25% of Gen Z Want Finance Careers Amid Cost of Living Crisis

Gen Z is growing up fast, and as this generation’s college graduates enter the work force, a noticeable trend has started to emerge. The CFA Institute recently conducted a survey which revealed that as many as a quarter of Gen Z respondents said that they are looking to start a career in finance. The cost of living crisis might be behind this, because of the fact that this is the sort of thing that could potentially end up forcing Gen Z to find the most lucrative career paths.

This makes finance the single most prominent career sector for Gen Z to focus on with all things having been considered and taken into account. With all of that having been said and now out of the way, it is important to note that it was in 5th place only recently in 2021, but the economic shockwaves that have started overcoming the planet are making finance seem like a much more viable choice than might have been the case otherwise.

After all, 62% of recent graduates said that getting a good salary is their single biggest priority when it comes to selecting the career that they will follow through with. A similar survey conducted by Deloitte revealed that the cost of living crisis is weighing heavily on members of Gen Z. That makes it understandable that so many of them would want to start a career in an industry that deals with financial investments.

In spite of the fact that this is the case, 52% of Gen Z are still of the opinion that they have it easier then their parents ever did. This is a 6 point increase from the 48% that said the same in 2021, so there is a clear upward trajectory that can be seen on this front.

Over half of the people that responded to the CFA Institute’s survey said that they are basing their career decisions on the rising cost of living. This may very well lead to fewer people applying for tech jobs, especially after the massive layoffs that occurred last year.

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