After the ambition of Qingbei business graduates to "make money crazy" fell through, in-depth report
Original Beiqingshen 1 degree Beiqingshen 1 degree 2024-04-22 16:03
Morning Mist / Repost
Written by Qiao Yumeng
Editor/Ji Wei
Under the sharp contraction of the investment bank recruitment market, bank positions have become a "life-saving straw" for business graduates in Qingbei
Over the past decade, the economics, management, and finance majors of top universities such as Tsinghua University and Peking University have attracted a group of "the smartest, most capable, hard-working, and most capable of learning", who are full of ambition and believe that the future is full of possibilities - to enter investment banks, earn millions a year, talk and laugh with business executives, and live a busy but glamorous life like a "trapeze".
In September 2023, they thought that "the situation is good", and they hit the sharply contracted recruitment market head-on, and the bank that had never appeared in their career planning before became a "lifesaver". From investment banking to banking, when they make a career choice, it also means entering a completely different evaluation system - "it's all about people, and you can see the end at a glance".
Behind this is the turmoil that the financial industry has experienced in the past two or three years. In the heyday, "everyone is crazy to make money, and they are expected to make crazy money in the future." Since May 2022, several "salary limit orders" and a "827 New Deal" have started with the shrinkage of year-end bonuses and welfare subsidies, and salary cuts, layoffs, and recruitment reductions of investment banks have followed.
From investment banks to banks, embarking on a more stable but at the same time more closed track, some of them are reluctant to look forward to one day jumping out. There are also those who take the initiative to give up the material rewards and growth that come with their work and turn to the pursuit of a more stable and rich personal life.
It's a story of confidence and expectation that happens in the financial industry, and not just in it.
China Construction Bank held a campus recruitment seminar at Peking University
"The Smartest Man"
During the Spring Festival this year, Xu Kai accompanied his mother to a bank branch near his home to apply for a card. The salesman looked about the same age as him, wearing an old-fashioned suit, explaining the procedures for applying for a card to them without raising his head, and his tone was not undulating, and a lengthy process was repeated many times. At the counter next door, an old man with gray hair put his mobile phone screen on the glass, raised his voice and asked the other side, "Young man, how do you use this financial management APP?"
Xu Kai laughed at his mother, "This is my life in the future." Graduating from Tsinghua University with a master's degree in economics and management, he never expected his future in such a way that he was confronted with the brutal employment situation.
One day at the end of September last year, his summer internship at one of the "three Chinas and one China" (referring to four top domestic brokerages, including CITIC Securities, China Securities Securities, CICC and Huatai United Securities) was coming to an end. At 6 o'clock in the evening, he closed the computer, walked out of a high-rise building near Beijing's Financial Street, and returned to the dormitory more than 10 kilometers away after an hour. "Ding", a new email came, he clicked on it, and a bold line rushed into his eyes: We regret to inform you that you have not been able to enter the employment process of XX Securities. In an instant, "the heart pulled out the cold", according to the retention rate of previous years, he thought that he would win.
Xu Kai had to devote himself to the vast autumn recruitment army, and after several months of fear, he finally received an offer for the management trainee program of the head office of a domestic bank at the beginning of this year. Before signing the tripartite agreement, he was a little hesitant and wanted to wait for a better opportunity. A classmate advised him, "In this current market, don't be too demanding." ”
He never imagined that there would be such a day. Over the past decade, economics, management and finance have been one of the most sought-after majors, attracting a large number of high-quality students. Business students from top universities such as Tsinghua University and Peking University are even more like the "spire of the pyramid". Shi Yigong, a well-known biologist who used to be the vice president of Tsinghua University, lamented in a speech in 2016, "Where did 70 to 80 percent of Tsinghua's top students go to the School of Economics and Management?" Even my best student, the student I wanted to train the most, told me that I wanted to go to a financial company, boss. Gao Xiqing, a professor at Tsinghua University Law School, has also publicly stated that "today's financial institutions in the world attract the smartest, most capable, most diligent, and most capable of learning people in the whole society." ”
Among the various financial institutions, investment banks (often referred to as "brokerage investment banking departments" in China) are particularly popular among business students because of their high salaries and glitz, "arguably the crown jewel," described a finance student at Tsinghua University. In the employment quality report of Peking University's Guanghua School of Management, investment banks have been ranked first in employment destinations for many years: in 2019, 24.3% of undergraduates and 39.5% of finance graduates joined investment banks, and in 2020, 17.8% of undergraduates and 25.4% of finance graduates joined investment banks. A fourth-year student majoring in finance at Peking University remembers that when he entered the school four years ago, the college did a survey about Target Company, and "Goldman Sachs, Morgan Stanley, CICC, CITIC" was the answer for most of the students - all investment banks.
