Artificial Intelligence (AI) is changing the way finance teams work across all industries. Automation, predictive analytics and generative AI tools are becoming part of everyday workflows. This rapid change means technical skills alone are not enough. Arguably the most critical skill for finance professionals today is a growth mindset.
What Do We Mean by Growth Mindset?
The term “growth mindset”, coined by psychologist Carol Dweck, refers to the belief that abilities and intelligence can be developed through effort, learning and persistence. In contrast, a fixed mindset assumes that skills and talent are static.
For finance professionals, a growth mindset means:
- Being open to learning new technologies and approaches
- Seeing challenges as opportunities to improve
- Embracing feedback and continuous development
- Believing that adaptability is as important as technical expertise
Why is Growth So Important Now?
The rise of AI is accelerating change in finance. Roles are evolving, and tasks that were once manual are now automated. This creates two realities:
- Skills have a shorter shelf life – what you know today may be outdated tomorrow.
- Opportunities are abundant – those who learn and adapt can lead transformation.
A growth mindset helps finance professionals:
- Stay relevant by continuously learning new tools and concepts
- Reduce fear of change by viewing AI as an enabler, not a threat
- Innovate by experimenting with new ways of working
- Collaborate effectively with tech teams and business partners
How to Develop a Growth Mindset in Finance?
Here are practical steps:
- Commit to Lifelong Learning
Explore courses on AI, data analytics and digital transformation. For example, FIN’s AI for Finance: The Essentials is a great starting point. - Engage with Communities
Join peer networks like FIN’s free community to share experiences and learn from others. - Follow Thought Leaders
Connect with influencers such as Anders Liu-Lindberg on LinkedIn for insights on finance transformation. - Experiment with AI Tools
Try tools like ChatGPT or Microsoft Copilot for commentary writing, forecasting or automation. Start small and build confidence. - Seek Feedback and Reflect
Ask for input on how you use technology and look for ways to improve.
Final Thoughts
AI will not replace finance professionals, but it will change role requirements and those who fail to adapt risk being left behind. A growth mindset is the foundation for thriving in this new era. By embracing learning and change, you can future-proof your career and lead the way in finance innovation.
