It has always been said that the brokerage involution is the most serious.
From following up hot searches to 24 hours **, the company's leaders gave pressure, and now the pressure of involution cannot even escape the Xi students.
In order not to be eliminated from the workplace, all kinds of efforts and all kinds of involution have become a normal phenomenon in the financial workplace.
Brokerage research institutes all require crazy work, crazy distribution, and can't wait to do a roadshow every day, which is the inevitable reason why workers in the workplace are crazy.
I would like to call this the "new volume law" of contemporary brokers, does this mean that it is more and more volume, more and more difficult?
First, the securities research institute began to roll the Xi students
When I saw this picture, I was shocked!
What the hell?The workplace has begun to rectify the Xi students?
Xi students have to roll up the working hours, and even make a ranking list, less than 8 hours to be talked to, can not increase the working hours to be discouraged.
More than 5 hours of direct disqualification from the Xi.
In this year, even the working hours of Xi students have to be rolled in, and it is not enough to find Xi, and it is very likely that the working hours will not meet the standards and be disqualified from Xi.
Now the Xi students are too miserable, roll education, roll ability, to the roll working hours, and only Xi students, not to say that they have become regular employees.
I always knew that the securities research institute was more rolled, but I didn't expect it to be involved in the Xi students, and the working hours were not enough to waste departmental resources.
If I said that before I entered the industry, I had to work more than 12 hours a day just Xi, and I thought that my work would be like this in the future, I was directly persuaded to quit.
If there is a real chance of retention, there may be a roll, nothing, not many people want to roll like this, right?
The real Xi is originally a cheap and easy to use coolie, and if you add the working hours, this is a donkey that pulls the mill, a camel that travels, and a horse that delivers letters......Anyway, I can't be a human being.
Second, the brokerage research institute has always been the habitat of involution
In other words, the brokerage research institute has always been the habitat of involution, seriously, if you want to talk about volume, who can roll up to researchers, especially sell-side researchers.
1. Hot search hot current affairs, follow up opinions
Sell-side researchers keep up with the market and notify buy-side researchers as soon as there is a major event.
This timeliness is crucial because the financial markets change extremely quickly, and missing out on critical information can lead to significant losses.
Sell-side researchers communicate up-to-date information to buyers through **, reports, and other mediums to help them understand market trends and company movements.
Therefore, when something hot happens, the seller is the busiest, and no matter what is in hand, the most important thing is to edit the idea and send it to the buyer.
It's the same as the marketing account to catch up with the hot search, and the main thing is who is the fastest.
At the current speed of hot searches, it is really necessary to be ** all the time, to put it bluntly, there is a hot search in the middle of the night, and you have to get up to make a point of view if you don't sleep, and you may be called up if you fall asleep.
2. **Weekly annual report, no report
Research reports are basic work, and there are two types of research reports.
One is the company research report written after the survey, and the other is the regular research report.
In order to become an excellent sell-side researcher, the report must be systematic, that is, regularly write industry reports, in-depth reports, tracking reports, etc., and the thematic research must be systematic and complete, while pursuing the superposition effect of the report.
Excellent reports are not written casually, they must reflect the characteristics of professionalism, timeliness, innovation, continuity and so on.
Specifically, the most common research reports are periodic reports or event review reports, which are generally comments on the company's quarterly, semi-annual, annual and key announcements, which are composed of events, opinions and earnings**, and are shorter.
Although it is said that the ** weekly annual report is not reported, the researcher is not only the work of research reports.
There is also a roadshow, which is an activity that shows the research results to Party A's father, which is called a roadshow.
Now that the industry is involuted, the frequency of roadshows has increased much more than before.
As the picture says, I can't wait to do a roadshow every day.
In the roadshow, they need to prepare beautiful PPTs and then share their research results.
There is also a strategy meeting, which is much less than the roadshow, but there are still more types.
Some of the types of strategy meetings are large-scale quarterly or annual strategy meetings, which last for several days, like a grand investment feast. Some are temporary, such as when there is a major change in national policy, the brokerage research department will quickly hold a strategy meeting to release relevant views and investment strategies.
Generally speaking, there is usually a strategy meeting at the end of each quarter, and there are four times a year, which are spring, mid-year, fall, and year-end.
However, these meetings are not limited to the end of the quarter or the end of the year. There may be a special strategy meeting every month, such as a new energy strategy meeting, an AI strategy meeting, in short, they will seize every opportunity to have a meeting.
In fact, the work of sell-side researchers is not only research reports, roadshows, strategy meetings, but also research, data analysis, etc., they have to spend time to understand the company in-depth, communicate with various people, and obtain accurate information.
At the same time, they also need to conduct data analysis to find out the patterns and trends in order to provide accurate investment advice to investors.
