Author | Cat brother
Source | Big Cat Finance Pro
Recently, the financial industry has been "full of sorrow".
They were subjected to a "reverse wage bargain".
What does that mean? It is the company that asks for wages from employees, and the salaries paid before must be spit out.
The first to do this was the bank.
Originally, the regulations were in place in 2010, but in 2021, the new regulations were introduced, and they were officially implemented, and banks began to disclose data.
But there aren't many recovered.
For example, China Merchants Bank will recover 43.29 million yuan from 4,415 employees in 2023, with an average of less than 10,000 yuan per capita, while Dongguan Rural Commercial Bank will deferred payment to 2,460 people, with an amount of 110 million, or 45,000 yuan per capita.
The ones that are recovered are not worth mentioning compared to the ones that are earned.
There is also a need for salary refunds in the fund industry, especially public funds.
The public offering fund of the central enterprise system has begun to start salary refunds, according to the standard of 3 million, one size fits all, and it will be chased back to 2022, and it will be withdrawn if it exceeds the standard.
It's really easy for the fund industry to go over the bar.
The larger the scale, the higher the income, in addition to salary, there are bonuses, and it is very easy for fund managers to earn tens of millions.
In the past two years, it was rumored that the star fund manager was loose and the bonus was as high as 70 million, although this figure was denied, but the scale of the fund he managed was there, and the management fee was soft, and the income was naturally a lot.
If it is extended from the public offering of central enterprises to the whole industry, the amount is unimaginable.
In addition, in addition to salary refunds, it is the tide of salary cuts in the whole industry, and various "small compositions" come out:
- 1. CCB head office has reduced salaries by 10%, branch performance has been discounted by 20%, and many banks have also begun to cut benefits, and the year-end bonus discount can be as low as 0;
- 2. The fund company should gradually reduce the peak salary from 15 million to 5 million, 3 million or even 1.2 million;
- 3. In addition to salary cuts, brokerages should also check compliance, and the head brokerage should check the stock speculation of employees, check the accounts and IP of relatives, and check for 3 years.
The insurance industry is not moving much.
After the 2008 financial crisis, insurance companies have received an explicit "salary limit order", and the current average salary of listed insurance companies can only be in line with the low line of several other industries.
In the past few years, the financial industry has indeed made too much money.
In terms of salary cuts, CICC is also the highest, with a 40% drop in three years.
Why is it so ruthless? Internally, performance is getting worse and worse.
Over the past few years, banks' net interest margins have been getting lower and lower, and now they can be said to be at historic lows.
The investment banking and sponsorship business of securities firms is also becoming more and more difficult, and CICC's fee income will plummet by nearly 50% in 2023.
For ordinary people, the least worthy of a high salary is the fund.
Even if the fund company loses money, the fund manager gets the bonus as usual, inside and outside, only the people suffer heavy losses.
Genius Songsong 5 products, with a loss of 14.1 billion; The male god Kunkun has lost more than 30 billion in three years; Goddess Lanlan lost more than 36 billion in 4 years.
Everything looks like numbers, but it's all hard-earned money that is lost.
Moreover, even if you make a fortune quietly, you can't stand the fact that many people love to show off their wealth, and they are all ingenious.
Originally, the income fell and the investment loss was lost, and everyone was annoyed, but your income added fuel to the fire, and the appearance should not be too ugly.
It's no wonder that netizens want to spray you, mainly because the perception is too bad.
However, there are also people who have complained about the salary cut.
Yao Yang, a professor at Peking University, said,
Moreover, finance has moral hazard because he is playing with other people's money,
That's interesting, but who bears the risk?
The bank asks for wages in the opposite direction, and the fund industry refunds salaries, so where does the returned money go? Of course, the companies took it and did not return a dime to the investors who lost money.
There's something more interesting.
What is the logic of this?
The million-dollar annual salary in the financial industry is a channel for small towns to achieve a class jump, and this channel is blocked by salary cuts, and it is difficult to get ahead no matter how hard you try.
As a result, the small-town problem-solvers don't buy it, let alone the annual salary of one million, even if they graduate from the finance major, it is difficult to knock on the door in the financial industry.
Many investment bankers have begun to exaggerate the "poor living environment" after the salary cut, and as a result, it is even more difficult for ordinary workers to empathize, can they be worse than their own?
Of course, a big salary cut can't solve all the problems, such as:
- 1. Money is idling in the financial industry and is not easy to flow to the real industry;
- 2. The industry's earning capacity has declined, and it is difficult to make up for the losses of shareholders and basic citizens;
- 3. The attraction of finance to talents is still very large, and even high-paid actors know that finance is easy to make money.
However, the overall trend is still to move from virtual to real, and after the big salary cut, this orientation is more obvious.
The consolidation of the financial industry and the reduction of wages have only just begun.