Type of Job:

White collar
Generative AI will change white-collar jobs by automating tasks, improving efficiency, or creating new roles. Highly educated jobs may face the most disruption, while blue-collar jobs may thrive.

What Constitutes Artificial intelligence (AI)?

Artificial Intelligence (AI) is a technology that allows systems, whether software or machine-based, to autonomously make predictions, recommendations, or decisions that impact both real and virtual environments without the need for constant human guidance or intervention.

Sources

Author:

Juan D. Montoya

Juan D. Montoya

Economist and AI researcher.

Will Financial Specialists be replaced by AI & Robots?

Financial Specialists risk of being automated:

Low

This job has a low likelihood of substantial automation within the next 20 years, placing it in the lower quartile for automation probability among occupations.

Current Degree of Automation:

45
(1-100)

Source

Key findings

GenAI is poised to revolutionize the work of Financial Specialists, All Other.

By automating tasks like number crunching and market analysis, it will enhance efficiency and accuracy.

While AI can handle routine coding and data entry, professionals will still need skills like critical thinking and judgment for complex problem-solving.

GenAI’s ability to generate text and multimedia content will streamline decision-making processes.

It will complement, not replace, the skills required for financial analysis and management.

How could AI or automation replace or complement job activities?

In the field of finance, AI, automation, and LLMs like Chatgpt could not replace a Financial Specialist, but they could enhance certain processes.

These technologies could streamline data analysis, report generation, and compliance monitoring.

For instance, AI can quickly analyze financial trends, allowing Financial Specialists to focus more on developing tailored strategies for clients.

Job description

Assist with financial tasks.

Consequence of Making Errors

45

(1-100)

Moderately serious Source
The consequence of errors in finance jobs like Financial Specialists doesn't directly indicate automation potential.

How Repetitive is the Job?

54

(1-100)

Important Source
Financial specialists face a higher risk of automation due to their repetitive tasks. However, automation usually targets specific tasks, meaning some roles may evolve rather than disappear entirely in the coming years.
Average Anual salary USD$
$83,580
Number of profesionals in USA
#

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Do you think Financial Specialists will be replaced by AI?

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