According to the data of the National Bureau of Statistics, whether it is urban units, state-owned units, collective units, other units or private units, the salary level of employees in the financial industry is indeed in the forefront of industry classification.
As far as the average wage of employees in urban units is concerned, the financial industry has always belonged to TOP 3, even in the leading position in 20 14-20 15. With the rapid development of the Internet industry, the average salary of personnel in information transmission, computing and services, and software industries has also risen. In recent years, it has grown at an average speed of 10.0 1%, becoming a leader in the industry.
Judging from the job content, there are several typical "jobs" in the financial industry.
The first is sales, such as investment banking, loans and sales of financial products. People's inherent thinking is that sales can only be done well by solid contacts, superb interpersonal skills and oral expression skills.
But in recent years, on the basis of these soft skills, the sales in the financial industry also put forward higher requirements for professional level, such as the nature of products, asset allocation, risk management awareness and so on.
The second is to study pricing, such as industry researchers, CMD or ECM personnel. Such employees not only have a solid professional foundation, careful logical thinking and analytical framework, but also require the ability to introduce themselves to the outside world.
We should not only track and analyze the market, design the distribution scheme and price the products, but also have the ability to organize underwriting syndicate, roadshow promotion, product sales, sales risk control, customer relationship maintenance and coordinate financial public relations. "Good professionalism+good eloquence" can basically be like a duck to water if you add good appearance conditions.
The third is the middle and back office, such as risk control, compliance, law, finance and so on. Professional knowledge such as risk management, legal knowledge and financial foundation is essential. In recent years, with the continuous integration of technology and finance, innovative departments such as the Ministry of Finance and Technology and related enterprises have flocked to appear, and the demand for "financial +IT" compound talents is extremely strong, which has also prompted the employees to continuously upgrade and transform, conforming to the trend of overall industry progress and development.
Two or three things that finance majors should know:
General employment industry content
"two finances and one trade" has always been a school with good employment rate in China's financial and economic colleges. Through their graduate employment market analysis report, we can see that banking and accounting are still industries that more students enter.
The influence of educational background on employment contract
In the employment signing part of the 20 19 report on the employment quality of graduates from Central University of Finance and Economics, 473 of the 2,439 undergraduate graduates signed contracts, accounting for19.39%; The signing rate of master graduates is 66.52%. Compared with undergraduate graduates, the employment situation is better, and of course doctoral students are better.
However, it is understandable that the signing rate of undergraduate graduates is low. Most undergraduates will take postgraduate entrance examination as their first choice, followed by going abroad and waiting for employment.
Salary level
According to the survey, the average expected starting salary of 20 19 graduates is 9573.74 yuan/month, and they actually get 8862.6438+04 yuan/month. In the field of financial industry segmentation, the actual salary of the securities industry ranks among the best.
After reading the above, then, as students majoring in finance, how should we make good use of the abundant and precious time in the university?
Reserve professional knowledge
First of all, I urge all students in school to cherish the precious and free university study time and study professional courses well, because if you want to continue to improve after employment (or even make up for the professional vacancies during college), you will experience a hard life of "work-study program".
If you form a family, it will be more difficult to reserve discretionary study time, and it may become an extravagant hope to ensure the charging time of 1 hour every day.
There is a joke that says:
"The first 16 weeks of college are as comfortable as soaking your feet in warm water, and you should drink this basin of foot washing water in the last two weeks."
I hope you really don't.
In addition to the on-campus courses, in order to enrich and supplement, you should also learn knowledge from various channels outside the school. For example, online learning platforms such as massive open online courses, or participate in some research training courses.
These courses (screened high-quality courses) are more developed based on your interests, industries and future positions, which can supplement your practical skills and knowledge in a more targeted and directional way, and will be of great help to you to understand your own courses and future internships, especially the knowledge of finance, risk management, data analysis and modeling.
Internship experience
Seriously, don't stay at home during holidays, which is easy to speed up parents' spitting. Going out to play is an option, and it is also a good direction to enjoy the "social animals" day in advance (just kidding).
