The results of the 2021 postgraduate entrance examination are expected to be released in mid-to-late February. Students taking the 22 postgraduate entrance examination must not only review basic subjects, but also pay attention to various changes this year and understand the basic knowledge of the majors they apply for. Then adjust the review. Today, the editor of the postgraduate entrance examination for Master of Finance has compiled the relevant content of "2022 Postgraduate Entrance Examination for Master of Finance | Postgraduate Entrance Examination Guide: Requirements for the Postgraduate Entrance Examination in Finance". Please refer to it together, hoping to provide reference for candidates preparing for the 2022 postgraduate entrance examination~
No.1 School is sometimes more important than ability
When it comes to employment in the financial field, school factors are sometimes even greater than ability. On the one hand, a master's degree in finance is different from an undergraduate degree. In addition to knowledge, concepts are more important in learning - the teaching content is similar in each school, but the excellent teacher resources of famous schools can bring newer information and more cutting-edge conceptual information. On the other hand, the financial industry is very particular about circle culture. A university may dominate a certain region or have an advantage in a certain field, which has a profound impact on students' employment.
If you are determined to do academic research, then you must aim for the combined master's and doctoral programs of Qingbei University and other prestigious universities (but mainly recommended), and if you have the opportunity, you must study abroad for a few years; if you just want to get it As a stepping stone for your future employment, you must first consider the area of ??future employment and your own strength before choosing the corresponding school; if you are strong enough, then aim at Beiqing Fujiao Finance, Central Finance and other prestigious schools that can radiate across the country; if To be on the safe side, the target range is “985” or “211” in the province or city where the employment destination is located.
No. 2 universities each have their own unique tools
Due to their own positioning and historical reasons, different universities have different employment paths. Take the Fourth School of Peking University and the Second School of Tsinghua University as examples: if you are devoted to academics, then CCER is your first choice; if you want to work with foreign capital, Guanghua or Tsinghua SEM will have more advantages; Wudaokou has strong alumni in state-owned enterprises and the First Bank of China and Three Associations. We also have strong connections in investment banks, commercial banks, and funds; HSBC is like a duck in water in Shenzhen. Another example is the curriculum. Peking University School of Economics focuses on the analysis of economic theory and the study of economic models, while Guanghua pays more attention to business research; Daokou focuses on macro and policy, economics and management focuses on micro and application, and so on.
No. 3 new direction comes with great bargains
Every year, finance master’s degree programs in prestigious schools often offer new majors or directions—if you have a unique vision when applying, you can sometimes pick them up. Big bargains. For example, Fudan School of Economics’ master’s degree in finance scores very high in the initial examination each year (although the standards for Shanghai public courses are slightly wider than those in Beijing) and the re-examination is so brutal that it can be described as inhumane, but its School of Management also has a new There are master's degrees in financial engineering, master's degrees in financial management, etc. When they were first launched, you would be shocked by the low admission scores and generous student benefits (but as the number of applicants increased, the competition became fierce).
No. 4 science and engineering subjects actually have more advantages
Finance is essentially an engineering subject, while economics is essentially a science subject. Because at the master's and doctoral levels, studying finance will involve a lot of measurement and mathematical derivation. If it is financial engineering, it is almost all mathematical derivation plus financial modeling plus computer programming. If you are determined to pursue academic research, it will be even more difficult without a strong foundation in mathematics and physics: Among the winners of the 2013 Nobel Prize in Economics, Peter Hansen’s undergraduate major was mathematics, and Robert Shiller’s undergraduate major was physics.
In fact, major securities companies also like masters of economics and management with science and engineering backgrounds - there are greater opportunities for undergraduates majoring in mathematics, statistics, computers, and physics. Of course, for some specific fields (such as the pharmaceutical industry, For industry researchers in the chemical industry, military industry, etc.), there are no restrictions on their majors! Taking Wudaokou as an example, half of the 40 people recommended in 2013 had majors that had nothing to do with the economy. Teachers also often mention that those who studied mathematics, physics, and computer science as undergraduates have an advantage at the master's level because their mathematics and computer skills are strong enough, and they can quickly make up for their financial knowledge.
The No. 5 two reference books you must read for the postgraduate entrance examination in finance
Although the joint financial examination has been cancelled, the famous "Financial Joint Entrance Examination White Paper" ("Financial Joint Entrance Examination White Paper") "Basic Learning Counseling", edited by Jincheng Education) Yu Wei is still there. At present, this book can still be regarded as the "Sunflower Collection" for those taking postgraduate entrance examinations in finance. It covers microeconomics, macroeconomics, currency and banking, international finance, and investment. The only pity is that due to historical limitations, it does not have corporate finance content. With it in hand, it is enough to cope with the preliminary examinations of many schools, especially some colleges and universities that specify Gao Hongye's edition of Western Economics, Huang Da's edition of Finance, and Jiang Boke's edition of International Finance as reference books. Even when applying for the CBRC Civil Service Examination in the future to prepare for the professional course examination, it will still be a weapon to win. However, this book has long been out of print. If you want to buy it, you can only buy it online. The other is "Securities Practitioner Qualification Examination Series Textbook - Basic Knowledge". For those who have no financial foundation, after reading this book, the general financial knowledge infrastructure will be basically established, and general conceptual questions will no longer be solved. I can't help it.
No.6 Be prepared to face endless group assignments and stage presentations at the master's level
As you enter the master's level, you will face overwhelming group cooperation in the study of financial professional courses.
Taking the author's school as an example, 90% of the professional courses include randomly grouped group assignments and collaborative presentations. This is also a feature of the master's degree in financial economics. In short, finance that focuses on application will have requirements for cooperation and stage presentations at the master's level that are beyond your imagination - in fact, this will also be the case in future jobs in the financial industry.
