Will Tech Replace Investment Banking?

Nov 11, 2019 7 Comments

Many lower level tasks are quite simple...
How long until tech replaces investment bankers?

what are your thoughts



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TOP 7 Comments
  • Slalom Consulting / Sales StankyFeet
    If AI can make slide decks and reports, society is fucked
    Nov 11, 2019 1
    • Bloomberg / Eng

      Bloomberg Eng

      All opinions are my own and not my employer's. All advice is to be taken with a large grain of salt.
      Forget making those, how about end-to-end decision making
      Nov 11, 2019
  • Amazon odh79ebB
    It’s basically sales. So more based on relationships. My guess is not replacing it but helping automate the dull boring tasks and the job shifts further into the relationship side of things
    Nov 11, 2019 0
  • Bloomberg DELETE<GO>
    The market is a 4th order chaos , which means when you react to it , it reacts back to you.
    So there isn’t a real algo or math that can provide the yield you would expect till the Turing test is broken and surpassed.
    Basically , all we are trying to do is make machines solve problems humans have already solved and if a time comes when the machine can actually solve problems we haven’t e.g. discover gravity or invent something like the electricity or cancer vaccine ... humans will be running wall st 🙏🙅🏻‍♂️😎
    Nov 11, 2019 0
  • JPMorgan Chase / Product joojooo
    I think the more realistic question to ask would be how much of the work will be replaced in what time span, because, maybe yes, 100% of the work will be replaced by AI in most of the industries in one point in time, however what matters is the 80/20 rules. I think in investment banking more specifically AI will take care of 80% of the work within next 6 to 8 years given the nature of the work itself is mostly driven by data. I won’t be surprised if it takes less time than that
    Nov 13, 2019 0
  • Amazon / Eng adjej
    no at least not above the associate level
    Dec 3, 2019 0
  • JPMorgan Chase / Product joojooo
    To add, I think that 20% will never be replaced - they’ll drive the AI work and progression
    Nov 13, 2019 0


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