The New York Times has reported that banks are considering reducing the size of their incoming analyst classes due to this AI capability. The article suggests that this trend could extend to early career jobs in other sectors such as law, consulting, media, marketing, technology, and the creative industry.
Key takeaways:
- Entry-level finance jobs often involve basic tasks such as document searching, data analysis, and financial modeling.
- Generative AI is increasingly capable of performing these basic tasks, potentially reducing the need for entry-level workers.
- Banks are reportedly considering reducing the size of their incoming analyst classes due to the capabilities of AI.
- Similar dynamics could put early career jobs at risk in sectors like law, consulting, media, marketing, technology and the creative industry.