Wudaokou -- -
Graduate Department of the People's Bank of China
1. School Introduction
The Graduate Department of the People's Bank of China was established in 1981 At the beginning of reform and opening up, the financial industry was in desperate need of development. Under the leadership of the People's Bank of China and the strong support of commercial banks and financial institutions, our school was founded. Because it is located in Wudaokou, Haidian District, Beijing, everyone affectionately calls her Wudaokou. In the past 20 years, more than 800 masters and nearly 50 doctoral students have graduated from here, all over China's financial industry. Today, "Daokou people" have become a unique scenery in the financial industry.
When the school was first established, the area around Dongsheng Commune, where the graduate department was located, was still a wilderness. At that time, the teaching facilities were all rented and the school buildings were very crude. A two-story I-shaped red brick building was originally the newly built outpatient department and inpatient department of Dongsheng Commune Health Center purchased by the People's Bank of China Financial Cadre Training Institute. The Graduate School of the People's Bank of China rented more than a dozen rooms from it to use as classrooms. and student dormitories. At that time, the school did not have computers, not many books, and only one car, which was used exclusively to pick up and drop off teachers. The school leaders and faculty all commuted to and from work by bus. It is in this environment that the Graduate Department of the People's Bank of China, together with many students, has been baptized in cold windows and smelted in humble rooms since their infancy.
Although the Graduate School of the People's Bank of China is an institution of higher learning of the People's Bank of China, the teaching environment has been so crude for a long time in the past. But people cannot be judged by appearance, and sea water cannot be measured. "Wudaokou", this seemingly shabby "thatched nest", is actually a "nest" filled with "golden eggs". Over the past 20 years, batches of financial talents have walked out of the school. Actively engage in the financial front and promote the reform of my country’s financial system. "Wudaokou" is like a magnet, attracting students from all over the country who are interested in financial careers; it is also like a melting pot, where all graduates of finance majors from universities or non-majors are melted into high-level financial professionals.
Today, Wudaokou has a new look. It has built a school building complex consisting of four parts: teaching building, library, dormitory building and comprehensive service building. It also has a basketball court, There are volleyball and tennis courts, "multi-functional" sports grounds, as well as a completely free gym and table tennis room. The student dormitories are all three-star standard rooms, which are very comfortable. The hardware facilities have improved, and Wudaokou people will continue to uphold the hard-working style of their predecessors and build a more brilliant future in the hot land of Wudaokou.
In the eyes of outsiders, the graduate department’s outstanding achievements are somewhat mysterious and unattainable because of its low-key style. Some people call it the "Whampoa Military Academy" in the financial world. Others call it the "Whampoa Military Academy" in the financial world. Compare her to America's Harvard Business School. "In the United States, obtaining a Harvard MBA is considered a passport to success in the business world. In China, this passport is a degree certificate from the Graduate School of the People's Bank of China." Hong Kong's South China Morning Post reported that she worked in China Finance A true portrayal of his status in the world.
II. Professional Curriculum
Master’s degree students in the Graduate School are all majoring in finance, with four research directions: money and banking, international finance, securities investment and insurance. . The basic courses of the four directions are the same, but there are differences in the setting of individual professional courses to reflect the characteristics of each research direction. The Graduate Department is adjacent to Tsinghua University to the north and Peking University to the west. "The love of Tsinghua University is felt in the north, and the style of Yanyuan Garden is inherited in the west." Taking advantage of the convenient geographical conditions, the Graduate School maintains close ties with Peking University, Tsinghua University and other universities in terms of teaching and scientific research.
The curriculum of the Graduate School is reasonable. It not only keeps up with the latest international practice and theoretical situation, but also fully reflects the direction of China’s economic and financial reform. It is not only in line with international practice, but also fully considers Chinese characteristics. . In September 1995, the Graduate School implemented a new teaching reform plan, fully estimating the direction of China's finance in the next few years, and relying on the World Bank's technical assistance project to integrate courses such as financial engineering, acquisitions and mergers, investment science, and corporate finance. Incorporate teaching content to meet the needs of future Chinese policy analysts and managers.
In October 2000, in order to meet the needs of my country's financial system reform and keep up with the general trend of world financial innovation, the Degree Committee of the Graduate School established a special group to study and guide the curriculum reform of the Graduate School.
3. Teaching Characteristics
In the past twenty years, "Wudaokou" has experienced a development process from unconsciousness to consciousness in cultivating applied graduate students in finance. Completely open education is the biggest feature of the Graduate School of the People's Bank of China. The system of external appointment of tutors, external appointment of professors and the "walking on two legs" system all reflect the flavor of "openness".
