Hi All - As announced in this video (bit.ly/3eduRGS) I’ve launched a Career Consulting / Life Chatting “Service” where I’m meeting people virtually for 30 minute sessions. I’m continuing to make videos and answering every question I can in the comments as always and live streaming every Wednesday at 10pm EST, but this is a good opportunity if you’re in need of individually catered advice. If you’re interested, please fill out this form forms.gle/LRdnvX7inZWYoBrj7 Looking forward to hearing from you!
I think MS excel is the biggest AI that has already took over the finance field to the next level. Today you just have to punch in the numbers and arrive at the conclusion. As far as finding the management discussions from the reports is concerned, I think the Control F key function helps to do that. So i dont think anymore AI could come into Finance. Thirdly the M&A thing is very difficult without a human touch because no one would just trust algorithms for making decisions of their companies. Thanks for bringing the topic and you are doing great with the channel. God bless.
Subscribed a couple weeks ago. Not in banking but you’re an interesting guy to listen to with a good channel. Have a feeling you’ll hit 100k 10 months from now. Good luck man. Youtubing is AI proof!
Hi Bryan, very happy to see your videos, I find you to have the same personality of mine (talking in a fast pace, being perceptive and moving hands quite a lot) haha but in English (I am Spanish speaker). Even tho, I wanted to ask you about how do you see your female peers in the industry of IB
Hey Bryan, this question is a bit unrelated to the topic of the video, but I couldn't find a better way to reach out. What would you say are the best News Platforms for M&A deals or other relevant content. I don't see much M&A information on WSJ, which is the primary platform I read.
I guess breaking into IB as an Associate investment banker will be better than joining as a analyst. What do you think Bryan? Can an MBA just help me to pursue a career as an Associate investment banker? Or do i have to gain some more experience except internships?
Imo there is a misconception about investment banking and other finance jobs. IB is an advisory job, specially if the company being assessed is private, then the negotiation in the M&A process depends highly on the skill the banker has to maximize the value of the company. I highly doubt that the M&A industry is going to be affected by AI, probably Sales and Trading is going to be the big loser.
@@TheBryanJun Only the Trading part but that is still not accurate enough to read human behavior. The psych of the market is still decided by the choices of humans. There is a reason some firms who have pushed algos have lossed a lot of money.
I have an investment banking interview coming up for JP Morgan soon. Was wondering if we could setup a zoom FaceTime call so I could ask a few questions? It would be great if you could fit me into your busy week. Or maybe not is busy. Thanks
@@TheBryanJun Gosh darn, I get it homie. So, I have an interview via HireVue coming up with JP Morgan for an IB internship this summer! I just wanted to ask for a few tips/pointers in order to help prepare me for the interview. Thanks, and keep up the content, you're great at it haha.
Hey Bryan great video, could you talk about diversity in IB and the kind of changes you are seeing at the moment in this current situation.Also, what are your thoughts on ways of engaging women more with the IB streams? It would be super to hear your thoughts.Have a great day 😊
I think diversity in IB is a work in progress but it's definitely still a boy's club but at the same time "forced diversity" doesn't work either. I don't have a solution but that doesn't mean we shouldn't talk about it either.
BRYANNNNNNN. Im in grade 10 right now and I am considering investment banking as a career 1) My chemistry mark is 80, so I dont think its good enough, so do I need sciences 2) Im in Canada so hypothetically if I get into #2 best business school in Canada, would US companies care about me 3) What courses in High school do I need to take If you answer thank you VERRY much
I’d say definitely start taking coding clases, like ap computer science principles/a. If you can beat ai, join it. Learn how to use ai. That’s a killer combo with finance. Dont be replaced, be the replacer.
Does this mean that if you want to go into hedge funds and your not a code guy then you won’t be needed? Even in long short or macro hedge funds that aren’t quant
Nah hedge funds you still need the associates / PM's to come up with the theses, I think there will be human-based decisions AI can't replace for a bit
Can you make a video comparing salary's / lifestyle of ibs at top firms( jp Morgan, Goldman etc) vs software engineers at FAANG or HFT trading firms like Citadel, jump trading, Jane Street etc? I think that would be really informative!
