The numbers are staggering. Tech giants Microsoft, Meta, Amazon, and Alphabet are on track to spend nearly $400 billion on AI-focused capital expenditures in 2025, with Morgan Stanley projecting an additional $2.9 trillion in AI-related investment between 2025 and...
What Happens When Banks Can License AI Instead of Hiring You? If you’re an investment banking analyst—or planning to become one—here’s what you need to know: OpenAI has assembled over 100 former bankers from JPMorgan, Goldman Sachs, Morgan Stanley,...
Image Credit: NY Post The Paradox On Tuesday, Goldman Sachs posted results that most banks would celebrate without qualification: profit up 37% to $4.1 billion, revenue climbing 20% to $15.18 billion, investment banking fees surging 42%. The firm is on track for its...
Wall Street’s MD Hiring Spree May Freeze Promotion Pipelines Through 2027 A recent wave of lateral recruitment has expanded MD ranks across the industry—and two-year guarantees protecting new hires could constrain advancement at multiple levels Investment banks...
The Inconvenient Truth About How Investment Bankers Are Made Investment banking has long operated on a convenient fiction: that the skills required to be a good analyst have much to do with the skills required to be a good managing director. They don’t, really....
The Transformation Underway JPMorgan Chase is exploring a dramatic restructuring of its investment banking workforce, with proposals under discussion to reduce the ratio of junior bankers to senior managers from 6-to-1 to 4-to-1, according to recent reports. However,...
