Portfolio Manager and Risk Manager among highest paid job roles in Indian BFSI sector: Indeed

53% growth in BFSI job postings in India during the period Feb 2020 – 2023
Bengaluru tops the BFSI jobs list with 17.11% share in India, followed by Mumbai with 13.15%

Bengaluru, 05 April 2023: Data from Indeed, the world’s no. 1 job site, shows that the highest paying job roles in the BFSI sector were Portfolio Manager, Risk Manager, and Investment Banking Analyst earning a yearly median salary of INR 11,50,000, INR 9,00,000 and INR 7,00,000 respectively. During the period February 2020 to February 2023, some of the other job roles that featured in the top 10 list of highest salaries include Finance Manager, Wealth Manager and Credit Manager.

The data further reveals that the top five job roles with the highest percentage of job postings are Bank Officer (11.29%), Loan Officer (5.27%), Financial Analyst (4.46%), Finance Manager (3.93%), and Risk Manager (3.92%). While Bank Officer topped the list of job postings in the last one year, it was interesting to note that it also featured as one of the lowest paid roles (INR 2,50,000 per annum) along with roles such as Investment Consultant and Financial Consultant. The Loan Officer was the least paid at INR 2,25,000. Additionally, the jobseeker interest (clicks) on the platform also increased by 29% during the same period.

Sashi Kumar, Head of Sales, Indeed India said “We saw jobs in the BFSI sector growing at 25.2% in February 2022, indicating the potential of the industry in India. However, the decline in job postings in 2023 suggest that the industry may be reaching a point of stability rather than rapid growth. Given a relatively challenging economic environment and punctuated by high inflation, India’s BFSI labour market remains pretty healthy as compared to other matured markets in the world. The need for qualified experts will probably increase in the sector over the coming several quarters as the banking and finance industry continue to evolve technologically”

Sustained growth of jobs in the BFSI sector

The data showcases a 53% growth in BFSI job postings in India, indicating a positive trend in the sector.

Additionally, the job postings grew by 9.7% during February 2022 to February 2023 and 11.5% in 2021. The period from February 2021 to February 2022 saw the highest growth in job postings (25.2%).

Job postings across cities in the BFSI sector

Top cities

Percentage share of job postings

Bengaluru

17.11%

Mumbai

13.15%

Delhi NCR

12.02%

Pune

5.93%

Chennai

5.78%

About Indeed

More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world (Comscore, Total Visits, September 2021) and allows job seekers to search millions of jobs in more than 60 countries and 28 languages. Over 3 million employers use Indeed to find and hire new employees, making Indeed the largest job site in the U.S., Canada, and the world. More than 300 million users each month search for jobs, post resumes, and research companies on Indeed, and Indeed delivers 2.5X more hires than other branded job sites combined (Among BreezyHR clients, Sources of Hire Report 2021, U.S.). For more information, visit www.indeed.com.

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