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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through barriers and becoming great leaders in many industries. The sad truth is that there are still very few women working in finance. It is likely that this trend won't change anytime soon.

Farnoush Farsiar According to Deloitte Insights, in 2030, only 31 percent of the employees of the financial sector will be women. This begs a one-of-a-kind question: Why are there a lack of women in the finance industry? There are several theories, we decided hear the opinions of an expert. Farnoush Farnoush is a committed financial professional who is a champion for women's empowerment.

Are there women working in finance?

In the U.S., women make up 57% of all workers However, they hold just 24 percent of the financial positions. It is predicted that this number will rise to 28% within the next 10 years from 24% by 2021. But, they're far below parity.

It's not just a problem facing women. Farnoush said it's a serious issue for the business world. Farsiar said that diverse leadership teams are more effective than those with fewer viewpoints. "So it's not only crucial that women are included in these positions; it's also critical for the country as a whole."

There are many theories on how women working in the finance sector aren't as well represented. The most popular theory is that the financial sector is simply too male-dominated and competitive for women to break into. Another theory is that financial careers are viewed as a deterrent for women by peers or their parents.

Farsiar believes that women's exposure to socialization from the age of ten is the heart of the problem. "Women are taught at a young age that they need to be risk-takers and not caretakers. "We're taught not to make risky decisions but to be safe. This doesn't work for a career of finance.

Women are taught to be caring for one another. Farsiar says that women are taught to be courteous and are taught to reduce conflict. "But in the world of finance it is essential to be in a position to defend yourself. You must be able to defend your personal ideas."

Farsiar Asks Where are all the women in finance?
The absence of women in finance is particularly evident at the top levels of the business. According to a study conducted by Pew Researchers only 10% of finance jobs are employed by women in top executive posts. Only 11.5% are women in the top boards of financial companies.

This imbalance has real-world impacts on women who work in finance. Females are more likely to be employed in finance to be promoted than their male counterparts.

The positive side is that the proportion of women who hold senior positions is steadily increasing. Farnoush Farsiar believes it is due in part to the #womenshould campaign, which has created a greater awareness of the issue of lack of diversity. Farnoush Farsiar Farsiar said that she is "convinced" that the #MeToo Movement also was a major influence. Women are speaking out to make a difference.

The financial barriers that stop women from working in finance
There are numerous obstacles women have to overcome in order to be successful in financial services. Lack of role models is a major barrier. This can make it difficult for women who work in finance to become the sole females in their department.

Farsiar acknowledged that it's difficult to be the only female present in the room. "You are expected to be flawless every time and there should be no errors."

Farnoush Farsiar Another barrier is the old boys' club mentality, which still exists in the majority of financial companies. This is the idea that men are better than women and that they should encourage one another.

"There's a lot of truth in it," Farsiar admits. "I have seen it happen in person. Even if the woman has higher qualifications, men still promote others.

This old boys' club mentality can lead to sexual harassment and discrimination. Farnoush Farsiar Female professionals in finance are often subjected ostracizing comments and unwanted advances from male colleagues.

"It's certainly a problem," Farnoush Farsiar exclaims. "Women who work in finance are often treated just like objects. It's not easy to get noticed when women are treated that in that way."

The final barrier is the absence of flexible working arrangements. It is more typical for women to assume the responsibilities of a family, such as taking care of elderly parents or children. They need flexible work arrangements to manage their home and work.

"Finance can be a very demanding job. It can be difficult to manage other obligations. Women are often forced to make a choice between their career or family, as well as their professions.

These obstacles make it very difficult to be an experienced financial professional in the senior level and to enter the field. There are numerous initiatives that are being implemented to address this.

Farnoush Farsiar Thinks There's a Bright Future for Women in Finance
There are many reasons to feel hopeful about the future of women in finance. There have been numerous initiatives launched to increase the number and make it to the top of the financial industry.

One example of such an initiative is Women Entrepreneurs Finance Initiative A partnership that is formed between 14 governments and the World Bank Group. Farnoush Farsiar Farnoush Farsiar We-Fi provides financing and assistance for women-owned enterprises in the emerging countries.

"This is a great initiative because it gives women access to the resources they require to establish and grow their businesses," Farsiar said. It also assists them in establish networks and connect with other women who have succeeded.

Another initiative is the Women in Finance Charter. It was announced by the U.K. government in 2016. The Women in Finance Charter promotes gender diversity.

Farsiar believes that "The Women in Finance Charter" is a major step forward. It's encouraging financial companies to be proactive about gender diversity and has made an impact.

Women are now able to take on the top positions in organizations such as We-Fi as well as Women in Finance Charter. This is good news for both females and the financial sector.



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