Being AI-savvy could lead to higher compensation for professionals, especially in sectors like professional services, information and communication, and financial services. PwC's AI Jobs Barometer report shows that jobs requiring AI expertise are in high demand and carry an average wage premium of up to 25% in the U. S. This trend is evident in roles like sales and marketing managers and financial analysts who can earn wages that are 43% and 33% higher, respectively, when AI skills are involved. However, the financial services industry, while increasingly requiring AI skills, remains cautious due to heavy regulations.
In response, organizations like Citi and Morgan Stanley are launching initiatives, such as the AI Readiness for Financial Services Industry Special Interest Group, to address the challenges of adopting AI technology. Overall, PwC's research indicates that job growth in AI-demanding roles has outpaced all jobs since 2016, suggesting that AI brings gradual job growth rather than job losses. With the wages for AI-related jobs rising, workers are increasingly motivated to upskill.
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