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The booming IT and IT-enabled sector has emerged as the number one white collar employment provider generating 44 per cent of the total jobs advertised in the last two months, while Mumbai lived up to its name of being the financial capital and created the maximum job opportunities.
The IT and IT-enabled services sector accounted for 44 per cent of the total number of 7,558 job advertisements in newspapers and the Internet sites tracked by the Assocham Eco Pulse (AEP) throughout the country.
The maximum number of these insertions came from the Silicon Valley of Bangalore offering 40 per cent of the job offerings.
The AEP interaction with industry leaders indicated that the IT-enabled sector is set for a huge growth and the commensurate impact on the job creation would be visible in the next few years.
"The Indian business process outsourcing (BPO) sector is set to grow at a phenomenal pace from $4 billion to $15.5 billion by 2008. Inherent cost advantage, large pool of skilled manpower and availability of domain expertise will remain the key drivers for the growth," Assocham President. Mahendra K Sanghi said in a media statement, while releasing the AEP.
Twenty-eight per cent of the employment opportunities emerged from Mumbai, with Delhi being the second best with 25 per cent and Bangalore 24 per cent.
Finance was the second runner-up in terms of job creations. Twenty-four per cent of the job placements were accounted for this sector with Mumbai seeking maximum number of the applications from the finance candidates.
The third best honour in terms of white-collar employment generation went to marketing which accounted for 10 per cent of the positions advertised.
Like in finance, Mumbai created the maximum jobs for marketing personnel. Thirty-three per cent of the insertions for marketing came from Mumbai, as per the AEP survey.
Finance most popular at IIMs
Tracking placements in leading 10 business schools, including four IIMs, AEP found that the financial services companies did maximum recruitments.
In three of the four top IIMs, the candidates opted maximum for the financial services. Thirty-three per cent of the IIM, Kolkata post-graduates chose finance in 2004.This percentage was 28 per cent for IIM, Ahmedabad.
The sector-wise analysis showed that human resource (7 per cent), engineering (5 per cent), academics (3 per cent), hospitality, pharma and media (2 per cent each) and medical and para-medical (1 per cent) were the other main contributors to job creation.
Of the total 7,558 job positions tracked by AEP, 3,391 insertions were for IT and IT-enabled services, 1784 for finance and 736 for marketing.
HR had inserted 534 job advertisements, engineering 385, academics 234, pharmaceutical 150, hospitality 147 and media 142.
Of the total opportunities in Mumbai, IT and IT-enabled contributed 35 per cent. Finance was not much behind with 32 per cent offerings with marketing being the third best (11 per cent).
Engineering (6 per cent) and HR (5 per cent) were the other contributors to the Mumbai employment bazaar. In absolute terms, of the total 7,558 placements included in our survey, 2,147 were accounted for in Mumbai.
Of the total, 1,901 offerings were advertised in Delhi and the National Capital Region. Here again IT and the BPOs remained the biggest market for the job-hunters (36 per cent).
Finance was the second runner-up with 25 per cent and HR with 13 per cent. Twelve per cent of the openings were in the marketing and 6 per cent in engineering in Delhi and NCR.
Of the total, 1,790 employment offers were for Bangalore with IT and IT-enabled services, obviously being the top on the chart with 76 per cent. So much of the job chunk went to the IT and BPOs that very little was left for others. Finance personnel had to settle with 11 per cent and Marketing 6 per cent.
Of the total, 1,790 employment offers were for Bangalore with IT and IT-enabled services, obviously being the top on the chart with 76 per cent. So much of the job chunk went to the IT and BPOs that very little was left for others. Finance personnel had to settle with 11 per cent and marketing 6 per cent.
Chennai was next best job city with 6 per cent of the country's placements arising out of the capital of Tamil Nadu. Finance accounts for a lion's share of 42 per cent of the offers leaving 22 per cent for the IT and IT-enabled sectors.
Mumbai has its rub-off impact in Pune which offered 3 per cent of total job opportunities included in the AEP. Here again, 25 per cent of the Pune offerings have gone to finance.
Kolkata seems to be catching up, said the Assocham survey. Though late starter, the IT and the BPOs have started coming up. Finance created the maximum opportunities in the city (31 per cent) and, IT and IT-enabled services, and marketing (each 23 per cent) were the next best.