智通财经12月25日讯（记者 吴雨其）在资管版图上，公募基金似乎有些"反直觉"。最新披露数据显 示，全公募基金行业从业人员约33688人，相较于银行、券商的庞大编制，基金公司在人力规模上更像 是金融体系里的"轻骑兵"。 在人员规模明显小于其他类金融机构的同时，公募基金的管理资产体量却已经站上了新的台阶。最新口 径下，公募基金管理规模已逼近37万亿元，年内增长超4万亿元，这也让公募基金在金融行业的人力结 构中呈现出独特的高人效特征。 从公司层面看，头部机构的人数分布格局同样颇有代表性。目前全行业共有易方达、华夏、南方基金三 家基金公司员工人数突破1000人。除此之外，员工人数在500到1000人区间的公司还有12家，其中就包 括富国基金、博时基金、广发基金、汇添富基金和嘉实基金等老牌公募在这些平台上，投研、销售、运 营、风控等岗位相对完备，形成了覆盖全业务链条的集团军。 这一类平台的特征，在业内人士看来有几个共性。其一，岗位更加精细化，同样是权益投资岗，可能进 一步细分为行业组、主题组、量化选股组等，相应的研究支持、行业数据库与内部交流机制也更为完 备。其二，组织结构层级清晰，新人通常有明确的培养路径和晋升节点 ...

Core Insights - The securities industry is transitioning from a "quantity-driven" approach to a "quality-driven" talent strategy, focusing on high-quality and efficient personnel to enhance industry development quality [1][3][7] Group 1: Personnel Changes and Structure - As of the end of 2024, the total number of securities industry employees is 335,700, a decrease of 7,003 or 2.04% from the end of 2021 [2] - The largest firms are expanding their workforce, with the top firm increasing its employee count to 14,216, a growth of 11.45%, while their share of the total industry workforce rose to 17.56% [2] - The number of securities brokers has decreased by 27,000, a decline of 48.85%, while investment advisors increased by 12,000, a rise of 17.46% [2] - The proportion of employees aged 36 and above has surpassed 50% for the first time, indicating a trend towards a more experienced workforce [2] Group 2: Revenue and Efficiency Metrics - Head firms maintain a human resource cost ratio of 32% to 38%, which is 10 to 15 percentage points lower than the industry average, and their revenue per employee is 2 to 3 times higher than that of smaller firms [3] - Average revenue per employee has stabilized and exceeded 2021 levels, reaching 875,500 yuan, following a two-year decline [4] - The investment banking sector saw a 54.74% drop in revenue per employee, from 2.58 million yuan to 1.17 million yuan, despite a 10.6% increase in personnel [4] Group 3: Business Line Adjustments - The asset management sector has seen personnel grow from 6,126 in 2021 to 7,073 in 2024, with a recovery in revenue per employee [5] - The self-operated business has shifted from expansion to contraction, with equity investment personnel decreasing by 14.68% and bond investment personnel increasing by 25.06% [6] - Research and institutional sales personnel have expanded by 47.29%, with researchers increasing by 36.82% [6] Group 4: Future Development Strategies - The industry aims to strengthen professional talent capabilities, as the average revenue and net profit per employee of leading firms are significantly lower than those of global competitors like Goldman Sachs [7] - There is a need to enhance information technology and international talent reserves to support high-quality development [7] - Smaller firms are encouraged to find transformation breakthroughs by leveraging regional characteristics and resources [8] - Continuous efforts in professional ethics education are necessary to mitigate compliance risks within the industry [8]