Job opportunities in BFSI Segment !!

BFSI: Banking Financial Services and Insurance : As per Team Lease Services recent report BFSI sector will offer more than 9 lakh jobs in coming days. Which means there are ample opportunities for those who are having skills for this sector. Now we should understand the sector specific and what skill set is required.

In my earlier write up I have discussed about Banking sector. Normally most of job seekers has little bit idea about Banking sector as they or their family members using the services of this industry by way of Bank account. But most of the people has little knowledge about Financial Services sector , yes obviously Banks are also part of this sector.

Most of Banking companies are offering Financial Services through their group companies.Some of Financial Services products are Securities Market (Eq. Share, Debenture ,Bonds etc.) Mutual Fund , Insurance, Investment Banking,Merchant Banking are few of them. Below are group companies offering various products of HDFC Group:

HDFC Ltd : Primary business of this company is to offer Housing Loans to real estate sector.

HDFC Bank Ltd: It offers banking services whose primary business is to accept deposits from public and advancing loan according to the need of people.

HDFC Securities Ltd: This company primarily involve in Stock Broking activities. They are the member of Stock Exchanges . It also offers DEMAT account to the investor.

HDFC Asset Management Company Ltd : This company offers various Mutual Fund scheme to the investor.

HDFC Life Insurance Company Ltd : Insurance is a product which protect individuals life and assets from any kind of risk. HDFC Life specially involved in offering Life insurances.

These are few companies in HDFC group which are offering BFSI products.

Every company need some specific skill for their employee. Some of them needs NISM certificates also.

In my next blog will share how many type of NISM certifications available and how you can clear those certificates to get job in Banking, Financial Services and Insurance sector.

Share your feedback so that I can provide you specific knowledge which will help you.

Graduate: What next !!

Have you completed graduation? Good ,you have achieved one of the required milestone to entered in the world of  job. Ok. Fine , Now the big question is "Whats next?"

Starting a great career is very important which will drive you to the great future. Most of all graduates are in dilemma which career should choose. Problem of Arts graduates are at compounded level. Choosing lucrative job offers career choices of Arts graduates are at disadvantageous stage.But nowadays options are coming day by day for Arts graduates also.

Everybody wants a stable secured job so that they can balance their personal and professional life as well. Govt sector job offers you stability and security simultaneously. Getting govt sector job needs dedication and continuous effort so that you can clear the selection examinations for various public sector jobs. As the selection exams are not held on daily of fortnightly so you have to wait after attempting one exam to other. Time to publish result takes longer than expected resultant to loss of precious time. Some time it takes more than one attempt to crack the selection process.

Only around 3 percent of total jobs are offered by the public sector which shows that tough competition are there and you have to prepare very well to be in that 3% of crowd else you will be left behind.

So what should I do ?

You should keep trying to crack govt sector job and simultaneously start your career in private sector as they are offering 97% of job opportunity. Which means the availability of opportunities are much higher for the eligible candidate. BFSI Segment offers you good career  with in private sectors if you are having adequate knowledge and required certifications.

B   -   Banking



FS -   Financial Services 
                  &
I    -   Insurance

Basically BFSI are service based industry where you can start your career with some basic knowledge about the same. The hierarchy of this industry are under:

            Ministry of Finance
             (Govt. of India)
                          |
            ----- -----------------------------------
            |                           |                         |
      Banking      Financial Services      Insurance
       (RBI)               (SEBI)                    (IRDA)

Natural phenomena of human is that the thing we get to see for what we have the knowledge. For example if we see some yellow object lying in the field will be seen by some people who knows about the characteristics of gold rest of people will ignore the same.

Similarly people has little knowledge about banking as they use some of their basic products like bank account hence they have basic knowledge of banking system ,but in the same time they don't know what other products are offered by bank and other financial services companies. Banks also offered financial services and Insurance products too.

How to Start Career in BFSI: Some products of BFSI needs certification for the eligibility to start with. Like those services regulated by SEBI and IRDA needs some series of NISM cerifications.

How to Get NISM Certifications: Well, all NISM cerifications can be attempted by self study. You have to create profile with https://certifications.nism.ac.in/nismaol/ . To create profile you need copy of PAN, ADHAR and photograph in JPG format.

After validation of your documents NISM will activate your profile. Then find your desirable certification , pay exam fees online/offline mode and book seat for your desired exam center. You will get e-book as study material.

Comments on this post to know more career opportunities and skill requirement.