No.7 Don’t trust the difficulty rankings of forum posts
The financial postgraduate entrance examination difficulty rankings published by major forums or institutions or compiled by netizens were once very popular, and many students even used them as their own Guidance on application. Putting aside the subjectivity of the list, in terms of difficulty, each school actually has its own different characteristics, making it difficult to compare. For example, the difficulty of Tsinghua University's Economics and Management lies in the mathematics requirements, and the initial test requires number one; the difficulty of Tsinghua Wudaokou lies in the total score (if you are not sure of scoring 290 points in public courses, you should think twice about applying); the Fourth Hospital of Peking University The difficulty lies in the professional courses; the preliminary test scores of Fudan School of Economics and Management are frighteningly high, and although the scores of the School of Management are low, the all-English interview will make you feel like you have lost a layer of skin; the higher the scholarship, the higher the emphasis on family background, and the interviews and teaching in English. If you don't have confidence in English, it's easy to give up... So instead of getting hung up on the difficulty ranking of each school's postgraduate entrance examination, it's better to have a deeper understanding of whether the school's training direction is consistent with your own plans for the future.
No.8 Don’t just focus on the School of Economics and Management
Offering a master’s degree in finance and economics is by no means just a school of economics or management. For example, the School of Software and Microelectronics at Peking University also has a unique financial information major (half of its annual enrollment is transferred from the four schools of economics at Peking University); the School of Mathematical Sciences at Fudan University has a long-standing reputation in the field of mathematics, but did you know that its finance major The master's program is also booming. In addition, the development of finance in many science and engineering universities is also very strong. For example, Beihang's financial engineering relies on Beihang's strong engineering strength and has developed very quietly in recent years. good. The economic and financial strength of some scientific research institutes also belong to lesser-known outsiders, such as the Graduate School of the Chinese Academy of Sciences, the Graduate School of the Academy of Social Sciences, the Institute of Fiscal Science of the Ministry of Finance, etc., as well as the specialty majors of some less well-known schools. For example, although Beijing Technology and Business University is not an outstanding school, its futures strength is outstanding.
In addition, you must have a broad vision when applying, because in many prestigious schools, the employment levels for a master's degree in economics (except for less popular research directions such as intellectual history) and a master's degree in finance are similar. To squeeze out the one-plank bridge of finance, it is better to choose an economics major from the same school.
No.9 "alumni" are the primary resource for entering the financial market
Since China's financial industry has developed explosively in more than 20 years, coupled with the Since ancient times, we have attached great importance to the friendship between classmates and fellow villagers. The financial industry (especially in securities companies, funds, trusts, etc.) attaches great importance to the concept of circles (mostly linked to universities): in an alumni circle, they will help each other and share resources. We will also actively support young students, so the importance of alumni resources is much higher than what we learned in two or three years of textbooks. It can even be considered to some extent that the purpose of taking the master's degree in finance is to obtain its alumni resources. If you want to find a job in the market rather than in an institution, whether you are willing or not, communication with alumni is a required course for growth, because your internship and even your future job depend on them. A special report once mentioned that China's investment community has gradually formed several major institutions with Peking University, Tsinghua University, National People's Congress, Shanghai Jiao Tong University, Fudan University, PBC, Central Finance, Shanghai Finance, Xicai, Xiamen University, Wuhan University, Beijing Industry and Commerce as the axis. Investment circles. In fact, they each have advantages in different fields. For example, Xiamen University has strong influence in Shenzhen, while in the futures field, Beijing Industrial and Commercial Bank of China makes all the wealthy families bow their heads. In the fund field, Beiqing resumes cross-border cooperation with Wudaokou, and the Central Finance Department makes a splash at the intersection of Bank of China and Sanhui. In Shanghai, The tiger is sitting on the dragon's plate in Fudan.
No. 10 Graduate School in Finance ≠ High Salary
People think of finance and are often associated with the "sure success" of investment banks, and in the impression that investment banks often have broad financial prospects. However, those who can really get the legendary high salaries are mostly international investment banks or consulting companies (such as CICC, Goldman Sachs, Morgan Stanley, etc.). However, the main recruitment targets of large securities firms are masters of Qingbei's resumption of diplomatic relations, such as Shanghai Finance, National People's Congress, There are also some interview opportunities at prestigious schools such as the Central Finance University and the University of Science and Technology, and major securities firms also attach great importance to undergraduate backgrounds, so just a master's degree from a prestigious school is not necessarily enough. Secondly, investment banks are also divided into R&D positions and non-R&D positions. The former is the core driving force for its development, so the salary of R&D positions is high, but the requirements for professional abilities are higher. Banking research positions often require CPA, and investment research positions often require CFA. Sponsors sometimes even require examinations. And when working in an investment bank, your health is very important - it is normal for large domestic securities companies to work 80 hours a week. When it comes to big orders such as the IPO of the Agricultural Bank of China, sleeping 4 hours a day for several months is simply too casual - high salary is not casual Just get it! It may not be that difficult to find a job at domestic first- and second-tier securities firms or fund companies, but the salary will be correspondingly lower.
Banks, insurance, trusts, etc. are also the main employment directions, but their salaries are lower than those in investment banks: although an annual salary of more than 100,000 is normal (of course it is divided into different positions in different banks), but I want to get 60, 700 Ten thousand or even higher unless you are the president.
There are also many finance masters who choose civil servants in one of the three industries. This position is more secure but the salary is lower than the above (the salary of civil servants is really just a living level at the moment).
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