I started to set foot in the financial industry and worked as an intern in several different financial fields. In some departments, most colleagues are transferred from all walks of life. So let's talk about our feelings and experiences, hoping to help.

This is what I observed from the perspective of almost a student who is the same as the subject. It's true observation and feeling, but it's superficial and biased. Please correct me.

the financial industry has improved.

according to my work and peacetime understanding, there are too many financial institutions now.

One or two hundred business cards the boss got back from a business trip were all fund companies, wealth management companies and investment companies. These are all financial institutions (mostly in Hong Kong). Plus various insurance companies, private equity funds, and finding a position casually are all transferred to finance! In particular, the bottom-level sales financial consultants are a large number of recruits.

some thresholds are not high. I will say that the investment bank that came to Beijing for an interview last time was stopped by a small manager of an investment company in the lobby on the first floor of the International Trade Center. I heard that I had to visit and get to know their company if I wanted to apply (⊙ _ ⊙)?

If your goal is to "transfer to the financial industry", you have already succeeded here!

IT's easy to go to the IT department of a bank for a science and engineering undergraduate, but the essence of work is IT, maintaining computer systems and so on, not the financial core department.

but if you really want to enter this field, or a big company or a good department in this field, it will take some effort.

For the time being, big companies here are divided into commercial banks and investment banks. What I said is the most general explanation and the simplest classification. Just have a reference value, so don't be too serious! Thank you here.

investment banks

investment banks are tall and make money, right? So now all kinds of talents want to come! There are so many talents that they don't want everyone, so they have to choose the best.

1. Get a degree. It is best for graduate students to major in finance.

Actually, a famous university specializing in science and engineering is ok, but if you want to learn financial knowledge by yourself, you can take relevant exams such as CFA and find some corresponding internships.

Many of the investment banking research departments I have worked as interns are from science and engineering background of Peking University in Tsinghua, China, and then I went to the United States to study in a prestigious financial-related school or a science and engineering major to learn many finance courses myself, and then I found some financial internships. I don't know why there are so many people like me in electronic engineering. )

So undergraduate is not finance, then graduate. Not necessarily in China, it is much easier for undergraduate non-financial graduate students to apply for a foreign school than to take the postgraduate entrance examination in China. To enter a big investment bank, please take an examination of famous universities in China or apply for prestigious universities in Europe and America.

A few years ago, ordinary universities (not TOP5, but also good ones) had the opportunity to come in if individuals worked hard, but the competition has become more and more fierce in the past two years. I heard that in some places, HR should not only look at graduate students as good schools, but also be famous universities or even high schools. Good domestic schools or famous foreign schools have opportunities. At present, so many people in famous schools are still desperately looking for jobs. If you don't go to a famous school, it will be too difficult, unless it matters.

Many undergraduate science and engineering students will study financial engineering when they switch to finance, so it is more suitable to be a quantitative finance, that is, a miner, and serve financial products by means of mathematics, statistics and computers, such as valuation, pricing, strategy research or trade.

But there are not many employment opportunities in this field now. A friend of mine graduated from the University of Chicago with a degree in mathematics and finance as a graduate student in science and physics, and wanted to be a quant, but he hasn't found a job for more than half a year. Compared with other financial positions, there are too few recruitment positions, and all they want are real technical talents.

But there are also many people who have majored in metalworking and don't want or choose the quantitative path, such as me. As long as you enter the threshold of finance, there are still many job choices. Basically, everyone can do it except the finance department. The finance department is accounting, and it should not be the department we want to do when we transfer to finance.

The industry research department is also a department with less financial background and more financial people. Because my professional background will be of great help to the research of the corresponding industry.

For example, if you study the electronics industry or the high-tech industry, you should generally understand the science and technology in the industry. At this time, if you have the corresponding academic background, it will be very advantageous. This knowledge of science and engineering may be difficult for people with pure financial background to understand.

investment bank sales, a department for investors, is also a good choice. The scope of recruitment will be relatively wide. But after all, it is a professional sales and the opponents are professional investors, so the corresponding financial quality must also be excellent. Always keep abreast of the economic development. This is also what I want to do!

2. It is also the path that many people choose to work in an enterprise and then go to the financial industry to do the research in the previous industry after studying MBA.

before this time, knowing the company and its industry is an advantage.

This is not what our students are considering at present, so I won't say much.

3. Internship experience is very valuable.

It's also a good choice to stay if you can do an internship in a finance-related field and do well.

Some of my classmates went to the research department of investment banking or one internship in finance in this way to keep learning knowledge. If you have experience, you will have a chance to find a full-time job.

but it was hard to find this kind of internship on your own at the beginning. Employers will still favor people with knowledge, background or experience. Resume clearance is more sad. Besides, it's easy to get confused in an interview.

at this time, it is more important to accumulate financial knowledge by yourself. If you have a CFA level, you can at least prove that you have some relevant knowledge. Then the interview will depend on your own accumulation.

commercial banks

China's commercial banks are all engaged in traditional business, regardless of the former state-owned banks or emerging joint-stock banks. Traditional business refers to making money by absorbing the interest rate difference between deposits and loans, which can be targeted at enterprises and individuals. It's that simple.

the most innovative thing now is probably to launch a wealth management product portfolio for people to buy. However, there are still shadow banking problems in this innovation, which may need to be supervised later.

Although the profit-making method is so simple, there are many parts, but most of them don't need much professional knowledge.

according to my observation, especially in second-tier city branches, the daily work involves only a small part of financial knowledge. There may be only the Risk Management Department, which is responsible for reviewing the repayment ability of enterprises. It depends on many enterprise statements, and some financial knowledge is needed for comparison.

so it is very important to have a relationship at this time!

Many of my classmates who have stayed in their original cities have gone this way regardless of their major. Be a small clerk in a branch, and then move up slowly. By the way, if you like sales, you can consider the account manager! I think I can do any background, because I hardly need to get financial expertise.

If you have the resources to get deposits and find a company to lend money, it will be invincible.