IF we look at history of tech advancement, yes there were always some losers, those who could not or would not adapt to new conditions. But for the most part, every tech advancement has also created more jobs on aggregate, both in terms of numbers and variety, and has generally just made obsolete jobs which were repetitive, and imo, not gfit for humans to live a fulfilling life. Nobody can convince me that screwing in the same screw in the same piece of equipment in a shitty factory for 30 years is fit for a good life, and we recognise it now in countries with bad labour conditions in Africa and Asia. In any case, it really ties into the idea of Creative Destruction needed for progress (very good read - Why Nations Fail), but other than that. AI is scary, but I think the least scary thing about it is the jobs. It will unlock new potential in that area. What is scary is impact on our daily lives (social points scores?) and democracy (cambridge analytica/brexit/trump and all that)
So basically you wanna say "hasta la vista baby" to calendar invites. Okay I know that's a bad joke don't have anything better. Edit: also I hope people get the reference
As long as your boss will need you to update/edit a deck, AI becomes less useful As long as your projections are based on forward looking assumptions (not just relying on historical data), AI becomes less useful -to my best knowledge, work done by bankers are quite the same( building models, preparing decks) but the thinking processes required, particularly for building models, is never constant.. A firm could capitalize R&D, another could do otherwise.... Hence, A.I becomes less useful. A.I studies pattern/behaviour to produce results. Unless you are ready to employ 100s of A.I experts to code in; - daily changes occurring per desk on every new deal - thoughts of analysts -accounting frameworks of different regions, deals -nonrecurring/strange items embedded in major line items - research abilities then we can discuss. Analysts themselves are the A.I. Technological products like Excel & Factset, are at best, there to save time and help you leave the office early!!! In fact, programmers/tech related jobs are more likely to be replaced with A.I You can create websites freely in 5 steps today Similarly, you can create Apps in easy steps, analyze data with ready made tools etc.
I've also been asking a lot of other people this question. I last asked a top consultant from AT Kearney and he said " We don't know what will remain and what won't. We just do our best". Anyway keep up the good work. 10k subscribers!
Hi All - As announced in this video (bit.ly/3eduRGS) I’ve launched a Career Consulting / Life Chatting “Service” where I’m meeting people virtually for 30 minute sessions. I’m continuing to make videos and answering every question I can in the comments as always and live streaming every Wednesday at 10pm EST, but this is a good opportunity if you’re in need of individually catered advice. If you’re interested, please fill out this form forms.gle/LRdnvX7inZWYoBrj7 Looking forward to hearing from you!
I think MS excel is the biggest AI that has already took over the finance field to the next level.
Today you just have to punch in the numbers and arrive at the conclusion.
As far as finding the management discussions from the reports is concerned, I think the Control F key function helps to do that.
So i dont think anymore AI could come into Finance.
Thirdly the M&A thing is very difficult without a human touch because no one would just trust algorithms for making decisions of their companies.
Thanks for bringing the topic and you are doing great with the channel.
God bless.
Great insight - agreed especially on the advisory point
thanks for the information. it really calmed me down because i really wanna become that one!
Subscribed a couple weeks ago. Not in banking but you’re an interesting guy to listen to with a good channel. Have a feeling you’ll hit 100k 10 months from now. Good luck man. Youtubing is AI proof!
Thanks so much!!
Jokes aside the haircut is fire
Helll yaaaa
Spoiler alert. Bryan is actually an AI bot
I wish
Can you make a video about how much money you make/budget breakdown? Interested to see the living standard of young investment banker.
He already did: ua-cam.com/video/wX5GoQZ2U08/v-deo.html
And this one is kinda related ua-cam.com/video/FZy8C2TKUbk/v-deo.html
@@TiaraTanka thank you boss
I'll create a more detailed budget video soon
Your videos are amazing and incredibly informative!! Keep it up 🙂
Thanks so much!
Just came to check and got impressed!
Thanks bro!
Great video as always Bryan!
Your channel is brilliant, both entertaining and informative.
Also, the haircut is looking freshh
Thanks so much hahahah i dig it not gonna lie
yeah
very cool video. Really enjoyed it
Thanks!
Hi Bryan, very happy to see your videos, I find you to have the same personality of mine (talking in a fast pace, being perceptive and moving hands quite a lot) haha but in English (I am Spanish speaker). Even tho, I wanted to ask you about how do you see your female peers in the industry of IB
There's definitely a lack of diversity in IB but we're working on it!
Not a finance guy, but i watch your videos religiously! Great talker
Thanks so much! Tryna push out non finance vids too
그래요 ~
Hey Bryan, this question is a bit unrelated to the topic of the video, but I couldn't find a better way to reach out. What would you say are the best News Platforms for M&A deals or other relevant content. I don't see much M&A information on WSJ, which is the primary platform I read.
We have subscriptions to mergermarket, etc. i think smaller mergers are harder to come across unless you closely follow the PE market
I guess breaking into IB as an Associate investment banker will be better than joining as a analyst. What do you think Bryan? Can an MBA just help me to pursue a career as an Associate investment banker? Or do i have to gain some more experience except internships?
You probably need experience to get an MBA which will help you get into IB
No you are not gonna be Patrick Bateman
Imo there is a misconception about investment banking and other finance jobs. IB is an advisory job, specially if the company being assessed is private, then the negotiation in the M&A process depends highly on the skill the banker has to maximize the value of the company. I highly doubt that the M&A industry is going to be affected by AI, probably Sales and Trading is going to be the big loser.
Completely agreed
@@TheBryanJun Only the Trading part but that is still not accurate enough to read human behavior. The psych of the market is still decided by the choices of humans. There is a reason some firms who have pushed algos have lossed a lot of money.
I have an investment banking interview coming up for JP Morgan soon. Was wondering if we could setup a zoom FaceTime call so I could ask a few questions? It would be great if you could fit me into your busy week. Or maybe not is busy. Thanks
I'm sorry I don't do one on ones like that but happy to answer questions here!
