The sponsor representative, a career that was once regarded as an investment bank's “golden rice bowl,” is experiencing continuous staff cuts. According to the latest data, the number of insurance agents has fallen below the 8,000 mark and returned to the level of 2023. “The curtain has only just begun; there is a serious surplus of insurance now.” An investment banker from a small to medium brokerage firm told the Securities Times reporter. The “project shortage” is a clear reality. Currently, the “head to head” phenomenon is still intensifying, and nearly half of Baodai have fallen into the dilemma of “getting out of the pot without rice.” In the first three quarters of this year, the top three brokerage firms also covered 40% of the IPO project share, a record high. Even when there are projects to be done, revenue expectations are constantly being revised. Investment bank fees continue to fall, and systems such as deferred payment, recovery and deduction have been implemented one after another. The departure of insurance agents is no longer an accident, but a structural elimination. The Securities Times reporter learned in an interview that many investment bankers with many years of project experience have a strong sense of changing jobs. They are inquiring about jobs from various sources and are planning to switch to the listed company camp or work in the field of equity investment.

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