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MBAApp27
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I agree that A.I. does not have the trust yet and it needs to earn it but I feel that it could gain that trust
Bb, we don’t even spread comps anymore, we have an AI tool that automates it and that only began 6 months ago... think about that.
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Quote:

*MBAApp27 writes:*
> Again same q tho— would you really want to trust AI to lead financing or acquisition decisions
Investment banks are overpaid for what they do and the only time they will really need to be relevant with AI is if company needs to do an equity offering, secondary offering, or a really complex M&A deal - reverse M&A IPO or shareholder defense. Companies are already expanding internal M&A arms to the point where pitching to them has been more about getting across why we deserve the fees we deserve. It’s not just AI that’s making bankers less relevant it’s the fact that companies have begun to do it themselves without needing the support.
i mean they help raise capital thats the most difficult thing to do if youre not a AI startup in SF lol. so definetly they will take a good cut no? PS please help connect with an investment bank to raise 2 mill for project in pakistan regards 😅
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Wow. I’m very surprised because company is usually a very risk-averse the large corporations at least
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Wow. I’m very surprised because company is usually a very risk-averse the large corporations at least
We have our own In-house enterprise chat bot.

I suspect we’ll cut our associate class by 40% in the next two years. Same with analysts.
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I feel a chat but is something that pretty easy to create it takes a week but so many solutions out there. Takes longer to build a good one.

But to replace financial analysis much more impressive task
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I feel a chat but is something that pretty easy to create it takes a week but so many solutions out there. Takes longer to build a good one.

But to replace financial analysis much more impressive task
So we don’t really create any new models from scratch we mainly replace old ones with new assumptions so we’re already sort of automated. The only thing that’s gonna change now is there’s just gonna be less people needed to do junior work.
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In the Future, from retail to Institutional investors, most trading will be AI-run.....instant research, execution, and risk control at machine speed.
Humans mostly exist in setting rules and guardrails (objectives, limits, ethics), not clicking buy/sell.
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https://www.youtube.com/watch?v=oZ9nHR-i92E

^ it’s going to take a long time to be replaced at the front office level and I feel like anyone who says that that is coming super soon is probably fearmongering or bought into hype.
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nesciuntsequi
^ it’s going to take a long time to be replaced at the front office level and I feel like anyone who says that that is coming super soon is probably fearmongering or bought into hype.
Do you work in banking? Because we are telling you that we do and it’s already replacing junior work. This isn’t fear mongering, we are already reducing our analyst and associate classes. They said that banks won’t want AI due to privacy and compliance concerns - now we have company made AI Enterprise models. The industry has changed and it’s not going back.

That video was 6 months ago - six months later our AI enterprise model can now spread quarterly intercompany comparable in seconds.
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Yes, and so that frees up time for more strategic work vs data digging does it not
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Yes, and so that frees up time for more strategic work vs data digging does it not
You don’t need as many bodies to do the job. 80% of the job is administrative - believe what I’m telling you here - 80% of our job is administrative. The only strategic work is at the managing director level and the MD owns the client relationships and a post mba associate can’t get that without 20 years in the industry. We don’t need as many associates in analyst to do the job in order for the Banking model to be profitable we need to assure that we’re meeting the right fees on an after corporate tax basis to cover our overhead and still remain profitable. Some of my friends are working at shops with 2 analysts, 0 associates, and 2 VPs and an MD - completing billion dollar transactions - that was before ChatGPT improved.

If a bank wants to hire less, they’re absolutely going to do it to make sure that their bottom line is more profitable.
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When the major ones cut jobs we will know right now 63 ppl from cornell went to IB in 24 so you have a shot

Dont knpw 25 figures to see if AI cut hiring or not
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When the major ones cut jobs we will know right now 63 ppl from cornell went to IB in 24 so you have a shot
I mean that’s my point— seems like they are still hiring (from what I heard, 2025 may have been at par or more than ‘24).
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When the major ones cut jobs we will know right now 63 ppl from cornell went to IB in 24 so you have a shot
Forget getting the job focus on keeping it there is a reason why people don’t last 1 to 2 years - they don’t quit on their own terms they get pushed out. They’re already preferring people with previous finance backgrounds. I know this because I see it on the round table. People don’t like my answer, but I’m not gonna lie to you here.
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Quote:

*MBAApp27 writes:*
> When the major ones cut jobs we will know right now 63 ppl from cornell went to IB in 24 so you have a shot
Forget getting the job focus on keeping it there is a reason why people don’t last 1 to 2 years - they don’t quit on their own terms they get pushed out. They’re already preferring people with previous finance backgrounds. I know this because I see it on the round table. People don’t like my answer, but I’m not gonna lie to you here.
Or industry knowledge. Anecdotally I have been told that my experience with product marketing strategy in healthcare/health tech is valuable for healthcare coverage groups. Biggest piece of advice I’ve been given in general is to know what coverage group you’d like early
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nesciuntsequi
I mean that’s my point— seems like they are still hiring (from what I heard, 2025 may have been at par or more than ‘24).
They hire due to A2A being down but that’s not going to be forever. They’re slowly starting to cut heads and reduce team size.
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That way you can craft a story
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