Has the financial industry failed in recent years? what do you think?

The traditional financial troika: banks, brokers and insurance.

I don't know much about those two carriages, but I am relatively familiar with banks.

Standing at the grassroots level, let's talk about banking.

In recent years, influenced by emerging industries and internet plus, the traditional model of banks has indeed been impacted. Various businesses are gradually developing online, like some previous business models and business models, which have also undergone great changes.

The pressure from top to bottom has increased dramatically. With the continuous development of marketization, various businesses are becoming more and more transparent, and the competition is becoming more and more fierce. The profit pressure of banks can be said to be a sharp increase. Bank staff have less and less rights and more and more pressure. How to get the deposit? How to put the loan? How to achieve the target?

Remember some time ago, banks responded to the call of the state and vigorously promoted ETC business? In the eyes of outsiders, this is a good thing, convenient for customers and convenient for travel. How many people know how much pressure the bank staff had during that time.

With reference to the tragedy in Bank of Ningbo, what a great pressure it is.

Compared with mutual fund companies, banks are relatively stable compared with Internet companies.

I still remember that when Internet finance developed vigorously a few years ago, many colleagues joined P2P companies, and they really made more money than banks in previous years. However, in recent years, with the rectification of the P2P industry, it has become illegal to work in P2P companies, and the wages earned are also illegal and must be handed in.

The decrease in income has become a fact. Some time ago, the online banking industry generally reduced its salary. I remember that some banks stood up and denied rumors. Instead of reducing salaries, they carried out salary reforms in accordance with market-oriented development. To put it bluntly, banks earn less and bank employees earn less.

In fact, for grassroots employees, most of the income is not high, and the gap between the rich and the poor is also very large. Take the account manager as an example, the income is affected by the performance, so you can get the performance when you complete the task, and you may lose your salary if you fail to complete the task.

For the account manager of the same bank, some people deposit hundreds of millions of dollars on one phone, while others are too tired to finish the task. In this way, the income gap is very large.

In China, banking is still a relatively profitable industry. Even with various factors, banking is a relatively profitable industry in China. Even in this special period of this year, the overall profit, total capital and year-on-year growth rate of banks are still in the forefront compared with other industries, that is to say, the banking industry is still a highly profitable industry.

Therefore, we can't simply say that the financial industry and the banking industry have failed in recent years, and the inevitable trend of the development of the times is to continue to develop in another way.

Has the financial industry failed in recent years? what do you think?

Financial industry is like the blood of a country's economy. There are only booms and busts, but this is cyclical. Temporary difficulties do not mean that they will not get better in the future.

If you are talking about the banking industry in the financial industry, the performance in recent years is really poor, because:

1: the difference between deposit and loan is reduced, which directly squeezes the profit margin of banks;

2. The channels of direct financing for enterprises are constantly expanding. For example, enterprises bypass banks by listing and issuing bonds, further narrowing the profit channels of banks;

3. Because of the epidemic, China's economic operation has slowed down and bad debts have increased;

4. The growth of residents' deposits began to stagnate, making it more difficult for banks to obtain low-cost funds.

If you mean securities and insurance, the difficulties they encounter are the same, that is

The investment channels are too narrow, the profitability is not strong, and the disadvantages of relying on the weather for food have not been removed. Even if you have money, you can't get satisfactory returns for investors, let alone make considerable profits for yourself.

Personally, I think it is impossible for China's regulatory authorities to keep an eye on risks and protect the domestic financial industry, because no big tree can grow under the tree.

Only by speeding up the opening-up of the financial industry and learning from foreign counterparts can the domestic financial industry obtain broader profit channels and further expand China's financial industry.

At that time, you won't feel that the financial industry is dying.

Most of the financial industry are really ordinary migrant workers.

I remember that when I graduated from the top3 finance major in the Imperial Capital, I felt very young and frivolous. Six or seven years ago, finance was still very popular, and many people made money. I feel that after being killed by thousands of troops, I have already got a high-paying financial ticket, and I am about to get a million-year salary and embark on the peak of my life.

