Whether you are a finance professional just starting out or already experienced in the sector you have chosen to specialize in, staying ahead and up to date can be a challenge. And it is a challenge that is highly necessary. After all, with the changes expected for the future of work , reskilling becomes imperative regardless of your age or position.
In a recent webinar exclusively for LIT students, Prof. Dr. Adriano Mussa , our Academic and Artificial Intelligence Director, reminded finance professionals that, for them, the impact of automating functions must also happen.
Future of Work in Finance
Mussa, who also teaches five finance courses at LIT ( Financial Statement Analysis , Planning and Budgeting , Fundamental Accounting , Corporate Finance I - Cost of Capital and Corporate Finance - Working Capital ), recalled data from institutions such as Mckinsey & Company and PwC, which indicate that if your position can have 70% or more of israel whatsapp data its activities automated by Artificial Intelligence, it is at risk.
Positions that require more creative thinking and social interaction, such as Investment Banker, for example, are considered safe. Areas with repetitive activities and little interaction, such as Accounts Payable and Receivable, can be classified as risky.
Skills needed to stay current
“It is impossible to avoid understanding and seeing the world in a digital way. Finance professionals do not need to be programmers, but they do need knowledge of Artificial Intelligence , Agile Methodologies and Blockchain ,” says Mussa, reinforcing that, at LIT, the content produced in partnership with IBM is a good way to start familiarizing yourself with these terms.
The profile of a finance professional and how to start studying
The professor explains that finance careers mostly begin with technical roles, such as those of a Financial Analyst, for example. After a while in the career, it is possible to move on to become a specialist - in areas such as Credit Analysis and Valuation , for example - or become a leader in the area.
Therefore, professionals could think about their reskilling efforts considering their current space or what they aspire to be. Another interesting way to divide finance professionals is between those who opt for Corporate Finance (companies) or the Financial Market (financial institutions).