Two thirds of FS roles require digital and tech skills

Two thirds (66 per cent) of job roles in financial services industry require digital skills from prospective candidates.

Analysis from Gov.uk of eight million job adverts found that the industry where digital skills were most in demand was information and communications (79 per cent).

Digital skills company The Knowledge Academy crunched the numbers and found that a similarly high percentage - 69 per cent - of roles in manufacturing said specific digital competencies were desirable in applicants, while at the other end of the scale, digital capabilities were required of just 16 per cent of candidates in human health and social work, and only 21 per cent of roles in education.

The Knowledge Academy surveyed 562 UK employees who were planning to change their job this year, exploring the main barriers preventing them from developing their existing digital skills as well as learning new digital skills. Nearly three quarters (72 per cent) cited a lack of time as preventing them from learning or developing their digital skills.

Other stumbling blocks included ‘not knowing where to start’ (67 per cent), ‘feeling too lazy/tired’ (64 per cent) and ‘fear of failing’ (59 per cent). Meanwhile, half said they thought learning resources or courses would be too expensive (51 per cent), while 45 per cent said they would be too hard to find, and nearly a quarter (23 per cent) said they felt too old to learn new digital skills.

Joseph Scott, a spokesperson from the The Knowledge Academy, said: “Given that most industries have now been revolutionised by technology, companies need employees who can comfortably use different digital tools, programmes and software to drive business performance as well as achieve set objectives.

“Those entering the job market need to be aware of this, as this research clearly shows that certain industries are more demanding of particular digital skills than others.”

    Share Story:

Recent Stories


Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?

Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.