Behind this is a self-evident "chain of contempt": at the top are investment banks, and banks are at the bottom. Everyone's eyes are up, and no one wants to bow their heads.
But this is not the case, and "the market now" means that they have to accept jobs that they "wouldn't have considered at all" just a few years ago. Xu Kai was born in a "banking family", his mother, uncle, and grandfather were all bank workers. His mother often persuaded him bitterly: "Son, the head office of the bank is good, the treatment is good, and the scenery is beautiful." Every time the head office management training goes to the branch to study, the president has to accompany him. The mother said too many times, and he was anxious, "What bank am I going to?"
The slap in the face of reality came suddenly. First up is the retention rate of summer internships, which is much lower than in previous years, and many high-quality positions are often locked in this link. A number of Qingbei business students told Shenyi that in 2020 and 2021, the retention rate of summer internships in investment banks could reach 50%, and by 2023, the average retention rate will only be about 25%. This was followed by a noticeable drawdown during the autumn recruitment. Many investment banks have single-digit recruitment plans, and some "simply don't recruit".
At this time, banks with stable recruitment numbers and salaries became the "lifesavers" for business students in Qingbei, and the "Big Four" (referring to Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank) were particularly favored. A relative who works in one of the "Big Four" once revealed to Xu Kai that in 2023, about 60 people will be recruited for management trainee positions at his bank across the country, and nearly 3,000 of the applicants will have resumes with backgrounds at Peking University or Tsinghua University. This would have been unthinkable in previous years. Xu Kai remembers that before September 2023, the bank option never even appeared in his and his classmates' discussions about work.
Under the sudden intensification of competition, the initiative of both supply and demand in the recruitment market has been greatly reversed. "Overseas investment" has become a common strategy. During the autumn recruitment period, Xu Kai submitted a total of three or four hundred positions, and finally only received three offers, "I prepared for so long, paid so much, and worked hard to roll it out, and finally was treated as a cabbage, and was picked and picked by the company that I didn't look down on." ”
"Very powerless, very unwilling. "It's a common feeling. ”
Xu Kai often meets classmates of the same major at the interview site of the bank. The first time I felt that it was a coincidence, the second time I felt that it was quite fateful, and after the third time or even more times, everyone looked at each other and smiled, and the smile was full of bitterness.
During his internship in investment banking, Xu Kai worked overtime in the school library
Market curves
The financial industry has been "soaring".
The annual report on the operation of the financial market published by the Chinese government website outlines the curve of market changes.
In the 2020 report, similar expressions such as "growth" and "rise" were used throughout: the bond market issuance scale increased significantly, the trading volume of spot bonds increased, the yield curve flattened upward, and the market investor structure was further diversified, the money market interest rate fell significantly, and the trading volume of the interbank money market increased, the trading volume of interest rate derivatives increased year-on-year, and the swap and futures prices decreased slightly, and the major stock indexes in the stock market rose sharply, and the turnover of the two markets increased significantly.
In the memory of Wang Anqi, an employee of CICC's investment banking department, it was a "big year", "everyone is crazy to make money, and they are expected to make crazy money in the future." ”
In 2021, the market as a whole maintained a growth trend.
It was in such a year that Xu Kai was admitted to Tsinghua University, and at that time, their classmates would joke with each other, "Isn't it possible to go to CICC if you have a hand?" This is not an exaggeration, Wang Anqi remembers that it was two years of the company's crazy expansion of recruitment, "hundreds of hundreds of recruits".
In 2022, people with a keen sense of smell are starting to notice signs of a downturn in the industry.
The most obvious change is the successive introduction of several "salary limit orders" in the financial industry, aimed at controlling the pay gap -
In May, the Securities Association of China issued the Guidelines for Securities Companies to Establish a Robust Remuneration System, in June, the Asset Management Association of China issued the Guidelines for Performance Appraisal and Remuneration Management of Fund Management Companies, and in August, the Department of Finance of the Ministry of Finance issued the Circular of the Ministry of Finance on Further Strengthening the Financial Management of State-owned Financial Enterprises, requiring that the basic remuneration of senior executives and employees in important positions of financial enterprises shall generally not be higher than 35% of the total salary, and more than 40% of the performance-based remuneration shall be paid in a deferred manner, and the deferred payment period shall generally not be less than three years.
