Financial and Investment Analysts
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Automation risk
High Risk (61-80%): Jobs in this category face a significant threat from automation, as many of their tasks can be easily automated using current or near-future technologies.
More information on what this score is, and how it is calculated is available here.
User poll
Our visitors have voted they are unsure if this occupation will be automated. However, the automation risk level we have generated suggests a much higher chance of automation: 79% chance of automation.
What do you think the risk of automation is?
What is the likelihood that Financial and Investment Analysts will be replaced by robots or artificial intelligence within the next 20 years?
Sentiment
The following graph(s) are included wherever there is a substantial amount of votes to render meaningful data. These visual representations display user poll results over time, providing a significant indication of sentiment trends.
Sentiment over time (quarterly)
Sentiment over time (yearly)
Growth
The number of 'Financial and Investment Analysts' job openings is expected to rise 8.6% by 2031
Total employment, and estimated job openings
Updated projections are due 09-2023.
Wages
In 2022, the median annual wage for 'Financial and Investment Analysts' was $95,080, or $45 per hour
'Financial and Investment Analysts' were paid 105.3% higher than the national median wage, which stood at $46,310
Wages over time
Volume
As of 2022 there were 291,370 people employed as 'Financial and Investment Analysts' within the United States.
This represents around 0.20% of the employed workforce across the country
Put another way, around 1 in 507 people are employed as 'Financial and Investment Analysts'.
Job description
Conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.
SOC Code: 13-2051.00
Resources
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Comments
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Entry-level it's pretty much just data entry, things that can easily be automated.
On higher levels, it requires decision making, data analysis, and other skills that will be out of any computer's reach for quite some time still.
Overall it's fairly safe from automation as of now. The human brain is still the single best pattern recognition system that we know of and pattern recognition is a large part of Financial Analysis.
However, the Finance Industry requires analysis in association with human bias and understanding, so the very nature of financial analysts is likely not replicable by automation or AI easily.
Unless, everything is automated. But that would mean a large majority of jobs would be gone in every industry.
The machine learning algorithms already can identify data insights and generate data visualizations based on the information.
Financial Analysts work will shift away from data flattening to asking questions about the data.
In the next decade, rather than the CFO asking questions for the lines of business to bring back information, they can text chat a bot to serve up in the information across the entire enterprise. This has implications on existing organizational hierarchies. I would expect a reduction in growth rate of this industry.
a machine can be fed information, divide it based on rules you've set for it, but it cannot make decisions or influence others because of political and socioeconomic trends.
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