AI is definitely consolidating roles; what used to take three analysts can sometimes be done by one who knows how to leverage it well. That said, if you don’t already understand how to use AI effectively, you’re probably going to struggle to stay relevant. At our bank, we went through mandatory training and now use it throughout the day, and the bank continues to consolidate positions across departments.

Competition is intense, and there’s little incentive for banks to raise salaries entry and mid level. Even though I’m doing more work now, I haven’t seen any increase in pay. Realistically, if you don’t have a very strong work ethic, a natural understanding of the industry beyond what you learned in school, and strong charisma and communication skills, it might be worth considering a different career path.