Which job is better off in a world of AI taking over many job functions -- LO equities or LO credit?

Ah, the age-old question of equities versus credit in the age of AI. It's a bit like asking which tree is better to climb when the forest is changing. But let's dive in, shall we?

Based on the most helpful WSO content, it seems that both LO equities and LO credit have their own unique challenges and opportunities in the face of AI and automation.

For LO credit, the calculation of credit metrics can indeed be done by a computer. However, it's going to be a while before computers become competent judges of relative value and "known unknown" risk. Automation will likely happen in more liquid markets first, so HY credit won't be the first domino to fall.

On the other hand, for LO equities, while a computer can calculate leverage and build a three-statement model, you still need a senior to process that output and develop a view along with more intangible stuff that computers have a hard time analyzing.

So, in the end, it's not so much about which job is better off, but more about how you can leverage your skills and adapt to the changing landscape. Remember, even if you automate the junior end, eventually your seniors will retire and then what're you gonna do, promote the computer?

So, for all the college kids and early-career folks out there, my advice would be to focus on developing those skills that are uniquely human and harder for AI to replicate - things like critical thinking, creativity, and emotional intelligence. Those will serve you well no matter where the chips fall.

Sources: Q&A: VP in LO Public Credit, Would you rather hire a junior out of IB or LO AM?, L/S vs LO from a non-monetary perspective