Notes

Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking down barriers and experiencing great success in various fields. The sad truth is that there are very many women in finance. It's unlikely to change, unfortunately.

According to Deloitte Insights In 2030 the number of financial sector employees will be female. It raises the question: why are there so little women in finance? While there are several theories, we decided learn the views from an expert. Farnoush Farnoush an accomplished finance professional who is devoted to women's empowerment is the reason we sat down with her.

How many women are employed in finance?

The U.S. has 57 percent of the workforce is female but only 24% jobs in the financial sector. It is expected that the number will grow to 28% within the next 10 years, up from 24 percent in 2021. But it still falls far short of parity.

Diverseness isn't only a problem for women. It's a major issue in the business world, according to Farnoush Farsiar. Farsiar noted that diverse leadership teams have better results than teams who have less perspectives. "So it's essential that there are females in these professions. It's also crucial to the country in general.

There are many theories about why women in the financial industry are underrepresented. One theory is that financial services are too masculine and competitive for females to get into. A different theory suggests that their parents and their peers discourage women from pursuing financial careers.

Farsiar believes women's socialization from an early age is the source of the issue. "Women are taught at a young age that they should be risk-takers and not caretakers. "We're taught not to take chances, but instead to play it safe. https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ This isn't the most effective approach to pursue the field of finance.

Women are socialized to be caring for one another. https://www.highlandcountychamber.com/farnoush-farsiar-why-are-so-few-women-in-finance/ Farsiar states that women are taught to be courteous and avoid conflict. "But you have to be able to defend your own financial ideas. You must be able advocate for your ideas."

Farsiar - Where is all of the women working in finance and accounting?
It's particularly apparent at the top of finance, that there are not enough women. According to a research study from 2016-17 by Pew. They also hold only 11.5 percent of board seats at financial companies.

This disparity has a real-world effect on women working as financial professionals. Women are less likely to be employed in finance to get promoted than their male counterparts.

It's great to know that there's an increase in the number of women who are employed in higher posts. Farnoush Farsiar believes this partly due to the #womenshould movement which raised awareness of the lack of diversity. Farsiar believes that the #MeToo campaign has had an amazing influence in her personal life. Women are beginning to get their voices heard and demanding change."

The financial barriers that stop women from working in finance
A number of obstacles prevent women from going into finance. A lack of role models is among the major barrier. Financial women are often the only ones working in their department, which can result in isolation.

Farsiar admitted that it can be intimidating to be alone in a room that is only one person. "You are conditioned to be flawless all the time, and you shouldn't be able to make any mistakes."

Another obstacle is another issue is the "old boys' club" mentality still prevalent in many finance companies. This is a reference to the idea that men promote other women, while women are excluded.

Farsiar admits "there is some truth to this." "I've seen it happen firsthand. Even if the woman is a better candidate, even if she has greater qualifications, men are still able to encourage other people.

This"old-boys' club" mentality can lead to discrimination and harassment of women. Farnoush Farsiar Women in finance are often targeted for sexist comments and unwelcome advances by their male counterparts.

Farnoush Farsiar declares, "It's definitely a problem." "Women working in finance are often treated just like objects. It's difficult to get noticed when women are treated that in that way."

The last issue is the absence of flexible working hours. Females are more likely than males to have household responsibilities, like taking care of children or elderly parents. They require flexible work arrangements that allow them to balance their home and work lives.

"Finance, being a complex field, can be difficult to handle when you have other responsibilities. Women are often forced to make a choice between their career or family, as well as their career.

These barriers make it extremely difficult for women in the financial industry to reach high-ranking positions. But, there are several initiatives being implemented to improve this.

Farnoush Farsiar Believes the Future is bright for women in Finance
There are many reasons to be hopeful about the future of the financial industry. There have been numerous initiatives launched to increase the number and reach the highest levels of the financial sector.

Farnoush Farsiar One of these initiatives is Women Entrepreneurs Finance Initiative (WeFi) It is a partnership of the World Bank Group & 14 governments. We-Fi helps women-owned businesses in developing nations by providing financing and support.

Farnoush Farsiar Farsiar stated, "This program is a great one because it gives women the tools and resources to begin and expand their companies." "It can also help women create networks and networks with other women who have succeeded."

The Women in Finance Charter, created by the U.K. in 2016, is an additional initiative. The Women in Finance Charter is a pledge by companies in the financial sector to promote gender diversity.

Farsiar says the Women in Finance Charter "is an incredible leap in the right direction." Farnoush Farsiar "It encourages financial firms to make changes to improve gender diversity, it's making strides."

Women tend to be more likely to be promoted and have the opportunity to hold senior financial positions thanks initiatives like We-Fi. This is a great thing for women as well as the financial sector.



Here's my website: https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi