Quote:
Originally Posted by ToothSayer
You sure this doesn't include bank employees? Branches have been closing everywhere. 10,000 since the GFC = 10 employees each? = 100K net job loss from there alone. Given that the average layoff in that graph is maybe 3000/month, that's a big chunk right there.
I'm not in the industry but high end coding/math skills with your finance degree makes the above irrelevant imo. These will also be the last skills to be ceded to robots.
You're probably right that most of these lay-offs are relatively low-skilled employees but even then the trend is downwards for the higher-skilled as well which I can only imagine will accelerate.
This has to go beyond bank tellers:
Fewer jobs available for people with only a Finance degree as there will also be an influx from more technical fields such as CS/AI. I can't imagine what a recession would do.
Our math skills are on par with CS/AI-graduates at best I would say, Finance is a lot of regurgitating old models. We have no (formal) background in coding. I started it a couple of months ago out of interest and have done it more full-time the past 1-2 months.
Basically, I'm trying to gauge how good of an idea it is for an intelligent and ambitious person to start a career in Finance now in light of other options (such as a hard switch to coding).