Why are most finance professionals so poorly paid?

The low salary of financial personnel is a "false proposition". Engaged in financial work, some people earn more than a million a year easily, some monthly salary of only three thousand also busy feet, why cause such a big gap? Because in addition to the effort, there are particularly important things, often overlooked.

Tell me about the wages of the financial staff around me

My second aunt is in a third-tier city as an accountant, and this year to retire. She has been doing finance for most of her life, and her current salary is more than four thousand dollars. The second aunt was a workshop worker in a state-owned factory, restructuring, and reorganizing state-owned enterprises in 1998, she was forced to buy out her seniority and be laid off and re-employed, self-taught finance, switched to accounting, working in a private enterprise. She has always complained that doing finance is too tiring and too hard, often working overtime and not earning much money.

When my cousin's college entrance examination, my second aunt was heartily reluctant to let my cousin enroll in the financial profession, accounting, auditing, and so on, do not want to let my cousin take their old road, hard work, and a lifetime of financial personnel. But who knows by mistake, a cousin was finally admitted to a 985 university in Beijing, although the application is a journalism major because the score is not enough, was transferred to the accounting major.

She is a very hard-working person, who got a scholarship when she was in college got an offer from the Big Four after graduation, and worked her way up from an ordinary "audit dog" in Beijing. According to the Big Four promotion path: auditor for two years, senior auditor for three years, and after five years, the 27-year-old cousin was successfully promoted to audit manager, with an annual salary of 400,000 +. A year of income to catch up with the second aunt's salary for ten years.

My husband's niece is a second-year graduate from a third-tier city, studying accounting and working in her hometown after graduation. The niece said in their hometown such as a third-tier city, the financial salary is only two or three thousand, and we are slowly mixing qualifications and accounting titles. Slowly accumulating experience, the salary will also increase. She said she felt that financing other occupations low wages, and even treatment and front desk administration is a level. If a company is hiring an accountant, the people who come to interview for the job have to wait in a big line. If you want to get into an accounting firm, you have to do everything you can plus all kinds of connections.

She went to a company interview, and personally heard the personnel manager and her subordinates say: "You tell that disobedient accountant in the finance department, to be honest, do not want to do it and leave, see how many people here waiting to apply for jobs!" The niece said her classmates have to go to the provincial capital city to work, just graduated to do finance is only three thousand dollars, excluding the rent and food, there is no money left.

There is a supply and demand relationship in the talent market. After all, this is also a market. In a reasonable range, the same ability of people, of course, is cheaper people more economical company costs. My niece said that when she was looking for a job interview, there were still a large number of humanities colleges and physics majors who came to grab a job with her. Of course, after four years of studying finance, my niece certainly has an advantage over non-finance majors. But it's so visible that the competition is fierce, it's too much volume. The niece said interviewed a listed company, a monthly salary of 2800 yuan to work in Tianjin, audit positions, and then did not dare to go, afraid that this salary can not live down. Finance graduate students looking for work, who are physically and mentally exhausted.

Do finance practitioners have really low wages?

The educational background of finance professionals is uneven, overseas famous schools returned to China, domestic 985 & 211 students, second and third graduates, and college students, adult correspondence courses, self-study students, and so on. The field of finance covers different levels of positions: CFO of listed companies, audit dogs of the Big Four, financial managers of foreign companies, private companies, financial supervisors, all kinds of accountants, cashiers, and so on.

Finance is a very professional job. However, compared with other professional work, finance seems to have a low entry barrier, and a lot of repetitive work needs to be done by people without high education and professional background. At the same time, financial work is more emphasis on practical experience and the ability to deal with people's communication, not everyone can do a good job, can be developed.

For example, the cashier to accounting is a hurdle, depending on how you choose, you can start looking for accounting work, but have to eat a lot of suffering, the suffering is not the work content, and communication, the financial position itself to offend people, take the blame. How to communicate, effective communication is a financial people must have the skills. Because the professional can learn through the course, will not be able to ask others, but the communication piece, not everyone has, why some accountants have high wages, experience is one hand, while on the other hand to be able to talk, she can do how many things, through effective communication, so that the leadership appreciation, so the ability to communicate is very important, effective communication can not be less. Try to avoid eating communication losses, ability and experience can make up, only speaking is a skill.

The CFO position is not for everyone. The threshold for entry into finance is very low. However, to become the industry's TOP kind of person, you need to have the accumulation of professional knowledge, experience, a rich network, diligence, and down-to-earth, which not everyone can reach. But the overall financial income is not lower than other positions.

The world is full of leverage, the same ability to do the same work, wages may be different or even very different, strength is only part of the industry, professional, the general situation, the country region, etc. are a combination of factors that affect wages, only emphasize has been strengthening professional knowledge to improve business skills without mentioning to improve the vision to analyze the current situation is another kind of laziness.

From the recruiter, the financial staff from low to high will have so many layers.

Don't make mistakes

Down-to-earth capable, obedient, meticulous

strong professional knowledge, down-to-earth and practical, work according to the system and the existing structure to complete the basic work

Strong professional knowledge, strong learning ability, capability and willingness to work, and able to complete various special tasks in the work

Strong professional knowledge, strong application ability, rich practical experience, able to socialize, manage, and lead a team

Finance staff how to find a good job

To do financial work, the platform is very important, that is, the size and brand of the company. Can have the opportunity to go to a large company to do finance. In addition, mastering English skills will let you see the bigger world. A certificate with gold content will add to your background.

1、To work for a big company

Small companies can say that there is no room for promotion. And large companies have a finer division of labor and more room for advancement. Even if you reach the ceiling, it is easier to jump to other large companies, and then not to jump to small and medium-sized enterprises to do management. A small jump to a big is very difficult, but a big jump to a small is much easier, just like the pyramid, when you are at a high level to low-level choice is not more? Although small companies learn many aspects of financial knowledge, but not comprehensive and imperfect, and informal. Large companies are more conducive to the establishment of financial thinking, with a sound formal understanding.

2、To improve English skills

English as a language skill seems to have nothing to do with finance, but it is not. You may not need English if you are in a small company. But by the time you want to move up to a higher level, you will find that English is a threshold. And language needs to be built up over time, not improvised. So, English ability is a plus to doing well in finance. Especially in foreign companies, and accounting firms to work, you do not have English skills and simply can not communicate.

3, try to get the certificate that should be taken down

CPA is a certificate with high gold content. A CPA certificate is a good door knocker, at least you can find a decent job. Although the work depends on the ability, many earth accountants have little education, as usual, to do a beautiful account. But when you develop to a certain level, you will find that a gold certificate will add a lot of points to your background, but also let others add a few points of admiration and admiration.