Against this backdrop of change, we consider how investment industry roles, skills, and careers (the employee’s lens) and organizational context and culture (the employer’s lens) are evolving to shape the attributes of the investment professional of the future.
This research is relevant for investment professionals in assessing the key decisions about their careers and for investment organizations in understanding the key decisions about their businesses, particularly as they relate to the people model of the firm.(ii)
We look out over the next 5–10 years, a period that represents an important time horizon for organizations and individuals to better face the coming realities, identify the inherent risks, and develop strategic and tactical plans to mitigate them.
Differentiated stories about possible future pathways and states in the investment industry and the wider world. They are not point estimates or forecasts; as relevant stories, they help firms prepare for the future.
Descriptions of the current and future state of industry-specific issues. They help firms with understanding the key details of the evolving landscape in the next 5–10 years. They follow from the scenarios.
By understanding how current trends may affect professional roles, investment professionals can seek out the skills that will be needed to advance their careers. As shown in Exhibit 1, this report is the third in a series that began with Future State of the Investment Profession in 2017, which examines the scenarios influencing the investment industry, and was followed by Investment Firm of the Future in 2018, which unpacks the investment firm into its component parts and introduces narratives to describe how firms must adapt their businesses to succeed against the backdrop of these scenarios. Investment Professional of the Future completes this arc of research by examining the skills and career paths of professionals in this future environment, as well as the organizational context shaping the evolution of professional roles.
The result of these scenarios and narratives is a very competitive jobs environment because the activities of investment professionals are changing and more skills are expected from individuals.
It is into this context that we look at the change factors for investment professionals. Leaders must find ways to fill skill gaps, build effective teams, support on-the-job learning, and foster an environment and a culture that can help professionals achieve both client objectives and organizational goals.