In resumes and interviews, internship experience is the most concerned part of school enrollment. It is recommended to prepare 1-2 years in advance, and the earlier the better.
Practice experience should pay attention to the work content and corporate visibility. Of course, good summer internship opportunities for enterprises are hard to come by. Generally speaking, it is easier to enter the interview session if you postpone or have some past internship experience. If you have time, you can pay more attention to the website of fresh graduates and the job search pages of various forums, and there will always be gains.
In recent years, with the rapid development of the Internet, some new practice methods have emerged-online practice. For example, Jobs' resume, their internship project is a pure online internship; There are also companies that offer online part-time jobs, but they are generally simple manuscript processing, and there is not much room for study, but it is also an internship experience (at least it is better than an empty resume).
degree
From the above data, we can easily see that the higher the educational background, the better the choice and salary of graduates in employment, which is not surprising in the case of explosive growth of postgraduate students in recent years. Whether for future development or to escape from psychology, try to get a higher degree if your study conditions permit!
Do textual research
When applying for a job, a resume is a stepping stone. In addition to personal basic information, education background and internship background, the certificate part can also reflect personal professional strength.
What is reflected behind the textual research is not only the objective evaluation of your professional ability by trade associations, but also your strong self-control and self-discipline. First solve the problem of whether there is a certificate, and then challenge the certificate with lower pass rate and higher difficulty.
Of course, textual research is an additional personal investment, including CFA, FRM, ACCA and other high-priced certificates, as well as CMA, ACFRM, AAQF and other medium-level certificates. It is recognized that CPA with high gold content and appropriate fees is also favored by scholars. How to choose it depends on your own situation.
Comprehensive strength
Skilled in using office software. Improve your aesthetics, make a beautiful PPT, type Excel, and do a good job in data analysis. Don't underestimate these skills.
Exercise the ability to write reports and copywriting, which will be used in any industry in the future.
There are also some icing on the cake abilities, such as business etiquette and speech.
ACFRM
Assistant Certified Financial Risk Manager (ACFRM) is the primary certificate in the three-level certificate series of CFRM certification, and ACFRM is the basic professional level certificate leading to the career of Certified Financial Risk Manager (CFRM).
ACFRM is a primary level certification for financial and non-financial students or fresh graduates of universities around the world. The purpose is to strengthen the cooperation between industry organizations and universities in personnel training, specialty construction, practice and training base construction, etc., to provide students with advanced global and industry-leading professional theoretical knowledge and high-quality practical skills, enrich students' practical experience during their school days, and enhance their employment competitiveness.
ACFRM puts forward strict evaluation criteria for students and fresh graduates who want to engage in financial-related industries in the future from the aspects of financial foundation, quantitative analysis, financial theory, market risk management, credit risk management, operational risk management and risk modeling.
Application conditions
College students or fresh graduates majoring in finance, fresh graduates and graduate students majoring in non-finance;
Students or fresh graduates majoring in finance in higher vocational colleges and technician colleges, and fresh graduates of non-financial related majors.
* Anyone who meets any of the above conditions can apply for the exam, and can apply for the exam after reaching the required credits through formal training at this level.
Examination date: organize a unified examination on the third Saturday of July/65438+February every year, and organize a unified examination at the end of the cooperative university.
Examination time: 9: 00 am ~165438+0: 30 am.
Examination places: Beijing, Shanghai, Shenzhen, Wuhan, Xi 'an.
Examination scope: the first part of the examination outline (accounting for 100%)
Examination form: the first part of written examination (100 multiple-choice questions)
ACFRM candidates with a comprehensive evaluation score of 60 points are considered qualified.
examination syllabus
Fundamentals of risk management
15%
The chapter "Fundamentals of Risk Management" gives a comprehensive and basic introduction to risk management and portfolio theory, which is helpful for candidates to build risk management thinking and lay a solid theoretical foundation. In addition, through a large number of classic global financial risk management cases, we can fully understand the whole process of risk management.
foundations of mathematics
15%
This part introduces the basic mathematical knowledge necessary for financial risk management, covering the basic knowledge of probability theory and statistics. Modern risk management theory is completely based on statistics, probability theory, stochastic process and other mathematical cornerstones, and a solid mathematical foundation is helpful for candidates to learn subsequent knowledge smoothly.
