G A U G I N G T H E M A R K E T
G A U G I N G T H E M A R K E T
AI could impact up to a third of Europe ’ s finance roles – especially at entry-level
The majority ( 66 %) of executives surveyed believe that over the next year up to a quarter ( 25 %) of current European financial services roles could be impacted by ongoing AI integration , and 93 % of executives say up to 10 % of roles could become redundant . Despite this , only a quarter ( 25 %) report their firm has an established training programme in place , 43 % say plans are still in their infancy , and 29 % confirm they currently have no training programmes in place – 12 % of whom say they have no plans to develop one .
Entry-level positions are expected to be particularly impacted , with 59 % of leaders believing AI technologies will have a significant or even transformative impact on the roles and tasks undertaken by those joining the workforce . Despite this , only 24 % of executives plan to restructure entry-level roles and responsibilities , and just 25 % plan to integrate AI training within their graduate programme ( down from 35 % in 2023 ).
Over a third ( 35 %) say they have not taken any action to offset any potential knockon impacts of AI adoption on the junior workforce ( up from 28 % in 2023 ).
Business areas demanding AI expertise and attributes leaders look for in new hires
For the second year running , the business area that has the highest
GENAI IS DEVELOPING FASTER THAN MANY OTHER TECHNOLOGICAL INNOVATIONS OF RECENT TIMES , AND DEMANDS NEW , PROGRESSIVE SKILL SETS .
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