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Automation Risk Analysis

Will “Financial Analyst” be Automated?

Historical Context: Oxford Study (2013)

Ranked #213 of 702. Estimated risk: 22.0%

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AI Exposure Risk

65%

“Financial Analyst” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 65% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

22%

“Financial Analyst” will almost certainly not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 22% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Statisticians, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as biostatistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians.

Avg. Annual Salary $112,330
Avg. Hourly Wage $54.01
Available Jobs (US) 29,800
Job Title & Hierarchy Code (SOC) Statisticians #15-2041
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Statisticians”

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Core Skills & Abilities

  • Apply sampling techniques, or use complete enumeration bases to determine and define groups to be surveyed.

  • Report results of statistical analyses in peer-reviewed papers and technical manuals.

  • Identify relationships and trends in data, as well as any factors that could affect the results of research.

  • Prepare and structure data warehouses for storing data.

  • Evaluate sources of information to determine any limitations, in terms of reliability or usability.

  • Plan data collection methods for specific projects, and determine the types and sizes of sample groups to be used.

  • Determine whether statistical methods are appropriate, based on user needs or research questions of interest.

  • Report results of statistical analyses, including information in the form of graphs, charts, and tables.

  • Process large amounts of data for statistical modeling and graphic analysis, using computers.

  • Design research projects that apply valid scientific techniques, and use information obtained from baselines or historical data to structure uncompromised and efficient analyses.

  • Adapt statistical methods to solve specific problems in many fields, such as economics, biology, and engineering.

  • Evaluate the statistical methods and procedures used to obtain data to ensure validity, applicability, efficiency, and accuracy.

  • Develop and test experimental designs, sampling techniques, and analytical methods.

  • Develop software applications or programming for statistical modeling and graphic analysis.

  • Supervise and provide instructions for workers collecting and tabulating data.

  • Analyze and interpret statistical data to identify significant differences in relationships among sources of information.

  • Prepare data for processing by organizing information, checking for inaccuracies, and adjusting and weighting the raw data.

  • Present statistical and nonstatistical results, using charts, bullets, and graphs, in meetings or conferences to audiences such as clients, peers, and students.

  • Examine theories, such as those of probability and inference, to discover mathematical bases for new or improved methods of obtaining and evaluating numerical data.

Technologies & Software

  • Econometric Software LIMDEP
  • Microsoft Word
  • RAT-STATS
  • Automatic Forecasting Systems Autobox
  • Stat-Ease Design-Ease
  • GitHub Copilot
  • XGobi
  • Quantitative Micro Software EViews
  • Angoss KnowledgeSEEKER
  • Kimi (Moonshot AI)
  • Mistral (Mistral AI)
  • Python
  • Llama (Meta)
  • Microsoft SQL Server
  • GraphPad Software GraphPad Prism
  • SAS Enterprise Miner
  • Common business oriented language COBOL
  • Microsoft PowerPoint
  • Muthen & Muthen Mplus
  • IBM SPSS Amos
  • Cytel StatXact
  • Microsoft Visual Basic for Applications VBA
  • SuperANOVA
  • Tableau
  • ChatGPT (OpenAI)
  • StatPoint STATGRAPHICS Centurion
  • Visual Numerics TS-WAVE
  • Claude (Anthropic)
  • Codeium
  • Minitab
  • Insightful S-PLUS
  • SAP software
  • Bolt.new
  • StataCorp Stata
  • Amazon CodeWhisperer
  • Extensible markup language XML
  • Mistral AI (chat/models)
  • Apache Pig
  • Scientific Software International SSI Hierarchical Linear and Non-Linear Modeling HLM
  • The MathWorks MATLAB
  • Wolfram Research Mathematica
  • DeepSeek
  • Tabnine
  • NCR Teradata Warehouse Miner
  • Apache Spark
  • Microsoft Office software
  • NCSS Power Analysis and Sample Size PASS
  • Microsoft Visual FoxPro
  • Linux
  • Grok (xAI)
  • Statistical software
  • Apache Hadoop
  • Sun Microsystems Java
  • Qwen (Alibaba)
  • Lovable.dev
  • Amazon Web Services AWS software
  • Google Antigravity
  • Systat Software SigmaPlot
  • Teradata Database
  • Formula translation/translator FORTRAN
  • Microsoft Access
  • IBM DB2
  • Systat Software SigmaStat
  • Qlik Tech QlikView
  • Amazon Redshift
  • Aptech Systems GAUSS
  • Gemini Code Assist
  • C++
  • IBM SPSS Statistics
  • Devin (Cognition AI)
  • DataDescription DataDesk
  • Stat-Ease Design-Expert
  • R
  • v0 by Vercel
  • Microsoft Visual Basic
  • SAS/CONNECT
  • Scientific Software International SSI LISREL
  • Nova (Amazon)
  • UNIX
  • UNISTAT Statistical Package
  • SAS JMP
  • SAP PowerBuilder
  • XLISP-STAT
  • Camfit Data Limited Microfit
  • STATISTICA
  • Perplexity AI
  • Microsoft Excel
  • SAS
  • Statistical Solutions BMDP
  • Structured query language SQL
  • IBM SPSS AnswerTree
  • Cursor AI
  • Gemini (Google)
  • Laptop computers
  • Personal computers
  • Desktop computers