Despite high‑profile layoffs at major banks, academics and industry experts say AI is not yet precipitating wholesale job displacement on Wall Street. Researchers note pandemic‑era overhiring, economic uncertainty and restructuring as primary drivers of recent cuts, while AI so far augments junior analyst work rather than replacing complex roles. The Citigroup analysis that 54% of financial jobs have high automation potential is prompting business schools to retool curricula—emphasizing AI literacy, data skills and human judgment—as graduates face shifting hiring practices. NYU Stern’s Robert Seamans called AI 'a scapegoat' for structural hiring decisions. Business schools and career offices should prepare students for a labor market where AI changes job content more than total demand; that means updating experiential learning, technical training and employer engagement strategies.