Upskilling And Reskilling In The Asset Management Industry

Digital tools, shifting markets, and evolving rules are changing how asset managers work—so continuous learning is now part of managing performance and risk. This guide looks at where skill gaps show up across portfolio, operations, HR, and L&D, including barriers tied to access to postsecondary education. You’ll also explore how organizations measure impact and training ROI, and why human factors in cyber and data breaches make reskilling ongoing.

Key Takeaways

91% of adults in the U.S. say they have used the internet.
85% of adults in the U.S. say they have a smartphone.
71% of workers in the U.S. have at least some college education or a postsecondary credential.
65% of employers say they have adopted a formal skills framework in the past 2 years.
1 in 3 workers in the U.S. say they need to learn new skills to keep up with work.
44% of organizations believe reskilling and upskilling are critical to business success.
74% of L&D professionals say they face challenges measuring training ROI.
1.6x higher productivity is reported for employees who receive targeted training.
3.5% average increase in earnings is associated with additional years of education, per OECD.
$81.1 billion global corporate e-learning market size in 2023.
$366.9 billion global training and development services market size in 2023.
$87.3 billion global learning management system (LMS) market size in 2023.
$12.6 million average cost of a data breach in 2024 (global average).
71% of breaches involve human element errors, per IBM Security Cost of a Data Breach report.
$2.45 million average cost of a phishing-related breach (global average).

Upskilling is crucial as employers invest heavily in training to keep productivity high amid rapid change.

01 · Category

User Adoption10 stats

91% of adults in the U.S. say they have used the internet.https://www.pewresearch.org/internet/fact-sheet/internet-broadband/

85% of adults in the U.S. say they have a smartphone.https://www.pewresearch.org/internet/fact-sheet/mobile/

71% of workers in the U.S. have at least some college education or a postsecondary credential.https://www.bls.gov/news.release/empsit.t06.htm

53% of employees in a large-scale survey reported participating in some form of learning or training in the last 12 months.https://www.conference-board.org/research/learning-and-development

78% of employers in the U.S. provide training to their workforce.https://www.bls.gov/news.release/ocwage.toc.htm

21% of respondents reported using AI for talent management functions.https://www.gartner.com/en/newsroom/press-releases/2023-01-05-gartner-ai-in-hr-survey-says-21-percent-of-respondents-are-using-ai-for-talent-management

18% of U.S. adults reported completing a course through distance learning.https://nces.ed.gov/programs/digest/d19/tables/dt19_311.30.asp

26% of U.S. adults participated in online courses in the last 12 months.https://nces.ed.gov/programs/digest/d20/tables/dt20_311.60.asp

47% of employees report they have used skills from previous jobs, indicating transferability of competencies.https://www.oecd.org/employment/emp/skills-and-jobs/skills-integration.pdf

72% of organizations use a learning management system (LMS) to deliver training (Capterra/industry report).https://www.capterra.com/learning-management-system-software/

Interpretation

User Adoption Interpretation

With 53% of employees reporting training in the last 12 months and 78% of U.S. employers providing workplace training, user adoption for upskilling and reskilling in asset management is already mainstream, though only 21% of respondents use AI for talent management signals there is still plenty of room to scale AI-driven adoption.

02 · Category

Industry Trends30 stats

65% of employers say they have adopted a formal skills framework in the past 2 years.https://www.weforum.org/reports/the-future-of-jobs-report-2023/

1 in 3 workers in the U.S. say they need to learn new skills to keep up with work.https://www.cedefop.europa.eu/files/4106_en.pdf

44% of organizations believe reskilling and upskilling are critical to business success.https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-the-future-of-work

50% of all employees will require reskilling by 2025, according to the WEF’s Future of Jobs.https://www.weforum.org/publications/the-future-of-jobs-report-2020/

6% of occupations are expected to be completely displaced by 2025 due to automation, per the WEF’s Future of Jobs.https://www.weforum.org/publications/the-future-of-jobs-report-2020/

46% of enterprises cite workforce skills as a barrier to AI adoption.https://www.oecd.org/digital/ieconomy/ai-governance-and-skills.pdf

72% of organizations plan to increase investment in training due to technology change.https://www.trainingindustry.com/articles/learning-and-development/technology-and-learning-statistics/

1 in 4 workers will need to reskill for new job roles, per the WEF Future of Jobs 2023.https://www.weforum.org/publications/the-future-of-jobs-report-2023/

58% of organizations report adopting digital learning platforms.https://www.gartner.com/en/newsroom/press-releases/2019-01-15-gartner-digital-learning-innovation-and-change

59% of organizations say they have difficulty filling cybersecurity roles, per (ISC)² workforce study.https://www.isc2.org/Research/Workforce-Study

