UBS makes AI skills a requirement for 2027 graduate and intern hires

Swiss bank UBS will require AI skills from graduates and interns starting in 2027 in its Global Banking and Markets division, the Financial Times reports. Candidates will be asked in interviews how they use AI to improve outcomes and efficiency. The condition sits alongside classic criteria such as a strong degree and will apply to other newly posted roles as well. UBS said the skill complements academic and social abilities rather than replacing them. Spain's Santander is also seeking advanced AI users for some trainee programs. Analysts at Morgan Stanley expect more than 200,000 banking jobs in Europe to disappear within five years. UBS is separately testing analyst avatars for client presentations.