Basic knowledge of finance
15%
Accounting is the foundation of finance and finance is the soul of accounting. With the economic globalization and the rapid development of the capital market, accounting, as a business language, plays an increasingly important role. Starting with the learning method, measurement basis and confirmation measurement principle of accounting, this part introduces the specific methodology, basic accounting assumptions, accounting principles, financial reports and financial statement analysis of financial accounting theory in detail, which has built a solid accounting foundation for risk management.
Fundamentals of market risk management
20%
This part involves four major financial markets and corresponding financial products-stock market, money market, fixed income market and derivative product market, covering fixed income products and their pricing, and the concepts and pricing of forward, futures and swap contracts. For the options, candidates only need to understand the basics.
Fundamentals of credit risk management
15%
Credit risk is one of the oldest financial risks, which is the loss caused to us by the counterparty's failure to fulfill its obligations. With the complexity of the financial industry, financial risk has gradually changed from traditional unilateral risk (credit risk) to bilateral risk (or counterparty risk). Therefore, higher regulatory requirements are put forward for institutions.
Fundamentals of operational risk management
10%
1995 after the collapse of Bahrain bank, the operational risk has gradually become familiar to the industry. Operational risk has always been regarded as the most challenging peak in the field of risk management, because it involves a wide range of risks and is difficult to predict and measure.
Fundamentals of quantitative risk control
10%
This part belongs to the forward-looking course of modern financial risk management technology, which mainly involves the basic knowledge in the field of financial technology, risk management modeling and Python language.
Certificate advantage (gold content)
Advantage 1: "international certification, domestic endorsement" and "one test and two certificates". Candidates who have passed the corresponding level examination and meet the qualification of the holder can apply for both Chinese and English certificates issued by the Association and PFT professional level certificates issued by the Committee of Quantities.
CFRM certification covers all fields of risk management knowledge, focusing on a comprehensive introduction of financial risk management practices in China. Financial analysis and quantitative risk modeling have been added, and the knowledge has fallen to the ground, keeping pace with the times and advanced in content, which meets the requirements of the ability level of financial practitioners in China.
Advantage 2: "Enterprise recognition, university recognition". China Bank, Bank of Communications, China Ping An and other financial institutions have successively organized CFRM certification project rotation training. Many enterprises have listed CFRM certification projects in the list of units, and CFRM holders can enjoy the corresponding subsidy and salary increase policies as proof of promotion and job transfer selection.
ICFRM launched university scholarship program from 20 16, and reached long-term cooperation with School of Finance of Shanghai University of Finance and Economics, university of international business and economics Insurance College, School of Finance of Zhongnan University of Economics and Law, and northwest university of politics and law School of Economics.
Advantage 3: "The language is easy to learn". The study and examination of CFRM certification are all conducted in Chinese, which is helpful for students to study and apply more conveniently. For financial practitioners who have a weak English foundation but want to improve their own ability, the learning system of CFRM certification not only fits the practical application completely, but also can get started quickly and avoid learning delay.
Advantage 4: The difference between CFRM certification and other personal certificates is that ICFRM advocates the concept of lifelong learning, and the research is just the beginning. The rich membership rights after holding the certificate are the embodiment of the important value of CFRM certification.
For example, ICFRM will regularly push information about recent related positions to all member units. On the communication platform of the association, members often recommend posts and have business contacts.
20 19 Global Financial Derivatives Conference (Hongkong, China) cooperated with Fortis Insurance to create the development plan of "Financial Talents Come to Hong Kong" "Quantitative Finance, Future Has Arrived" Theme Forum Activities Beijing Station 17th China International Talent Exchange Conference "Quantitative Finance, Future Has Arrived" Theme Forum Activities Shanghai Station 5th Asian Future Digital Finance Conference.
It is also excellent to get an ACFRM certificate.