My undergraduate major is finance. From the perspective of curriculum, we have all studied the basis of western economics, monetary banking, commercial banking, commercial bank accounting and so on. These courses are not bad, but the problems are: first, the teaching is too simple and superficial; Second, it is seriously behind the demand for talents in the financial market.
Investment banking business (excluding trading business) is roughly divided into IPO, listed company business and fixed income business. Practically speaking, these businesses need financial knowledge, legal knowledge, proficiency in exchange-related policies, and even writing skills and knowledge of science and engineering of various entities. But the knowledge of western economics and commercial banking that only needs undergraduate education is not needed.
At the undergraduate level, students have limited knowledge of majors. Often don't know the point. When I just graduated from college, I didn't even know the names and simple comparison of the three statements. It is because the finance courses in universities are basically mixed. Most teachers don't talk about or tell students the importance of these basic skills (teachers themselves may not understand them because they are divorced from production). Turns out I'm not the only one. When I participated in the JA project, I went to communicate with my classmates from the University of International Business and Economics, Shoujing Economic and Trade, and Cai Zhong, and found that this was a * * * problem. So the result is that recent graduates majoring in finance are generally not as good as students majoring in finance and law. They know nothing about many basic job skills.
Therefore, for students who plan to work first after graduation, the best way to enter the investment bank is to pass several exams at the undergraduate level. Do more research within your ability. Will significantly improve competitiveness.
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I didn't know I couldn't take the exam until everyone reminded me. I'm sorry because I really haven't paid attention to the exam qualification for a long time. When we were undergraduates more than ten years ago, there were really fierce people in the accounting department who were bored reviewing exams in the library.
But my original intention is actually to talk about skills. Graduates majoring in finance have obvious shortcomings in practical skills. Subjects such as finance and management are large and complex, and the theory is stronger than the practice, so there will be such problems. In the final analysis, it is related to the establishment of undergraduate departments in colleges and universities.
Therefore, even if undergraduates can't do textual research, siblings majoring in finance should study and supplement some note-taking courses to prepare for employment after graduation. Because in addition to personal banking, quantitative trading, futures brokerage and other positions, trust, asset management, funds, pe and other financial institutions have requirements for financial and legal skills.
There are only a few financial courses in the school, which can't make fresh graduates have the skills to get started in investment banking.