Financial services jobs outpace IT sector in smaller cities

Financial services outpaced the IT sector in Tier II and Tier III cities in providing the jobs to the young aspirants. Out of the total 26.35 per cent of the jobs created in financial services, the stock market, brokerage houses and mutual funds offered the maximum job vacancies in this sector, contributing a share of 35.44 per cent. It was followed by the insurance sector. After insurance sector, the banking sector generated employment opportunities with a share of 30.34 per cent. Read more

(Source- Assocham)

Banks announce more than 3000 vacancies for officers

In last one month, public sector banks and cooperative banks in India have invited applications for more than 3,000 vacancies for officers. Major chunk of these vacancies are for Probationary Officers/Management Trainees.

Also banks are hiring directly from market for specialist functions like Marketing, Sales, Agriculture, Economist, Planning, Research, Legal, Security, Audit, Human Resources, Treasury, Risk Management, Information Technology etc. Most of these are in Middle Management cadre.

If you are registered with banknetjobs.com, you can search these vacancies and apply to them online OR you can register at: http://www.banknetjobs.com

What bank looks for in job applicant ?

What bank looks for in job applicant is one of the most debated & sought after question for the candidates trying to join the banking sector. Every bank has different bench marks. Also public sector banks differ in their recruitment approach from new private sector banks.

However following capabilities/abilities, every bank look for in the new employees: -

1. Ability to lead and work in teams as required.

2. Ability to lead, manage, train the team to achieve targets.

3. Ability to grasp information and to convey it in a meaningful manner.

4. Ability to optimum utilization of resources and commitment to meet deadlines.

5. Ability to comprehend needs of customers and to respond appropriately

Keep a clean track record to get a job

Employers are looking into the personal background. besides looking at experience, qualification, competence and communication skills of the candidates. HR firms are even seeking police verification wherever possible. Since fake qualification and experience documents have become frequent, companies go in for a thorough verification of backgrounds of the job seekers.


Growing hacking, cyber crimes, companies are becoming increasingly vigilant while employing staff. Companies are looking to recruit only efficient and reliable hands to avoid hiring employees who may either not be dependable or even have a doubtful background.


Ensure that you provide correct details in your resume and also keep a clean track record to get into a good job.

Public sector banks to hire 20,000

Public sector banks (PSBs) are expected to hire 20,000 in 2008-09.In 2007-08, the PSBs had hired over 15,000.

Hiring is expected to go up in 2008-09 due to increase in business opportunities in retail banking, marketing and expansion in rural banking.

The hiring is getting broad-based bringing in specialists along with generalists. For instance, Indian Bank and IDBI are currently looking for specialist officers such as Chartered Accountants, computer, law, industrial development officers, treasury, corporate and SME experts.

More Jobs For Disabled In Pvt Sector

Government has approved incentive schemes for creating 1,00,000 employment opportunities a year for the physically challenged persons in the private sector.

Under the scheme, government will take care of the employer's contribution to Employees Provident Fund (EPF) and Employees State Insurance (ESI) for providing employment for the first three years to persons with disabilities. The scheme is valid for persons with monthly income up to Rs 25,000.

The scheme covers all persons with disabilities defined under Disabilities Act, 1995 and National Trust for welfare of persons with Autism, cerebral palsy, mental retardation and Multiple Disabilities Act, 1999.

BFSI sector to create a million jobs every year

According to industry sources, the rapidly growing banking, financial services and insurance (BFSI) sector in India is expected to create about a million jobs every year for the next five years. The insurance industry will lead by creating 500,000 jobs. The issue is no longer about finding BFSI jobs for people, but ensuring that there are enough people with relevant skills for the jobs at hand.

I feel Ma Foi Employment Trends Survey is too conservative in its projections as far as jobs in the BFSI sector are concerned.