Proficiency with artificial intelligence is beginning to affect pay and career progression on Wall Street, according to a new survey. Nearly a quarter of financial firms now tie raises, bonuses or promotions to how well employees use the technology.
Another 30% of firms require staff to disclose their use of AI tools in formal performance reviews. The survey was conducted by Selby Jennings, a financial-services recruitment firm, and polled 500 executives across the finance industry.
Firms look for measurable returns from AI spending
The findings point to a wider change in the sector, as companies seek concrete gains from their technology investments. Dylan Gomez, executive director at Selby Jennings, said employers now track how AI affects output and contribution to business results, not just whether staff use it.
No set formula yet for AI-linked compensation
Gomez said there is currently no established formula for how much pay is linked to AI use and performance, but he expects this to become clearer by next year. The survey also found 42% of respondents had adopted formal criteria to evaluate AI skills, while 30% had created dedicated teams or roles to track whether AI investments were delivering results.
