The job postings grew by 9.7 per cent throughout February 2022 to February 2023 and 11.5 per cent in 2021. (Representational picture)
Top-5 job roles with the very best proportion of job postings are Bank Officer, Loan Officer, Financial Analyst, Finance Manager, and Risk Manager
The highest-paying job roles in the BFSI sector are portfolio supervisor, threat supervisor, and funding banking analyst incomes a yearly median wage of Rs 11,50,000, Rs 9,00,000 and Rs 7,00,000, respectively, in response to a report by jobs website Indeed. Between February 2020 and February 2023, among the different job roles that featured in the top-10 listing of highest salaries embrace finance supervisor, wealth supervisor and credit score supervisor.
The report mentioned the top-5 job roles with the very best proportion of job postings are Bank Officer (11.29Â per cent), Loan Officer (5.27Â per cent), Financial Analyst (4.46Â per cent), Finance Manager (3.93Â per cent), and Risk Manager (3.92Â per cent).
While Bank Officer topped the listing of job postings in the final one 12 months, it was attention-grabbing to notice that it additionally featured as one of many lowest paid roles (Rs 2,50,000 each year) together with roles reminiscent of Investment Consultant and Financial Consultant. The Loan Officer was the least paid at Rs 2,25,000. Additionally, the jobseeker curiosity (clicks) on the platform additionally elevated by 29 per cent throughout the identical interval.
Sashi Kumar, head of gross sales, Indeed India, mentioned, “We noticed jobs in the BFSI (banking, monetary companies and insurance coverage) sector rising at 25.2 per cent in February 2022, indicating the potential of the trade in India. However, the decline in job postings in 2023 recommend that the trade could also be reaching a degree of stability slightly than speedy progress.”
He added that given a relatively challenging economic environment and punctuated by high inflation, India’s BFSI labour market remains pretty healthy as compared to other matured markets in the world. The need for qualified experts will probably increase in the sector over the coming several quarters as the banking and finance industry continue to evolve technologically.
Sustained Growth of Jobs in BFSI Sector
The report showcases a 53 per cent growth in BFSI job postings in India, indicating a positive trend in the sector.
Additionally, the job postings grew by 9.7 per cent during February 2022 to February 2023 and 11.5 per cent in 2021. The period from February 2021 to February 2022 saw the highest growth in job postings (25.2 per cent).
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