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With the progress of globalization, the global financial markets has entered into the era of knowledge, technology and innovation in the 21st century, and human capital is often the key determinants of enterprise success and the key element of innovation development. In order to face the increasingly competitive job market changes and enhance their skill visibility and recognition in the enterprise, bank employees usually try to obtain the "professional license" or further education in line with their job function, hoping that these qualifications will contribute to their future promotion or compensation. However, whether firms will compensate more to these self-education effort is an interesting empirical question worth further investigation. Therefore, this study is aimed to investigate the relationship between these qualifications (education and professional licences) of banking practitioners and their salary compensation.
The study found that firms with higher average employee education levels and more employee professional licenses (per capita) will pay more average salary in general.
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