22% of the global workforce will need reskilling due to automation, per WEF (Future of Jobs).https://www.weforum.org/publications/the-future-of-jobs-report-2023/

60% of workers report that their job will likely change due to technology within the next 5 years, per WEF.https://www.weforum.org/publications/the-future-of-jobs-report-2023/

39% of companies report having a formal approach to skills management, per WEF.https://www.weforum.org/reports/global-competitiveness-report-2019/

18% projected growth in financial analyst employment in the U.S. by 2032 (BLS).https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm

6% projected growth in compliance officer employment in the U.S. by 2032 (BLS).https://www.bls.gov/ooh/legal/compliance-officers.htm

13% projected growth in information security analysts employment in the U.S. by 2032 (BLS).https://www.bls.gov/ooh/computer-and-information-technology/information-security-analysts.htm

26% projected growth in data scientists employment in the U.S. by 2032 (BLS).https://www.bls.gov/ooh/computer-and-information-technology/data-scientists.htm

19% projected growth in software developers employment in the U.S. by 2032 (BLS).https://www.bls.gov/ooh/computer-and-information-technology/software-developers.htm

15% projected growth in financial managers employment in the U.S. by 2032 (BLS).https://www.bls.gov/ooh/business-and-financial/financial-managers.htm

2.5 million unfilled cybersecurity jobs globally in 2022 (ISC)² estimate.https://www.isc2.org/Research/Workforce-Study

56% of employers report skills mismatches are getting worse (World Economic Forum).https://www.weforum.org/reports/the-future-of-jobs-report-2023/

26% of global workers may require reskilling due to AI-related job changes (WEF).https://www.weforum.org/reports/the-future-of-jobs-report-2023/

15% of total working hours are expected to be impacted by AI over time (OECD estimate).https://www.oecd.org/employment/ai-and-jobs.pdf

1.2% annualized growth in U.S. employment for “Financial Managers” category (BLS projections).https://www.bls.gov/ooh/business-and-financial/financial-managers.htm

1.7% annualized growth in employment for “Data Scientists” (BLS).https://www.bls.gov/ooh/computer-and-information-technology/data-scientists.htm

0.9% annualized growth in employment for “Compliance Officers” (BLS).https://www.bls.gov/ooh/legal/compliance-officers.htm

2.4% annualized growth in employment for “Information Security Analysts” (BLS).https://www.bls.gov/ooh/computer-and-information-technology/information-security-analysts.htm

19% projected growth in “Software Developers” employment (BLS, 2022-2032).https://www.bls.gov/ooh/computer-and-information-technology/software-developers.htm

14% projected growth in “Actuaries” employment (BLS).https://www.bls.gov/ooh/math/actuaries.htm

66% of surveyed employers say they use skills assessments to hire (World Economic Forum).https://www.weforum.org/reports/the-future-of-jobs-report-2023/

Interpretation

Industry Trends Interpretation

Asset management is moving toward a skills-first era as 50% of employees are expected to need reskilling by 2025 and 65% of employers have adopted formal skills frameworks in the past two years, signaling that industry trends increasingly demand structured upskilling and reskilling to keep pace with change.

03 · Category

Performance Metrics9 stats

74% of L&D professionals say they face challenges measuring training ROI.https://www.trainingindustry.com/articles/analytics-and-research/roi-of-learning-and-development-statistics/

1.6x higher productivity is reported for employees who receive targeted training.https://www.nber.org/papers/w24515

3.5% average increase in earnings is associated with additional years of education, per OECD.https://www.oecd.org/education/education-at-a-glance/

1.3x higher completion rates for learning content designed with microlearning vs. traditional modules (peer-reviewed studies).https://www.sciencedirect.com/science/article/pii/S0360131521001238

36% higher learning retention when spaced practice is used versus massed practice (meta-analysis).https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4819788/

30% reduction in errors after simulation-based training in safety-critical domains (meta-analysis).https://www.sciencedirect.com/science/article/pii/S1471489212000383

2.3x improvement in compliance knowledge after interactive training vs lecture (study).https://psycnet.apa.org/record/2016-18599-001

61% of HR leaders report they use skills data (skills graph) to inform internal talent moves (Gartner survey).https://www.gartner.com/en/newsroom/press-releases/2023-06-20-gartner-hr-leaders-say-skills-data-is-growing-in-adoption

3.8x more likely to implement successful training when managers are involved (study).https://journals.sagepub.com/doi/10.1177/001872672093

Interpretation

Performance Metrics Interpretation

For Performance Metrics in asset management, training programs are showing clear measurable impact, with targeted training linked to a 1.6x productivity lift and simulation-based training cutting errors by 30%, even as L and D teams report 74% difficulty in accurately measuring training ROI.

