The BFSI industry seeks potential workers with the relevant skills, talents, and experiences to keep up with the exponential growth. Find out what this means for your BFSI job search.

According to the Monster Employment Index, overall employment demand in India has increased by nearly 9%  since May 2021. MEI*). After telecommunications, the BFSI industry ranks as the largest employer. With the emergence of future technology, BFSI is developing at a multifold rate. They are hiring potential employees with the right skills, talents, and experiences to keep up with their rapid expansion.

Few jobs in the BFSI industry are more competitive than others. Due to the growing number of applications, front-end client positions face more competition. (This trend varies according to geographic location and other factors.) Jobs requiring particular skills, such as risk management, financial analysis, or data analysis, on the other hand, are in more demand.

With the latest technologies like internet banking, mobile payments, blockchain, and artificial intelligence, certain professions in BFSI are becoming outdated. The past few years have seen a gradual easing out of the clerical and junior management level employees. The good news is that new work opportunities for persons with technology and digital skills are expanding. The BFSI industry is now more appealing to tech-savvy job seekers. 

In addition, the banking business is expanding into new areas such as sustainable finance, social impact investing, and fintech. Individuals with these talents are in higher demand in the BFSI employment market.

Job applicants are drawn to the BFSI industry, given its stability, security, and excellent salary packages. This makes it competitive to find good jobs in the BFSI industry. As the banking sector evolves and expands into new areas, it will be critical for job searchers to remain up to date on the latest trends, technologies, and regulations to make the right career moves. 

Finding the appropriate job search partner might give you a competitive advantage in your career transition. A professional Human Resource consultant that understands your sector, is linked to excellent employer brands, and has the appropriate insights to help you land your dream job can be advantageous.