Synopsis
According to a recent report, India's institutional investor sector has experienced a 69% growth in hiring over the last two years, reflecting the country's expanding market capitalization and evolving financial landscape.Key Takeaways
- 69% increase in institutional investor sector hiring.
- Market cap growth from $1.2 trillion to $5.2 trillion.
- 83% of professionals hired externally.
- Women make up 27% of the workforce.
- Competitive job market with 25% workforce switch in a year.
New Delhi, Feb 24 (NationPress) India has recorded a remarkable 69% surge in employment numbers within the institutional investor sector over the past two years, as revealed in a report released on Monday.
The market capitalization of India has expanded considerably over the last decade, soaring from $1.2 trillion to $5.2 trillion. This impressive growth has catalyzed substantial advancements in the institutional investor sector.
The analysis conducted by CIEL HR Services, which surveyed over 16,000 executives from 80 firms within the investor sector, offers crucial insights into aspects like gender diversity, tenure, in-demand roles, and career advancement.
According to the report, 83% of professionals, including fund managers, portfolio managers, and senior analysts, were recruited externally, while a mere 17% were promoted internally. This scenario presents a chance for organizations in the sector to innovate their internal career development practices and create an environment that fosters talent.
The sector has achieved notable progress in workforce diversity, with women comprising 27% of the total workforce. Nevertheless, the representation of women in leadership roles is still inadequate, accounting for just 14% of senior positions.
“India’s ambition to evolve into a $7 trillion economy by 2030 mirrors its expanding market size and underscores the rapid changes occurring within its financial landscape. With an anticipated growth rate of 6.1% over the next five years, India is on track to become the world’s third-largest economy by 2027. The institutional investor sector is pivotal in this progression,” stated K Pandiarajan, Executive Director and Chairman of CIEL HR.
“The sector is undergoing a profound transformation, driven by both established entities and new players that are innovating investment strategies and financial offerings. This dynamic expansion marks a crucial juncture for institutional investors to capitalize on emerging prospects, both domestically and internationally,” Pandiarajan further commented.
Additionally, the report highlighted that approximately 25% of the workforce in the institutional investor sector changed jobs in the last year, emphasizing the competitive and evolving nature of the industry.
