Will the analyst's role be replaced due to automation?

like
Posting as :
works at
You are currently posting as works at

If anything technology has made our job harder. My MD learned how to make comments on his iPad and will send them at any waking (and non-waking) hour

likefunny

I hope so!

like

General rule (maybe I heard bill gates says this) is people overestimate short term change and underestimate long run change. Seems like it makes sense here.

Next few years? I dunno - probably more of the same with incremental changes

Long term? Analysts could be obsolete - it’s laughable to suggest deep learning won’t enable software to generate perfect models/analysis perfectly in seconds.

Longest term? Maybe total disruption of investment banking business with new processes for identifying, structuring, negotiating and financing deals

likehelpful

Who will carry the books?

like

Short term - no

Medium term - technology will augment the analyst’s job. Fewer people will be needed to accomplish the same tasks. The people who remain will need to have a strong understanding of the underlying technology in order to maximize its potential. This is already happening in fields like trading and quantitative PM/research

Long term - Skynet will become self aware

like

I could see stuff like inputting/spreading financial data and graphics design being dramatically streamlined to the point where they don't take up a material amount of time any more. However there's tons of ad hoc modelling analysis that will always need to be custom made any an analyst.

like

Yes and no. The number of analysts is bound to reduce, however I won’t bet on them being absolute. Higher ups will always need someone to do the grunt work (although it would be close to none) and shit upon.

Post Photo
like

It really depends on the function of the analyst. I work in tech and have a good sense for a lot of what our business users do day to day and know 💯 we could automate the shit out of that.. but to get it done quickly, focused and correctly is hard to do for many reasons

Related Posts

Any word on how the increasing positivity rates are going to affect the court openings and trials in Cook County? I know that some civil trials were being conducted and there was talk about opening more courtrooms. But that was before the sudden spike in positive tests.

like

Bain & Company To consultants at MBB’s, Roland Berger, OW, Kearney, Arthur D.Little. When does the openings starts for Junior position.
As I’m checking out for vacancies, I can’t see any at the moment. Usually there’s a timing for when do they open. Any idea? Bain & Company McKinsey & Company Boston Consulting Group Kearney Roland Berger Oliver Wyman Arthur D. Little Limited

like

Hi all. I have applied for Oracle PL/SQL job opening at BOFA. How many rounds of interview will happen and what are they? And my YOE : 6.6 my current CTC is 14.68LPA. How much should be my expected CTC?

like

I applied for a role at Amazon bit the status has not changed from Under Consideration since May, should I wait longer or consider it closed?
They have not contacted me for any rounds yet.

like

Open to a new role more focused in the tech industry. Have nearly 5 years working in a top 5 Canadian bank. I currently manage a commercial banking portfolio of roughly $100 million in annual commercial lending clients. Have experience selling and managing c-suite etc. Looking for a remote opportunity.

like

Anyone in herspiegel? I’m looking for a referral for a consultant/sr consultant position in life sciences if you are hiring. Have 2 YOE.

likefunnyuplifting

Is it possible to make a transition to VC (ideally senior associate / vp role) after a two year Associate stint in MM PE? I worry that the prior interest in moving late stage will be frowned upon by early stage investors among other issues

like

I’m hiring for multiple inside sales rep in Houston, TX. This is in office (not remote) with a base salary range from $50K - $65K DOE, 10% uncapped commission.

DM me your info and we can connect!

like

Meta is hiring across the board. Send me a DM if you are interested in one or multiple roles and feel prepared to interview soon!

likehelpfulsmart

Just completed the interactive recorded interview for EY-Parthenon and got positive feedback from recruiter. What are the next steps for a SaT cyber position?

like

currently tossing up between staying at a global company (who is in the process of some positive changes) with an amazing manager who supports my career and flexible working … however comes with the inherit issues that come with a long standing global company

compared with a role at a smaller mga, higher salary (around 30%) more , more visibility career wise and some great employee benefits , management seem to be supportive and low staff turnover

which would you choose here

like

Current CTC 20 fixed. YoE 11.
An offer HSBC is in pipeline ( 28 fixed as per Recruitment consultant). Position offered is Senior consultant specialist.
However I know that there is scope of pushing the offer till 36. Any inputs on getting the offer to desired figure would be helpful.

like
like

If a role is scoped as a Lead with 8 years of experience and is a people manager, what would you expect the level at?

like

What is the fixed-variable split in TCS for a Consultant role? Is 35L a good enough salary for that role?

like

Do you have any advice for a career in a bank?(Position in IT)

like

ValueLabs is Hiring Node JS Architect
Dm for referral

Post Photo
like

Any Idea on what CTC Walmart global tech offers for PM role in India?Any Idea on what CTC Walmart global tech offers for PM role in India?

like

Hey gang. If you exited BL or are looking to exit, where did you go and, more importantly, how did you figure out the path? I sometimes feel like career steps after BL for most associates are organic and less deliberate. But I’m lost with where to go next with my career. Entering fourth year PE M&A associate. Ready to leave.

like

More Posts

Anybody have a 39mm Polar Explorer II? Thoughts?

