BFSI sector to add 2.5 lakh permanent jobs by 2030: Adecco India

Bengaluru: Hiring in the BFSI sector is projected to grow by 8.7 per cent in the current financial year and 10 per cent by 2030 adding 2,50,000 permanent roles, with a marked shift in hiring mandates from Tier-I to Tier-II and Tier-III cities. In fact, more than 25 per cent of hiring mandates in 2025 are already coming from beyond the top eight metros.

The first half of 2025 saw an over 27 per cent increase in hiring activity compared to the corresponding period last year, signalling strong momentum across frontline, digital, and compliance functions. Candidates with local language proficiency and grassroots sales experience are now 2.5x more likely to be shortlisted and command 10 per cent-15 per cent higher compensation, according to Adecco India, an HR Solutions firm.

Karthikeyan Kesavan, Director and Head of Business – Permanent Recruitment, Adecco India, said, “The hiring landscape in the BFSI sector is being redefined by two converging shifts: the rapid rise of digital-first investors and the pivot towards Tier-II and Tier-III cities. While hiring demand remains strong across the BFSI sector, mutual fund companies and wealth management firms are leading the surge by 9 per cent+, as market-linked investments gain traction beyond metros. Firms today need multilingual, digitally fluent talent with deep regional context to manage these relationships.”

As households move from traditional assets to market-linked instruments like ULIPs, mutual funds, and pension products, talent demand is rising across the board. Banks have increased hiring for sales & relationship executives, digital product managers, and credit risk analysts. These are some of the most sought out roles in traditional BFSI hiring this year, he said.

AI/ML, data scientists, cybersecurity experts, UX/UI, cloud and ERP migration specialists are the most hired roles in BFSI GCC’s and the hiring across the sector of these GCCs increased by 11 per cent YoY. While wealth and insurance firms are increasingly seeking for financial planners, investment advisors, digital underwriters, and claims automation specialists amongst others. 

Markets like Indore, Coimbatore, Nagpur, and Guwahati saw 15-18 per cent increase in hiring, alongside rising traction in Surat, Jaipur, Lucknow, and Bhubaneswar by 11-13 per cent.

“Upskilling is gaining more traction with businesses evolving at a much faster pace. Case in point; in the insurance category, 78 per cent insurers have prioritised upskilling and they have seen a 30 per cent boost in claim efficiency just by addressing the knowledge barrier”, Kesavan added.