Quantitative finance experts believe graduates ill-equipped for AI future

A recent survey by the CQF Institute highlights a significant skills gap in the quantitative finance industry, with fewer than 10% of professionals believing that new graduates possess adequate AI and machine learning expertise to succeed. Despite this deficiency, AI adoption is rapidly increasing, with 83% of respondents actively using or developing AI tools such as ChatGPT, Microsoft/GitHub Copilot, and Google's Bard, often on a daily basis, for tasks including coding, market analysis, and report generation. The survey underscores the critical importance of AI and machine learning in areas like research, alpha generation, algorithmic trading,