Jobs in banking are some of the most sought after for job seekers -- but plenty of roles may not be around much longer. Despite a year of scandals that entangled many of the country's largest banks, the desire to work at these companies remains high, according to a new report by LinkedIn. Some of the more high-profile scandals include Deutsche Bank's alleged involvement in a global money-laundering scheme and accusations against Well Fargo's auto-loan and mortgage practices. Nonetheless, Bank of America, Goldman Sachs, Citigroup, Wells Fargo, and JPMorgan Chase remain five of the most popular places to work in 2019. LinkedIn attributes the popularity to banks offering increasingly tech-focused jobs that attract talented software engineers and developers out of college.

Wall Street is entering a new era. The fraternity of bond jockeys, derivatives mavens and stock pickers who've long personified the industry are giving way to algorithms, and soon, artificial intelligence. Banks and investment funds have been tinkering for years, prompting anxiety for employees. Now, firms are rolling out machine-learning software to suggest bets, set prices and craft hedges. The tools will relieve staff of routine tasks and offer an edge to those who stay. But one day, machines may not need much help.

Anyone who's visited the New York Stock Exchange lately knows technology has already taken a toll on Wall Street jobs. And the decimation is only going to continue as the artificial intelligence industry booms. By 2025, AI technologies will reduce employees in the capital markets worldwide by 230,000 people, according to a report from Opimas that came out last week. Financial institutions may see a 28% improvement in their cost-to-income ratios. Additionally, financial firms will spend more than $1.5 billion this year on AI-related technologies and $2.8 billion annually by 2021, not including their investments in AI startups, the Opimas report estimated.

Anyone who's visited the New York Stock Exchange lately knows technology has already taken a toll on Wall Street jobs. And the decimation is only going to continue as the artificial intelligence industry booms. By 2025, AI technologies will reduce employees in the capital markets worldwide by 230,000 people, according to a report from Opimas that came out last week. Financial institutions may see a 28% improvement in their cost-to-income ratios. Additionally, financial firms will spend more than $1.5 billion this year on AI-related technologies and $2.8 billion annually by 2021, not including their investments in AI startups, the Opimas report estimated.

There's lots of talk about the effect that FinTech (or, at least the artificial intelligence (AI) and smart machines it's producing) will have on jobs in the financial services industry. Here are a couple of examples. In a recent CFA Institute survey, respondents indicated that automated financial advice tools will have the largest impact on the asset management sector, followed by banking, securities, and insurance. At the recent Milken Institute Global Conference, Daniel Nadler, the chief executive of finance at the analytics firm Kensho, said traditional financial services firms, like J.P. Morgan, will still be here in the long run -- "they'll just be more efficient." He goes on to say "Analysts, young associates, vice presidents -- anyone whose job is moving a column of data from one spreadsheet to another is going to get automated."