Peking University master, Harvest Hengsheng Technology ETF fund manager Gao Feng, kao gong on the shore as a civil servant, and then directly resigned from the fund company.
Image source: Network
These days, many readers have taken this hot topic in the financial circle to ask my opinion.
Do you know what department he was admitted to? I asked each other first.
SFC Issuance Supervision Department!
Say the important thing three times, how good this department is, many people really don't know. But for those of us who are engaged in securities and funds, this is simply a grandfather-like existence.
So he chose to take this step, perhaps disgusted with the fiercely competitive overtime work of fund managers.
After all, of the 19 funds he manages at Harvest, the size of which is more than $1.47 billion. But most of them are passive index funds, with low management rates and little presence.
But I guess, more likely, he still wants to take a green path for career advancement.
After all, the Issuance Supervision Department of the China Securities Regulatory Commission, Party A is the party A. Entering this department, he suddenly changed from an athlete to a referee, from outside the system to within the system, for his future career, it is basically offensive and defensive.
You can continue to walk the career path as a referee, retire can also be gilded, have a regulatory background, and are familiar with the leadership, want to make money every minute can come out, the position of the executives of various financial institutions is lined up for you to stay.
If you don't believe you, how many of the senior executives in charge of compliance and the chief inspector of fund companies in various securities companies are from regulatory backgrounds, you will understand.
So, the same choice is for me, and I'm the same choice.
Do not doubt the judgment and decision-making ability of a Peking University master of finance and fund manager.
Moreover, he was not alone.
In the announcement of the 2021 announcement announced by the CSRC to recruit staff of public institutions managed with reference to the Civil Service Law, there are also fund practitioners of Hui Tianfu Fund, E Fund and Orient Fund.
You see, everyone seems to have figured it out at once, how strong the tide of the financial circle was in those years, and how strong the determination to go ashore and enter the system now is.
As a middle-aged man who didn't go ashore and missed the best time to go ashore, I really don't know how to evaluate this trend and determination. I don't know if this shift is necessarily correct for young people.
But I know one thing, one thing for sure, is that this choice is crucial to the lives of many young people.
Therefore, instead of watching the hilarious discussion gossip at the peak, today, I would like to share with you the experience of 3 friends who entered the system, and hope that you can learn more about the truth before making a decision.
Of course, it must be explained that the "within the system" that I am referring to here includes the three types of party and government organs, public institutions, and state-owned enterprises.
In a word, it is a unit that has a state to manage rice and the bottom of the state.
01
A female, 25 years old, graduated with a master's degree in finance
Kao Gong entered the tax bureau of a coastal city and has now joined the company
A woman is a master of finance who just graduated this year, and is also a little sister of my tutor tutor.
In fact, when I first became her mentor, I could clearly feel that she was not clear about what she would do in the future.
Banks, brokers, and fund companies all rushed to meet them. Kao Gong was entirely her parents' idea.
Her parents, who have worked in the system all their lives, have always emphasized the importance of stability, and the students around her who study well are also preparing for the exam with all their might, and the competitors encountered in the interview are all 985 school graduates, all of which have made the A-daughter who has been accustomed to being arranged for a good life since childhood, and began to believe that the examination must be a shortcut.
Very smoothly, with a solid foundation in the examination, and her parents to help select a high-threshold unit, A daughter was admitted to the tax bureau of a coastal city once.
By the time she was accepted, she had already received an offer from another fund company and was interning. But there was hardly any entanglement, just the pride of her parents and the envy of her classmates, which made her give up the fund company and choose civil servants.
Now that A-woman has been a civil servant for a year and has not had much pressure at a stable job, she has been telling me that she feels lucky. Many classmates lost their jobs after graduation last year, and various financial institutions are also laying off employees and cutting salaries, and she just happened to hold an iron rice bowl.
Previously, she had not expected the income of civil servants, but after going to work, she found that the monthly salary and miscellaneous income combined were not much less than the offers she had received before.
