Job market in Indian financial sector on a rise
Bangalore: The Indian economy is reviving from the global economic slowdown as companies from almost every sector have started hiring. Even though the hiring is nowhere near the 2006-07 level, it is definitely better than last year.
Indian institutions were not that much effected by the recession but were cautious and had stopped or slowed the hiring process. These institutions have started hiring again. There are now new opportunities in capital markets.
Equity market has been impacted a lot due to recession. Many private equity firms are shutting down their office in India. But there is greater emphasis on exposure to Indian equity markets even on their Asian desks and global desks. So there will definitely some hiring here in future. According to Economic Times, apart from equity market, core banking areas such as corporate banks, treasury, credit and certain allied areas such as technology and HR are witnessing induction of senior talent. Banks are building their bench strength and are again offering growth oriented jobs.
The insurance industry is strengthening its treasury, back-office and front-office leadership roles. Many mortgage- insurance companies might open an office in India. There are also many new service areas which have come forward post recession like credit bureaus, derivative trading desks, commodity trading, reinsurance and risk and analytics.
To conclude with, there will be many jobs in financial sector in next few years but the profile will be more tilted towards highly advanced service areas.
Previous Post's: Green IT yet to be a reality: Gartner
