Even Wall Street investors think Gen Z should quit finance for tech


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The advantages of technology consistently outweigh the disadvantages. Morsa Image – Getty Images

Robots are here for your job. At least, that’s what the investment class thinks.

last week, bloomberg surveyed 678 investors about the future of work as part of the Markets Live Pulse survey. Nearly 40% of respondents said that elementary school-aged children, known as Generation Alpha, should work in healthcare if they want an AI-enabled job when they grow up. Jobs in the medical field rely almost entirely on human interaction, and as it stands, I doubt they will be easily replaced by artificial intelligence or her ChatGPT.

They were also surprisingly bearish on their field of finance. Only 12.4% said this area was the most AI-tolerant for kindergarteners.

The image after graduating from high school will change completely. In that age group, 51.3% bloomberg Respondents encourage careers in the technology industry. Healthcare was the second most popular industry, followed by finance, followed by social media, sports, and others.

In a previous MLIV Pulse study, bloomberg Most workers in the financial sector say they are confident AI will not replace their jobs within the next three years. In the long run, however, that confidence has been shaken by the events and revelations of the past year.

“In investment banking, people are hired out of college and spend a couple of years working like robots and doing Excel modeling. We can let AI do that,” says Rochester Institute of Technology. Pengcheng Shi, dean of the computer science department of the department, said new york post in January.

Furthermore, “AI can identify trends in the market, highlight which investments in a portfolio are performing better and worse, and tell it all, then use data in various forms, for example from financial firms. This allows us to predict a better mix of investments,” said Mark Muro, a senior fellow at the Brookings Institution who studies the impact of AI on the U.S. workforce. insider.

In the tech world, the fact that layoffs have been rampant this year after rampant overhiring during the pandemic seems to have received little attention from respondents. Despite the risks inherent in working for giants such as Salesforce, Meta, and Twitter today, technical skills are still in high demand, and the industry-wide positives outweigh the negatives.

said Andrew Challenger, senior vice president at HR consulting firm Challenger, Gray. & said Christmas bloombergBut even if healthcare may reign supreme in 50 years, technology and finance will still be the most lucrative options for the foreseeable future, he predicts.

The proof is in the pudding. When Big Tech and Silicon Valley cut hundreds of thousands of jobs, other companies in various industries took action, recruiting and hiring the same people for different jobs. This is another point in favor of workers with technical skills.

“For all the big tech companies that are laying off, there is still [small and midsize] Companies in these markets are eager to absorb talent,” said Megan Slavinski, president of the Bay Area and Pacific Northwest region at staffing firm Robert Half. Fortunes Ann Slayers. “As soon as people are on the market, they are being chased and absorbed by other industries and other companies.”

Working in healthcare has also proven to be a lucrative decision. The world population is getting older and frail. By 2040, the aging elderly population is expected to reach 80.8 million today, already at a record high. According to the United Nations, by 2050 the proportion of “older people” will reach an estimated 1.6 billion, making him 16.5% of the total population. As a result, many economists expect a huge demand for healthcare workers.

One thing that cannot be outsourced to robots or ChatGPT anytime soon is haptic jobs. 74% of Bloomberg survey respondents say a college degree is worth the time and effort, but careers in the industry, such as working in HVAC or as a driver, are not. Some suggested that it could be an advantageous and wise decision. Needless to say, that means avoiding the unimaginably high student loan debt that even the most advanced AI struggles to pay off.

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