Junior Bankers Say Grunt Work Matters as AI Takes On Hated Tasks

Wall Street firms are all in on AI, touting it as a game-changer that can minimize the repetitive, soul-crushing tasks that define junior bankers’ early careers. After long complaining about excessive hours of grunt work, junior bankers might be expected to celebrate too.

Instead of relief, the rise of artificial intelligence is causing anxiety, and not just over job security but what might be missed by skipping the grind. The concerns may strike some as ironic given analysts’ gripes about the drudgery associated with creating slide decks and pitch books.

Still, as junior bankers start to see the way AI ...