"Each role in financial services will be impacted differently as AI spreads through the industry, a process that's well underway. JPMorgan and Citi have rolled out in-depth AI strategies; Goldman Sachs has made its AI chatbot sidekick available firmwide. Business Insider spoke to Sumeet Chabria, a former Bank of America executive turned founder of consultancy ThoughtLinks, whose firm recently produced a report forecasting precisely which tasks in the investment banking world will be overtaken by AI, and what humans will be doing."
"Chabria's research predicts that AI could transform as much as 33% of IB workflows by 2030, meaning it will handle everything from data analysis and document drafting to simulating market scenarios. Here's a look at how the dynamic between people and the machines will play out for four specific Wall Street career tracks by 2030. Mergers & Acquisitions What bankers will be doing: M&A bankers will review potential risks, provide important context, and take the lead on final due diligence - especially in complex areas like tax, reputation, and integration planning, where human judgment is essential. They'll continue shaping deal strategy, advising clients, and leading negotiati"
AI adoption in investment banking could transform roughly 33% of workflows by 2030, automating tasks such as data analysis, document drafting, and market simulations. Adoption varies by function: M&A automation will screen targets, model outcomes, and draft materials while humans manage final due diligence, complex tax, reputation, integration planning, strategy, and negotiation. Sales and trading will lean on AI for analytics, scenario simulation, and algorithmic execution while humans maintain client relationships, oversight, and judgment in volatile conditions. Equity and debt underwriting will see AI assist valuation, investor targeting, cashflow and covenant analysis, with humans handling complex structuring and stakeholder management.
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