Will AI and ChatGPT Replace Investment Banking Analysts?

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Will AI and ChatGPT Replace Investment Banking Analysts?

Рет қаралды 24,545

Күн бұрын

Can AI replace investment banking analysts? Or will it just help them work smarter and faster? In this video, we dive into how AI could transform the way investment banking analysts work, and what it means for their work-life balance.
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⏱Timestamps⏱
0:00 - Introduction
0:53 - Agenda
1:26 - How will AI change how analysts create PPT presentations?
5:08 - How will AI affect how analysts build financial models?
10:11 - Will investment banking analysts finally work less hours?
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Пікірлер: 51

@rareliquid Жыл бұрын

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@marianovallendor1529 Жыл бұрын

I work in research in IB in jp. I am needing part 2 of this video now!

@ecccc758 Жыл бұрын

Would love more videos covering AI and your thoughts for every development there is!

@UNKNOWN-1589 Жыл бұрын

Ben only be posting just world class videos , it’s incredible. ✌🏻

@PS-ro8er Жыл бұрын

Haha just a few days ago I was looking for the answer to this question, thanks Ben

@rareliquid Жыл бұрын

np!

@adamkulikowski2495 Жыл бұрын

If one bank uses AI, it’s gonna beat other banks in deal flow. So in the end all banks will adopt AI and hours are same.

@Frnd4Ever Жыл бұрын

Will definitely reduce the number of vacancy of human in the area. As Human with tool like GPT can do much more work.

@Brodragon2225 Жыл бұрын

Survival of the fittest

@bewater28 Жыл бұрын

Then there will be more work in all the industries since everybody's gaining productivity hence no change. But maybe u don't get a job if u don't know gpt, just like u don't get a decent job if u don't know how to use a computer now, or a factory machine two hundred yrs ago. Ofc it's gon be ez to pick up for the younger generation and old ppl will b retiring anyways hence not much change after all.

@Brodragon2225 Жыл бұрын

@@bewater28 nope ai is made like Jarvis to replace humans mostly but yes jobs will remain but very less very very less

@AntonioLopez-ds5so Жыл бұрын

Aaaaaamazing video, Rare. Keep it up, brother 💪🏻💪🏻

@barryaherne215 Жыл бұрын

Cool video! Can you see AI having any effect on rareliquid's business model and the products you will sell? Have you thought about how you could use it to your advantage? Great video as always 👌

@Napoleonvanderbilt Жыл бұрын

Is there any fututre for High Schoolers who just want to do M and A, investment banking sales and financial modeling. No quant, no coding and so on. Just good old fashioned sales, and still make ungodly amounts of money?

@ajpimentel5717 Жыл бұрын

No it’s not the 80s any more. If you want to make ungodly amounts of money you need to do ungodly amounts of work

@resa574 Жыл бұрын

It's not ungodly amounts of money lol, those days are behind us pre 2008. Finance is a contracting industry: too much competition in the HF/PE/VC/IB space AI is going to monopolize the tech industry into a couple of winners while cutting employees and thinning the team eventually. Arguably the most potential opportunity is in Biotech, but again risky

@DEXYDEVIL Жыл бұрын

@@resa574should I pursue investment banking?

@armitageshanks2499 Жыл бұрын

Imagine graduating triple honours from HSW then working on fixing double spaces and font sizes 😂😂🤣 HF all the way

@rareliquid Жыл бұрын

lol

@rupertmiller4718 Жыл бұрын

An interesting one. Analysts haven't exactl;y been covering themselves with glory this last earnings season. The number of reports of analysts being surprised by earnings at the nasdaq companies in particular is somewhat alarming. If you know the companies you cover reasonably well and you know their product, you should not be continuously being surprised. Would AI do any better, probably not, but just not being worse might be enough. I hope not but it would be good to see analysts raise their game a bit.

@AN3MY 8 ай бұрын

You misunderstand the banking model fundamentally. Theyre not paid to be right. Theyre paid to produce marketing materials.

@rupertmiller4718 8 ай бұрын

@@AN3MY no not really, are you a banker?

@armitageshanks2499 Жыл бұрын

You can't take the banking outta the man 😂😂😂

@zachgoldstein2963 9 ай бұрын

what ai copilots have you tried for financial modeling use cases? read thru the above comments. looking for updated suggestions. thanks

@perpetualsteak9470 Жыл бұрын

Is there a list of target schools for IB?

@andyangchannel Жыл бұрын

The job won’t be replaced but it will be made easier😄

@UnionPacific1997 Жыл бұрын

As long as your boss, CEO, and overlord aren't greedy

@mjcooler6229 Жыл бұрын

Hey i know this has nothing to do with the video but what’s the easiest way to convert a fiscal year to a calendar year? Is there a quick way or do you have to add the quarters

@rareliquid Жыл бұрын

most accurate is adding the quarters. otherwise take the % of each year and multiply to each relevant line item for ex if fiscal year is 6/30 and you’re calendarizing for 2022 then you’d take 50% x 2022 + 50% x 2023

@HomoOeconomicus999 Жыл бұрын

Just the 90-hour working week will become 40 hours.

@rareliquid Жыл бұрын

not for a while imo unfortunately

@jeremyhuang9833 Жыл бұрын

Do you think that as productivity increases, banks will look to take on even more deals and therefore not really change the working hours? Perhaps see a combination of middle markets with the bulge brackets?

@User-x2f3ef4s4fs6g 2 ай бұрын

watching this after the GPT 4 -0 presentation?

@mattdaemontargaryen5256 Жыл бұрын

You're really resourceful bro you should apply for JP Morgan

@xxyanlixx Жыл бұрын

Im kinda glad im in manufacturing now. Unless AI can suddenly source materials and assemble an electronic gadget, otherwise my industry should remain the same. Right?

@DARKAMIN021 2 ай бұрын

I mean AI shortened grunt work

@Bhilon 5 ай бұрын

No because Microsoft wants people to suffer hence Elon musk suing. Bloomberg funding wef instead of open sourcing his terminals that could really help everyone

@nev6250 Жыл бұрын

Hi Ben Did you travel for work when you were an analyst? Is it common to do so?

@rareliquid Жыл бұрын

nope not that common maybe few times a year

@nev6250 Жыл бұрын

Did you travel via plane? Or was the distance short enough to travel via car/public transportation? Asking since I might have a passport issue, nothing illegal. Thanks for the reply. Have fun in Seoul!

@mohamedmohamedabdallah13 Жыл бұрын

very nice video

@mqttia-1924 Жыл бұрын

If modells are automated Investmentbanks wont need that much if analyst

@BeamJadeniphit Жыл бұрын

❤❤❤

@mauvehawaii Жыл бұрын

no because IB analysts don't have technical skills. they're even the least technical of all the finance analysts. hence chatgpt can't replace them, because their job is not technical.

@armitageshanks2499 Жыл бұрын

?????? IB analysts are arguably more technical than ER and AM analysts, and hands down undoubtedly more technical and faster than the typical FP&A/ corpfin analyst

@ask_why000 Жыл бұрын

I don't really believe in an AI revolution. The only place it might have true enroads is financial services. AI will absolutely destroy investment banking. Just turn on a program and set the parameters and why would you need so many active managers?