This article is from the public number: Fudan Financial Review (ID: FFReview) , Photo by Austin Distel on Unsplash
We never doubt the power of the financial circle, and are you the right person? When finance meets new technology, does your “system” upgrade?
The intelligent revolution has overturned the global labor market, and the remodeling of millions of practitioners and enterprises has come alive. Faced with many uncertainties in the future, how should financial talents meet the challenges?
The champion loves management?
In people’s minds, economy and finance have always been high-paying endorsements. The college entrance examination champion also prefers “management.” But how much do young students know about economics and finance before graduating from high school, undergraduate, or even officially entering the workplace? Is professionalism directly proportional to their salary? Does learning finance match your interests and strengths?
In the past 10 years, the degree of thermal fluctuations in the majors of economics and finance have not been small, and they have shown a reverse trend. In the years when the majors of economics are more popular, the popularity of finance is Lower, and vice versa. At the professional design level, economics majors are more inclined to cultivate research-oriented talents, focusing on the construction and verification of macro theory, while finance is more inclined to cultivate practical talents, focusing on decision-making optimization at the individual or enterprise level. [1] .
Employment or Further Education?
Take undergraduate graduates from Fudan University of Economics as an example, Employment ratio is 23.79%, domestic admission ratio is 37.10%, and overseas departure ratio is 36.69% [2] . Among them, the rate of going abroad and enrolling graduates in finance majors is relatively high, especially in the past two years.More than 0% of graduates choose to pursue graduate studies, indicating that the vast majority of graduates choose to continue their studies to improve themselves. The gathering places for overseas studies are mainly the United States, Hong Kong, and Singapore. Most of the graduates who have progressed in China continue to pursue master’s or doctoral degrees in this field.
In terms of undergraduate career selection, The proportion of undergraduate graduates working in the financial industry after 2013 has been basically stable at about 12% to 13% , indicating that there are regular graduates who come to banks and other financial institutions In the industry, in contrast, professional marketing agencies in the market (including consulting companies, accounting firms, talent exchange service centers, foreign service companies, etc.) The proportion of undergraduate graduates working over a period of time fluctuates greatly. In some years, the proportion is single digits, and in some years, the proportion reaches more than 20%.
What’s the difference in the direction of a blog?
From the perspective of graduate employment, more than half are employed in the financial industry. The employment intention of graduate students is more biased towards the financial industry. Comparatively, the vast majority of doctoral students choose to engage in research work in financial institutions and universities [3] .
In the past five years, the number of graduates of economics academic masters in the traditional sense has been surpassed by professional masters. The number of graduates of the master’s degree in economics has continued to increase, and the professional distribution has become wider, meeting the specific requirements of the market for professional talents. Including Master of Finance, Master of Insurance, Master of Taxation, Master of International Business, Master of Asset Appraisal, etc.
“Education-Industry” Matrix
Financial Heights Shanghai, Finance83.44% of the practitioners have a bachelor degree or above. Among them, 58.25% have a bachelor’s degree, 24.35% have a master’s degree, and 0.84% have a doctoral degree. College education accounted for 12.20%, and technical secondary school, high school and below accounted for 4.36%. 8.71% of the total have overseas education, most of which are overseas masters, accounting for 83.67% [4] .
In terms of financial categories, Shanghai financial practitioners with a bachelor’s degree have the largest proportion of sub-sectors engaged in. They are commercial factoring companies. / span>. Practitioners with master’s and doctoral degrees, the largest segment is the international financial organization, accounting for 73.53%. The junior college, secondary school, high school and below education is mainly concentrated in pawn shops, small loan companies, and third-party payment institutions [5] .
You won when you are young?
As of 2017, the overall age of employees in the financial industry in Shanghai is relatively young, accounting for 34.84% of the total under 30 years old, and 42.39% of those between 30 and 39 years old. ] .
Among them, the five areas with the most concentrated distribution of practitioners under the age of 30 and between the ages of 30 and 39: banking, insurance, securities, financial leasing, and public funds.
“Chameleon” illustrations
Talent is like living water. The industry needs to promote external mobility to diversify the background skills of talents. It must also accept internal mobility and support the optimization of healthy competition among enterprises, and ultimately achieve a balanced talent in the industry.
In the coming decades, the financial workplace will further adapt to the trend of digitalization and intelligent extension. Emphasis on efficiency, connectivity and diversity. The new technology will cause more jobs to gradually disappear and be replaced by jobs with more demanding skills.
The flow of talents in China’s financial industry has continued to increase, showing greater inter-bank liquidity. The volume of transfer-out and transfer-in ranks in the top three and top five, respectively, and the intra-industry mobile volume ranks third after the Internet and the automotive industry.
From the perspective of the demand index, investment banks in the financial industry rank high, and the corresponding talent attraction index is also high, followed by accounting and financial services.