How AI Is Changing Investment Banking Jobs | The Future of M&A Careers

Artificial intelligence is rapidly changing investment banking, but what does that actually mean for M&A professionals and students looking to break into the industry?In this episode of the Market Maker Podcast, Anthony Cheung and Stephen Barnett explore how AI is being used across mergers and acquisitions, from deal sourcing and due diligence to financial modelling and research. They discuss the rise of specialist finance AI tools such as Rogo, why private equity firms are embracing AI, the risks around automation, and whether junior investment banking roles could look very different in the years ahead.Most importantly, they examine the skills that will become more valuable as AI reshapes finance careers, including communication, judgment, adaptability and relationship building.If you're interested in investment banking, private equity, AI in finance, or the future of financial services careers, this episode is for you.(00:00) How AI Is Changing M&A(01:49) What M&A Bankers Actually Do(04:49) Private Equity AI Integration(06:54) AI Adoption Across Finance(13:16) Where AI Adds The Most Value(19:13) Beyond Financial Modelling(26:38) Who Is Using AI Most?(28:50) Rogo, Claude & AI Tools(36:14) The Risks Of AI(38:52) The Future Of Investment Banking(42:40) Skills AI Can't Replace(49:03) Final Thoughts On AI & Careers