Another bonus is that after entering the tax office, she found that the coverage of the object she was looking for had expanded a lot, and the overall quality of the objects introduced to her by her colleagues was also very high. At present, she is seizing the time to go on a blind date, looking forward to her finding an excellent other half.
02
B female, 31 years old, former bank clerk
Naked resignation for 3 months, the examination editor entered the university
Woman B is a reader of mine, read my article "I am around the people who left the financial circle, there is no regret at present" to leave a message for me, we met.
Working as a bank teller in a second-tier city, she entered the bank as soon as she graduated and stayed for five years.
She told me that she used to be dismissive of the work within the system, and always felt that she should engage in finance and be an executive, but then she was beaten in the face by society.
In the bank, every day trapped in a square meter counter, every day by the leaders and customers angry, in addition to the use of money counters will not be any skills, but also to bear the penalty of violations, while maintaining a smile service. He was also on duty on weekends, taking exams, and working one day more than 996.
After a few years of such a day, she could not bear it anymore and began to change jobs, but after all, she was not a child who had just graduated, and she had to have relevant work experience everywhere she changed careers, and she was married and childless, and she had to be interrogated for an interview. When she was desperate, she inadvertently communicated with other classmates, and she realized how good it was to be a teacher.
Therefore, the B daughter who had an iron heart to be a teacher resigned naked from the bank and reviewed at home in the dark for three months, and in May 2018, she was finally admitted to the teacher establishment in Guangzhou at the age of 29 and entered a vocational college.
Although her salary has experienced a cliff-like decline, she does not care, she is good at accounting, she has already calculated, divided by two holidays a year, and less than 8 hours of work a day, her hourly wage is much higher than before.
And the school has a canteen, there are meat and vegetarian to eat casually, there is something at home to take a leave, the leader will not give the eye, no deduction of wages, no deduction of annual leave, not counting attendance. All this satisfies The B woman who is used to being a bird of fright in the bank.
She told me that every time she met with old colleagues in the past two years, everyone was envious of her while complaining about the bank, and wanted to learn from her exam editing.
She was full of encouragement every time, but only she knew in her heart that it was unlikely that she would enter college at the age of 29 and want to make a career. All she can do is be a stable and comfortable one.
There must always be a sacrifice in everything.
03
C male, 36 years old
After two years of work at the Four Universities, he was admitted to the civil service and has been in the civil service for 11 years
Man C was my undergraduate classmate, and after graduating from undergraduate, he also followed the trend to do auditing at the big four (yes, when we graduated from undergraduate, the big four were definitely the ideal career for graduates).
After staying up late and working overtime for two years to do the project, he told us that he would never want to live that inhuman life again, and he had an iron heart to take the civil service examination. At that time, I also advised him that there are many promising professional managers in foreign companies. Hey, narrow and narrow.
After resigning from the four major naked, he reviewed at home for half a year, first failing the national examination, then going to the municipal examination, and finally being admitted to a beijing district government as a civil servant.
Don't look at the C man when he went to school, he was very unorthodox, and after he became a civil servant, he especially looked like a civil servant. Because of his good writing, a year later, he was seconded to the district government office and later became a secretary to the district chief. It's been 8 years now.
He told me that unlike the environment of the four major countries, which depends on themselves, in government agencies, young people who can work, obey, and do things will be given enough opportunities to exercise, and they will help you change by hand. After all, the administrative unit is fixed, and the sooner you can stand alone, the sooner the leader will be easier.
Moreover, the organization will also force you to study, the unit will issue some books from time to time, and the higher departments often organize various training courses, all of which are free.
As for the treatment, C man caught up with the good time, low-cost allocation to a set of suburban welfare housing, he did not live in and has been collecting rent.
Usually the provident fund is paid according to the highest standard, more than 90% of the public medical reimbursement, in the future, his child will go to primary school, and he can also enjoy the political security treatment, and there are corresponding schools in popular school districts that can go to solve all the way to high school.
Even if it is medical care, education, housing three mountains all solved at once. Parents are at ease, wives are happy, and children have a future.
Is it good to be a civil servant? He never gave us a positive answer.
