Are we doomed by AI?
How likely is it that entry-level roles are going to be taken over by AI in the next couple years. I’m a recent college grad working to get some experience and would like to work in Asset Management or a Hedge Fund eventually. Would these analyst roles get taken over by AI, say, in the next 3-5 years or so? Would it be worth pursuing despite all the talks of AI taking over these roles? Would love to hear your thoughts.
Based on the most helpful WSO content, here's what you need to know:
Machine Learning and Analyst Roles:
Short-Term vs. Long-Term Impact:
Entry-Level Roles:
Technological Competence:
Career Advice:
In summary, while AI will transform certain aspects of analyst roles, it is unlikely to completely replace them in the next few years. Embracing technology and focusing on high-value tasks will be key to thriving in this evolving landscape.
Sources: https://www.wallstreetoasis.com/forum/hedge-fund/machine-learning-taking-over-hf-research-analyst-roles-in-near-future?customgpt=1, Work at top AM -- AI will virtually kill of entry-level roles in AM over the next 5yrs, Work at top AM -- AI will virtually kill of entry-level roles in AM over the next 5yrs, Q&A: AI will automate many roles in the IB/PE world. A live Q&A with Arctic, who are recruiting finance professionals to help manage that change, Q&A: AI will automate many roles in the IB/PE world. A live Q&A with Arctic, who are recruiting finance professionals to help manage that change
AI isn't smart enough (and won't be for a while) to take the quantitative and human parts of the job. There are a lot of tasks that are incredibly simple for people and incredibly hard for AI. That being said, I suspect that if you can't utilize and interact with AI, and don't have any programming knowledge, you're going to be phased out by people that are. A serious percentage of people I meet that are getting internships are now CS/Math/Engineering majors instead of Finance, because those skills are in higher demand and are way harder to teach than basic finance skills.
I clicked on this "are we doomed by ai" post solely cause I wanted to see if that stupid WSO AI bot had written its usual boilerplate reply. I was not disappointed.
No, AI is still good at simple tasks and that’s about it
If you have to ask this question you likely can’t do the research required to be a good fundamental investor.
Yes, you are doomed. Now stop asking this stupid question over and over please.
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