BFSI: Recruitment Outlook for 2009

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.

Top Resume Blunders

Resume conveys 70 to 80% of what a job seeker is up to; still many job seekers make blunders which can never be forgiven at first instance. All it takes is 15 more minutes of his time to avoid this blunder not to happen.

1: standard resume for all jobs and posts:

Using the same old resume for all kinds of jobs and positions is the single biggest mistake any job seeker can do, to avoid this we need to have several sample resumes tailored for the jobs and positions for which we are applying.

2: using proper keywords in the resume:

Every resume is a collection of words and the only way the employer gets to your resume is through search done on different career boards and job sites. If your resume is not having the keyword which the recruiter is looking for your resume will never be short listed. So make sure you have all the right keywords which recruiters use to search for job seekers are added to your resume.

3: No thorough proofreading

A resume full of mistakes suggests you care neither about the quality of your work nor the impression it makes. An employer wants someone who produces exemplary work and will be an excellent representative of the company. So please make sure your resume if proof read and by the way it takes 2 minutes of your time to do this.