PE boss Orlando Bravo uses AI, hires more junior staff

However, Bravo views AI as a productivity tool rather than a job replacement. He believes it allows associates to concentrate on higher-order thinking and investing, potentially enabling them to mature faster in their roles. Contrary to fears of automation, Bravo indicated that his firm, which employs around 220 people, feels the need to hire more junior staff for the first time in his three-decade career. He explained that associates are now focusing more on engaging with companies and building relationships with CEOs, necessitating a larger team.

Bravo's firm, which specializes in software investing and manages over $180 billion, is one of many finance leaders commenting on the evolving nature of junior roles. While leaders at major Wall Street banks acknowledge AI's transformative potential for entry-level positions, most have not announced significant layoffs related to the technology, and the number of summer interns has remained stable or increased. However, Goldman Sachs CEO David Solomon recently suggested that his bank's hiring of new graduates might decrease slightly over the next three years as AI reshapes work.