Investment banking analyst job automated?
What do you think about the recent article posted on Business insider about FactSet? It aims to automate the process of building pitch book in IB. The title say analyst "rejoice". Do you really think that junior would be happy if the process of building pitchbook is totally automated, because obviously it's the bulk of their job and they might get laid off. So i really hop I can get your insight on this. Thanks!
FactSet is far from perfect and while it might make the process of building a pitchbook easier, it will never fully be automated. Especially when MDs freak out about using $XM instead of $Xmm, they’ll never be satisfied lol
LOL
no way it can be fully automated, it'll just take off some of the grunt work of analysts, so they can focus on thinking through the actual content vs. manual labor. MDs aren't going to Factset or any robot with turns
If anything this could open up the market, reducing costs of transactions. It could end up expanding the sector as the buying & selling process is simplified.
there’s a reason we handspread comps instead of just using straight factset pulls. even if they did this, imagine it would still be equally as unreliable.
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