External tutor system. The Graduate School has always adhered to a pragmatic style and has a unique tutor system. It employs a large number of experts and scholars with rich practical experience as tutors. They are knowledgeable and experienced, and have deep feelings about China and even international economic and financial issues that are consistent with China's reality. , truly teaches and educates people. Since the establishment of the school, the master's degree students and doctoral supervisors hired by the Graduate School of the People's Bank of China are basically outstanding figures in the financial field. Among the tutors of the graduate department, about 40 are from the People's Bank of China system, and 60 are from financial regulatory authorities such as the China Securities Regulatory Commission and the China Insurance Regulatory Commission, as well as financial institutions such as policy banks, commercial banks, securities companies, stock exchanges, and insurance companies. This system was not understood by colleges and universities in the 1980s, but by the second half of the 1990s it had become a commonly used method in many universities.
External recruitment system for teachers. Inviting well-known experts and professors at home and abroad to teach at the school and learning from the best of others is another major feature of Wudaokou School. Traditional university teachers are teachers who teach in the university, receive a salary, enjoy benefits, and are registered as teachers. However, the PBC Graduate School adopts a teacher evaluation system. The teacher evaluation system is to conduct a comprehensive evaluation of the teachers hired every year, decide whether to continue to employ them based on their teaching performance and student feedback, and make appropriate adjustments to teachers based on the development of the times and changes in curriculum. Over the past two decades, in addition to employing famous professors from Peking University and Renmin University of China as academic consultants, the Graduate School has provided domestic professors for basic theory and tools courses mainly from Peking University, Tsinghua University, Renmin University of China, Party School of the Central Committee, School of International Relations, etc. school. Recruiting from outside rather than fixed positions ensures the flexibility and high quality of teachers’ teaching.
The recruitment of foreign professors is an important part of the external recruitment system. Since its establishment in 1981, the Graduate School of the People's Bank of China has adhered to the policy of open education and continuously hired experts, scholars and professors from abroad to give lectures at the school. Over the past two decades, the foreign experts, scholars and professors standing on the podium of the Graduate School include internationally renowned professors and senior executives of large financial institutions. In addition, taking advantage of the large number of foreign-funded banks in Beijing, representatives of foreign-funded banks in Beijing are often invited to the school to introduce the banking systems and businesses of various countries. Now, every semester there are at least two professional courses taught in English by foreign university professors, using the latest edition of foreign textbooks and using the latest international cases, so that students’ knowledge level and knowledge structure are directly in line with international standards, which not only broadens students’ thinking, Improved foreign language skills.
"Walking on two legs" system. The purpose and development direction of the Graduate School is to combine degree education with the training of high-level cadres in the financial industry, and implement the school-running policy of "walking on two legs". On the one hand, it cultivates applied master's and doctoral students, and on the other hand, it trains students for the financial system. Professional cadres. These two aspects of work have "complementary advantages". Studying together with training cadres with rich practical experience will help graduate students increase their understanding of practical work, which is consistent with the goal of cultivating applied talents by the Graduate Department; training personnel are closely related to Excellent students selected through rigorous examinations can also improve by studying and communicating together. The training of the Graduate Department includes domestic, international, short-term, long-term and other training programs.
4. Lectures
The teaching of the Graduate Department attaches great importance to pragmatism, which is also fully reflected in the unique financial lectures of the Graduate Department.
Every semester, the Graduate School holds special lectures for students, inviting experts, scholars, and practitioners from various fields at home and abroad to review and discuss the latest financial and economic issues, so that students can always stand at the forefront of financial reform and development. At the forefront of development, with truly profound insights into China's real financial problems.
Since the school was founded in 1981, the Graduate School has always adhered to the policy of open education and continuously hired experts, scholars and professors from abroad to give lectures or lectures. Over the past two decades, the foreign experts, scholars and professors standing on the podium of the Graduate School include internationally renowned professors and senior executives of large financial institutions. In addition, taking advantage of the large number of foreign-funded banks in Beijing, representatives of foreign-funded banks in Beijing are often invited to the school to introduce the banking systems and businesses of various countries. Now, a financial lecture course is offered every semester so that students can be exposed to the cutting-edge financial theory and practice.
Over the past two decades, the International Monetary Fund (IMF) has provided Pudaokou with a large amount of technical assistance, and has sent senior experts to the school several times to give special lectures. The World Bank also provides technical assistance to the Graduate Department. The Asian Development Bank has designated the Graduate School Library of the People's Bank of China as its special collection library in Beijing.
