3 posts tagged “banking jobs”

Jobs in banking and financial services is holding high even in times of recession shadowing globally, If this market holds up then 2009 will be optimistic for job seekers.

Recruitment climate: India is the best place to find opportunities in investment banking at this point of time with more global outsourcing happening and more big IB’s moving to India for their captive units. TCS takeover of Citibank back office operation is a classic example of how the business structure is evolving and hope we can witness similar acquisitions in this space in 2009.

College climate: In the campus recruitment space software jobs are replaced by recruitment in BFSI (banking financial and insurance sectors) with more commerce graduates placing into MNC’s with big packages. It’s no longer a surprise to hear of an MBA package at the mediocre college at Rs. 20,000, this can be reflected in the seats fill up at engineering and commerce colleges where the latter seats are filled first before anything else.

Hot Jobs in India

1.    Commodity Research. There’s a huge shortage of people in commodity research at the moment as there hasn’t been much history for regularized commodity market in India.

2.    M&A. India being the destination due to intellectual arbitrage will be a strong market in the days to come in the M&A space.

3.    BOND market. The Bond market was not significant all these days but the current financial turmoil can create high volume of jobs in this arena.

Every fresher’s day starts with Logging into naukri.com, monster.com or job search engines like jobmixi.com to find new job openings across Indian cities. The interesting figures from ASSOCHAM reveal how job market is spread in different cities in India.

Below are the cities with ranking and job share.

Interesting fact is that Mumbai is still on the top of the list with finance jobs with Gurgaon second leading with BPO and I.T jobs. Recruitment in south Indian cities is slowdown with slump in I.T and banking sectors. Kolkata with an edge on cost is still 9^th on the list with no change from the previous years.

Believe the above list might help freshers in targeting their jobs appropriately.

Lehman brothers bankrupt, leading global banks bailed out, billions of tax payers’ dollars spent on reviving the economy what next. Is the financial crisis ended or will there be more such happenings in the near future, this is back of every job seeker and looser across the world.

India is resistant to all this, thanks to the strong economy and the knowledge pool. In the next coming months there is lot of fresh recruitment coming to offshore from these leading banks in the Banking, Financial Services and Insurance sectors. Why because, the best arbitrage for cost and talent is available in India only. We can find new captives under construction in Hyderabad, Noida and Chennai in the BFSI sector, which means more jobs to India.