Stylized facts from a small panel show that AUM per employee, revenue per employee, and operating expense intensity have evolved with computerization, passive investing, and AI waves in financial firms.
Automation and Polarization
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From Clerks to Agentic-AI: How will Technology Change Labor Market in Finance?
Stylized facts from a small panel show that AUM per employee, revenue per employee, and operating expense intensity have evolved with computerization, passive investing, and AI waves in financial firms.