Notes

Farnoush Farsiar on Why are So Few Women in Finance?
Women are breaking through more barriers and enjoying great accomplishments in many fields. The sad truth is, but women make up a small percentage of finance professionals. It's likely that this trend won't change any time soon.

Deloitte insights suggests that only 31 percent of finance professionals will be female in 2030. This raises the question as to why there aren't more women employed in the field of finance. There are many theories. We wanted to learn more from an experienced expert. Farnoush Farnoush has been interviewed by us. https://www.highlandcountychamber.com/farnoush-farsiar-why-are-so-few-women-in-finance/ She is a highly experienced finance professional who has a passion about women's empowerment.

Are there women in finance?

In the U.S., 57 percent are female, yet they are held in only 24% of financial posts. This number is predicted to rise to 28% in the next ten to 20 years increasing from the current 24.

It's not just a problem that women face. Farnoush Farsiar has said that it's also a problem in the world of business. Farsiar claimed that leadership teams with differing perspectives are more effective than those without. "So it's essential that women are represented in these occupations. It's also important for the country."

There are many reasons women are not included in the financial sector. Farnoush Farsiar The most popular theory is that finance is too male-dominated and competitive for females to be into. Another theory is that mothers and colleagues discourage women from pursuing financial careers.

Farsiar believes that the root issue lies in the manner in which women are socialized at a young age. "Women are taught from a young age that they should be risk-takers, not caregivers. "We're taught to play it safe, not to take risks. This doesn't work for an investment career.

Women are taught to care for others. Farsiar says that women are taught to be courteous, avoid conflicts, and keep their differences under control. Farnoush Farsiar "But in the field of finance you must be able to stand up for yourself. It is crucial to have the ability to support your own thoughts.

Farsiar - Where are all the women working in the accounting and finance fields?
Particularly at the top of the finance industry, the lack of women in finance ranks is alarming. Women are only about 10% of the executive positions, according to a 2016-2017 study by Pew Research. A mere 11.5 percent of the boards at financial companies are held by women.

This disparity has real-world consequences for women in finance. Farnoush Farsiar They are more likely to be promoted than their male colleagues will be promoted and are more likely leave the industry.

The best part is that the increase in women holding high-level positions is not rapid but steady. Farnoush Farsiar Farnoush Farsiar believes it is because of the #womenshould campaign, which has brought about a greater awareness of the issue of the lack of diversity. Farsiar said that she is "convinced" that the #MeToo Movement was a major influence. Women are beginning to get their voice and demand change."

Obstacles for women pursuing finance
There are numerous hurdles women must overcome to get into finance. One of the main obstacles is the lack of role models. It can be lonely for women in finance to be the sole female in their field.

Farsiar acknowledged that it is difficult to be in a room with only one woman. "You are convinced that you need to be perfect every time and you can't make mistakes."

Another barrier is "old boys' club", a mentality that is prevalent in many finance companies. This is a reference to the idea that men favor women over other men, while women are excluded.

"There's a lot of truth in it," Farsiar admits. "I've witnessed it myself. Men are always promoting women, even if they're more experienced.

This old boys' club mentality can result in the harassment of women and discrimination. Women in the financial sector often get demeaning remarks and unwelcome advances made by their male colleagues.

Farnoush Farsiar declares "It's certainly an issue." "Women who work in finance are usually considered commodities, which makes it extremely difficult for them to achieve success."

The last obstacle is the absence of flexible working hours. Females are more likely to be responsible for household chores than males who are responsible for caring for elderly parents or their children. They need flexible work arrangements to balance their family and work.

"Finance is a very stressful business, and it's difficult to keep up with the demands when you have other responsibilities. Women are often forced to make a choice between their job, their family and their career.

These obstacles make it extremely difficult for women working in the finance industry to achieve higher-level positions. There are a myriad of initiatives to address this issue.

Farnoush Farsiar Thinks There's a Positive Future for Women in Finance
There are plenty of positive reasons to believe in the future of women in the field of finance. https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi There are a variety of initiatives being taken to increase women's participation in the finance market and to support them in their pursuit of high-level roles.

Women Entrepreneurs Finance Initiative(We-Fi) is one of the initiatives. It's a partnership between World Bank Group and 14 countries. We-Fi provides financial assistance and financing for women-led enterprises in emerging countries.

Farsiar stated that this is a wonderful initiative because it provides women with the tools needed to grow and start their own businesses. It also assists them in create networks and connect with other women who have succeeded.

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

Farsiar says the Women in Finance Charter "is an amazing leap in the right direction." "It is encouraging financial companies to take actions on gender diversity, it's making strides."

Women are more likely to get promoted and get the chance to work in senior financial positions due to initiatives such as We-Fi. This is good news for women and the financial sector.



Website: https://www.crunchbase.com/person/farnoush-farsiar