Teachers and students of the Graduate School of the People's Bank of China actively participate in reform practice and never stop, blazing a path that combines theory and practice. This is not only the basis for the success of Daokou students, but also the basis for the success of the graduate school model. They are not "ignoring what is happening outside the window and only reading the books of sages", but "concerned about family affairs, national affairs, and world affairs." They are not only concerned about China's financial issues, but also international financial issues. They not only study They have advanced theoretical knowledge and learned how to apply theory into practice. Their greatest practice is to actively participate in the reform of my country's financial system. "Dedicate yourself to reform and undergo training." Mr. Liu Hongru's inscription on the 10th anniversary of the Graduate School is not only the teacher's high expectations for students, but also the encouragement and affirmation of the "Daokou students"' actions that integrate theory with practice, and it is also a tribute to China. An appropriate interpretation of the purpose of running the Graduate School of the People's Bank of China.
5. Employment situation
Over the past twenty years, the Graduate Department has continued to grow and expand. From the beginning, it recruited more than a dozen master's students every year, and now it has stabilized at about 55 master's students every year, and it also recruits about 10 doctoral students every year. Graduate students who enter the Graduate School must pass the entrance examination unified by the Ministry of Education. The Graduate Department recruits students from all over the country, and the competition for candidates is very fierce. The ratio of the number of applicants to the number of admissions every year is generally more than 10:1, reaching 20:1 in 1995.
With the support of alumni, the Graduate School has established the "Wudaokou Alumni Fund" to support outstanding students to complete their studies, and to reward students with excellent academic performance and outstanding scientific research achievements. Manulife Insurance Company of Canada has specially set up the "Manulife Insurance Scholarship" in the graduate department to support students majoring in insurance.
The topic selection of the graduate thesis is closely related to my country's economic development stage, financial situation, composition of tutors, students' academic expertise, and students' career intentions. Since the first class of graduates graduated in 1984, the Graduate School has graduated more than 800 master's degree students and more than 40 doctoral students in 18 classes. Now, they are mainly distributed in the financial system, including the People's Bank of China, China Securities Regulatory Commission, China Insurance Regulatory Commission, state-owned commercial banks, joint-stock commercial banks, policy banks, insurance companies, securities companies, fund management companies, and other non-bank financial institutions. The scientific research and business backbone of the unit. Many of them have been appointed as professors, researchers, and senior economists, and many have received various honorary titles and awards, such as National Advanced Producer, Top Ten Outstanding Young People in the Financial System, Sun Yefang Economics Award, and Experts with Outstanding Contributions. , scholars, etc. Among the graduates working in government agencies, some graduates have held leadership positions at the deputy ministerial and departmental levels, and more than half are working in department-level leadership positions.
6. Life in Daokou
Life in Daokou is also colorful. Although the number of students admitted each year is not large, the energy is great, and various activities are rich and colorful. Various formal or informal groups such as the student union add infinite fun to the intense study life. If you have any hobbies or skills in any area, you can shine your light at Wudaokou.
Daokou people have always attached great importance to academics and have a strong sense of reality. In addition to the most distinctive lectures by famous experts, the sparks of students' own ideas will also be exchanged through regular and irregular channels such as "Economic and Financial Research Association" and "Financial Forum". The amount of information obtained and the fun of thinking collision are very helpful for the construction of one's own knowledge structure and the deepening of theoretical understanding.
In terms of literature and art, every year when new students enter the school, what awaits you will be a welcome party carefully arranged for you by the brothers and sisters of Daokou. Your restraint when you first came to Daokou will be with this party. Proceed and dissipate with the wind. After the New Year's Eve party, there are two major events, the National Day and New Year's Day parties, where everyone has a stage to fully display their talents. The school will provide you with other opportunities such as dance parties, karaoke, calligraphy and photography exhibitions, etc.! For example, the calligraphy, painting and photography exhibition held this year by eight famous universities in Beijing not only promoted exchanges between universities, but also provided everyone with an artistic influence.
But in general, most of life in Wudaokou is spent in busyness. Everyone usually has a lot of class work. For freshmen, there are classes almost every day. After a week, everyone feels They all said they were tired. Maybe the second and third graders are a little more relaxed because they have relatively fewer classes, but writing a thesis is also something that requires a lot of energy and time. At the same time, you have to participate in social practice work, which is not easy either. .
Despite this, everyone still finds time to relax amidst the busy schedule. Life should be relaxed and relaxed. Everyone understands this. And, generally speaking, everyone has their own hobbies. Although Wudaokou is a small place, there are many activities. Football, basketball, volleyball, and table tennis are all carried out very enthusiastically, and various competitions are also overwhelmed.
The life of Daokou people is indeed endless.