Just look at it this way, who can get through it?Compete in the comments.
Third, it is too difficult to practice and retain Xi in these years
1. Outstanding academic qualifications and abilities
As an analyst and industry prospect in the secondary market, the researcher profession has relatively high requirements for academic qualifications, and on the whole, a master's degree is the threshold for entering the industry, and some positions will even require a doctoral degree.
Most of the requirements are at least 985 211 or above, or even graduates from the top universities.
According to the requirements of the total group and the industry group, the background requirements of these two types of industry research are quite different.
The total group is mainly dominated by PhDs in the research institutes of large brokerages, among which the macro and strategy are mainly based on orthodox economics and financial backgrounds, while financial engineering prefers candidates with a good mathematical foundation and a solid foundation in finance such as mathematics and computers.
In contrast, the researchers in the industry group prefer master's degree requirements, but the requirements for majors are more stringent, and the professional background prefers talents from related industry majors.
If you want to become a qualified researcher, you must have basic financial knowledge, such as microeconomics, macroeconomics, financial measurement and pricing, fixed income analysis, investment, market operation mechanism, etc.
The depth of financial knowledge and the ability to combine theory and practice determine the depth of thought in the report.
Researchers need to deal with a large number of financial statements in their daily work, so mastering the rules for formulating financial statements and colluding relationships is the most basic skill.
In addition, researchers also need to have relevant skills such as financial ratio calculation and understanding, trend analysis of financial data, company valuation, and identification of financial data fraud. Mastering the knowledge of financial accounting will make your research more powerful.
In general, financial and accounting knowledge is the basis of analysis, and if you don't grasp it well, everything is just nothing.
2. The duration and attitude should be significant
Originally, as long as the academic background and ability, now the working hours are included in the scope of the assessment.
This is even more difficult if you want to get through the Xi retention.
You must know that the institute mainly recruits people through long-term Xi retention and defense assessment.
For fresh graduates, the best way to enter the brokerage research institute is to retain Xi, many brokerages actually have a great demand for Xi students, and the formal staff establishment of each industry group is limited.
The seller's workload is infinite, and many research institutes have perennial Xi demand in various industries, and often the requirements for Xi students are not particularly high: writing skills and educational background are no problem, hard-working, and ensure that the Xi time is relatively long.
The seller does not have a formal summer school recruitment (although it is often promoted by the heat), but in most cases, it is still a system that Xi long enough time to write an in-depth report and apply for defense, which has continued for many years.
Most institutes have a fixed time for their own defense. (So what many institutions actually say is that they can be retained, which is just a chance to push you to defend).
The sell-side research institute is indeed a situation of fewer formal employees + more Xi students, so at present, most students will actually choose the real Xi of the sell-side researcher as the starting foundation, but considering the difficulty of retention, relatively few students have been willing to Xi in the seller after having practical Xi experience (unless the academic qualifications and abilities are very outstanding).
3. In the era of involution, no one dares to stop
Financial practitioners simply don't miss an opportunity to make their profession known to the general public.
This has become a characteristic of financial people, who want to obtain opportunities, resources, and make money, and take the initiative to not let go of any of them.
In the financial industry, I am also very afraid that I will be eliminated, because they are all a group of highly educated and high-IQ volume kings, and you have no idea how desperate everyone is.
Now the Xi students are going to be forced to roll up.
Therefore, every financial person wants to establish their own big IP, so seizing a relatively large hot spot, crazy rubbing hot spots, and marketing themselves is actually what many financial people are doing now.
In the financial industry, the task of learning Xi and research never stops, and it is necessary to maintain vigilance and professionalism at all times.
This is because market changes and risks exist at any time, and only with sufficient professionalism and adaptability can we be invincible in the fierce market competition.
Therefore, financiers will constantly learn and update their knowledge Xi to maintain their competitiveness and leading position.
Because there are always some children who come to me and ask me if there is a job to enter the industry, it is easier and not so hard.
I'll be honest, no, there's no easy job.
You may want to say that it is not so rolled, the opportunity is so few, if you don't fight for it, others will take it.
So don't think about the work that can be easily laid flat, many people have been thinking about how to develop a side hustle, you still want to lie flat, although it is said that lying flat is cool for a while, and it has been cool to lie flat, but can you ensure that your mood is cool?
In the financial industry and the law firm industry, whether they are doing sales jobs or not, they are all making a name for themselves outside and actively expanding their business, which is hoping that they will do better and more professional in an industry.
Now this era is no longer the era of our parents, looking for a job has been from the beginning to retirement, now it is a market economy, and if it doesn't work, it will be eliminated.
The times are advancing, practitioners are also advancing, and everyone must take the initiative to find opportunities to make themselves better and better.