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Hiring boom in financial services amid deals, IPO rush, digitisation

Source | | Rica Bhattacharyya | Sneha Shah

Hiring in India’s financial services sector is at an all-time high.

Companies across investment banking, private equity and venture capital, asset management, institutional equities and private banking are beefing up their teams on the back of a buoyant capital market, all-time high deal making cycle, rush of IPOs, and a huge push for digitisation.

There were over 300 senior level (CXO and CXO-1) hires across these segments in the nine months to September, up 25% year on year, data from executive search firm Native shows.

Across hierarchy levels – including middle and junior management – there is an average 30-50% pick up in hiring activity, while some have even increased their team strength up to four times compared with pre-pandemic days, according to top company officials and HR heads.

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