(SeaPRwire) – By: Christian Brooks
Andre Bonnick spends hours rehearsing for finance job interviews. He’s not talking to a human. He’s prepping for AI-powered screening rounds. Even if he gets in, he wonders if the job will exist in a few years. Bank execs are clear: AI will cut jobs. JPMorgan’s Dimon said it will eliminate roles. Citi’s Fraser noted some jobs won’t be needed. Goldman’s Waldron called employees a “human assembly line” ripe for automation.
Banks are cutting junior analyst classes by up to two-thirds. Yet 62% of their AI talent comes from those same cohorts, per McKinsey’s QuantumBlack. Citi is rolling out an AI wealth avatar. Barclays uses AI to summarize 8 million customer calls since October. Revolut’s AIR assistant breaks down spending. But there are risks: laying off female-dominated admin staff could lead to discrimination claims, says lawyer David Parsons. Dimon also noted some firms use AI to cover up bad hiring decisions.
Banking is an apprenticeship business. Today’s juniors become tomorrow’s managing directors, per Patnaik. Senior judgment can’t be bought laterally. So banks won’t eliminate grads entirely. But entry-level roles will shrink. The industry will shift: AI handles routine tasks. Humans keep roles needing judgment. Breaking into finance will get harder—especially for those without AI skills.
Author bio: Christian Brooks, a prominent financial commentator covering global banking trends and tech’s impact on workforce dynamics.