Is your Career in Investment and Banking Futureproof?
We have all heard it: "There will be no jobs left in the financial services sector by 2030! Sounds like you need to change careers! Now, hold on a second. let us unpack this a bit further before the panic takes hold of us.
I understand. The volume in algorithmic trading has increased dramatically over the last five years. However, we have yet to see evidence of a sustainable outperformance over human asset-and portfolio managers or investment analysts.
After all, markets consist of an ecosystem of various players, who interpret data. Besides this, programming a computer with suitable trading models requires specialists that understand financial markets and possess mathematical skills, not only IT skills. What better way to add those skills while being employed in the financial services sector already, and in control over the time spent on this journey at all times.
Now, how about the banking world? Some forecast that banks will not exist in the future and that bankers will not be needed any longer. Others believe that humans will continue to play a crucial or even more important role in this sector.
While certain banking services are easier to replicate than others, banks are part of a bigger financial system, and as such are able to take on and manage risks in a specialised way. And then similarly to computer trading mentioned earlier, robo-advisors need to be programmed by someone who understands banking as well as human behavior. Many seasoned bankers will be in a good position to take care of this, but they might need to freshen up on the more recent trends and might not have studied formally in a long time or at all.
So, from the more seasoned financial services specialists to those who are just starting out in this exciting field, we encourage you to watch out for Milpark’s School of Investment and Banking’s revamped programs for 2020!
We have added more current modules to cover new and upcoming themes, different assessment techniques to help build future competencies and added new programs to give bankers new avenues for their careers, but also to acknowledge existing knowledge and skills.
Have a look below at what’s on offer for 2020.
Your Dean of the School of Investment and Banking
Dr. Antje Hargarter
21 Jan 2020