1 00,000 New jobs expected in BFSI Sector in next two years

Increasing competition in the financial sector has fuelled a growth in job opportunities. There will be a lot of new entrants and existing players diversifying with new product lines. Employment prospects are immense in retail banking and equity analysis (in investment banking). In banking and finance sectors, there is a whopping shortage of 90 per cent for risk managers, 50 per cent for treasury managers and 75 per cent for credit operations. Assocham’s study during April-July 2007 showed that 51 per cent of advertised vacancies were for financial professionals. Around 1.5 lakh were hired just in the banking, trading and real estate sectors every year. And it is slated to keep growing year after year. In the financial sector, specific skills like customer relations, sales and knowledge of products are in short supply. The biggest employers will be the insurance and banking sector.

30, 000  portfolio managers who will be working with banks and financial institutions are required every year .The salaries in private banking would be 250 per cent more than in retail or corporate banking. Banks are expected to hire 20,000 people in the next one year and 30,000 people are expected to be hired in insurance sector. 

Courses in BFSI Sector for better job opportunities:

Institute of Chartered Accountants of India (ICAI)
Institute of Cost and Works Accountants of India (ICWAI)
Institute of Company Secretaries of India (ICSI).

A host of colleges today offer specialised courses in financial services.
Some of the prominent colleges are Birla Institute of Technology and Sciences and College of Business Studies (Delhi).

Finance- Two-year master's degree
Utkal University
Madurai Kamaraj University (Faculty of Commerce)
Aligarh Muslim University
University of Delhi
Himachal Pradesh University
Kurukshetra University (Faculty of Commerce & Business Studies)
University of Lucknow
Maharishi Dayanand University
Panjab University
The Association of Mutual Funds of India and the Insurance Regulatory and Development Authority also have their certifications, which are helpful.

Banking

  Indira Gandhi National Open University MBA (Banking & Finance)
  Aligarh Muslim University, Aligarh, Uttar Pradesh
  Centre for Advanced Financial Studies, Institute for Financial Management & Research (IFMR), 24 Kothari Road, Nungambakam, Chennai
  University of Madras, Centenary Buildings, Chepauk, Chennai
  NIBM (National Institute Of Bank Management), NIBM Post Office, Kondhwe Khurd, Pune
  The Indian Institute of Banking & Finance, The Arcade, World Trade Center, 2nd Floor, Tower 4, Cuffe Oarade, Mumbai
  Institute for Development and Research in Banking Technology, IDRBT, Castle Hills, Road 1, Masab Tank, Hyderabad

Stockbroking

  Post-graduate membership course in capital market and financial services. Institute of Company Secretaries of India, New Delhi
  Post-graduate programme in fundamentals of capital market development. Institute of Capital Market Development, 1965, Arya Samaj Road, Karol Bagh, New Delhi.
  Post graduate programme in capital market studies, in collaboration with the Mumbai Stock Exchange Training Institute, leading to a diploma from the University of Pune.  All India Centre for Capital Market Studies, J. D. C. Byte Institute of Management Studies and Research, Nashik.
  Course for Stock market study Mumbai Stock Exchange Training Institute, Stock ExchangeBuilding,Fort,Mumbai