Indian capital markets are growing and with this, the demand for market analysts is increasing. The industry encompasses mutual funds, investment consultancy firms, broking houses, insurance companies, merchant banks, pension funds, KPO firms and financial institutions. At a compounded annual growth rate (CAGR) of 35 per cent for the next few years, it is estimated that the industry will employ around 12,000 professionals by 2011. Says Eshwara Venkatesam, coo, FiNoble Advisors, an asset management firm: "The field is still evolving and the demand for trained personnel will continue to rise in the foreseeable future. Fresh graduates as well as professionals with exposure to financial services and it management, are in great demand."
Who's hiring: Citigroup, JP Morgan, HSBC, UBS, Goldman Sachs, Lehman Brothers, Merrill Lynch, McKinsey, Fidelity, CRISIL, and a host of players.
Who're they hiring: MBAs in Finance, Masters of Financial Control, CAs, Chartered Financial Analysts (CFAs), and PhDs or Masters Degree holders in Statistics.
At what level: At all levels. Half the openings are at the fresher's level.
At what salaries: For freshers, the salaries range from Rs 6 lakh to Rs 8 lakh p.a. Mid-level professionals can get anywhere around Rs 15 lakh to 30 lakh p.a. plus bon-uses. Senior level executives command between Rs 50 lakh and Rs 1.5 crore plus bonus components.
What are the numbers like: At present, the industry employs around 4,000 professionals and this figure is likely to go up to around 12,000 by 2011.
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