In that year's report on the operation of the financial market, the wording became cautious: the bond market was running smoothly, and the yield of treasury bonds was mixed; the bond market opened up to the outside world at a high level in a stable and orderly manner, and the investor structure was further diversified; the trading volume of the money market continued to increase, and the trading volume of the interbank derivatives market remained stable; and the major stock indexes in the stock market fell back.
In the pantry, bathroom, and stairwell of Wang Anqi and Xie Chao's company, some gossip circulates - the storm is coming.
2023 has been an unquiet year for financial practitioners. The first thing they ushered in was a sharply reduced year-end bonus.
Xie Chao works in the investment banking department of a top 10 brokerage firm in the industry, and according to the practice of previous years, the year-end bonus is generally 9-12 months' salary, but in 2023, only 2 months' quota will be issued, "symbolically one hair." Wang Anqi heard that some colleagues complained after receiving the year-end bonus, "The tax paid is less than the year-end bonus of the previous year." ”
Routine benefits and subsidies are also decreasing. In Wang Anqi's company, the travel standard has plummeted, and Marriott, which used to be able to stay in a hotel for 3,000 yuan a night, can now only choose between Homeinns and Hanting; Xie Chao's company's original meal standard was 100 yuan a day, and "it doesn't matter if you spend more", but now it is required to strictly control the standard and must spend money near the company.
August 27, 2023, is a historic day for investment banking practitioners. The China Securities Regulatory Commission (CSRC) issued the "CSRC Co-ordinates the Primary and Secondary Markets to Balance and Optimize the Regulatory Arrangements for IPO and Refinancing", which clearly proposes to "reasonably grasp the rhythm of IPO and refinancing" and "tighten the pace of IPO in stages". In the industry, this document is also known as the "827 New Deal".
IPO, which means "initial public offering", is the only way for a company to go public. At the moment when the registration system is fully implemented for A-shares, after submitting an IPO application and before a successful issuance and listing, an enterprise needs to go through several steps in turn: acceptance, review and inquiry, review and inquiry by the Listing Committee, submission to the CSRC and registration with the CSRC.
Under the tightening of supervision, many companies have stumbled on the road to listing. After the implementation of the "827 New Deal", the number of IPOs accepted has decreased significantly, and the review speed has slowed down significantly. From January to August 2023, 213 IPOs were approved and 193 were launched in the Shanghai and Shenzhen markets, while in the second four months of 2023, only 32 IPOs were issued and 44 were launched. In 2022, 2021, and 2020, there will be 428, 481, and 394 A-share newly listed companies, respectively.
There are not a few companies that voluntarily withdraw their IPO applications. According to public statistics, as of April 8, 99 companies in the queue for IPO have withdrawn their applications in 2024, and 274 companies have withdrawn their IPO applications in 2023. Wang Anqi explained to reporters that this is because the company can't afford to wait, and investors are also in a hurry to withdraw, "no matter how long it drags on, the company's financial performance may not be as good as it is now." In desperation, companies have found another way out.
Wang Anqi told Shen Yi, "There is not much room for compromise in this kind of administrative control. ”
Generally speaking, the preparation time for an IPO can be as short as one year or as long as three years, and it is from this process that investment banks earn high underwriting and sponsorship fees. But with a large number of IPOs terminated, investment banking revenues have decreased and profits have declined. According to CICC's 2023 annual report, the operating income of its investment banking business decreased by 40.3% year-on-year, and the operating profit margin fell by 22.2% year-on-year.
"Profits have deteriorated, and naturally various costs have been reduced and efficiency increased. Wang Anqi said, "The biggest cost of investment banking is people. ”
The salary cut gradually turned from a rumor into a reality. Among the 27 listed securities firms that have disclosed their 2023 annual reports, 12 have seen a decline in the average salary of employees, with a decrease of 2%-13%. CICC, which has been involved in controversy several times because of its "high salary", will have an average annual salary of 1.1642 million yuan in 2021, which will drop to 697,200 yuan in 2023, a decrease of 40%.
In this round of collective salary cuts, the high-level employees targeted by the "salary limit order" bear the brunt. Among the 27 listed brokerages, 22 saw a decline in total executive compensation, with an average decline of 15%. Caixin also mentioned in a previous report that a number of people close to CICC said in April 2023 that CICC was asked by shareholders to cut the salary package, and there was once a rumor that "it had to be cut in half".
