The dream of banking students
Finishing the Hanoi Foreign Trade
University in 2011, one of the most reputable schools in Vietnam, Vu Duc Hai
immediately got the job as a credit officer for a big bank headquartered in
Hanoi.
After a short time of working
there, Hai resigned from the post for some personal reasons, believing that he
would be able to easily find a good job when he returns to work.
However, Hai was wrong. He has
been refused by many commercial banks, including the small ones, even though
Hai has working experience and the bachelor degree granted by a reputable
school in Vietnam.
“You could easily find a good job
in the years 2011 and earlier, if you have a university degree and good soft
skills. However, things have become quite different now,” Hai said.
In general, employers would
prefer the candidates who graduate from foreign universities, because they
believe that the candidates have good knowledge and necessary skills they can
receive from the foreign dynamic learning environments. However, even the
brilliant candidates also cannot find jobs nowadays.
Pham Tien Dung, who returned to
Vietnam three years ago from the UK with a master degree after finishing a
self-funded training course, complained that it was so difficult to find a job
in Vietnam.
Dung applied for a post at
Vietinbank, one of the biggest commercial banks in Vietnam, but he was told
that the bank did not intend to employ more workers at that moment. However,
Dung was lucky enough when finding a job at Maritime Bank after six months of
trying so hard to look for jobs.
Dung has noted that while banks
do not intend to employ new workers now in the context of economic
difficulties, and some of them have even laid off workers. The number of
students graduating finance and banking schools has been increasing rapidly.
The oversupply of banking major
students is the result of the unreasonable labor force investment policy. Some
years ago, students rushed to register study at banking and finance schools
after realizing the high demand in the society. Schools then also expanded the
training scale in order to satisfy the increasing demand.
This has certainly led to the
redundancy of banking major students. Meanwhile, the problem has become more
serious in the context of the economic downturn, when banks try to cut down
expenses by laying off workers.
Hong Han, a third year student of
the HCM City Banking University, said that the banking sector has fallen into
decay as the result of the bad corporate governance. Therefore, banking
majoring students nowadays don’t have many job opportunities.
Non-banking schools also enroll students for banking faculty
According to To Ngoc Hung,
Director of the Banking Academy, the academy enrolls 2300 students for five
main training majors. This includes 1200-1400 students for the finance and
banking majors.
Hung has noted that due to the
miscalculation, the universities, which do not specialize in finance and
banking training, have also enrolled students for the majors in big quantities.
The inexperienced schools still provide training services, because this can
bring them more money.
“Technology and multidisciplinary
schools also rush to produce the graduates majoring in banking and finance,”
Hung said, “though the graduates from prestigious schools like Banking Academy
and Economics University can find jobs more easily than others.”
Tien Phong
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