AI Could Free 50%-65% of Junior Analyst Work at Asset Managers as PM Roles Shift
Updated
Updated · eFinancialCareers · Aug 12
AI Could Free 50%-65% of Junior Analyst Work at Asset Managers as PM Roles Shift
3 articles · Updated · eFinancialCareers · Aug 12
Summary
BCG estimates AI could free up 50% to 65% of junior analyst work in asset management, while affecting only 5% to 10% of portfolio managers’ roles because final investment decisions still require human judgment.
Data gathering and first-pass modelling are the tasks most exposed, shifting the edge for portfolio managers from producing analysis to choosing, combining and challenging models.
19% of asset management and private equity firms have deployed AI agents, versus 39% of banks, showing an industry still stuck in pilots and incremental productivity gains that BCG says are no longer enough.
T. Rowe Price, with $1.9 trillion under management, said it is only now moving beyond isolated use cases, though it already has 130 AI solutions deployed and more than 70% associate adoption.
BlackRock is also embedding AI into client products through an Aladdin copilot, even as firms risk weakening junior training by automating the filing reviews, model updates and management-call work analysts traditionally learn from.