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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking down more barriers and enjoying great accomplishments in many fields. However, the sad truth is that very few women are working in finance. This may not change anytime soon, however.

Deloitte's insight says that by 2030, only 31 percent of employees will be female financial industry employees. It raises the question: why are the gender gap so low in the finance industry? There are a myriad of theories on the internet, but we wanted to get an opinion from an expert in the field. We conducted an interview with Farnoush Farsiar an accomplished finance professional who is a firm believer in women's empowerment.

What proportion of women are employed in finance?

Farnoush Farsiar The U.S. employs 57% women, but only 24% hold financial positions. It is predicted that this number will rise to 28% in the next ten-years, from 24 percent in 2021. But it still falls well short of the parity.

Diverseness is not only an issue for women. Farnoush Farsiar is of the opinion that it's a problem that affects the economy. Farsiar pointed out that leadership teams with diverse perspectives are more effective than those that have fewer perspectives. "So it's not just important that women are 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 field of financial services. Farnoush Farsiar The most popular theory is that the finance industry is too masculine and competitive to permit women to make it into. Another theory suggests that the parents and their peers aren't encouraging women to consider career paths in finance.

Farsiar believes that the root of the problem lies in how women are socialized from an early age. "Women begin at an early age to be caretakers, not risk-takers. "We're taught to play it safe, not to take risks. This doesn't work for the field of finance.

Women are socialized to take care of others. Farsiar claims that women are taught to be courteous and avoid conflicts. In finance, however it is essential to speak for yourself. You need to be able to advocate for your ideas.

Farsiar What are the fate of all the Finance Women?
The dearth of women working in finance is particularly apparent at the top levels of the field. A 2016-2017 study done by Pew research found that women make up just 10% of the executive roles. Women have 11.5% of financial firm board seats.

This imbalance has real-world impacts on women who work in finance. They are more likely that their male colleagues will be promoted, and are more likely to leave the profession.

Farnoush Farsiar The good news is that women are slowly, but surely getting older. Farnoush Farsiar believes that this is in part due to the ##womenshould campaign, which has brought about more awareness of the absence of diversity. Farsiar claims that she is certain that the #MeToo campaign produced a profound impact. Women are speaking out to demand change.

Obstacles for women to enter the world of finance
Many obstacles hinder women from pursuing finance careers. Lack of role models is among of the biggest obstacles to women getting into finance. Finance professionals are typically the only woman in their department and this can make them feel isolated.

Farsiar admitted that it's nerve-wracking to be the only female in the room. "It feels like you have to be perfect all the time and that you shouldn't make any errors."

Another obstacle is "old boys"club" This mentality prevails in a lot of finance companies. This is the belief that men are superior to women and that they should encourage each other.

Farsiar admits "there is a lot of truth in this." "I've observed this in person. Men will be promoted by men, even when they're more skilled.

This"old boys' club" mentality can lead to discrimination and harassment of women. http://sc.sie.gov.hk/TuniS/www.talk-business.co.uk/2022/06/21/fanoush-farsiar-on-the-importance-of-gender-lens-investing/ Female finance professionals are frequently confronted with ostracizing remarks and unwelcome advances by male colleagues.

Farnoush Farsiar declares "It's certainly an issue." "Women who work in finance are typically treated like objects. http://p1spb.ru/user/Farnoush.Farsiar9cbbcc33/ It's difficult to be successful when you treat women that in that way."

The last obstacle is the inability to make flexible work schedules. Females are more likely than males to have families responsibilities, for example, caring for elderly or children parents. This means they need flexible work schedules to manage their work and home life.

"Finance has a high-stakes industry. It can be difficult to handle your obligations while working in the finance industry. Women frequently have to pick between their job or family, as well as their career.

These obstacles make it difficult for women to get into the financial industry and to hold high-level post. But, there are many initiatives that are working to improve this.

Farnoush Farsiar Believes the Future is bright for women in Finance
There's every reason to be hopeful about the future of women's careers in finance. There are a variety of initiatives being taken to increase women's participation in the financial market, and to help women as they pursue high-level roles.

One such initiative is the Women Entrepreneurs Finance Initiative (We-Fi), a partnership between the World Bank Group and 14 governments. We-Fi helps women-owned businesses in developing nations by providing funding and assistance.

Farsiar said, "This is an excellent initiative as it provides women with access to the resources they need to help them start and grow their business." Farnoush Farsiar "It can also help build networks and meet with women who have made it successful."

Another initiative is the Women in Finance Charter. This was launched by the U.K. government in 2016. The Women in Finance Charter is a pledge by financial firms to encourage gender diversity.

Farnoush Farsiar Farsiar believes that the Women in Finance Charter represents a significant step forward. "It's encouraging financial institutions to act on gender diversity and is making a difference."

Women can now enter high-level positions thanks to initiatives like We-Fi as well as Women in Finance Charter. This is good news both for women and the financial sector.



Read More: https://www.blogtalkradio.com/farnoush-farsiar5bddcc11