Research On The Impact Of Education Level On The Income Of Financial Industry Practitioner

With the continuous development of the financial market,the financial industry has higher and higher requirements for practitioners.Practitioners need to receive high-quality education to improve their professionalism and skills.However,the rising cost of education is also an issue that cannot be ignored.The problem.Therefore,more and more practitioners are beginning to pay attention to how much benefit education investment can bring.Previous studies on the rate of return to education mainly focused on the observation of the average rate of return to education of specific groups.Among them,the research on the rate of return to education of floating population and rural population is mostly,and there are relatively few studies on the rate of return to education of financial industry practitioners.Moreover,most of the previous studies focused on the return on investment in education,ignoring the consideration of the risk of investment in education.This paper focuses on the analysis of the financial industry practitioners’ education return rate and the impact of heterogeneity on it,and explores the dynamic evolution trend of the education return rate.On this basis,it further analyzes the risks of education investment at different stages of education,and combines Investment strategies are used in the analysis of educational investment decisions.The main conclusions of this paper are as follows:First,in the observable samples,the average return to education of financial practitioners is between 7% and 8%,and the return to education of financial practitioners at different income levels is significantly different,and the return to education has obvious differences in positions,industries Differences and regional differences.Second,the return to education of financial practitioners presents an "inverted U"-shaped dynamic change trend at different career stages.Further analysis shows that the evolution trend of the rate of return also has obvious job heterogeneity.Third,the return to education of financial practitioners with different levels of education is significantly different,and the rate of return to education shows a phenomenon of increasing marginal returns as the level of education of practitioners increases.Moreover,financial practitioners have different excess returns on education reinvestment at different stages of education,that is,different marginal returns to education.The marginal rate of return to education for doctoral education is the highest,followed by that for undergraduate education,and the lowest for master’s degree.Financial practitioners have different risks of reinvestment in education at different stages of education.The risk of reinvestment in undergraduate education is the highest,the risk of reinvestment in doctoral education is second,and the risk of reinvestment in master’s education is the lowest.After comprehensively considering the risks and benefits of education reinvestment,it can be found that the information ratio of master’s education reinvestment is the highest,that of doctoral education investment is second,and that of undergraduate education investment is the lowest.Finally,based on the empirical research results,this paper puts forward some suggestions to the government,financial institutions,and financial practitioners on improving the return rate of financial education and narrowing the income gap.