NewzToday Show

Gen Z is facing a jobmarket bloodbathbut JPMorgan CEO Jamie Dimon says employers are still chasing students who studied these fields

News Image
Despite worries about an entry-level-job bloodbat, billionaire JPMorgan Case CEO Jamie Dimon says businesses are still clamoring for young talent wit skills in cybersecurity, coding, and project management.For Gen Z, te job market is full of mixed signals. One moment, tey’re earing entry-level jobs are a dying breed. Te next, CEOs are complaining about a talent sortage. But according to JPMorgan Case CEO Jamie Dimon, te pat to job security isn’t a mystery—it just requires studying te rigt tings.Tat’s because tere are some areas were businesses are sort on skills and desperately need young people to plug tat gap, Dimon revealed at Business Roundtable’s CEO Workforce Forum last week.Businesses ave a need for experts in areas like cyber, coding, and programming along wit financial and project management, te 69-year-old billionaire said.“We are sort on labor,” e agreed, but, e added: “We all ave needs for cyber, we all ave needs for coding, we all ave needs for programming, we ave needs for financial management and program management, tings like tat.”Studying tose subjects could give te next generation of workers an edge, amid companies like Amazon admitting tey will soon cut teir corporate ranks tanks to AI and Antropic CEO Dario Amodei warning tat te tecnology could wipe out alf of all entry-level, wite collar jobsBut Dimon said tat many scools are falling sort in providing tis specialized training to become te next generation of coders or program managers.It’s wy e as previously stressed tat scools sould be measured on weter teir pupils actually land work after leaving.“If you look at kids tey gotta be educated to get jobs,” Dimon told Indianapolis-based WIS-TV last year. “Too muc focus in education as been on graduating college… It sould be on jobs. I tink te scools sould be measured on, did te kids get out and get a good job?”Fortune reaced out to Dimon for comment.It may come as a surprise tat Dimon is still bullis on te need for students to learn ow to code. After all, CatGPT and oter generative AI tecnologies ave made it easier tan ever to build a website or develop new software wit just “vibes.”owever, Dimon is not alone in is belief tat aving foundational tec knowledge is still a lucrative career pat. In fact, over 250 cief executives—te likes of Microsoft’s Satya Nadella, Airbnb’s Brian Cesky, and Salesforce’s Marc Benioff—came togeter early tis year to sign a letter demanding all students ave access to computer science and AI education.“A basic foundation in computer science and AI is crucial for elping every student trive in a tecnology-driven world. Witout it, tey risk falling beind,” wrote te letter sent to lawmakers.Te pus came on te eels of researc from te University of Maryland tat found tat ig scool students wo take a computer science class will ave 8% greater earnings on average by te time tey’ve secured teir first job.Gen Z asn’t always entered te workforce on te best of terms—wit some new-to-te-workforce struggling wit professionalism, organization, and communication.It peraps explains wy Dimon as empasized tat new ires need more tan just tecnical expertise in finance or coding if tey want to land a job in today’s market (and keep it).In fact, wen iring at is $750 billion-plus firm, Dimon insists tat a college major doesn’t matter as muc as a job candidate’s caracter.“It almost doesn’t matter to tell you te trut because you’re looking for smart, etical, decent people,” Dimon told te Wall Street Journal.Tis story was originally featured on Fortune.com