In recent years, with the opening of China's financial industry and the reform of domestic financial mechanism, the demand for financial talents has also increased rapidly, and the salary has also risen. According to statistics, the monthly salary of financial talents ranges from 8000 yuan to 50000 yuan. If you can enter a multinational investment bank or a multinational consulting company, your annual salary will be around 350,000. So what are the jobs in finance? What is the career development of each position?
1. What is finance?
0 1 What is finance?
The major of finance is separated from economics, and takes the economic activities of money and monetary funds as the research object. Specifically study the theory and practice of banks, securities, insurance and other non-bank financial institutions, the theory and practice of money market, capital market and international financial market, the theory and practice of financial macro-control and the whole financial economy, and the theory and practice of financial management, especially financial risk management.
02 financial employment advantages
The employment prospect is very broad, and the employment direction includes: hot jobs in commercial banks, investment banks, consulting companies, fund companies, securities companies and other industries.
High salary: In the horizontal comparison of salaries in various industries, the average salary and welfare in the financial industry is the highest. The monthly salary of financial professionals ranges from 8,000 yuan to 50,000 yuan. If you can enter a multinational investment bank or a multinational consulting company, the annual salary is mostly around 350,000.
High social status: Under the atmosphere of the national market economy, practitioners in the financial industry can feel that they are engaged in a "decent" career.
Rapid growth: working in a completely dynamic market environment every day, we must keep learning and making progress.
Rapid promotion: The working environment is relatively open, and talented employees can get rapid promotion.
Generous treatment and holiday benefits
Major employment fields and positions in the financial sector
Whether graduated from undergraduate or master's degree, the employment direction of finance graduates generally includes economic analysis and prediction, foreign trade, marketing and management. If you can get some qualification certificates, you will have a wider range of employment, a higher level of employment and better treatment, such as chartered financial analyst (CFA), chartered wealth manager (CWM), fund manager, securities broker and securities analyst.
The demand for financial master's employment talents is mainly concentrated in high-end markets, such as university teachers, fund companies, investment banks, securities companies, insurance companies, trust and investment companies and so on.
Let's introduce the hot employment fields, jobs and development prospects of finance in detail.
Second, hot areas of financial employment and development planning
Financial talents are widely employed, mainly in investment banks, commercial banks, consulting companies, fund companies, securities companies and so on. Next we will introduce them one by one.
0 1 investment bank
Investment banks have high barriers to entry. In addition to basic professional skills, talent recruitment in this direction also needs high professional skills and cultural dimensions, including communication skills, teamwork, project management and so on. In addition, having an international vision is also one of the qualities they value.
The IBD department of investment bank is the department that most financial graduates want to go to. The most traditional investment banking department only does one thing: help customers raise money. Generally, there are three financing channels: issuing stocks, issuing bonds and mergers and acquisitions. The way for investment banks to make money is to charge a commission to help customers raise funds, which is generally charged by multiplying the financing scale by a percentage.
The promotion route of IBD is usually: 2-3 years as an analyst →2-3 years as an assistant → vice president) → several years → executive director) → several years → managing director.
Generally speaking, many people who have been analysts for three years will choose to study MBA, and most people who jump out of IBD will go to VC/PE.
02 bank
Banks are one of the main choices for graduates majoring in finance, which are mainly stable income, low pressure and high welfare level.
There are two main types of jobs for financial graduates in banks: basic services such as customer service and professional work such as financial research. Graduates should make such basic professional reserves first, and most of them need to accumulate experience in rotation.
Promotion paths are as follows:
For tellers who have worked for 3-5 years, the promotion path usually turns to the positions of account manager and lobby manager. However, it is difficult for the lobby manager to be promoted again, and usually he has to transfer to the account manager. And account managers usually need to have their own core customers.
Under normal circumstances, account managers with stable deposits of more than 50 million yuan and working experience of more than 3 years are included in the reserve talent pool and promoted to business managers one year later; If the deposit reaches 1 100 million yuan, you can be promoted to assistant general manager of the department, and then enter the middle-level cadre sequence, with an annual income of about 600,000 yuan.
Of course, some account managers turned to risk managers and then promoted to credit evaluation, taking the road of "approver", specializing in economy, industry, financial accounting knowledge, laws and regulations and non-performing loans.
Many account managers are also poached by banks, private placements or other partners because they have the ability to deal with people or have certain resources. This kind of situation is actually very common. The key is to have your own bright spot for others to see.
