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)

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.