OpenAI is hiring an investment banker for its Applied AI team in San Francisco, seeking someone with two or more years of investment experience to serve as a "subject matter expert." The role involves bringing deep knowledge of investment banking work, including company and industry research, financial analysis and modeling, valuation, diligence, transaction execution, and client materials. Base pay starts at $185,000 a year and can go up to $205,000 with equity offers on top. OpenAI announced last month that it had privately taken the first step toward a long-expected IPO. The job will "define the quality bar for AI-assisted investment banking work" and involves working with product teams to identify high-value opportunities for AI in investment banking. OpenAI is looking for someone with "live transaction execution and the production of high-quality analyses, financial models, and client materials." The job search underscores fierce competition among AI companies for the enterprise market. In May, Anthropic announced 10 new agents to streamline Wall Street-type gruntwork. When OpenAI released GPT-5.5 in April, the company highlighted the AI model's knowledge work capabilities. OpenAI is ready to release GPT-5.6 widely, but has paused those plans at the Trump administration's behest.