Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 percent of banking jobs disappearing in the next five years.
What do you think about it? What would be the most touché fields? Asset Management? Private banking? Ib? Trading floors?
| +24 | How do we get as sharp as possible? | 10 | 7h |
| +18 | Q&A | Analyst | 8 | 3d |
| +14 | Best way to kill time? | 10 | 4h |
| +13 | How Are Cornell 7 / GC Members Affecting Your Bank or Firm? | 5 | 1d |
| +12 | Upselling yourself when you’re unqualified | 2 | 4h |
| 0 | Analyst Y1 - Messed up In First Week | 2 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Technology is a tool. The article points out the painfully obvious. Technology will be used to decrease inefficiencies. Overall the number of firm employees will likely rise. There is consensus seems to be that the client facing "soft skills" job will become MORE valuable in a increasingly technological world e.x. front office.
The demand for technical skills employee will keep rising. There will be no shortage of required people. If there is a decrease, it will be in the lower/easier tasks to perform.
People have often criticized technology and stating it will take away jobs. However, people do not understand what a bug is, or system error messages, or software development life cycle. Software is just another tool to use,, like a hammer or screw driver.
There will always be an increased demand for skilled professionals in the field. I do not see a shortage anytime soon.
On the off-topic, I did have a friend who was an engineer leave for plumbing school, having feared his job was going to be outsourced.
Nostrum labore eum libero quos porro cupiditate. Pariatur illo animi alias amet placeat consequatur. Reprehenderit commodi id dolorum enim dolorem dignissimos soluta. Voluptatibus eum vel qui quibusdam. Dolor molestias consequatur voluptas dolorum. Eum quo ratione sunt harum vel voluptatum molestiae.
Eligendi tempora repellendus adipisci sunt deserunt. Saepe est adipisci quia omnis vero qui ea eum. Hic aut aut quidem possimus nam accusamus omnis. Placeat quam et delectus molestiae. Deleniti sunt culpa possimus labore velit saepe voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...