Just read on Bloomberg how OpenAI has more than 100 ex-investment bankers helping train its artificial intelligence on how to build financial models and replace hours of grunt work performed by junior bankers…curious how we’ll train future leaders as the role of junior employees evolves rapidly. Curious on everyone’s thoughts?
1 Like
On a similar(ish) topic, I was speaking to a friend who runs the Wealth management arm of their firm. Their concern was that whilst much of the early analysis work could be fast-tracked by AI, the more junior members of their team then lost the opportunity to learn by experience. Without this experience there would be holes in their knowledge which is critical as they move into leadership roles.
On the one hand they couldn’t ignore AI’s impact on speed, on the other, they worry about the impact on future leaders. How do others handle this challenge?
1 Like
The future of hiring and educating within the AI space requires most of the employees to upskill by adopting AI education, literacy, both technology and process driven learning to speak the lingo as it relates to AI while integration into the company through many different forms of practical applications, critical thinking, problem solving, we are stating that AI will never replace human thoughts and real thinking. The future workforce must be in preparation for the modern world future of work with all the emerging innovations that comes with its global touch points.
It’s just more confirmation of the inevitable tbh. I do wonder whether or not it’ll make firms outside of banking start to employ more of their own in-house bankers/bizdev teams since the grunt workload is drastically reduced making them more value for money
It wouldn’t get rid of banks entirely, obviously. it’d be more like how companies will have a general counsel and legal team but still contract law firms for major cases. But there’s obviously an excess of talent in banking right now and it has to go somewhere.
Crowe, you are missing an important point. With knowledge distilled and available within AI, you can avoid years of grunt work to become experienced.
The future will reward those that learn to use the tools critically and use them to accelerate their knowledge. Think about it this way, say you wanted to learn how to create a website (I’m assuming this is not in your skillset). In the past you would either hire it out or go to classes to learn to build the website. Today you can log onto any of the AIs (ChatGPT, Gemini, Perplexity, Claude, Grok) and find out the best/cheapest hosting site, suggestions for a template that serves your needs, and they will help you build copy and guide you through design. You would then have built a website with the help of your AI assistants and be able to say you have built a website. If you loved doing that, you could monetize it…. This is how knowledge and experience will be gained in the future.
1 Like