Mumbai: The Ultimate Destination for HR Professionals

Mumbai is famous as the business capital of India. Housing numerous industries and a large number of talented workforce, Mumbai is the 2nd most populous metro city of India. With a rich culture, unique business lifestyle, enthusiastic people, mouth-watering food and much more, Mumbai welcomes each and every individual with wide open arms. Job seekers from different educational backgrounds can find enormous career opportunities in this wonderful city.

HR Jobs in Mumbai - Careerbuilder India

The growing industrial base and the emergence of a large number of firms has pushed the demand for Human Resource (HR) professionals in Mumbai. HR professionals in any company are the most important part of the hire/management team. These professionals are mainly in demand by companies or Industries with higher attrition rates and also by e-commerce companies and new start-ups. Most of the companies are on the outlook for HR specialists with relevant experience in talent management and engagement strategies. Whereas, various start-ups are also hiring HR professionals for attracting new candidates.

HR Hiring Trends

For freshers in Human Resource field, the desire to work in any company is influenced by various factors. Some of these factors include the current position of a company, work culture, job position, HR policies and so on. Candidates who aspire to grab a position in HR field must possess certain requisite skills such as:

  • Ability to strengthen and maintain the employer-employee relationship
  • Searching and recruiting new and highly skilled talent for the required job positions
  • Critical thinking
  • Excellent leadership skills
  • Time management skills
  • Superior communication skills both verbal and written
  • Ability to develop plans for achieving company’s goals
  • Administrative skills such as recording data, administering assessment and staffing activities
  • Understanding of basic accounting principles

Career Opportunities

The HR profession is very wide. One can find several career opportunities in HR field with great working conditions, handsome remuneration and excellent career growth. These days, every company whether a small, mid-sized or large organization, keeps a fully functional Human Resource Management department, which is managed by HR professionals.

Being the most sought after destination for various small to big companies, copious HR jobs in Mumbai are awaiting for the candidates with adequate qualification in HR. Both in the public sector and private sector companies, HR jobs are available in abundance. Furthermore, for entry-level candidates, the available job positions may include HR executive, management trainee, recruiting specialist, human resource coordinator, human resource assistant, etc.

Mumbai, the city of dreams is perhaps the best destination for an ample number of job seekers. Today, HR professionals are increasingly seen as the most important part of any company. The growing number of companies in this city are creating a large number of job vacancies for HR professionals. However, in order to become a marketable candidate for the job, it is essential to gain a deep knowledge and develop the relevant skills required for human resources profession.

Great Career Opportunities Awaits for Finance Job Aspirants in Mumbai!

The ‘Financial Capital of India’, Mumbai these days is riding high with a boom in the finance job market. The wealthiest city of India is the fourth most populous city in the world. Mumbai has been recognized as the top 10 centres of commerce and hailed as the commercial and entertainment hub in India.

With a strong foothold in finance companies, presence of two largest Indian stock markets (The Reserve Bank of India and the Securities and Exchange Board of India) and headquarters of all major banks , the city is the perfect place for an finance aspirant to kickstart their career.

Finance Jobs - Careerbuilder India

What Are The Different Finance Career Paths?

For all those who thought a career in finance is all about money, think again! It is much more than that. For a student, obtaining a degree is just the beginning. Finance industry is versatile, offering a wide array of positions catering to a number of skills and interests. Financial industry is a fragmented one including impeccable opportunities.

Below is the list of some common career paths in the financial services industry, take a look-

  • Corporate Finance
  • Commercial Banking
  • Investment Banking
  • Hedge Funds
  • Private Equity and Venture Capital
  • Financial Planning
  • Insurance
  • Public Accounting

How Tough Or Easy Is To Get A Job In Mumbai?

Getting a job in cosmopolitan city like Mumbai is always a Herculean task. If you are seeking a finance job in Mumbai it is essential for you to understand the fierce competition and accordingly prepare yourself as you strive for the different positions. It is a well known fact that Mumbai is a place where hundreds and thousands of people flock every year to locate a job of their profile and preferences. Finance jobs, especially at the entry level positions are hard to crack.