Thoughts on the proposed JetBlue -Spirit Merger?

I used to be a big fan of Jetblue(nyc based), but lately I feel like the airline is just as bad as the low cost ones. Old aircrafts, canceled and delayed flights. I can see why it’s important for JetBlue to have this merger for their relevance in this field.

likefunny

Hey folks, what is the average salary for a Financial Planner role in India?

like

I like her style

Post Photo
like

Just finished the first year, thinking about leaving consulting for greener pastures. Any tips on how to start the job search?

like

I currently the iPhone 6s. Should I upgrade to the iPhone 7 Plus?

like

How is Christmas like your job? You do all the work but some fat guy in a suit takes all the credit.

like

Hello I joined Deliotte usdc like 2 weeks back ,
And
I only selected a location as Gilbert ,Az thinking living cost will be less , but Dono for what reason everything is increasing in Gilbert ,

Now I want to shift to Orlando location usdc ..

Can I do that ? What is the procedure ?
H1b visa

Welcome to Oracle Consulting

like

Looking for an opportunity as Devops engineer. currently working at Ericsson with 5+ years of experience.

Nagarro car rental
Hi Nagarrians, Can I give an account number of a different person and the bill/ RC of other?
I don't want to give the account number of same person of whose RC I have given..

Please help out a newbie here.
TIA

like

For those using Fios, do you rent the Fios router or do you use your own? Trying to decide if using a non-Fios router is just as good

like

BNP Paribas CIB Can some one help me provide referral for BNP BNP Paribas CIB BNP Paribas

Finally unlocked terraforming! Here’s my entrance

Post Photo
likeuplifting

Any decent turnip prices?

like

Trash bandits buying for 323

likefunny

How do you vet tax accountants to tell if they're good or not? How much do you spend on them for annual filing?

like

Anyone familiar with Ephesoft Transact that would let me pick their brain?

like

Additional Posts in Finance

Idk what I want to do with my life and at this point im too scared to ask

like

If Obama has swagger, what does Trump have?

like

The worst combination is when you’re stupid but ambitious. Any other won’t be as bad :(

like

Does Donald Trump's evasion about releasing his tax returns bother you?

like

Do you wear a suit to work every day? How formal is your office?

like

Best home office chair? A bit late to the WFH game and just getting set up

like

Transitioning from line of business familiarity (understanding financial statements) to... real(?) Finance (bonds and cap markets and other debt sales) any advice on books or resources to learn really from step 0?

like

I’m an analyst level on the pm team of separately managed equity accounts at my firm, looking to get more into private assets, does anyone have any suggestion of a possible path? Is getting to banking first inevitable? Thanks!

like

Working in Risk Management, looking into the FRM exams. Does anyone have any insight or advice?

like

Girls in asset management PUT OUT. Haven't gotten a handie like that in years.

like

Think a bear market's on the horizon?

like

Home for the weekend, and I'm find it more and more difficult to relate to my old high school friends. Anyone else feel this way?

like

Wish i made moreeeeeee money...

like

Hi all, I have a question regarding retirement accounts. I am not sure if I should choose a Roth or 401k (company has 4+2% match). Currently 23, base salary is ~100k and investments have brought 45k this year which has me teetering between a 22-24% tax bracket. Wondering what the usual tax bracket is of people retired (around 65yo) as I’m not sure anything would bring in significant income with the exception of investments. In my case would a Roth make sense? Appreciate any answers!!

likesmart

If you ever get a chance, invest in a tailor-made suit. They really are worth it.

like

I remember when I was younger, the idea of making a six figure salary sounded so out of reach. Now that I have it, why do I feel like I haven't "made it" yet?

like

What do you use to find jobs besides LinkedIn?

like

How often do you actually make it to the gym in a "normal" week?

like

I'm thinking about starting something, but I want to be well versed in entrepreneurship before I do. Any recommended resources (websites, podcasts, books, etc.)? Thanks!

like

Any insight on CAIA? Difficulty and whether it impacts salary?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal