Free Web NovelChapter 643: Chapter 306: Work Deployment, President Jiang Is Magnanimous
Beijing Pingchang District.
Industrial Bank Longze Branch, Vice President’s Office.
"Xiao Fang, this is a very rare opportunity, I hope you can seize it."
"Although meeting the monthly targets sounds difficult, it actually isn’t."
"If it really doesn’t work, gather some from friends and relatives around you, and you can still manage a part of it."
"As long as you meet the targets for three consecutive months, you can transfer to the Wealth Management Department." freewebnøvel.coɱ
"You should know that the salaries for colleagues in the Wealth Management Department are much higher than those in your Service Department." fɾeeweɓnѳveɭ.com
"Work hard, I have high hopes for you."
Vice President Ren Jianjun looked at Fang Qi standing in front of the desk, a kindly smile on his face.
Ren Jianjun’s daughter is about the same age as Fang Qi, but she has already moved abroad to celebrate the new year, spending only a few days in the country in a year.
Fang Qi has been transferred to the branch for more than two months now and has been doing commendable work, diligent and responsible.
Ren Jianjun noticed all this and had the intention to mentor this young woman.
Of course, although he provided the opportunity to Fang Qi, whether she can seize it depends on her own abilities.
At Longze Branch, the basic salary in the Wealth Management Department is 7,000 RMB per month, with a 1.5% performance commission.
Monthly performance must reach at least 600,000 RMB to meet the standard.
That is to say, selling at least 600,000 RMB worth of financial products per month is required to meet the department’s minimum requirement.
If you fail to meet the targets for two consecutive months, a part of the bonus and performance pay is deducted.
If you fail for three consecutive months, it indicates your business capability does not meet the department’s demands, and you will be transferred to another department.
The reason Fang Qi now has a chance to intern in the Wealth Management Department is that an employee was transferred to another department after failing to meet targets for three consecutive months.
"Thank you, Chairman Ren, for giving me this opportunity, I will surely work hard and strive not to disappoint your high expectations!"
Fang Qi also knew this was a very rare opportunity and thanked Ren Jianjun sincerely.
But...
Thinking about the monthly target of 600,000 RMB.
While happy, Fang Qi also felt an immense headache.
In some web novels about super-rich protagonists, 600,000 RMB isn’t even enough to buy a watch or a car.
But in reality, selling 600,000 RMB worth of financial products every month is quite challenging!
Due to various historical reasons.
When people talk about bank financial products, they feel they are scams to swindle old people’s pension money, thinking they are unreliable.
Ordinary people have little concept of finance and are unwilling to take risks, mostly preferring to deposit money in banks for interest.
The interest on large-denomination deposits in the Savings Department is quite good, and it’s a guaranteed return without any risk.
Isn’t it better to buy large-denomination deposits?
Why risk buying your financial products?
Therefore, to meet the department’s sales targets, it’s really difficult without several high-net-worth customers or friends and relatives.
Some wealth managers, to complete the monthly tasks, even resort to selling their charm.
At Longze Branch, the top salesperson is known secretly to have ambiguous relationships with several customers.
Fang Qi stayed in Ren Jianjun’s office until about 10 o’clock before going out to her new office.
Sitting at her new desk, Fang Qi took out a stack of documents to familiarize herself with several wealth management products sold by her department.
The risk levels of these products range from R1 to R5.
Corresponding to cautious, stable, balanced, aggressive, and radical types respectively.
The lower the risk of the financial product, the lower the hold returns, and thus the lower the commission Fang Qi could earn.
The higher the risk of the financial product, the higher the hold returns, and thus the higher the commission Fang Qi could earn.
As a veteran employee who has worked in the bank for six or seven years, Fang Qi is well aware of the tricks in bank financial products.
The returns marked on these financial products are much higher than fixed deposits but are idealized and estimated returns.
The final actual returns depend on the final profit at hand.
One financial product shows an annualized return between 4% and 7%,
but the actual return might only be 2% or even lower!
There is also a very small probability of negative returns, meaning a loss.
Such situations are rare but no one can guarantee there won’t be any loss.
Even those financial products branded as stable carry the risk of loss.
"The performance of 600,000 RMB..."
"Mom and dad’s pension money, if possible, should remain untouched."
Even Fang Qi is not that confident in her bank’s financial products.
Her parents’ savings have always been in a 5-year term large-denomination deposit, and it’s only the third year.
If she withdraws that money to boost her performance, the loss would be quite significant.
In the first half of the month, Fang Qi prefers to complete the sales tasks through her efforts.
If she wants to stay in this department for long, she can’t always rely on her parents’ support.
Suddenly, the figure of her brother-in-law who came to the bank for business yesterday popped into Fang Qi’s mind.
"Lili’s husband seems quite capable!"
"If I could get some performance from him..."
Fang Qi thought of Jiang Tao and the LV casual attire he wore yesterday, and her eyes suddenly lit up.
After Jiang Tao left yesterday, Fang Qi secretly searched for the same outfit on her phone.
A set of clothes and shoes cost more than 50,000 RMB!
An ordinary person’s savings for a year of work wouldn’t be enough to buy that outfit.
Jiang Tao is the most typical high-net-worth individual within the banking system!
However...
Upon thinking further, Fang Qi felt a little apprehensive.
She was only close to Xu Li when she was young.
