When the CEO of the largest US bank puts a number on it during an earnings call, it stops being speculation.
Key takeaways
- On JPMorgan's 14 July earnings call, CEO Jamie Dimon said AI had already reduced headcount by 30% to 40% in some of the bank's units, with the firm running close to 1,000 AI use cases. Most.
- 94 live listings in this category publish a rate, at a median top-of-range of $110 an hour and a ceiling of $280.
- The work is remote contract work, asynchronous, with no set hours and no guaranteed volume.
- Applications screen on a short skills assessment rather than a resume or interview.
What was reported
The finding
On JPMorgan's 14 July earnings call, CEO Jamie Dimon said AI had already reduced headcount by 30% to 40% in some of the bank's units, with the firm running close to 1,000 AI use cases. Most affected employees were reported to have been offered other roles inside the firm. Coverage also describes Goldman Sachs, JPMorgan, Citi and Barclays cutting junior analyst cohorts, with reductions reportedly reaching as much as two-thirds at some institutions. Dimon also noted the efficiency gains were not translating into dramatically cheaper operations, with competitive pressure passing most benefits to customers.
Dimon said AI had cut headcount by 30% to 40% in some units, with nearly 1,000 use cases running. Two details rarely quoted alongside it: most affected staff were reportedly offered other roles internally, and Dimon said the savings were not producing dramatically cheaper operations because competition passes the benefit to customers.
What the listings pay
The junior end is where it bites hardest. Coverage describes Goldman, JPMorgan, Citi and Barclays all trimming junior analyst classes, with cuts reportedly reaching two-thirds at some firms. That is the traditional training pipeline for the whole industry.
| # | Role | Advertised rate | Platform |
|---|---|---|---|
| 1 | Investment & Finance Expert | $245 to $280 an hour | micro1 |
| 2 | Investment Banking Expert | $150 to $220 an hour | Dorado |
| 3 | Biotech Investment Analyst, Drug Asset & Company Assessment | $120 to $200 an hour | Mercor |
| 4 | AI Finance Domain Expert | $100 to $200 an hour | micro1 |
| 5 | Compensation & Equity Expert (Total Rewards) | $50 to $200 an hour | Mercor |
| 6 | Financial Analyst Talent Network | $60 to $180 an hour | Mercor |
| 7 | Investment Bankers | $175 to $175 an hour | Handshake AI |
| 8 | Physics Expert (Condensed Matter / Quantum Information) | $100 to $170 an hour | micro1 |
| 9 | Revenue-cycle Executive (VP/Sr. Director Revenue Cycle, or RCM-focused Finance Leader) | $162 to $162 an hour | Elion Health |
| 10 | Finance / Business Ops Experts | $80 to $160 an hour | Mercor |
Source: 94 live listings on this board that publish a rate, read directly from each posting on 2026-09-06. Listings without a published rate are excluded rather than estimated.
How this compares across the board
A rate only means something next to the alternatives. This is every category we track with at least five listings publishing a rate, ranked by median top-of-range, so you can see where this work sits rather than taking a single number on trust.
| Category | Listings | Median low | Median top | Highest |
|---|---|---|---|---|
| Legal | 95 | $100 | $140 | $400 |
| Medical | 68 | $77 | $120 | $400 |
| Consulting | 45 | $80 | $120 | $280 |
| Finance | 94 | $80 | $110 | $280 |
| Engineering | 114 | $70 | $100 | $300 |
| Research/PhD | 132 | $70 | $90 | $280 |
| Writing | 36 | $40 | $80 | $280 |
| Bilingual | 78 | $44 | $52 | $120 |
| Annotation | 25 | $12 | $24 | $120 |
Same source and date as above. Categories are matched on listing title, so a role can appear in more than one.
What it means for you
Meanwhile the same expertise is being bought by the hour. Across 94 live finance listings on our board that publish a rate, the median top-of-range is $110 an hour, reaching $280. One warning specific to this sector: banks have among the strictest outside-activity policies anywhere, so get written compliance clearance first. See sell-side finance training roles.
Who should apply
Two checks before you spend time on an application. Confirm the role accepts applicants from your country with the eligibility checker, since a meaningful share of listings carry location requirements. Then run the advertised rate through the take-home calculator, because this is contract work and the headline figure is before self-employment tax.
Applications complete on the hiring platform and usually take a few minutes, with a short skills assessment in place of an interview. Fill in every credential, language and professional background field on your profile. Those are what route you to the better paid listings, and most applicants leave them blank.
Frequently asked questions
What exactly did Dimon say?
On the 14 July earnings call he said AI had already reduced headcount by 30% to 40% in some JPMorgan units, with the bank running close to 1,000 AI use cases.
Were those people laid off?
Reporting indicates most affected employees were offered other roles inside the firm rather than being cut outright.
Is this hitting junior analysts specifically?
Coverage describes Goldman, JPMorgan, Citi and Barclays reducing junior analyst cohorts, with reductions reportedly reaching as much as two-thirds at some institutions.
What does finance AI training pay?
Across 94 live finance listings publishing a rate, the median top-of-range is $110 an hour, reaching $280.
Do I need compliance approval to take this work?
If you work in financial services, almost certainly. Outside-business-activity policies usually apply whether or not clients are involved. Get it in writing before starting.
Sources
See every live role
The full board updates several times a week, with the advertised rate on each listing and closed roles removed.