What benefits could we learn more from technology/data science?

There seems to be a lot of push recently with universities, companies of all kind to have recent undergrads be familiar with technology, possibly even coding or even understanding a bit about data science/statistics. The CEO at my current AM firm constantly stresses for people to be up to date with technology and embrace how it will impact the financial industry (more complex financial products, better methods to understand information, implementing better strategies, increasing efficiency.etc.).

But the thing is I haven't found a true reason to really dedicate a lot of resources into learning more about technology, simply because my day-to-day work doesn't directly involve it. I also believe that when you are hired, you are hired to specifically fill in certain job functions. Improving current processes may be okay, but may be offputting for direct managers. For example, I had a friend in BB IB internship try to use VBA to automate some financial models, and his managers thought it was a bit weird and ultimately decided not to extend a full-time offer because it showed them that his interests didn't involve doing the BAU. I think this is very common in financial/non-technical corporate roles where knowing too much shows that you aren't very passionate about the current responsibilities.

With that said, what do you think is the best way to get a breadth of learning technology and driving career success? Is there going to be a direct impact on roles in finance that don't typically involve coding? Is it important to understand the logic over really the syntax or implementation? Is understanding code going to be more important in non-technical functions?

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”