But ... but, as it turns out, students are really easy to fantasize and naive.

It is easy for financial practitioners to make money by speculating wildly in the bubble. More funds and more investment and financing activities will make financial practitioners active and make a lot of money. 10- 15' s 4 trillion big easing is such an easy time to make money.

However, after the rapid expansion of finance, there have been problems such as soaring leverage ratio, being divorced from reality and idling funds. Regulators realized this and started the era of sports deleveraging on 16. Shadow banking, new bank financial management regulations, new asset management regulations, rigid redemption and channel removal are all on the door of financial puffiness, and financial dogs lose their temper.

The core of finance lies in the asset side and the capital side, which correspond to investment and financing, and these two core links are beyond the competence of ordinary people. After the tide, most ordinary employees also found themselves swimming naked. The money they made easily in the past was just a bonus brought by the times or policies. They don't have much skills and are doing a job that may be ordinary. The previous sense of superiority and goodwill basically disappeared.

I sent the above paragraph to many friends in the financial industry, including investment banks, PE, brokerage researchers, fund managers, trust managers and so on. They all feel that this is in line with their feelings. Yes, it is impossible for any industry to maintain excess profits and return to average income. In the past few years, employees in the financial industry have been lucky.

I see my financial colleagues around me are very busy and tired every day, including 996,997, and some compatriots are even on standby 24 hours a day, seven days a week. The money they got in the financial market in the past two years is just so much, but the work intensity and fatigue are great; Or like some jobs are actually extremely boring, except for the decent work, which is very boring.

The so-called capital bosses who guide and reprimand Fang Qiu? There is no such thing. There are only ten provinces in January asking grandpa to tell grandma about the hardships of raising money. Some people are just worried about the yellow project because of numerous regulatory problems. Some just study annual reports and statements in the dark, and still face the helplessness of huge redemption of net value fluctuation funds. ....

There are also many financial practitioners who have a bright surface, but they have been paid less for ten years and can't see the path of rising ... In the long run, the overall per capita salary of finance seems good, but there are not many ordinary migrant workers. It is not an exaggeration to be called a migrant worker. Although I haven't made any money in finance for so many years, after two years of thinking, it's good to reflect on my mentality. How much money I can earn is directly proportional to what I do and what value I create.

Have a good professional attitude. This is an industry that is not much different from ordinary industries, but it is still ok on the whole. Any sense of superiority and high expectations is a sign of being cheated. What we have to do is to do well in the present, seek truth from facts and create as much value as possible. It doesn't matter whether people are migrant workers.

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Above.

I'm Mr. Beckham, the workplace communication center of 200+ financial, consulting, fast-moving and other professionals.

The official WeChat account of the same name: xbcareer, I hope my words can help you find the right direction, get a satisfactory offer, and make your career more stable.

In fact, at the moment when the epidemic broke out, China has become an economic "safe haven" in the eyes of the world.

During the turmoil in the US stock market, many western investment banks called China a "safe haven" for the economy. Judging whether the capital market is stable by the volatility index, we can clearly see the phenomenon that western capital turns to invest in China assets.

China's accelerated financial opening and international economic cooperation have brought huge space for economic growth. In order to cope with and hedge the epidemic, China adopted a flexible and moderate prudent monetary policy combining structural policy tools and inclusive policy tools. At present, there are 300 billion special loans and 500 billion small loans to support agriculture, and policy finance is aimed at manufacturing, export and agriculture, rural areas and farmers. Under the monetary policy tools such as MLF, TMLF and LPR reform, China also has enough policy space to reduce RRR and cut interest rates. Monetary policy and fiscal policy work together to bring timely rain and booster to economic growth after the epidemic.

China is "growing steadily" through deepening reform, and the global financial industry and capital are rapidly pouring into the China market. China's capital market with great growth potential has just set sail, the newly introduced registration system and its supporting reform measures are accelerating, and pension funds are gradually increasing their investment in the stock market. The huge capital market platform attracts funds from home and abroad to make the capital market bigger and stronger.

