Goldman exec: new bankers manage AI agents from day one, middle managers in limbo
Goldman Sachs executive Kevin Sneader said young recruits now start their careers managing AI agents instead of spending years on entry-level administrative work, describing the tools as a "virtual army" they must make the most of. With agentic AI absorbing routine tasks, entry-level roles are disappearing and graduates move straight into oversight, while the outlook for existing middle managers is unclear — "we don't quite know what's going to happen to that group," Sneader said.
Why it matters: It illustrates how agentic AI is compressing the traditional career pyramid in banking, shifting junior hires into AI oversight roles and raising questions about middle management.
References Bloomberg Technology · TechRadar
Junior Wall Street recruits are starting their careers managing artificial intelligence agents rather than spending years doing entry-level grunt work, calling into question the future of traditional middle managers, according to a top Goldman Sachs Group Inc. executive.
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