Quantitative Finance Faces AI Skills Gap
Key Highlights Only 9% of new graduates are considered “AI-ready” for quantitative finance roles 83% of respondents use or develop AI tools, despite limited understanding of AI and machine learning 44% of respondents reported substantial productivity improvements thanks to AI The quantitative finance industry is facing a significant challenge in terms of AI adoption. A recent survey by the CQF Institute, a worldwide network for quantitative finance professionals, reveals that fewer than one in ten specialists believe new graduates possess the necessary AI and machine learning skills to succeed in the industry. This highlights a growing issue in quantitative finance: a lack of human understanding and fluency in the language of machines. As AI becomes increasingly important for success, it’s a worrying trend that experts say the industry must address through improved education, training, and upskilling initiatives. ...