What you said about the financial industry is too broad. Banks, securities, insurance, funds, trusts, etc. All belong to the financial industry. In addition, some diversified financial companies that have emerged in recent years, such as Internet finance companies, can also be regarded as the financial industry.

It may be helpful for you if I briefly talk about my own experience and the current situation of some friends around me.

I am from the School of Finance. After graduation, he worked in fund companies, banks, mutual fund companies and securities companies. Let me briefly talk about the differences in working environment, working status, income and treatment among companies. Formal fund companies have higher requirements for academic qualifications and majors. If you are looking forward to the development of fund managers, high professionalism and high academic qualifications do not mean that your income is high. It depends on the actual income generated by the products managed by your team. If you are a first-line fund salesperson, the requirements for academic qualifications are relatively low, mainly depending on your personal interpersonal skills and social resources. Generally, people without resources will find it difficult to do this job. Public Offering of Fund has a low threshold, and you have no sales revenue. I mainly talk about private equity funds, which used to be the subscription threshold of 1 10,000. How many ordinary people have this strength, not to mention high-risk investment? Therefore, if people with strong ability and wide resources, their income is not cheap. But every year, many fund companies close down because of poor management and various problems. My company was liquidated and closed down because of a large number of losses in products and self-operated products.

The jobs in banks are different, and the specific conditions of different jobs are different, so are commercial banks and the five major banks. The five major banks give people a real experience of stable work, stable income and complicated interpersonal relationships. I believe everyone can understand this. I mainly want to talk about commercial banks, counters and repetitive work. The work is boring and monotonous, and the income is relatively fixed and stable. Lobby manager, it is hard, dealing with all kinds of people every day, dealing with all kinds of complicated things, handling all kinds of business, having performance indicators and tasks, the pressure will be greater, and the income will fluctuate somewhat compared with the counter. Financial management, divided into ordinary and advanced, mainly serves customers who need financial management and guides them to buy bank financial management, funds, commemorative coins, commemorative banknotes and so on. And sales of wealth management, funds, insurance, precious metals, etc. As long as you have good service and strong communication skills, you can work easily and earn a relatively high income. However, with the impact of various emerging diversified finance in the traditional banking industry, the pressure on bank employees is increasing, and the income is relatively not as good as before, especially in several major state-owned banks.

Securities companies, depending on where you work and what department you work in, different workplaces and jobs are different. The department of the company's headquarters is naturally demanding, and the natural income from education to ability is also considerable. But most people work in sales offices in different provinces and cities. The sales department of big brokerage firms is relatively better. They can have investment research department, wealth department, marketing department, office and so on. Different companies have different names. However, most business departments are not so subdivided, and they are all in the state of full marketing. Your salary depends on how many households you can open, how many assets you have and how much commission you generate. The pressure will be very great, and there will be countless tasks of opening accounts, selling assets and selling products every month. If you do well, your income is also optimistic. In recent years, the country has gradually liberalized the entry of foreign brokers, which still has impact and pressure on domestic brokers. Moreover, the competition in this industry itself is very strong in this province, and there will definitely be a situation of "big fish in eat small fish".

Mutual gold companies, except those who do technology, products and risk control, are mostly front-line marketers with low threshold, hard work and great pressure. Coupled with the fact that they are basically private enterprises, overtime is a common occurrence. If you don't do well, you won't be able to mix for long. If you do well, your income is quite good. But this company has a huge risk, that is, you have to worry about whether this company will run away. As long as there is an important project storm, there may be a domino effect, leading to major problems in the whole company. I think psychological pressure is more unbearable than work pressure.

As for whether the financial industry is dying, different people have different views. No one will say that Wall Street is dying, and no one will say that Silicon Valley is dying.

China's economy is huge, and maintaining a growth rate of 5-6 percentage points is already considerable.

I looked at the performance of India's GDP this year, and found that GDP dropped significantly in the first half of this year to 5.4%. The GDP in the third quarter hasn't come out yet, but it will definitely be less than 6% for the whole year. However, the overall forecast of China this year is 6. 1-6.2%, and the horizontal comparison looks ok.

