72% of financial advisors with less than 3 years’ experience fail to stay in the industry, often due to challenging work or opportunities elsewhere.
And now with the onset of AI tools that are rapidly replacing the foundational work of entry-level analysts and advisors, younger people are questioning the viability of such an intensive career path.
Finance organizations are already feeling the impact.
These are some of the key roles in decline:
Financial Advisors
-43%
Financial Managers
-29%
Sales Agents
-24%
Loan Officers
-19%
Learn more about the growing workforce crisis.
Access the E-BookThe Finance and Insurance Industries Are At A Crossroads
Broadening the scope of workforce planning with labor market data is crucial. Lightcast research shows that while AI skills are growing, their exposure across financial services job postings and profiles is still in early development stages.
Conversely, customer service, compliance, and relationship-focused skills are surging. This mismatch underpins the risk in the industry: while many are preparing for the technological future, they may be overlooking the labor conditions of the present.
