are speaking out to demand change.

Obstacles for women pursuing finance
There are numerous obstacles that prevent women from getting into finance. A lack of role models for women is one of the most significant obstacles for women pursuing finance. Women in finance are often the only woman in their department and can lead to isolation.

Farsiar said that being the sole female in a room could be extremely stressful. Farnoush Farsiar "It makes you feel like you need to be flawless all the time and you shouldn't make any mistakes."

Another problem is the "old boys' club" mentality that is still common in many financial companies. This is the belief in that men support other men and women are excluded.

Farsiar admitsthat "There's lots of truth to that." "I've seen this happening personally. Men will make promotions for men, regardless of whether they're better qualified.

This"old boys' club" attitude can lead to discrimination and sexual harassment. Many male colleagues in finance frequently make sexist remarks towards women and make inappropriate advances.

"It's definitely an issue," Farnoush Farsiar exclaims. "Women working in finance are typically considered to be objects. It's difficult to make progress when you're treated this way."

Inflexibility in working schedules is another obstacle. It is more common for women to be able to handle the responsibilities of a family, such as taking care of their parents, elderly parents, or children. Flexible work schedules are essential for women to be able to balance work and family life.

"Finance can be a demanding job. It's hard to balance other obligations. Women often have to choose between their work as well as their family.

This makes it very difficult for women working in the financial industry to reach high-ranking positions. There are however a few initiatives that can change this.

https://www.talk-business.co.uk/2022/06/21/fanoush-farsiar-on-the-importance-of-gender-lens-investing/ Farnoush Farsiar believes the Future is Bright For Women in Finance.
There are numerous reasons to be optimistic about the future for women in finance. There are many initiatives designed to boost the numbers of of females employed in the financial industry and to help them reach higher positions.

One such initiative is Women Entrepreneurs Finance Initiative A partnership that is formed between 14 governments and the World Bank Group. We-Fi provides financing and support to women-led businesses in the developing world.

Farsiar stated that this is an excellent initiative, as it gives women the tools they need to expand and begin their own companies. "It will also assist in building networks and networks and also connect with other women who have made it successful."

A different initiative is the Women in Finance Charter, that was launched by the U.K. government launched in the year 2016. The Women in Finance Charter is a pledge made by financial companies to promote gender diversity.

"The Women in Finance Charter is an important step in the right direction," Farsiar encourages. It encourages financial institutions and other businesses to consider gender diversity.

Women are more likely to be promoted and are more likely to hold senior financial positions thanks initiatives like We-Fi. This is a good thing for women and the financial sector.



Website: https://www.anochords.org/farnoush-farsiar-discusses-how-women-business-leaders-are-tackling-the-difficulties/