Data from iBanker’s dark days shows that it’s better to switch to another bank!

2024-03-26 04:09:15

Recently, foreign media reported that an iBanker has been unemployed for 17 months. He has to pay 60,000 yuan in rent every month and the education expenses of millions of children every year, plus other living expenses, which puts great financial pressure on him. (EschCollection via Getty Images)

The IPO market in Hong Kong has been relatively sluggish in recent years, causing many investment banks iBankers to lose their jobs. However, there is an industry that has always been in great demand, and changing tracks may be a better way out.

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iBanker’s unemployment for 17 months has become a hot topic

It is difficult that the amount of funds raised in the Hong Kong IPO market last year hit a ten-year low of HK$46.2 billion. The number and scale of transactions were insufficient, which greatly reduced industry demand. In addition, the overall stock market and capital market were relatively quiet, which caused many investment banks to reduce their operations. Manpower pressure.

Recently, foreign media reported that an iBanker has been unemployed for 17 months. He has to pay 60,000 yuan in monthly rent and education expenses for millions of children every year. Plus other living expenses, the financial pressure is great. Recently, foreign media reported that an iBanker has been unemployed. For 17 months, I had to pay rent of 60,000 yuan per month and education expenses for millions of children every year. Plus other living expenses, the financial pressure was very high. Unemployed iBankers are also worried that the industry has not yet reached its bottom, and they are afraid that it will be difficult to find a job similar to before. The financial industry’s difficulty in finding money has become a hot topic.

The financial and insurance industry ranks second in making money

In this case, what should I choose if I change tracks? According to the results of the annual statistical survey on income and working hours in 2023 released by the Census and Statistics Department, from May to June 2023, by industry, the highest income was in education and public administration (excluding the government), with a median salary of NT$31,800. , Finance and Insurance ranked second, with a median salary of 31,600 yuan. As for the overall median monthly salary of local employees, it is HK$19,800, which is 3.5% higher than the median of HK$19,100 from May to June 2022.

The median salary in finance and insurance is 31,600 yuan, which should be far different from the income of iBanker. However, sometimes when the environment changes, we have to face reality, so if you have been unable to find your previous job for a long time and want to continue to stay in the financial industry , wage expectations may need to be adjusted.

Judging from the median salary of the industry, education and public administration (excluding government) earn the highest salaries, and there is a lot of room for development, especially education-related industries with great potential. (PonyWang via Getty Images)

In addition, judging from the median salary of the industry, education and public administration (excluding government) have the highest incomes, and there is a lot of room for development, especially education-related industries with great potential. According to data from the Immigration Department, from the end of December 2022 to February this year, Gao Caitong has approved nearly 59,000 applications, and the number of approved dependents has exceeded 61,000. Nearly 44,000 talented people have arrived in Hong Kong, and the number of dependents arriving in Hong Kong is even greater, exceeding 46,000, of whom 27,000 are unmarried children under the age of 18.

Gao Caitong is a group of high-income or high-educated talents. They and their children also have great needs for education. Naturally, the demand for education and further education consultation is also high. Therefore, if you want to switch from the financial industry to a track education, it is worth considering. But of course, how much money you can make depends on how you catch the trend. For example, many employees in the insurance industry have very low incomes, but many also have an annual salary of one million yuan. above.

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