@@TheBryanJun Gosh darn, I get it homie. So, I have an interview via HireVue coming up with JP Morgan for an IB internship this summer! I just wanted to ask for a few tips/pointers in order to help prepare me for the interview. Thanks, and keep up the content, you're great at it haha.
Hey Bryan great video, could you talk about diversity in IB and the kind of changes you are seeing at the moment in this current situation.Also, what are your thoughts on ways of engaging women more with the IB streams? It would be super to hear your thoughts.Have a great day 😊
I think diversity in IB is a work in progress but it's definitely still a boy's club but at the same time "forced diversity" doesn't work either. I don't have a solution but that doesn't mean we shouldn't talk about it either.
Bryan Honestly, could not have said it any better.The bro culture is very much dominant but I think progress is being made slowly but surely.
Knowledge X Humour = Bryan.
I'll take credit for humor, knowledge idk
BRYANNNNNNN. Im in grade 10 right now and I am considering investment banking as a career
1) My chemistry mark is 80, so I dont think its good enough, so do I need sciences
2) Im in Canada so hypothetically if I get into #2 best business school in Canada, would US companies care about me
3) What courses in High school do I need to take
If you answer thank you VERRY much
I’d say definitely start taking coding clases, like ap computer science principles/a. If you can beat ai, join it. Learn how to use ai. That’s a killer combo with finance. Dont be replaced, be the replacer.
Does this mean that if you want to go into hedge funds and your not a code guy then you won’t be needed? Even in long short or macro hedge funds that aren’t quant
Nah hedge funds you still need the associates / PM's to come up with the theses, I think there will be human-based decisions AI can't replace for a bit
I’m majoring in Finance, do u have any advise what job is the safest from automation?
wish I was smart enough to be an algo boi, ib just isn't cool anymore
Just grind that codeeee
Can you make a video comparing salary's / lifestyle of ibs at top firms( jp Morgan, Goldman etc) vs software engineers at FAANG or HFT trading firms like Citadel, jump trading, Jane Street etc? I think that would be really informative!
just Google it
do you think buying the WSO IB courses are worth it?
Never personally used it outside of the free stuff but I'm sure it works wel
hi
IF we look at history of tech advancement, yes there were always some losers, those who could not or would not adapt to new conditions. But for the most part, every tech advancement has also created more jobs on aggregate, both in terms of numbers and variety, and has generally just made obsolete jobs which were repetitive, and imo, not gfit for humans to live a fulfilling life. Nobody can convince me that screwing in the same screw in the same piece of equipment in a shitty factory for 30 years is fit for a good life, and we recognise it now in countries with bad labour conditions in Africa and Asia.
In any case, it really ties into the idea of Creative Destruction needed for progress (very good read - Why Nations Fail), but other than that. AI is scary, but I think the least scary thing about it is the jobs. It will unlock new potential in that area. What is scary is impact on our daily lives (social points scores?) and democracy (cambridge analytica/brexit/trump and all that)
This is a great perspective, and I hope this to be the case. We should definitely be scared of how it'll affect us socially
Great Video Bryan! I concur with everyone that the hair cut is 🔥(no homo)
Thanks so much!
i think AI is like breast implants... we still prefer having real ones
So basically you wanna say "hasta la vista baby" to calendar invites. Okay I know that's a bad joke don't have anything better.
Edit: also I hope people get the reference
LOL i got it
No offense my friend, but I trust a computer much more than a human
LOL same
Same...😂😂😂 Atleast nowadays
As long as your boss will need you to update/edit a deck, AI becomes less useful
As long as your projections are based on forward looking assumptions (not just relying on historical data), AI becomes less useful
-to my best knowledge, work done by bankers are quite the same( building models, preparing decks) but the thinking processes required, particularly for building models, is never constant.. A firm could capitalize R&D, another could do otherwise.... Hence, A.I becomes less useful.
A.I studies pattern/behaviour to produce results. Unless you are ready to employ 100s of A.I experts to code in;
- daily changes occurring per desk on every new deal
- thoughts of analysts
-accounting frameworks of different regions, deals
-nonrecurring/strange items embedded in major line items
- research abilities
then we can discuss.
Analysts themselves are the A.I.
Technological products like Excel & Factset, are at best, there to save time and help you leave the office early!!!
In fact, programmers/tech related jobs are more likely to be replaced with A.I
You can create websites freely in 5 steps today
Similarly, you can create Apps in easy steps, analyze data with ready made tools etc.
your bed is not made and it is scratching my eyes
Hahahahaha will work on it
I’ve never made my bed in my entire life
Bryan pls fix
First 😁
Yeeeeet
haircut is hot af
HAHAH thanks
I've also been asking a lot of other people this question. I last asked a top consultant from AT Kearney and he said
" We don't know what will remain and what won't. We just do our best".
Anyway keep up the good work.
10k subscribers!
LOL wise af thanks!
first
Almost!