Jobs in Coimbatore
India has a diversified financial sector which is undergoing a dynamic expansion and is growing at a rapid rate. This combines the new entrants in the financial market as well as the existing financial services providers. The financial sector comprises of insurance, banks, non-banking financial firms, mutual funds firms, etc. It would be an understatement to say that with the combined push of the private sector and government efforts, India has one of the most vibrant financial scenarios in the world.
The dynamism of the financial sector can be gauged by these facts -
- The assets under management of the mutual fund industry were INR 21.36 lac crore at the end of March 2018.
- Mutual Fund equity portfolios in the country reached an all-time high of 49.3 million at the end of December 2017.
- The country recorded a historical inflow of USD 51.2 billion in mutual funds in 2017.
The Indian banking regulating authority has allowed new entrants into the market, such as payments bank, thereby adding entirely new business models operating in the sector. Nonetheless, the financial sector in India is largely dominated by the banking sector wherein commercial banks account for more than 65% of total assets held.
To further strengthen the sector, the current Government of India has introduced various reforms to regulate and liberalize the sector. For instance, the Reserve Bank of India and the Government have taken measures to increase access to finance especially for small and micro businesses - which help a lot of startups, which in turn fuel the growth of entrepreneurship and employment. The country has even scored perfectly when it comes to protecting the interest of its shareholders’ rights as implemented by the Securities and Exchange Board of India.
As evident by the facts mentioned above, the country’s financial sector is undergoing a rapid transformation and expansion. With such expansion, comes the need for increased hiring as well as retaining the best talent. The country’s employment market is becoming increasingly competitive. The same is reflected in the annual wage hike given to professionals from all the fields, and not just the financial sector with skills in consulting, management, analysis, etc.
There are plenty of jobs in Coimbatore, NCR, Mumbai, Bangalore, etc. and these cities provide ample opportunities to professionals from all fields. The national recorded average CTC for junior-level professionals is INR 5.22 lac per annum. The same for middle-level professionals stands at INR 9.94 lac per annum, and the average recorded CTC for senior-level professionals is INR 25.94 lac per annum. It is also noteworthy that FMCG topped the list of highest paying industries in India with a recorded average CTC of INR 11.27 lac per annum.
We, at Randstad, have an array of jobs for professionals in all the fields. With our unique combination of tech and touch, we ensure that you stay at the top of the competition and help you find your dream job.
Source: Randstad India Survey