32m
Number of Professionals in Financial Services Globally
$145trn
Size of Global Asset Management Industry by 2025
34k
Number of Alternative Funds by 2023
Credo Thematic Framework
A number of long-term secular trends are reshaping the finance industry and creating new opportunities and career paths for candidates that did not exist before. To help better understand this opportunity, we have devised the ‘Credo Thematic Framework’, which outlines three key megatrends that are reshaping the sector over the next 10-15 years:
Crisis shift
- What? The 2008 crisis has led to regulatory change in the banking sector, meaning banks cannot operate like they once could and have had to reduce or even close down some business lines.
- So what? This has led to the rise of ‘alternative’ non-bank institutions and the creation of thousands of new jobs across Private Equity, Hedge Funds and other Asset Managers.
Generation A, B... 'Z'
- What? The rise of ‘Millennials’ and ‘Generation Z’ has created unique challenges for firms in terms of employee satisfaction and retention; with newer generations more ambitious than ever and therefore requiring constant progression and an intellectually challenging career.
- So what? This had led to an acceleration in career development and progression for people entering the finance sector and firms imparting more responsibility to junior staff by providing more varied, exciting and relevant work!
World...Wide...Tech!
- What? Technology has disrupted the finance sector at an astonishing rate; changing how organisations and job roles are managed.
- So what? This has led to mass job creation amongst financial institutions with a growth in technology-enabled jobs in particular. Did you know that 25% of an investment banks workforce are software developers?
Others: Our team has identified other long-term trends that will lead to growth in the number of finance careers that focus on:
i) Environmental issues and challenges
ii) Allocating capital to developing countries and
iii) Supporting government projects and initiatives
Jobs in Finance
Investment Banking
Private Equity
Hedge Funds
Other
Investment Banking
Investment banks advise clients looking for investment opportunities with parties interested in finding investors.
Private Equity
Direct investments in private companies with the aim to profit from growing the value of the business.
Hedge Funds
Investment companies that seek positive returns through complex trading strategies and portfolio construction.
Other
Venture Capital – investments in early-stage companies to profit from growing an idea into a larger company.
Private Debt – investments in companies through various debt related products by specialist lenders.
Real Estate – investments in property through debt or equity.
*CFA Institute (2017)
*PwC (2017)
*Preqin (2018)