What Financial Jobs Are At Risk of Automation?

  • Grace Noto
  • July 7, 2017
  • 0

Financial advisors should be able to escape the rise of automation and artificial intelligence with jobs intact.

That’s according to the data on the probability of computerization released by Carl Frey and Michael Osborne (reorganized into this helpful graphic from Bloomberg); which states that personal financial advisors have a 58% chance of computerization in the future.

That probability might seem high to some, especially as talk of AI obliterating similar jobs continues, but financial advisors will be getting off lightly compared to some other jobs in finance.

Insurance underwriters are definitely worse off, with a 99% chance of future automation in the position. Loan officers and credit analysts, meanwhile, have a 98% chance of computerization.

Financial managers, meanwhile, will wait out the rise of artificial intelligence and computerization with a piddling 7% likelihood of automation.

The full graphic can be found here.

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