Research shows that 60% of young people indicate that their generation fundamentally differs in their thinking about work, money, and success compared to previous generations. Despite this, the financial sector continues to cling to traditional recruitment methods such as career fairs and fixed career paths. A recent Becky.works study of more than a thousand young people shows that the sector is missing out on significant opportunities in this way.
Generation Z's approach to the job market differs significantly from previous generations. For example, 41% of young people follow financial news and trends through social media. Furthermore, almost 30% value the information they find online more than what they learn in school.
This effect is particularly pronounced among young men. Of these, 44%—compared to 34% of women—believe that online content about money and entrepreneurship makes the financial sector more interesting.
By clinging to traditional recruitment methods, the financial sector is shortchanging itself. Gen Z is shaping their perceptions of the financial sector on platforms like Instagram, TikTok, and YouTube.
Despite all this, the research shows that young people are certainly not uninterested in a career in the financial sector. The combination of a good salary and social value appeals to 50% of young people. Personal development also plays a significant role: 37% find a job in the financial sector more attractive if it makes them financially more knowledgeable. And 36% highly value freedom and flexibility in how and where they work.
"Generation Z is certainly not uninterested in the financial sector, but we don't speak their language and aren't present on the platforms they use," says Sjoerd Heijmans, founder and CEO of Becky.works. "The sector has everything that could be attractive—opportunities for development, social impact, flexibility—but we're not yet demonstrating this sufficiently."