Juniors getting incompetent due to AI
Noticed this with the most recent cohorts. Everything is build in claude. Every little request. I.e., I ask can you give me a clean output sheet of market volume by segment A/B/C and I get back a claude table which analytically is fine, but the structure of the output is just not there yet. Can't put it in words but it is always incredibly dense and complex.
Same with qualitative and simple requests -- i.e., send me the 3 takeaways from the mgmt. meeting and then I get back at an excel table with Colum 1 Insight, Colum 2 Evidence, Colum 3 "What this implies". Insane.
I feel they completely lost any sense of trust in their own abilities and use Claude for everything. It works well until it doesn't, i.e., once you start poking some questions around the model it gets extremely obvious that they have zero clue what links to what and how the model flows through.
Prompting issue
Lmao dont even get me started. Guys are giving me research based on claude screenshots. When I asked where they got numbers from, the answer was “Claude, screenshot attached” - my guy didnt even bother to check the actual source.
They are cooked. I think millenials and older gen z are the last intelligent generation.
I honestly think something is cognitively wrong with current generation of teenagers and college students. They cannot problem solve or do deep independent research with pulling out claude like a baby does a pacifier. Many are intelligent but it's surface level only.
It's over for them.
The bar is being lowered for the rest of the aspiring bankers out there. AI is the version of "throw the comps into capIQ and hope they're right".. or "go home early and hope the MD doesn't notice". We all notice. Get lazy and you'll get replaced by someone that isn't (or at least figures out how to prompt AI better).
Agreed
The technical & commercial judgment skills for new analysts are taking a toll due to AI.
In the Pre AI days struggle to find a solution, the process of trial and error and satisfaction of finally cracking it up was what used to hone skills & judgment but AI has taken it all away
The issue with AI is it can be used hands off. If you use it to crunch large data sets, spot connections in research, handle excel grunt work, and still analyze and learn from what you are doing and are critical of the output it’s a great tool. Good analysts can do more work faster. The issue is bad analysts now have a short cut to passable looking work. Eventually that shortcut won’t need a person pushing the button.
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