Wall Street firms tie bonuses, promotions to AI skills, survey finds

AI skills are starting to count toward pay and promotion on Wall Street, with nearly a quarter of financial firms tying raises, bonuses or promotions to employees’ proficiency with the technology, a survey showed.

Another 30% require employees to disclose their use of artificial intelligence tools in formal performance reviews, according to the survey by Selby Jennings, a financial-services recruitment firm.

The findings point to a broader shift on Wall Street as firms seek tangible returns from their investment in the technology.