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Pitchbook assembly, comps, and CIMs are now drafted by AI. The analyst still works late — on higher-leverage parts of the deal.
It is 11:47 p.m. at a bulge-bracket M&A desk. Two years ago the first-year would have been cranking slide 42 of a 90-slide pitch. Tonight the AI drafted 78 slides by 8 p.m.; she has spent the last three hours interrogating the LBO model assumptions, verifying comps, and catching two numbers the model got confidently wrong. She is still there at midnight. Just doing different work.
| Task | Before AI (2020) | Now (2026) |
|---|---|---|
| Pitch slides | Analyst builds overnight. | AI drafts; analyst verifies and refines. |
| Comps | Hours of manual pulling. | Minutes with LLM + data platform. |
| CIM | Weeks of writing. | Days with AI draft and MD edits. |
If you want to be an investment banker: Top target or semi-target school, 3.7+ GPA, finance or econ, Excel fluency by sophomore year. Spring week, sophomore summer, junior SA — the funnel is ruthless. Build a modeling portfolio with BIWS or Wall Street Prep. Learn one AI finance tool deeply. The job still rewards stamina, precision, and relentless attention to detail.
15 questions · take it digitally for instant feedback at tendril.neural-forge.io/learn/quiz/end-career2-investment-banker-deep
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