A new survey shows Canadian graduates optimistic about finance careers amid rising AI and tech challenges
A new survey reveals that Canadians who recently graduated with university degrees feel increasingly optimistic about their future career prospects.
This optimism persists despite concerns over artificial intelligence and emerging technologies potentially affecting employment demand across various industries.
BNN Bloomberg reported these findings from the 2024 Global Graduate Outlook Survey, conducted by CFA Institute, which assessed the career sentiment of nearly 10,000 university students and recent graduates worldwide.
Released in May, the data shows that 72 percent of the 700 Canadian respondents, aged 18 to 25, express confidence in their career prospects, particularly in the finance sector.
Globally, 30 percent of respondents ranked finance as the sector they feel most confident in, a six percent increase from the previous year's survey.
Margaret Franklin, president, and CEO of CFA Institute, highlighted the appeal of finance to graduates seeking stability and the chance to make a tangible difference.
She noted that sustainable investment strategies and AI-enhanced investment workflows present opportunities for graduates to shape a more innovative industry.
The survey also found that 28 percent of global respondents believe artificial intelligence and machine learning will not negatively impact their desired jobs.
Additionally, 66 percent see AI as important for career development, and 92 percent believe proficiency in these tools will benefit their professional growth. Only eight percent think AI will not benefit their careers.
According to the press release, 81 percent of graduates recognize the value of post-graduate certifications and qualifications in securing higher earnings and gaining a competitive edge in the job market.
Peter Watkins, senior director of university programs at CFA Institute, observed that these numbers reflect a growing desire among graduates to gain real-world experience and differentiate themselves in a crowded job market.
He added that organizations investing in upskilling and career advancement opportunities will attract the next generation of employees.