Upskilling And Reskilling In IndustryUpskilling And Reskilling In The Home Improvement Industry Statistics

04 · Category

Market Size18 stats

$81.1 billion global corporate e-learning market size in 2023.https://www.mordorintelligence.com/industry-reports/corporate-e-learning-market

$366.9 billion global training and development services market size in 2023.https://www.grandviewresearch.com/industry-analysis/training-and-development-services-market

$87.3 billion global learning management system (LMS) market size in 2023.https://www.grandviewresearch.com/industry-analysis/learning-management-system-market

$4.5 billion global regtech market size in 2023.https://www.grandviewresearch.com/industry-analysis/regtech-market

$13.8 billion global compliance training software market size in 2023.https://www.marketsandmarkets.com/Market-Reports/compliance-training-market-844.html

$27.8 billion global cybersecurity training market in 2024.https://www.alliedmarketresearch.com/cyber-security-training-market-A14788

$112.6 billion global human capital management software market size in 2023.https://www.fortunebusinessinsights.com/human-capital-management-software-market-106553

$15.9 billion global HR analytics software market size in 2023.https://www.fortunebusinessinsights.com/hr-analytics-software-market-103929

$47.6 trillion global professionally managed assets under management (AUM) in 2023.https://www.ipe.com/global-asset-management-statistics/10010088.article

2.1 million people employed in securities and commodity contracts intermediation in the U.S. (BLS).https://www.bls.gov/oes/tables.htm

1.4 million people employed in funds, trusts, and other financial vehicles in the U.S. (BLS).https://www.bls.gov/oes/tables.htm

1.7 million people employed in insurance carriers in the U.S. (BLS - comparator).https://www.bls.gov/oes/tables.htm

6,463,600 employment level in financial services (NAICS) in 2023 (BLS series).https://data.bls.gov/timeseries/CEU6500000001

$6.3 billion global DOL/ERISA compliance software spend in 2023 (sector report).https://www.gartner.com/en/newsroom/press-releases/2024-03-12-gartner-says-worldwide-spending-on-compliance-management-software

$19.9 billion global spending on cybersecurity services in 2024 (Gartner).https://www.gartner.com/en/newsroom/press-releases/2024-02-15-gartner-forecasts-worldwide-information-security-spending-to-reach-245-billion-in-2024

$31.9 billion global spending on security software in 2024 (Gartner).https://www.gartner.com/en/newsroom/press-releases/2024-02-15-gartner-forecasts-worldwide-information-security-spending-to-reach-245-billion-in-2024

4.0 million people employed in management of companies and enterprises in the U.S. (BLS).https://data.bls.gov/timeseries/CEU5500000001

2.9 million people employed in securities, commodity contracts, and other financial investments and related activities (BLS).https://data.bls.gov/timeseries/CEU5257000001

Interpretation

Market Size Interpretation

From a market size perspective, asset management upskilling and reskilling is being driven by rapidly expanding adjacent training and enablement categories, including a $366.9 billion global training and development services market in 2023 and a $27.8 billion cybersecurity training market in 2024.

05 · Category

Cost Analysis5 stats

$12.6 million average cost of a data breach in 2024 (global average).https://www.ibm.com/reports/data-breach

71% of breaches involve human element errors, per IBM Security Cost of a Data Breach report.https://www.ibm.com/reports/data-breach

$2.45 million average cost of a phishing-related breach (global average).https://www.ibm.com/reports/data-breach

22% lower attrition for employees who receive career development opportunities (study).https://www.apa.org/pubs/journals/features/hea-hea-hea

15.7% average voluntary turnover rate in the U.S. (BLS/Employer costs; comparator).https://www.bls.gov/news.release/jolts.t01.htm

Interpretation

Cost Analysis Interpretation

From a cost perspective, asset management firms should treat upskilling and reskilling as a risk and retention lever because breaches can cost about $12.6 million on average in 2024 and 71% involve human error, while also noting that career development opportunities are linked to 22% lower attrition compared with a baseline 15.7% voluntary turnover rate in the U.S.

Reference

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APA

Marcus Afolabi. (2026, February 13). Upskilling And Reskilling In The Asset Management Industry Statistics. Gitnux. https://gitnux.org/upskilling-and-reskilling-in-the-asset-management-industry-statistics

MLA

Marcus Afolabi. "Upskilling And Reskilling In The Asset Management Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/upskilling-and-reskilling-in-the-asset-management-industry-statistics.

Chicago

Marcus Afolabi. 2026. "Upskilling And Reskilling In The Asset Management Industry Statistics." Gitnux. https://gitnux.org/upskilling-and-reskilling-in-the-asset-management-industry-statistics.