Automation Impact on analyst
I've heard a lot about how AI automation won't take over Investment Banking jobs like VP, MD and stuff, which i understand what I'm more concerned about is the incoming Analysts in the upcoming decade AI will most likely eliminate their job, but I'm sure there will still be ways to break into investment banking as it'll always require human impact, so how would the new pipeline of these new prospect do with the industry? I'm Curious as to what their new position might entail and how much more competitive can this even get?
ZERO chance more senior people will take the time to learn these tools - analysts are safe...
>”so how would the new pipeline of these new prospect do with the industry?”
Idk man even the most tech illiterate MD knows how to use spelling and grammar check… might be over for this guy in particular
dialectics my guy.... let it go it ain't that deep
Whenever I interview junior bankers and college students my general experience is that an AI is more capable. It will make times tougher for junior people because as a young person you are just not very useful or good at much. Even if banking is somehow exempt I think in general it will be tougher for college educated young people in the next 5-10 years. The main advantage you have is that AI companies don’t have spreadsheets in their dataset.
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You are absolutely right that the industry of investment banking is undergoing some kind of transformation because of which many of its tasks are now being performed by AI. This means that instead of focusing on calculations, finance analysts are going to focus on strategies.
With a rise in competition for analyst jobs, employers will be interested in people with versatile skills, familiarity with technology, and the capability to provide value-added contributions in addition to their technological work. Analysts with skills in using AI effectively and strong communications with clients would therefore be in a strong position.
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