12.10.25

Wall Street’s AI Adoption Is Set To Drive Hiring Boom, for Now

by: Steven Arons

Wall Street’s adoption of AI is expected to boost hiring in the near term rather than slash jobs, according to a Bloomberg Intelligence survey. About two-thirds of financial services firms anticipate staff growth as they build AI capabilities, while more than 70% expect operating costs to rise over the next three years. The findings suggest AI’s early phase will focus on strengthening systems, managing risk and meeting compliance demands — not immediate cost savings. While productivity gains are expected to outpace expenses, analysts say meaningful efficiency and margin improvements are unlikely before 2027–28. Longer term, investors increasingly see banks as major beneficiaries of AI.

Read the full article on Bloomberg