Top Goldman Sachs executive says new workers will be managing 'virtual army' of AI from the moment they start

• AI has replaced entry-level work, so graduates are being hired to manage AI
• Goldman worries about its impacts on existing middle managers
• "We don’t quite know what’s going to happen to that group"

Goldman Sachs exec Kevin Sneader has shared (via Bloomberg) how he believes AI could change jobs in banking, and it doesn't necessarily mean that junior workers will be at a loss for jobs.

Instead, Sneader believes that new employees will take on management responsibility immediately, rather than waiting years for promotions.

Previously, young workers would have spent the first few years performing administrative work before progressing into management positions, but rather than progressing into managing humans, junior workers will now start off managing AI.

Junior bankers set to manage AI from day one

With agentic AI now capable of carrying out the routine, administrative tasks that junior workers used to do, entry-level roles will no longer...

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