Data from the online recruiting platform Monster.com indicates that the Indian BFSI industry has witnessed an optimistic year-on-year growth of 27% in February 2022 as compared to the previous year. This is a promising growth pattern given that the industry reflected a 26% de-growth last year (Feb 2020 vs Feb 2021).
Top skills in finance
Recruiters in the Banking and Finance industry are on the lookout for professionals adept in technical and analytical skills. Finance-related roles have taken up nearly 8% of total jobs on the platform, as per Monster data. Financial Statements, Credit operations, Analytical skills, Wealth management, Investment banking, Internal Audit, and Cybersecurity are some of the top skills in demand in the industry today.
Top Management and Freshers held highest share for Finance & Accounts jobs
As of February 2022, top Management (over 15 years) held the largest share for BFSI jobs and comprised 32% of the workforce. The second largest share was held by Entry level (0-3 years) talent at 23% followed by Intermediate (4-6 years) professionals at 21%, and Mid-Senior level (7-10 years) professionals at 16%. Senior level (11-15 years) accounted for the lowest share, comprising only 8% of the workforce.
Top 10 cities with highest annual growth (Feb 2022 vs Feb 2021) for BFSI jobs
The demand for BFSI professionals has now penetrated into Tier-2 and Tier-3 cities, with the highest year-on year growth in Jaipur, followed by Pune, Mumbai and Bangalore.
“Recruiters are on the hunt for talent adept in new age skills and there is no going back for this industry that has efficiently adapted to the challenges posed by the pandemic over the past two years,” said Sekhar Garisa, CEO, Monster.com.