Skilled Professionals From Technology & Finance Sectors Are In High Demand Globally

The workforce will have to modify as organizations use artificial intelligence for many tasks. By 2030, remarkable 400,000 full-time jobs in capital markets it includes investment banking, asset management, and brokerage will be dropped as technology and artificial intelligence (AI) replace humans, foretells a research consultancy named Opimas.

But there are chances for masters graduates in finance. The combination of tech and financial knowledge is a delightful spot, as is a thriving Asian economy and new openings in fields such as risk management.

Axel Pierron, managing director and co-founder of Opimas, foretells 66,000 new tech and data science jobs will be produced by 2030 in roles such as computer programming. Opimas noticed that within January and May this year, about 35% of jobs posted by 19 US and European banks and asset managers were for data and tech roles.

Demand for those with technological and financial understanding is exceeding supply, states Andrew Jenkins, head in the Odgers Berndtson, an executive recruitment and search company. Banks, insurance companies, and asset managers increasingly want to hire people who can analyze customer data and deliver insights, to create new products and cross-sell services.

Skills in computer programming are growing a must-have says Heidi Pickett, MiF program assistant dean at M.I.T Sloan School of Management in Massachusetts, U.S.A. Don’t bother putting PowerPoint OR Excel on your resume. Financial institutions are seeing for R, Python, or other programming languages.

Importance of Tech & Finance Skills in Asia

Asia’s thriving economy is another chance for students in finance. It has created many rich private investors who require financial advice, increasing job openings with wealth and asset managers, states Joseph Cheng, director, MSc program in finance at Chinese University of Hong Kong Business School. As money moves from mainland China to Hong Kong, our students are more hired into asset allocation, securities analysis roles, and equities research supporting to create sustainable and optimal portfolios for the wealthy, he states.

Opportunities in Europe

In Europe, meantime, the regulation that accompanied the financial crisis has made students with legal and technical knowledge a prized asset, tells Olivier Bossard, executive director, MSc finance program at HEC Paris business school. There is an increasing demand for our students who can determine and report risks, he says, it includes at banks and consulting firms.

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