Article originally published on Bloomberg on October 11, 2018
Wall Street directs billions of dollars into technology annually, aiming to automate roles like money managers, research analysts, and traders with advanced machines. However, there remains one role that many believe is resistant to automation: the investment banker.
Investment bankers play a vital role by orchestrating complex mergers and acquisitions, pitching initial public offerings (IPOs) to investors, and acting as trusted advisors and counselors to chief executives. Beyond their technical expertise, they are invaluable “rainmakers,” building and maintaining key relationships that drive business growth.
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