AI Could Soon Replace Entry-Level Wall Street Analysts
AI Could Soon Replace Entry-Level Wall Street Analysts
Wall Street firms are looking to use AI and potentially replace entry-level analyst positions.
Too many industries are shitting on entry level employees now.. They're easy targets for layoffs and easy targets for AI, apparently. Now they're already complaining about the lack of quality talent.
If you don't invest in the next set of entry-level employees, you won't have the next set of qualified employees.
Everyone wants to hire senior devs, nobody wants to train junior devs.
It makes sense: juniors are a way bigger risk than seniors and usually leave a company right around the time that they're getting good.
And they have every reason to: companies aren't loyal to workers why should workers be loyal to companies?
But to a corporation that means they spent senior dev time training juniors into seniors for another company to use.
... I'm constantly arguing that we should have more junior devs on the team but we have none.
It's faulty, short-sighted logic though. If every company trained juniors, only for them to jump ship in two years, there'd be a pool of trained juniors to hire from. Yes you wouldn't get your investment out of that particular person, but you'd be hiring someone else's investment.
Beyond that, there's work that is better suited to more junior employees because it's literally a waste of the senior employees' skills.
juniors are a way bigger risk than seniors and usually leave a company right around the time that they're getting good.
Personally, as a manager, I find the opposite.
It's always the juniors that exceed expectations. You never hire somebody senior and find they can do twice as much as you thought. Juniors are often eager to learn if you are willing to teach them. They want to be good at their job, because they know they are laying the foundation of their career. Seniors often have all the bad habits baked in.
Then, if you get a good reputation for developing people (because they leave your team and impress their next set of colleagues) it becomes easier and easier to hire.
This is so obvious. I don't understand why I don't see it being reported on more often.
No you see, these companies want trained workers but don't want to pay for them (training or already trained workers). Complaining is free but is ultimately a lie.
If they really wanted trained workers they'd pay for training. Same as they did during the industrial revolution, WW2, the post war period, etc. It's not rocket science.
A coin flip program could replace Wall Street "analysts"
This is far more reliable for successful trades.
Unless they are a whale and then they pretend to predict while actually making it happen. Makes them look brilliant.
Cocaine demand is about to hit the floor
Since when can AI fetch coffee and cocaine?!?
You mean AI could replace a bot parsing !WSB?
“Diamond hands 🙌💎”
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The White Stuff is a great cyberpunk short story.