The concept of financial industry is too broad, so it is better to consider it separately.
The self-contained banking business needs to be singled out separately, so I won't say it here.
When looking for a job, the non-bank business department should first consider whether to be first-class or second-class. The hard skills required by the two are very different and generally do not cross. If fewer people do first-class jobs, they will switch to second-class jobs, and vice versa. Then consider whether to be a buyer or a seller. There is a division of labor between the two. Although there are some obstacles, they can generally be crossed. Buying and selling rounds are more common than one or two rounds.
If the definition is not strict, the buyer can dispose of the funds, and the seller does not. The first level is directly related to the subject of stock debt (the real debt of stock), and the second level is the securities themselves. Primary buyers are mainly venture capital private equity funds, and primary sellers are mainly investment banks. Secondary buyers are mainly asset management (managing money on behalf of customers, so primary buyers are also asset management) and self-management (entertaining themselves and paying for themselves), while secondary sellers are mainly independent consulting and research institutions of the Securities and Futures Research Institute.
If I don't do level one, I won't teach fish to swim. I'll say level two.
Asset management mainly includes fund companies, insurance asset management, trusts, bank subsidiaries, securities asset management, futures asset management and private investment funds. The division of labor includes sales channels (responsible for finding money, similar to the "begging" job mentioned in your question, but it may be different from what your parents imagined. If you don't need to consider changing money, such as insurance asset management, you don't have to sell channels. Suitable for extroverts who are good at serious nonsense and can go out), products (designing products that sell well according to market demand and their own advantages, and the workload is huge, and there are many things to worry about. People from almost all walks of life will look for a product manager first when they have something to do, which is suitable for people who are patient and have an efficient way to worry about their lives), research (macro research, strategic research, industry research, quantitative research, people who are rigorous and curious and like to delve into what those 100,000 people are), investment (according to a top-down and bottom-up research conclusion, choose a heavy buyer at the bottom, which is suitable for gambling), and trading. Suitable for robots like Uncle Wu Zhu, paying attention to inter-bank traders is another matter), risk control (you can get a general understanding of the content of FRM, which is basically not used in actual operation, and you can lighten your position online. Research-oriented people are basically ok), valuation and liquidation (fund accounting, suitable for people who like to do accounting), operation (dealing with all kinds of information and processes, repetitive and cumbersome, suitable for people who like this kind of work), legal affairs (suitable for people with CBRC and CSRC), technology (coding farmers, do not need to understand finance, understand better) and so on.
Compared with asset management, self-management saves external links such as selling products and legal affairs. To run your own business, you need to choose to do FICC or stock (stock). Generally, it has been done, and it won't turn.
Regarding the salary structure, the nature of different enterprises, businesses and positions is different. For example, investment work can be a dead salary (relatively fixed)+bonus (relatively fixed is different from carry), or a dead salary +carry (earn more, similar to the sales department). There are many state-owned enterprises in large institutions, and there are more private enterprises in small institutions than state-owned enterprises in large institutions. The essence is that the former is conducive to fishing and hitchhiking, while the latter is conducive to the realization of self-strength (luck is all strength, why do you say that later).
Secondary sellers are also an industrial chain, and seller research is a link in the industrial chain. The main income of this industrial chain comes from trading commission, that is, franchise license business. Any buyer must trade through the seller's channel, and the channel is the same. There are so many sellers, and who the buyer chooses depends on the seller's sales ability, not limited to the research level. Big buyers include Niu Sanhe and buyers' organizations. Personal service personnel mainly provide services, including food, clothing, housing and transportation 36 1 degree all-round physical and psychological aspects. The seller's researchers and analysts are actors who are responsible for calling grandpa to play. If there were no analysts, the industry would be too obvious. Only with analysts can the industry achieve the goal of paying equal attention to both lining and prestige (please refer to the "This is Vanity Fair" incident). Of course, if you simply want to do research, regardless of the mess, seller research is a good starting point for learning. When you gain new wealth, you can keep a high salary for two years, but the "Rabbit King" incident the year before last affected this business model, and it may not be like this when you graduate.
There is also a kind of seller that has emerged in recent two years, that is, OTC options and long-term structured products and services, as well as overseas income swaps. Most technical jobs and licenses are scarce. At present, the team under the "big platform" is doing the best. Although it is a dead salary, it is very helpful to improve the soft benefits such as professional quality, professional interpersonal development and professional information acquisition.
No matter what kind of division, the evaluation of work quality should be combined with talents from heaven and earth, based on the industry platform team, and considered by luck. The weather, such as 20 14, self-operated galaxy company and 20 17 are worlds apart. Geographical location, such as being a FoF product manager in Beijing, you can transfer to two companies at most a day and commute for two hours in five minutes. The most commonly used means of transportation in Shanghai is the elevator; Harmony depends on what kind of job suits your talent. Industry, not only refers to the bank insurance brokerage fund you enter, but also includes your research investment.
The object of capital or your customer's industry; The platform is what company you are in and what resources you have access to. Of course, you should know that the resources you are exposed to are not equal to your own resources. Imagine what you were following when you left the platform. Team, almost all the factors directly related to you are at this level, and the key points are carefully examined and considered. Under the above three scales, we can discuss it from heaven, earth and people.
I'm glad to answer your question. There are many jobs in the financial industry, such as investment banker, securities trader, CEO, chairman, partner, responsible person, investment director, chief financial officer, accountant, auditor, market, investment company manager, securities analyst, fixed income analyst and so on.
But everyone's situation is different. Take CFA practitioners' investment analysts as an example to share with you the career development path of financiers.
I. Analysts
Analysts usually plan for the first year or two, and fresh graduates usually start from this time. Because he is called an analyst, his work includes not only data analysis, industry research and so on. , including mergermodel, DCF, LBO and so on. , while others are submitted to employees for processing.
Second, the deputy manager
The position of deputy manager is one level higher than that of analyst, and he has been promoted from analyst to high flyers or CFA holder of various financial majors. As a small leader of analysts, assistant managers still need to deal with analysis, but this is a technical task responsible for more complex modeling. The deputy manager is also mainly responsible for assigning tasks, managing work and communicating with customers according to the schedule of the company or superiors.
Three. Vice president (vice president or manager)
If you successfully enter the VP stage, congratulations on your sublimation. VP refers to all senior secondary figures, who guide deputy managers and analysts and are exposed to some external environment at the same time. Many things that CEO can't do are handed over to VP.
Four. general manager
Look at the size of the investment bank, whether there is a general manager or not. Mainly responsible for cost negotiation, trading strategy, customer meetings and other important matters. And it is marketing to attract customers. The job characteristics of MD are similar to theirs, but the focus is on important customers.
V. Wise General Manager
The general manager will be promoted to general manager in about three years. MD level is responsible for important transaction management, high business income indicators and important customers, and participates in formulating the overall strategy and business direction of the company.
MD will rise again and become the manager or CEO of each branch. If there is no qualification certificate like CFA at this time, it is not appropriate.
The above are some changes and contents of financial work that I have analyzed for you.
Financial industry refers to a special industry engaged in financial commodity trading, including banking, insurance, trust, securities and leasing, and also includes many jobs.