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Mergers & Acquisitions Analysts

Business & Financial Operations
Projected change 2024–34: +5.7%
Median annual wage (2024): $101,350
Employment (2024): 369K

United States · BLS Employment Projections 2024–34 (figures for SOC 13-2051 occupational group)

AI exposure in published research

Figures below are reproduced from external datasets without modification. Where a dataset does not cover this occupation, the value is shown as — rather than as zero.

Data provider: OpenAI · "GPTs are GPTs"

Time basis: 2023 baselineex-ante estimate

Scored against GPT-4-generation capability.

Human rater basis
50.0%
GPT-4 rater basis
46.2%

β = direct exposure (E1) + 0.5 × exposure when tools are available (E2), per the source repository's definition.

26 rated tasks · 24 tasks with β ≥ 0.5 (92.3%)

Version:
gh-main-0471612
License:
MIT License · Copyright (c) 2024 OpenAI

Data provider: Anthropic Economic Index

Time basis: Published 2026-03-05composite index

Observed exposure
57.2%

Theoretical exposure index weighted by measured Claude usage, per the original report's definition.

11 tasks · usage observed in 7 · mean 60.5%

Data: Anthropic Economic Index — labor_market_impacts, CC-BY, https://huggingface.co/datasets/Anthropic/EconomicIndex

AI Changing Work uses Anthropic Economic Index data under CC-BY; Anthropic does not endorse or sponsor this site or its analyses.

Version:
hf-lmi-2026-03
License:
CC BY 4.0
Observation period:
(not applicable to this release)
Model:
(not stated by the source)

2023 prediction vs observation-based index published 2026-03-05

One card (GPTs are GPTs) is a 2023 estimate of what AI could theoretically do; the other (Anthropic Economic Index) is built from observed usage and was published on 2026-03-05 — that is its publication date, not the period it observed. They measure different things, so the two figures cannot be added, averaged, or ranked against each other. The older figure is kept here as a baseline for comparison rather than removed.

Caution: the Anthropic figures — observed exposure and task penetration — take the Eloundou β as one of their inputs. The two sides resembling each other is therefore not evidence that the earlier prediction came true; reading it that way is circular reasoning.

The Anthropic figures are measured on Claude users, who are not the whole economy and not the whole workforce.

The mapping of O*NET tasks and occupation codes was performed by AI Changing Work. The source figures themselves were not modified.

These indices are not forecasts. Which point in time each one belongs to is stated on the badge on its card.

Task Breakdown

  • Build discounted cash flow and comparable company models
  • Analyze target company financial statements and filings
  • Prepare deal books and management presentations
  • Coordinate due diligence processes across workstreams
  • Negotiate transaction terms and structure deal conditions

About This Occupation

If you work as a Mergers & Acquisitions Analyst, AI is reshaping your profession. With an automation risk of 42/100 and overall exposure at 59%, this role faces high transformation. The highest-impact area is analyze target company financial statements and filings at 74% automation. This is classified as an 'augment' role. BLS projects +7% growth through 2034. AI excels at financial modeling and document analysis, but deal negotiation and relationship management remain firmly human-driven.

ISCO-08 classification

Unit group 2413ILO official

Financial Analysts

Indirect mapping — this occupation is linked to the ISCO unit group by a rule-based fallback.

Definition

ILO original text (English)

Financial analysts conduct quantitative analyses of information affecting investment programmes of public or private institutions.

Definition & vocabulary source

Source: International Labour Organization (ILO) — ISCO-08 Structure

License: ILO CC BY 4.0

View original

Official occupational information

  • ONET13-2041.00

    Credit Analysts

    Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking.

    View original
  • ONET13-2051.00

    Financial and Investment Analysts

    Conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

    View original
  • ONET13-2061.00

    Financial Examiners

    Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.

    View original

Source: O*NET 30.2, U.S. DOL/ETA

License: CC BY 4.0

View original

Frequently Asked Questions

The Anthropic Economic Index puts observed exposure at 57.2%. The OpenAI "GPTs are GPTs" rubric puts occupation-level β at 50.0% under human raters. Both figures are reproduced from published research without modification.

They come from two published datasets: the Anthropic Economic Index (labor_market_impacts, CC BY 4.0) and the OpenAI "GPTs are GPTs" exposure rubric (MIT License, Copyright (c) 2024 OpenAI). AI Changing Work maps them onto O*NET occupation and task codes and does not calculate exposure scores of its own. AI Changing Work uses Anthropic Economic Index data under CC-BY; Anthropic does not endorse or sponsor this site or its analyses.

No. They are a diagnosis of exposure as measured at the time each source dataset was published. AI Changing Work publishes no prediction of future automation or job displacement for this occupation.