Layoffs followed. Xie Chao told reporters that "each (investment bank) has more or less laid off employees", taking his department as an example, there were more than 70 people, and starting at the end of 2023, "almost 10 people have been actively or passively gone". According to public information, since 2024, the investment banking department of CITIC Securities has undergone personnel adjustments, and more than 100 people have been transferred from IPO equity posts to debt financing, mergers and acquisitions, investment and other business lines.
An industry insider previously said bluntly in an interview with Caixin, "The whole industry is quiet and the wind does not stop, and it is good to be able to transfer jobs instead of directly dismissing." When an investment bank does a project, the number of an IPO team can range from a dozen to twenty or thirty people, and different people may follow up several projects at the same time. Now, except for some opportunities on the Beijing Stock Exchange and the science and technology innovation line, some practitioners are in a state where there are no projects to promote. ”
The chill of market contraction is gradually transmitted to the recruitment side.
As for the change in the employment situation, Wang Anqi and Xie Chao, who are internal employees of investment banks, are not surprised. "But I didn't expect the downturn to be so fast and the downturn to be so deep. Wang Anqi said.
There is a time lag between changes in the industry situation and the supply side of talents. Most students, like Xu Kai, found "nowhere to go" almost overnight.
Last year, Xu Kai attended two college dinners. In June, the air is hot and dry, and young people's hopes and ambitions for the future are surging on the table, and "everyone feels that the situation is very good". In November, late autumn, after the students exchanged their whereabouts with each other, they were speechless, shocked, helpless, and panicked to fill the silence.
For Xu Kai, investment banking and banking represent two different life directions
Two lives
At the end of a bank interview, Xu Kai walked out of the building, and as soon as he looked up, the securities company where he interned in the summer was opposite. During the three months of internship, he never paid attention to the company opposite him or the kind of people working in it.
On both sides of one road, two directions of life.
The most intuitive is the difference in income, or disparity. Xie Chao told a reporter from Shenzhen that in his investment bank, employees can get nearly one million annual salaries in the first year of employment, and there are six or seven hundred thousand tax deductions. Even in the face of a large salary cut, the monthly after-tax salary is more than 30,000 yuan.
As for the future bank job, Xu Kai asked the seniors who worked in it, and the monthly income after tax in the first year was less than 10,000 yuan. He was worried, "In Beijing, it costs three or four thousand yuan to rent a house, and the remaining six thousand yuan is enough for one person to live, but if you have a plan to get married, it is very difficult." He has been dating his girlfriend for many years and has a stable relationship, but when he thinks of his future income, he is "a little afraid of marriage".
Essentially, there are two very different evaluation systems behind this. A number of respondents said that concerns about "decapitability" were a big reason why they had previously given little thought to working in a bank.
During the Spring Festival when he returned to his hometown, his grandfather and uncle had a long chat with Xu Kai, popularized the "culture" within the bank, and gave him two doses of "preventive injections".
The "first shot" is that the bank's work is highly processed, the pursuit of compliance, risk control, and no problems.
Xu Kai silently translated in his heart: life like a screw, boring, no freshness, no challenge.
In the second shot, the bank is an environment that values "people" far more than "things".
The elders spoke earnestly and told Xu Kai to change his thinking after work, and there would be no more highly quantifiable assessment system, "It's all about human feelings." ”
China Construction Bank has disclosed a pyramid chart that reflects the intensity of competition for each job, the closer to the spire, the higher the job recruitment ratio, and the popularity of the job is closely linked to the degree of attention it receives in the system. The positions on the first floor of the spire include the office of the board of directors, the office of the party committee, and the finance and accounting department.
Through the interview process and selection criteria, Xu Kai gradually felt the characteristics of the "banking system".
In the bank recruitment that Xu Kai has participated in, a common interview format is leaderless group discussion, which "examines more soft skills", such as the interviewer's logical ability and language skills. Compared with previous professional internship experience, candidates' student work experience and even hobbies are more concerned.
He also noticed that in the bank's recruitment, the interviewers were mostly men, wearing a regular suit, and "the overall temperament was very stable." ”
As a result of "decapability", it is difficult to get out of the banking system, and "if you get in, you can't get out". Thinking of his future life, Xu Kai "can see the head at a glance." ”
embarked on a stable but at the same time more closed track, Xu Kai was out of helplessness, and some people took the initiative to choose.
