Posted 4/10/2024, 3:07:04 PM
A.I. Threatens Wall Street's Junior Analyst Jobs As It Takes On Grunt Work
- Artificial intelligence tools can replace much of entry-level white-collar work on Wall Street, threatening analyst jobs
- A.I. can quickly do grunt work like assembling presentations, crunching numbers, and writing financial documents
- Generative A.I. has landed on Wall Street, exhibiting how it could supplement or replace ranks of workers
- Analysts at the bottom rung are most at risk, as they do endless hours of learning corporate finance basics
- Julia Dhar of BCG asks if banks will "need fewer analysts" given A.I. can do their work faster with less complaining