Financial and Investment Analysts

5.8/10 job score
AUTOMATION RISK
46%
risk level
POLLING
GROWTH
6.4%
by 2030
WAGES
$83,660
or $40.22 hourly
VOLUME
460,250
as of 2020

What is the risk of automation?

We calculate this occupation to have an automation risk score of 46% (Start worrying)

[More info]
Qualities required for this occupation:
There aren't any important qualities of this job that can't be easily automated
[Show all metrics]

What do you think the risk of automation is?

How likely do you think this occupation will be taken over by robots/AI within the next 20 years?





How quickly is this occupation growing?

The number of 'Financial and Investment Analysts' job openings is expected to rise 6.4% by 2030
'Financial and Investment Analysts' is expected to be an average growing occupation in comparison to other occupations.
* Data from the Bureau of Labor Statistics for the period between 2020 and 2030.
Updated projections are due Sep 2022.

What are the median wages for 'Financial and Investment Analysts' in the United States?

In 2020 the median annual wage for 'Financial and Investment Analysts' was $83,660, or $40.22 hourly
'Financial and Investment Analysts' are paid 99.4% higher than the national median wage, which stands at $41,950
* Data from the Bureau of Labor Statistics

How many people are employed in this occupation?

As of 2020 there were 460,250 people employed as Financial and Investment Analysts.
This represents around 0.33% of the employed workforce across the United States.

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

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Comments

Leave a comment

Kohyar Shaikh (Small chance) says
Since the University Industry basically is a major source of revenue and skilled migrants to many countries especially those that attract a lot of international students like The US, Canada, UK, Australia and Germany and even Turkey and Northern Cyprus. There is a small chance however that all teaching shifts online with pre-recorded stuff.
Dec 05, 2020 at 06:40 AM
Edim (Could go either way) says
Depending on the position.
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.
Jun 27, 2020 at 08:54 PM
ANG BENG KUAN (Could go either way) says
Computer automation will continue to reform financial services and portfolio analysts sector with the advent of robo advisers and financial screening applications that is able to generate systematic results and interpret such outcome into decision-making. Software applications that could filter and differentiate corporate credits, extract data and keywords in business news across web space, and portfolio simulation engine based on risk return optimization.
Jun 27, 2020 at 03:47 AM
Dunkjoe says
Looking at some of the comments, and understanding the industry, for companies employing manual procedures, yes, any job including financial analysts would be likely to be replaced by automation and AI (Smart Learning bots).

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.
Jun 10, 2020 at 05:14 AM
Nick (Highly likely) says
Because its literally just reading back results of formulas. Machine Learning can do the formulas and A.I. can interpret the results
Mar 01, 2020 at 02:41 AM
JTC (Could go either way) says
New products like Qlik Sense and Qlik View automatically generate reports analysts typically do in seconds. (not in hours or days)

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.
Feb 05, 2020 at 04:00 PM
Uwe says
Entry level positions might be automated, because they involve a lot of data entries which any person with a solid knowledge of Python can automate. However, more advanced positions that require more social, analytical, skills that require good decision making won't be automated soon.
Jan 08, 2020 at 12:40 AM
Duncan (Highly likely) says
It is just repetitive date entry.
Aug 26, 2019 at 07:44 PM
Daniel says
we need to take a hand and work for our pasion
Aug 26, 2019 at 02:29 AM
Nico (Likely) says
Many analysts focus only on data collection, analyses and reporting. This tasks can be automated
Aug 09, 2019 at 03:45 AM
seb (Could go either way) says
robots make terrible financial analysts.

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.
Aug 28, 2019 at 12:56 AM
Just-some-guy says
I think you have actually proven yourself wrong with your own statement. All 'trends' can be quantified in some way, and socio-political examples have been trends for many decades, centuries even.
Further more, the statement 'rules you've set for it' is an admission of your own ignorance, since it is through
development of artificial intelligence and machine learning that the likelihood of replacement through automation is even a threat to any industry.

Tldr, robots are becoming better financial analysts every single day.
Apr 10, 2020 at 04:59 PM
kim (Likely) says
it's just statistics and analysis.
Jul 09, 2019 at 06:23 PM
Malek Salibi (Small chance) says
Some reporting automation bound to happen but variance analysis, complex coodination between business units and solid business acumen and knowledge still required for successful business partnership of finance in any organization.
Jun 28, 2019 at 06:07 PM
Razvan. (Likely) says
In the company I work for, Financial Analyst positions have been already moved to other location where the salaries are lower. Also, Sales and Cash Flow are now being predicted using Artificial Intelligence
May 14, 2019 at 01:46 PM
Ahmed (Could go either way) says
There are currently some computer applications that can perform portfolio analysis tasks
May 14, 2019 at 12:19 PM
Ath says
Can you give me an example?
Jul 13, 2020 at 04:13 AM
Ed (Small chance) says
It would take relationship skills as well as analytical skill to replace this sort of job
May 08, 2019 at 07:09 AM

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