03 Trust and Securities
The threshold of trust and securities is relatively high, and experienced job seekers are generally preferred, but some companies will open a certain number of recruitment places for fresh graduates every year. Trust personnel generally have to start as assistants and then be promoted according to the path of trust manager and senior trust manager before they can reach the level of director and be responsible for business work.
Of course, there are two promotion paths: the front desk and the back desk. The front desk is actually the promotion path for most job seekers who want to engage in brokerage industry: relationship manager, senior account manager, regional manager, marketing director and general manager of sales department.
The background includes investment, customer service, counter, risk control and administration. The general career development paths are salesman, department manager, sales director and general manager.
04 Fund Venture Capital
Relatively speaking, fund venture capital companies pay more attention to comprehensive quality and practical experience, so fewer fresh graduates are recruited.
The fund venture capital industry has a characteristic: it needs a very strong understanding and learning ability of technology, business model and business logic. Therefore, when fund venture capital companies recruit fresh graduates, most of them hope that job seekers have a background in science and engineering during their undergraduate years. Because this industry requires high comprehensive quality and it takes too much time to train a college graduate, they usually only recruit a few fresh graduates every year, and their work development path is the same as that of investment banks.
In the fund circle, the most mainstream ways to promote the top management of PE/VC funds in the primary market are: analyst, investment manager/assistant, vice president, director, managing director, partner and managing partner.
05 insurance industry
After finance graduates gradually cultivate insurance marketing and risk management experience in the insurance industry, there is still a lot of room for career development. Although the salary return of the insurance industry may not be as high as that of investment banks, it is relatively stable and has great room for development. It is also an excellent choice for girls who need to take on more family responsibilities. Therefore, friends who want to get a steady return may wish to consider the insurance industry as an option.
Representative enterprises: AXA (France), Allianz (Germany), INGGroup, American International Group (AIG), AssicurazioniGenerali, etc.
06 consulting industry
Consulting industry mainly refers to IT consulting, strategic consulting, marketing consulting, auditing, listing counseling, etc. Large multinational consulting companies include: Bi Bo, Accenture, McKinsey, Boston, Bain, Capgemini, roland berger, Kearney, Moritt, Deloitte, Bosch, PricewaterhouseCoopers, etc. Well-known local consulting companies include Hejun Consulting, Xinhua Letter, Zhuo Yuan, Hampton, Huaxia Cornerstone, etc.
07 regulatory agencies
Working in the regulatory department is also very suitable for graduate students in finance. First of all, finance is based on macroeconomics and macro-control of financial markets, and its professional application is relatively easy to start with, and its policy grasp is relatively in place; Secondly, working in the industry management department for three to five years can at least get a position above the middle level. Its limitation is that it is difficult to enter the competent departments of these industries, which may depend on the background. It's hard for undergraduates to get in unless they are really good.
Representative industry: relevant government departments.
Third, the analysis of hot financial jobs
0 1 bank customer service
For graduates, the basic services of banks are still the main direction, and the number of recruits is more than 10,000 every year. The work content is mainly personal business and company business, and the work intensity is relatively high.
This position has a low threshold, and most of them only need to graduate from undergraduate courses. At the same time, the incremental demand of first-tier cities is reduced, and more demand is distributed in small and medium-sized cities.
Customer manager
Securities, banks, trusts and other institutions have a great demand for financial talents, and the corresponding positions are brokerage, account manager and trust manager. This kind of position requires the ability to maintain customer relations and establish customer resources, and requires high communication and customer management skills, and has the pressure of performance appraisal.
03 securities broker
The recruitment demand of the securities industry is related to the heat of the investment market. When the stock market is good, the demand for securities recruitment will be more active.
Securities broker is also a marketing position, whose main job is customer development and service, and the promotion of securities investment and wealth management products and businesses, with a commission ratio.
This position will give priority to those who have obtained the professional qualification or special qualification of securities brokers.
04 Securities Analyst/Financial Researcher
The main job of this position is to analyze the securities market, securities value and changing trend, and issue research reports to investors or institutions.
This kind of post requires master students to systematically study securities analysis, finance and other knowledge, preferably to understand accounting and auditing knowledge, and to have good customer communication and professional writing skills.
05 investment bank salesman
Investment banks have high barriers to entry. In addition to basic professional skills, talent recruitment in this direction also needs high professional skills and cultural dimensions, including communication skills, teamwork, project management and so on. In addition, having an international vision is also one of the qualities they value.
06 company management position
Most students have participated in some social practice and gained some work experience during their master's degree in finance, so when they formally enter the society, they can also get some management positions, such as production management, administrative management, personnel management and financial management. On behalf of the enterprise: all walks of life can.
Above, I hope to help everyone!