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In the future firms may hire less entry level people. Having already been hired, you shouldn’t be scared of losing your job to AI unless you don’t embrace AI.
Like folks before said. Big 4 Deals Value creation here - AI is all over us. Not in FDD but working with them. Expectations on turnaround time are getting crazy and you get to lean so much on AI on multiple parallel projects that you're not sure about risks. I saw things getting hairy and numbers pulled out of thin air already.
So ur hours are getting worse?
There would be less need for offshore / junior folks. The remaining team would have to deliver more projects with less staffing on a faster pace. Fees will have to be more negotiable and firms would have to realize at some point m&a work isn’t as profitable as they once were. It’s a pretty depressing future, I don’t think anyone is really excited about it unless you think you have a chance to become partner.
Most jobs don’t have the expectation to deliver on such a short timeline. We already went from 3-4 weeks for a standard project pre covid to 2-3 weeks with a leaner team now. I don’t think any sane person want to compress that even more even though that is where the industry is going with AI.
Which firm is still hiring from college?
But to answer your question, yes. It is scary time and we just had an AI training and it looks like it’s just gonna get better but still a long way to go. A lot of the baseline items like writing report and importing trial balances into the data book has already been automated.
Campus hiring is still a thing lol