Jobs in banking and financial services is holding high even in times of recession shadowing globally, If this market holds up then 2009 will be optimistic for job seekers.
Recruitment climate: India is the best place to find opportunities in investment banking at this point of time with more global outsourcing happening and more big IB’s moving to India for their captive units. TCS takeover of Citibank back office operation is a classic example of how the business structure is evolving and hope we can witness similar acquisitions in this space in 2009.
College climate: In the campus recruitment space software jobs are replaced by recruitment in BFSI (banking financial and insurance sectors) with more commerce graduates placing into MNC’s with big packages. It’s no longer a surprise to hear of an MBA package at the mediocre college at Rs. 20,000, this can be reflected in the seats fill up at engineering and commerce colleges where the latter seats are filled first before anything else.
Hot Jobs in India
1. Commodity Research. There’s a huge shortage of people in commodity research at the moment as there hasn’t been much history for regularized commodity market in India.
2. M&A. India being the destination due to intellectual arbitrage will be a strong market in the days to come in the M&A space.
3. BOND market. The Bond market was not significant all these days but the current financial turmoil can create high volume of jobs in this arena.
