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CEO NA Magazine > News > Generative AI expected to change jobs in banking, tech

Generative AI expected to change jobs in banking, tech

in News, Opinion
Generative AI expected to change jobs in banking, tech
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Generative AI is expected to have the biggest impact on high-paying, white-collar jobs, such as those in in banking and tech, a new report says. Companies most likely to be affected include JPMorgan Chase, Goldman Sachs, Morgan Stanley, Google, Meta and Microsoft.

The report examines hundreds of corporations, estimating the share of payroll that goes to the 200 jobs where generative AI is supposed to bring the most change, including business analysts, database administrators, lawyers, marketing managers, project managers and software developers.

“There’s no question the workers who will be impacted most are those with college degrees, and those are the people who always thought they were safe,” said Matt Sigelman, president of the nonprofit Burning Glass Institute, which prepared the report alongside SHRM. The report advises employees to be ready for AI in the workplace, although it does not predict whether there will be significant job loss.

Johnny Taylor Jr., chief executive of SHRM, recommended new workplace training, adding that “corporations and governments are going to have to seriously invest to get ahead of this.”

Tags: AIBankingCEO North AmericaChief Executive OfficerGenerative AIJobstech

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