According to some experts, the large number of students enrolling in finance and banking courses will soon cause a scarcity of jobs in the field.
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| Race for jobs in banking and finance (illustrative photo) |
The number has reduced 14% compare to 37% last year.
Tom Nguyen, Head of Legal of Standard Chartered Bank in Vietnam, Cambodia and Laos said “The outlook for finance and banking sectors is quite gloomy at the moment. This is the reason that the number of students searching for careers those fields has declined, not only in Vietnam, but also in the U.S. and Europe."
Rosemary Gosling, Director of University of London International Programmes, however, said, "Students who graduate with degrees in finance and banking have more options than in strictly those sectors. She said that graduates should keep an open mind while searching for jobs, because other fields, such as insurance, are in demand of human resources."
Gosling makes a clear differentiation between finance and banking, and says that students must know, before choosing their majors, the skills needed for any given profession, albeit retail banking, market research, analysis or investment banking.
Tom noted that the promise of a large income is what attracts most students to enroll in financial and banking departments, adding, "Students should be aware of the actual situation, and assess whether their skills are actually suitable for the field."
Pham Vu Luan, Minister of Education and Training, said the ministry will research the most effective way to find an equilibrium in training the workforce of the future for all sectors.
“We will work with Ministry of Finance to better understand the country's actual human resource needs vis-a-vis the number of students studying in each field. The results will be announced publicly and used as a basis for recruitment and enrollment quotas. Another important goal is to enhance cooperation between the educational institutions and the private sector," he said.