Originally estimated according to the growth rate of 6%, our GDP will rank first in the world in 2028, and the actual situation is definitely not so optimistic. I will calculate according to the compound growth rate of 5%. After 2035, I feel optimistic, calculated according to the compound growth rate of 4%, until 2044.

God bless China, and the country will be Yongchang.

This question is broader. My personal feeling is not the failure of these years, but the period of shock and rest. There will be another outbreak after the break, especially China A shares. We all know that the index of mainstream countries in the periphery of the United States and Europe has fallen sharply recently, but the decline of A shares is limited. What is the reason? We can make a comparison:

1. Let's take a look at the trend of the US Dow Jones index from 20 16 to now. After 16, the index was around 16000 and closed at 19, with the highest point around 30000. What concept? In just a few years, the growth rate has exceeded 80%, which is really awesome. Generally speaking, it is very stable, and there have been several adjustments in the middle, including during the Sino-US trade war. Although it has an impact, it has been on the rise. After the Spring Festival this year, the global market has changed. The monthly line fell below the June line, and the upward channel fell below.

2. Japan in the Asia-Pacific region has to say that the Japanese economy has been relatively stable since the huge impact of the real estate bubble in the 1990s. The index of 16 15000 points rose by about 60% to 24000 points in 20 19, which was second only to the US dollar index. It is still good to rebound and rise after excessive adjustment in the middle.

3. The Hang Seng Index of China and Hongkong reached the lowest point of about 65,438+09,000 points in 2065,438+08, and the highest point of about 33,000 points, with an increase of about 70%. From 2065,438+09 to now, the channel runs between 24,000 points and 30,000 points.

The lowest level of 4.20 16a shares is 2638 points. Many people think this position is super bottom, but it was broken at the beginning of 20 19, with a minimum of 2440 points. So far, the overall increase is around 9%. This is really a bit speechless. Obviously, the growth rate of GDP is ok. Obviously, everything is relatively stable, and there may be trading points in the middle.

It is not difficult to see from the above indexes that if they are all calculated according to the lowest point of 20 16, the United States, followed by Japan, then the Hang Seng Index, and finally the A shares, that is to say, A shares are currently at the bottom and have not risen at all. Then, if the American index, the Nikkei index and the Hang Seng index are all significantly adjusted, A shares may also be adjusted accordingly, but I don't think it will be too much, because it has not risen at all. Has the financial industry failed in recent years? I think it's ok. At least in a short period of 30 years, A-shares have had two climaxes, with an intermediate span of about 8 years. From 20 15 to 2020, five years have passed. It is estimated that the next bull market will be around 202 1 until 2023, so be confident that the index will still fall even if there is no bull.

"Finance" is a big industry with many categories, which is difficult to sum up in one sentence.

A few years ago, there were many investors who made spot crude oil and silver, but thanks to the money, they all went away. Taking this opportunity, the relevant departments have rectified this kind of financial market and eliminated some "junk companies", resulting in a short "low tide" in the market. There are fewer people who make harassing calls and add VX, which may give us the feeling that our finances are not good.

In fact, since the economic development of China, finance has always been "possible", and there is no time when it is impossible. Today, we can always see the news that "the market value of a company is guaranteed after listing", and China's financial fund-raising ability has never weakened. What is weakened is only the personal investment plate of individual investors "stocks, futures, spot, P2P" and so on. Everything else is fine. Everything is on track.

No, it's about to change.

Financial practitioners in the financial industry will indeed face enormous competitive pressure in the future, mainly in the following aspects:

1- technological changes, such as the rapid development of artificial intelligence, have greatly impacted the intermediary properties of the traditional financial industry, such as the most basic information processing and information analysis in the financial industry. At present, a large number of artificial intelligence systems have begun to replace labor.

2- In the future, with the blessing of technology and information, the speed of economic and social changes will accelerate sharply, and the financial industry needs to respond to the complex environment and the speed of change in time, and technology is the best substitute.

3- Large-scale information automation has replaced labor, which is more accurate and brings greater uncontrollable risks to market fluctuations.