The Investment Banking Job Hasn't Changed Since 1990. AI Is Changing That with Wall Street Prep CEO Matan Feldman

Paul Barnhurst speaks with Matan Feldman, Founder and CEO of Wall Street Prep. Matan shares insights from his career in investment banking and financial modeling, discussing the future of AI in the industry, its impact on investment banking roles, and how it will reshape financial modeling education. He also reflects on his journey founding Wall Street Prep and the lessons he's learned along the way.

Matan Feldman is the Founder and CEO of Wall Street Prep, where he leads business development, course creation, and training programs for clients such as Morgan Stanley, J.P. Morgan, The Wharton School, and many others. Before founding Wall Street Prep, Matan worked at Chase Manhattan Bank and J.P.Morgan in investment banking and equity research.

Expect to Learn

• How AI is transforming financial modeling and investment banking workflows.
• The evolving role of financial modelers in an AI-driven world.
• How AI accelerates repetitive tasks, enabling analysts to focus on higher-level judgment.
• Why foundational financial modeling skills remain crucial despite AI advancements.

Here are a few quotes from the episode:

• "A model can either be the most powerful tool or the most frustrating one." – Matan Feldman
• "Judgment and interpretation will always remain important." – Matan Feldman

Matan Feldman shared valuable insights into the evolving role of AI in financial modeling and investment banking. He emphasized the growing importance of business judgment and foundational skills as AI tools continue to reshape the industry. Matan's journey from investment banking to founding Wall Street Prep highlights the ongoing need for both technical expertise and strategic thinking in financial modeling

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Website: https://www.wallstreetprep.com/

LinkedIn: https://www.linkedin.com/in/matanfeldman/

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In today’s episode:

[00:00] – Introduction

[02:27] – Matan’s Modeling Nightmare

[05:07] – The Journey of Wall Street Prep

[08:21] – AI in Investment Banking

[14:06] – The Future of Modeling and Automation

[22:16] – Opportunities and Concerns in AI

[29:48] – AI’s Role in Teaching Financial Modeling

[36:02] – Rapid Fire Questions