SAN FRANCISCO. June 2, 2025 - The number of financial services executives acquiring AI skills has surged by 80% over the past year, according to the latest industry update from The Barrett Group.
This rapid growth highlights the growing importance of technological expertise in the sector. Executives in Banking, Investment Banking, and International Trade and Development are leading this transformation, with AI skill adoption rising by 153%, 136%, and 141%, respectively, year-on-year.
This rapid growth highlights the growing importance of technological expertise in the sector. Executives in Banking, Investment Banking, and International Trade and Development are leading this transformation, with AI skill adoption rising by 153%, 136%, and 141%, respectively, year-on-year.
The Barrett Group - a premier executive career management firm - estimates that approximately 1.3 million executives are active in the broader financial services market.
With a 3% increase in executive ranks over the past year and nearly 59,000 job transitions, the firm calculates that total executive opportunities in the sector reached around 100,000 positions in 2024. Looking ahead, hiring demand across the industry is expected to remain very strong, in particular for talented, agile executives who evolve along with the industry.
With a 3% increase in executive ranks over the past year and nearly 59,000 job transitions, the firm calculates that total executive opportunities in the sector reached around 100,000 positions in 2024. Looking ahead, hiring demand across the industry is expected to remain very strong, in particular for talented, agile executives who evolve along with the industry.
“All in all, the conditions appear to be relatively positive for continued growth in the overall Financial Services sector, whether due to increasing penetration in an increasingly wealthy population, lower inflation, improving access to capital, almost unlimited innovation, the potential benefits of harnessing AI more widely… the list goes on,” said Peter Irish, chairman of The Barrett Group. However, he notes, “Political upheaval, geopolitical tensions, regulation, and global warming, on the other hand, certainly represent challenges to all of this positive momentum.”
The Barrett Group provides significant value to its clients through in-depth research and analysis of key industry trends. In addition to customized career management programs, it offers monthly Industry Updates that provide valuable insights into evolving sectors, like the Financial Services industry. Its analyses of executive movement, hiring demands, and emerging technologies help its clients make informed decisions about their careers and identify opportunities for growth.
The Barrett Group’s career management program utilizes highly experienced consultants who deliver customized services to clients that seek to renegotiate their current roles or change careers. What sets The Barrett Group apart from traditional recruiting firms is that it works directly for the job candidate rather than employers. It goes beyond simply helping clients get a job. It provides a 360-degree assessment of clients’ needs, helps them define their career goals, then helps them find a perfect-fit position at the highest compensation. The Barrett Group has a 90% success rate with clients who follow the company’s process.
The Barrett Group has been recognised by Forbes since 2020 as one of the best executive recruiting firms in the United States. The ranking is based on an independent survey of peers, industry professionals, and clients. Additionally, it boasts an A+ rating on Better Business Bureau, a 4.6-star rating on Google Business Reviews, and over 80 in-depth success stories by clients on its company website.
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