Chen Mo, a master of finance from Peking University, will join one of the "Big Four" this fall. Previously, he interned at a foreign investment bank for half a year, and for him, it was a process of constantly recognizing the "B side" of investment banking.
The most unbearable thing is the "inhumane" work rhythm. In that half a year, Chen Mo got up at 8 or 9 o'clock every day, "working until 12 o'clock and closing his eyes, 7 days a week". In addition to overtime, there are countless business trips. Internally, there is a metric called "travel rate", which is calculated by dividing the number of travel days by the total number of working days, and the average travel rate of his business group is as high as 105%.
Under such high-intensity work, "the changes in the body are visible". After half a year of internship, Chen Mo gained more than 20 pounds, because he had no time to exercise, "I came home in the early morning every day, washed and fell asleep, how could I be in the mood to exercise? "Hair loss, insomnia, are also his problems.
Social life has also been forced to change. In that half a year, Chen Mo almost disappeared from the circle of friends, and occasionally met with friends near the company, in case there was an urgent matter at work. There are no weekends, no holidays, and you must take your computer with you when you go out, and you will be on call at any time.
He observed that his colleagues around him were tired every day, and "there was really no light in their eyes". He remembers a colleague in his first year of employment. Once, her boyfriend, who was working abroad, returned to China after a year and left the next day, and she wanted to have dinner with her boyfriend at a restaurant next to the company in the evening. Unfortunately, there was a lot of work that day, and my colleagues really couldn't leave, and while working, they repeatedly pressed their mobile phones to check the time, "I was going to cry". At 10 o'clock in the evening, the work was still not finished, Chen Mo saw his colleague go out to make a phone call, and his eyes were red when he came back.
People in higher positions have similarly limited sense of value from their work. A senior who is a director of a top foreign investment bank once admitted to Chen Mo that after working for many years, his biggest feeling is emptiness and sadness, "You can treat the financial market as a game, and if you win, you can get game currency, and your position on the ranking will be improved." I can only immerse myself in the game and dare not think too much. ”
"The aunt who sells pancakes and fruits at the breakfast shop at the door may have a real sense of life than me. Chen Mo couldn't forget the gloomy meaning in the words of the well-known alumnus, "At least I can make something tangible every day, fill some people's stomachs, and get a smile from each other." ”
Chen Mo also disagrees with what many people say about the "de-capability" of banks. In his opinion, there are only differences in ability, and there are no advantages or disadvantages. His cousin works in the party committee office at the head office of a state-owned bank, and every time he returns to his hometown, the president of the local provincial branch visits his home for the New Year. He sighed, "Can you say that this kind of work is not good? Can you say that this kind of ability is not important?"
After realizing that investment banks are on the other side of high salaries and glamorous, there are not a few people like Chen Mo who make decisive choices and switch paths. Zhao Yang, who works in economics at Peking University, interned for more than a year at an investment bank that was equally famous for his work intensity and salary, and finally "couldn't hold his body anymore", chest tightness, palpitations, measles, and gastroenteritis all came to his door, and he was hospitalized intermittently for a month. After being discharged from the hospital, she quickly resigned and devoted herself to preparing for the bank's recruitment.
But she soon discovered that the other path was not easy to follow. Banks have a very clear preference for candidates –
"Master's degree, party member, Beijinger. Zhao Yang was concise and to the point.
Xu Kai's dense schedule during the autumn recruitment
About "Expectations"
Xu Kai has a habit of keeping a diary. When the dust settled, he cleaned up his room and dug out three thick diaries from his undergraduate and master's degrees.
The first book chronicles the life of the first and second years of undergraduate.
After the college entrance examination, he got his wish and entered a top-ranked finance and economics university to study finance. Flipping through the diary, the excitement of wearing a suit for the first time to take a professional photo, and the nervousness before the first interview at a securities company surfaced one by one.
The third and fourth years of the undergraduate program are recorded in the second book.
He had a detailed record of "coffee chat" with a senior who worked in investment banking. The other party talked about his life -- traveling all over the country like a trapeze, staying in high-end hotels, eating Western food per capita of several thousand, playing golf with business bosses worth hundreds of millions of dollars, and staggering with the top executives of state-owned enterprises - all fascinated him.
Looking at the familiar handwriting, but the ignorant enthusiasm between the lines has gone, Xu Kai felt in a trance.
As he was admitted to Tsinghua University as a graduate student, his diary was also written in the third book.
