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Why in IB is common practice to hire graduates without a finance/economics background?

Interested in different perspectives. In my country it's essential to demonstrate a connection between studies and career path. Personally, I did a bachelor's degree and a master's degree in finance. I don't understand how a person, even if smart, can have a deep comprehesion of the subject without this kind of background. I mean IB doesn't really require that at entry level. But really, is that diluted the value of knowledge in this space? I refer in particular to the countries where it's common practice, i.e. UK and US.

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