Will AI Replace Finance Jobs?

by a searcher from Instituto Tecnológico de Buenos Aires

1 month ago

AI is transforming everything, including finance. Are these jobs at risk? 

McKinsey estimates that up to 45% of finance tasks could be automated with current technology. The tasks with the highest risk include risk management, fraud detection, and financial analysis. 

However, AI is not just about displacing jobs—it also creates new opportunities. The World Economic Forum suggests that by 2025, AI might displace 85 million jobs but create 97 million new ones across various sectors.

What do you think? How do you see the future of finance jobs with AI? Share your thoughts.

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11 comments

searcher from University of Oxford

In the short term I think it makes more sense to thing of AI Agents as a co-pilott for finance jobs rather than a replacement. In the medium term though I think that it will have a material impact on where people spend their time which will mean certain early adopters will be much more productive than their peers. Really the biggest risk is not taking it seriously, like if airplanes were just invented and you insist on taking the train!

1 month ago | like reply | 0 likes

searcher from Stanford University - Graduate School of Business

I can see this for more analysis heavy roles but much less for client facing roles. AI so far is still choppy with math but once the accuracy in calculations can be perfect, then a faster industry transformation is likely in analytical/manual roles. For client facing roles, they'd likely work more efficiently with AI than be replaced since clients will always need face time to for support and to justify their spend.

1 month ago | like reply | 0 likes

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