He gradually saw a more real side of the financial world, such as the promotion of meritocracy. Especially after entering 2023, he learned that a number of brokerage research institutes have begun to implement the last elimination mechanism, "The first second you hear it will feel so cruel, but after thinking about it, it seems reasonable to hear it from this place." ”
During the months of looking for a job, Xu Kai kept a diary infrequently, because he was busy and because of "mourning". He said that just like facing the stock market, everyone was full of confidence when they entered the game, but step by step, despair flowed down the river and went all the way to the end.
November 5, 2023, his busiest day during the entire autumn recruitment period. From 8 a.m. to 10 p.m., he met with four companies, from the east to the northwest to the south of Beijing, spending almost all of his time between interviews on the subway. Catching the last train back to the dormitory in the evening, he was exhausted and woke up the next day to write down the day. Finally, he wrote, "Hopefully a good outcome." ”
But until early December, he still hadn't received a single offer. Words such as anxiety began to appear frequently in the diary. He would write down the post of delivery on hand. Looking back, he was surprised that he had "invested in everything" at that time, including city commercial banks and even village and township banks.
Turning to the last page of the notebook, there was only one sentence, which he had written on the day he received the offer from the bank. "If you think about it, flying and staying in a hotel every day, this kind of life may not be what I want. The ink froze and continued, "Isn't it?"
He also sorted out some thoughts about his career in his diary.
"Everything was a matter of expectation. He wrote.
Expectation, a core concept in economics, emphasizes the decisive role of uncertainty in the future on people's economic behavior. When the market environment is volatile, practitioners' confidence is frustrated and long-term expectations are reshaped.
One of Xu Kai's classmates gave up an offer from a domestic investment bank and finally took the public entrance examination. The classmate explained that he had heard too many examples of salary cuts and layoffs, and he was concerned, "It's better to try to enter a stable environment than to be fired as soon as you enter." ”
Xu Kai wrote with emotion, "When the market is good, everyone can enter the company with a relatively high position in the contempt chain, and they are also optimistic about the future expectations, and they feel that they are tired when they are young, and as long as they can accumulate enough capital, their efforts are meaningful." However, the market has deteriorated, and the negative and cruel side of the industry has become prominent, so it takes more courage to choose to enter. ”
Everyone has a "utility function" about their career, and their preference for a job depends on factors such as material rewards, stability, growth, and work-life balance. For many people, including Xu Kai and Chen Mo, high salary, glamorous, challenging and possible constitute all their imagination of work. But after gradually feeling the chill of the industry, they began to take the initiative to adjust the weight of low income and growth in exchange for a more stable life with more leisure time.
Chen Mo was fortunate to adjust his expectations in time, and after giving up investment banking, he had a free time that truly belonged to him for a long time.
He can finally sleep until he wakes up naturally on weekends, jog in the sunset every day, and calmly finish a meal and watch a movie with friends at his favorite restaurant.
In order to seize his last student days, he also signed up for the school's exchange program and was visiting Europe at the time of the interview. "You see, I still have the kung fu to play abroad, and if I am still an investment banker, I will have to intern until I graduate. More than 7,000 kilometers away, Chen Mo's brisk laughter is still infectious.
After changing tracks, some people are also satisfied, and some people are hesitant.
For the day when he jumped out of the banking system, Xu Kai still had a glimmer of hope. He feels that as long as people live, they can still toss. "Now that the market is not good, I chose a job that is partial to the system, and when the market warms up in the future, can I try again?"
But sometimes, he felt pessimistically that the fire would eventually go out. The seniors who work in the bank told him that when they first joined the bank, many people preferred front-end positions that could give full play to and exercise their professional skills, such as the financial market department, but after working for a few years, they considered transferring to the middle and back office departments, such as the financial accounting department and the human resources department. The senior joked, "It's all coming to the bank, since it's so stable, it's better to 'swing' a little more." ”
Xu Kai thought that maybe he would also become a frog soaked in warm water and didn't want to move.
At an alumni reunion not long ago, Xu Kai chatted with his classmates and found that some people went back to their hometowns and entered state-owned enterprises, and some people went to small private enterprises whose names they had never heard of. ”
At the party, he also met several seniors working in investment banks. "After that, it's two circles. He was both envious and faintly awkward, "Staggered." ”
(At the request of the interviewee, Xu Kai, Wang Anqi, Xie Chao, Chen Mo, and Zhao Yang are pseudonyms in the article)
Information source: 2024-04-22 WeChat public account Beiqingshen once
It:Bhsheniyit
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