Roundel

AI & Big Data: Advances In Technology Could Be Putting MBA Jobs At Risk

AI & Big Data: Advances In Technology Could Be Putting MBA Jobs At Risk
Singapore's financial services workers fear the rise of the machine

MBAs in financial services are the most likely to lose out to machines

21/10/2016

Technology could be putting MBA jobs at risk. 

According to a new study by salary benchmarking site Emolument.com, 30% of MBAs and Masters in Management grads, and 40% of Masters in Finance grads feel their jobs are at risk. 

Traditionally, low-skilled jobs have been regarded as most vulnerable to the rise of robotic machines. However, those without degrees feel the least worried about losing their jobs to technology.

“While some functions still require a human touch none are unscathed, with even sales jobs being obliterated by efficient machines,” says Alice Leguay, founder and COO at Emolument. 

“Jobs in the financial sector are becoming more and more technical: employees are expected to control or at least understand the technological automated processes necessary to fulfilling their professional tasks.”

Forty-three percent of the financial services professionals surveyed felt their jobs were under threat from the looming presence of technology, compared to 33% in sales. Trading algorithms, machine learning and automated trading platforms are sweeping across the sector.

Such a pattern is likely to result in mounting redundancies over the next decades. And a large proportion of Singaporeans (49%) and Swiss (44%) believe their jobs in their respective global financial hubs are threatened by technology.

Indian professionals displayed the second-highest levels of anxiety, at 48%. Their fears are likely impacted by the country’s status as a leading outsourcing hub; outsourcing is often regarded as a precursor to automation.

It’s not all bad news for MBAs. Less than 20% of project managers feel threatened by the rise of the machines. Just 18% of marketing professionals felt their jobs were at risk. Despite the rise of data-driven marketing strategies, there’s still a real need for creative, human input. 

Emolument surveyed 900 professionals across a variety of industries, asking them one simple question:

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