CLAUDE = MORE DEALS, not LESS JOBS
Title. Everyone relax. Won’t replace shit in banking. More efficient analysts just means more deals. Also, have u actually used Claude to model? It’s atrocious, although it’ll obv be remarkable in >12 months, it’ll just enable you to oversee more functions.
Based on the most helpful WSO content, the integration of AI tools like Claude in investment banking is unlikely to completely replace jobs but will instead make analysts more efficient. This increased efficiency could lead to handling more deals rather than reducing the workforce entirely. While current AI tools may not yet be perfect for complex modeling tasks, their rapid improvement over time will likely allow analysts to oversee more functions and focus on higher-value activities.
Sources: Google partners with Goldman Sachs in automating Investment Banking, Future of Banking, https://www.wallstreetoasis.com/forum/investment-banking/goldmans-new-policy-for-investment-banking-analysts-3-reasons-why-it-wont?customgpt=1, European IBs & Commercial Banks
Heard a story of Claude doing custom number formatting to be “- -“ to hide the balance sheet not balancing…
Dude doesn't understand economics at all
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