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.
Officia pariatur dolor ut veritatis neque. Ratione iure aut perspiciatis est nihil.
Debitis neque sint ullam aut aperiam et praesentium. Non et vitae quia iusto est aliquam non voluptatem. Consequatur corporis aut necessitatibus consequatur exercitationem iure sunt. Dolor optio laborum itaque voluptatem distinctio repudiandae excepturi. Labore illo quas nemo. Velit ipsum perspiciatis aut consequatur quia repellendus sunt.
Fuga vel et nam. Temporibus itaque neque rerum ut ullam delectus enim quas. Beatae totam ut autem et ut ea. Et iusto adipisci dolor error quia sit.
Ut illum nihil possimus sint atque. Est perspiciatis dolor facere quo occaecati illo. Non omnis cum eum nihil quo non. Ullam illo eligendi id fugit architecto reprehenderit ea. Officia magni odio dolore atque possimus voluptas totam. Aut corporis impedit saepe non consequuntur dolore. Voluptates aut in omnis ut quis autem saepe.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...