Plan Accordingly
Greetings Fellow Monkeys,
I write this from the perspective of someone tasked (and equipped) to automate much of banking workflows. Coming from a technical background, I imagined that a lot of “bullshit jobs” would be automated a few years ago but there was a lack of easily integratabtle APIs and web interfaces. Most jobs require a 110 IQ and understanding of language and math, well….a few years in I think it might be lower for lots of banking tasks.
The value-add of banking, distills down to 1) unique perspectives 2) contacts 3) information 4) third-party to blame. Points 1 & 3 are now obsolete. Point 2, will hold little weight with the proliferation of sales/contact tools (ZoomInfo etc) combined with LLMs.
There aren’t many reasons left to hire a banker outside of the blame game (sold for disappointing valuation).
In my experience any competent technical person can automate 4/5 of analyst work, 3/5 of associate work and 90% of work/comments created by VP+, assuming enough context/example outputs and strong prompting.
The trends aren’t much more appealing for low-level IPs, given the similar nature of work.
Good luck.
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