Some Useful Tips for Finance Jobs

Below is the list of some tips which can increase your chances of landing in a job of your choice, take a look-

  • Land in an internship
  • Go for certification courses
  • Develop useful skills to stand out from the crowd
  • Keep abreast of the latest advancements in the industry
  • Get in touch with the like minded people on the internet
  • Join various online groups and communities
  • Make a short and crisp resume

Some Leading Financial Services Company in Mumbai

  • SBI Capital Markets Limited
  • Housing Development finance Corporation
  • DSP Merrill Lynch Limited
  • Birla Global Finance Limited
  • LIC Finance Limited
  • ICICI Group
  • Infrastructure Leasing & Financial Services
  • L&T Finance Ltd

Some Positions and Annual Average Salaries in Mumbai

Finance professionals in Mumbai are handsomely paid when compared to other cities in India. In addition to the fat pay packages, employees working in the finance profiles enjoy bonuses, perks, medical cover and other such benefits. All salaries mentioned below are taken from pay-scale site.

  • Financial Analyst: Rs 389, 981 per year

  • Finance Manager: Rs 990,408 per year

  • Chief financial Manager: Rs 3,425,281 per year

  • Financial Controller: Rs 1,957,913 per year and so on

Conclusion

There is no paucity of finance jobs in Mumbai for the deserving candidates. Keeping your skills and knowledge up to date along with some hands on experience will help you to grab a job of your preferences. Further, in order to search for the various finance jobs in Mumbai, you can take the help of various online job portals which are updated with latest openings.

Do You Know the Truth About Jobs in Mumbai?

Mumbai is one of the richest and highly populated cities of India situated on the west coast. Known among the world’s top ten centers of commerce in terms of global financial flow, it is also the entertainment, financial and commercial capital of India. Initially, this place was known as Bombay, which is now regarded as the unofficial capital of India.

Furthermore, this city houses some of the well-renowned financial institutions like Reserve Bank of India (RBI), Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE) and Securities and Exchange Board of India (SEBI).

The various job opportunities offered by this city and the potential to offer a higher standard of living attracts thousands of people from all over the country. It generates around 6.16% of the total GDP of India (Source Wikipedia). At present, Mumbai offers jobs in almost all the sectors starting from the finance jobs, IT jobs to Healthcare jobs and pharma jobs. Below is the list of major industries in Mumbai that produces numerous job vacancies in Mumbai for a large number of people:

Manufacturing Industry: Mumbai is considered as the major centre for the manufacturing industry. Starting from the cars and bikes to petrochemicals and pharmaceuticals, everything is manufactured in this city. This industry generates thousands of jobs for various positions to numerous job seekers. Some of the most popular manufacturing companies in Mumbai are Aditya Birla Group, Larsen & Toubro, Bombay Dyeing, Hindustan Lever Network, Asian Paints, etc.

Entertainment Industry: Mumbai is well-known for housing India’s “Bollywood” that includes Hindi movie and television industry. This industry also generates a large number of employments for various people.

Finance Industry: Presence of major financial institutions such as Bombay Stock exchange and National Stock Exchange of India in Mumbai generates a lot of jobs and career opportunities for its people.

Cotton Industry: Another most important industry in Mumbai generating numerous jobs is the cotton industry. It is one of the oldest industries in India. Mumbai is the place where the first modern cotton industry was set by Cawassji Dawar in the year 1854.

Consumer Packaged Goods Industry: This industry produces various types of processed foods, soft drinks, toys and more. All these things have become an important part of daily life thus there is a huge demand for these products. The increased demand for consumer packaged goods has increased the jobs opportunities. Some of the popular consumer packaged goods companies in Mumbai are Procter & Gamble, Godrej, Hindustan Unilever Limited, etc.

In order to find the best job opportunity in Mumbai, it is advisable to make use of some good online job portals and employment sites. Doing this will help you to know about the current job openings in various companies across different industries.