For terminal students … Farewell to the Banking specialization?

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Reda Sawaya wrote in the newspaper “Al-Akhbar” under the headline “Working in banks no longer attracts students: Farewell to banking specialization”: “The rapid collapse of the banking sector and the seizure of depositors’ money by banks not only reflected a loss of confidence by customers in this sector, but also a decline in His attractiveness to Lebanese students who were flocking in hundreds every year to banks in the hope of finding a job. The belief was always that it is a guarantee for a stable and secure career in a country that lives in the shadow of the turmoil, also affected by a “holy” narrative in Lebanese political and economic literature, which has fueled it A media system revolves around the banks ’astronomy, on the immunity and stability of this sector, and one of the results of this narrative, which was dug deeply in the awareness of the Lebanese people, was represented by adding expressions such as“ banks ”and“ banking ”and others to the jurisdiction of finance or financial sciences, which is something unique to universities in Lebanon The name approved in most international universities, as in the United States and Britain, for example, is limited to Finance and not Banking and Finance, since banking science is only a subject taught within the field of “finance”, The most comprehensive and broadest.

This propaganda has raised awareness of the Lebanese students to a large extent, despite the risks that were beginning to head down years ago, especially since the beginning of 2017, with the increase in interest rates. However, the bright offers remained stronger than the scientific data for many people. Work in the banking sector after graduation remained their first goal, despite the fact that the salary of the new employee was not more than a million pounds.

As of the end of 2018, the number of workers in the banking sector, according to the Association of Banks (before the wave of exchange that affected and still hundreds of employees, accelerated after October 17), 25,908 employees, 80% of whom have university degrees, the majority of whom are young Under 40 years (64.6% of females and 55.5% of males). Work in the bank has always been a fast transit bridge from celibacy to marriage (the percentage of singles is 36.5% of all workers in the sector at the end of 2018), given the benefits that this “job” provides, such as health insurance, scholarships, marriage and childbirth grants, in addition to an annual salary that is divided 16 months and more. ”To read the full article Press here.





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