[Project shortage superimposed on salary reform, the number of sponsor representatives fell below 8,000] On October 12th, sponsor representatives, a profession that was once regarded as the "golden rice bowl" of investment banks, is experiencing continuous attrition. The latest data shows that the number of insured persons has fallen below the 8,000 mark, returning to the 2023 level. "The curtain has just begun, and there is now a serious surplus of insurance agents." An investment banker from a small and medium-sized securities firm told a reporter from the Securities Times. "Project shortage" is an obvious reality. At present, the "head-to-head" phenomenon is still intensifying, and nearly half of the consumers are in the dilemma of "having no rice to cook". In the first three quarters of this year, the top three securities firms captured 40% of IPO projects, setting a record high. Even when there are projects to work on, revenue expectations are constantly being rewritten. Investment banking fees continue to fall, and systems such as deferred payment and recourse for rebates have been implemented one after another. The departure of insurance agents is no longer an accident, but a structural elimination. During the interview, a reporter from the Securities Times learned that many investment bankers with many years of project experience are in a strong mood to change jobs. They are inquiring about job opportunities and plan to transform into listed companies or engage in equity investment. (Securities Times)