But one thing is obvious, after the epidemic, our college classmates gathered, others are complaining about the bad market conditions, the company laid off employees and cut salaries, worked from home torture, only C man, rosy face.
The same middle-aged man, who looks at least 5 years younger than anyone else.
▼▼▼
A dog has his day.
I think that ten years ago, when I graduated from graduate school, the financial industry was in the dividend period, banks and securities were fragrant, and 90% of our students in our department went to the financial circle. There are only 2 people who take the exam and enter the system.
After a few years, entering the period of capital activity, the society began to popular national entrepreneurship and High Internet salaries, and the graduates of those years plunged into full market competition.
At the beginning of 18 years, capital gradually contracted, and many people began to quietly run into the system.
After the epidemic, everyone felt the good in the system, coupled with the favorable policies, the state bottomed out, and the grass-roots civil servants in various places expanded their brains to recruit more than 700,000 people, and they could absorb more than 2.8 million graduates for employment.
Although there is no final data yet, the disparity in the planned number of recruits of 25,726 and the number of applicants is 1.25 million, which is indeed a veritable one.
But even this chance cannot stop the determination of young people to "go ashore" and return to the wings of the system.
Why fight so hard? What exactly can work within the system bring us? From the choice of the peak and the experience of the three people above, I summarized the following points:
The first is stability.
Once you enter the system, it is as if you have bought a lifetime insurance that will not be unemployed, you no longer have to pay attention to your own performance, whether you complete tasks every month, there is no such assessment in the organ.
For risk-averse people, there must be the best profession within the system, because even if you are a small clerk, there is no risk of being laid off, while in the West, this treatment is only possible for tenured professors/military officers at colleges and universities.
When I was young, everyone had dreams of the sea and the sky, but after experiencing social beatings again and again, they always realized that they were just an ordinary person, and security was what they wanted to pursue all their lives.
Source: Supermarket sleepless
The second is value for money.
Entering the system to work, the enjoyment is never a high salary, but a cost-effective price. It is that you do not have to wind and sun, do not use 996 overtime, do not have to worry about middle-aged unemployment, do not have to worry about the future pension, the work intensity is not high, and you can take care of the family, and the family and children can also borrow the light to enjoy the cost performance.
When you are young, no one cares, but when people reach middle age, they will know the three words "cost performance", which is worth thousands of dollars.
Image source: Weather forecaster
The third is career.
Although many capable people do not look up to the work within the system, it is undeniable that in the eyes of parents and in the eyes of mainstream values of society, this job is the first choice.
If anyone's child is admitted to the civil service, the parents will almost tell everyone they know, and relatives will also look at you with all kinds of stubbornness. Even love and marriage are a plus in the eyes of the mother-in-law.
After all, the system is full of state officials, one is to ensure the harvest during drought and flood, and the other is not easy to derail. Isn't there a paragraph, a certain mother-in-law recruited a son-in-law, named a civil servant, before the blind date, someone asked her, inquire clearly about the young man? She said, no, civil servants are all political judges, and the state is more strict than us.
Source: Quartet
In general, intra-institutional work is a moderate occupation, corresponding to a middle-income and upper-middle social prestige.
So, what kind of person is best suited for this moderate job?
Most of them are also people with a moderate personality.
Because, when you evaluate a job, what really determines your evaluation is your subjective feelings.
Many times you will find that people with low- and medium-risk preferences and contentment are more likely to choose jobs within the system, and most of these people are optimistic.
People with high-risk preferences and unwillingness to accept the status quo are more inclined to choose jobs outside the system, and such people usually evaluate the status quo unwillingly.
So the most important thing is Socrates' words: "Know yourself."
No matter how fragrant the work in the system is, and no matter how many people around them flock to the system, everyone must recognize themselves before making a choice.
Blindly following the wind will only consume your time, after all, most people do not know that they have no wings before they fall into the pig's head after following the wind.
What's more, the outlet has been changing, and the young people who have gathered into the financial circle in those years are now moving into the system. But maybe in a few years, they will turn back into the financial circle.
Asking yourself again what you want is definitely more important than acting blindly.