Wall Street Is Automating the Jobs That Used to Train Junior Bankers

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Summary

Wall Street firms are increasingly using AI to handle the research, modeling, and presentation work traditionally done by junior bankers, potentially hollowing out the entry-level rungs of the finance career ladder that train future senior bankers.

It's that AI could start replacing the jobs people used to get so they could learn the business. Junior bankers spend years doing research, building models, checking numbers and preparing presentations. Those tasks are increasingly becoming things AI can handle. You could end up with a strange situation where companies want experienced bankers… but there are fewer entry-level positions available to create that experience. AI might not destroy the Wall Street career ladder. It could just remove the bottom few rungs.
Original Article

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