URGENT UPDATE: In a pivotal message for young professionals, David Kostin, Goldman Sachs’ US equity chief, emphasizes the importance of understanding one’s role in the company machinery. Speaking during his final appearance on “Goldman Sachs Exchanges” this week, Kostin’s advice targets Gen Z workers entering a challenging job market.
Kostin, who has been with Goldman Sachs since 1994, advises young employees to grasp how their daily tasks drive the business forward. “Think about one’s role and how that fits into the broader business environment,” he stated. By recognizing their contributions to the commercial process, young workers can adapt and evolve alongside their roles.
With the landscape rapidly shifting due to advancements in AI, experts warn that Gen Z must redefine success. James Ransom, a research fellow at University College London, highlighted the need for young workers to focus on tasks that require human judgment, oversight, leadership, and persuasion—skills AI still struggles to replicate.
Ransom asserts, “The standout young workers will be those who can supervise and scale AI while demonstrating real, measurable impact.” This perspective is echoed by Ethan Mollick, a Wharton professor, who warns that skills in AI are becoming obsolete at an alarming rate. He encourages job seekers to concentrate on their unique competencies and let AI handle less complex tasks.
Moreover, Quentin Nason, a seasoned finance veteran, urges young professionals to look toward emerging fields such as automation, robotics, blockchain, and drones instead of traditional finance roles. “Rather than chasing yesterday’s jobs, chase tomorrow’s,” he advised, pointing to the shrinking opportunities in graduate schemes.
As Gen Z navigates this complex job landscape, the guidance from industry veterans like Kostin is vital. Understanding how to fit into a company’s framework not only enhances individual career trajectories but also shapes the future of the workforce.
This advice comes at a crucial time as Gen Z faces unique challenges in the workplace environment. Kostin’s insights are not just recommendations; they are essential strategies for survival and success in a rapidly evolving job market.
Stay tuned for further updates as the dynamics of the workforce continue to change.
