Bengaluru has become the top city for skilled workers in the Banking, Financial Services, and Insurance (BFSI) Global Capability Centres (GCCs), according to a recent report by Careernet.
The city hosts 35 per cent of all BFSI GCCs in India and has 26 per cent of active job seekers with the necessary skills for these roles.
Hyderabad is the second-most popular city for BFSI GCCs looking to set up or expand their operations in India. It is also the preferred choice for job seekers willing to move following Bengaluru. The report, titled "The Landscape of Active Talent Pool with Skills in Demand for BFSI GCCs in India," analysed data from over 241,000 job seekers.
It shows that American companies dominate the BFSI GCC sector in India, with two-thirds of these centres being operated by U.S. firms. Many of these centres are large employers, with over half of them hiring more than 1,000 people and some exceeding 10,000 employees. In terms of talent distribution, Bengaluru leads, followed by Pune (15 per cent), Hyderabad (14 per cent), and Chennai (12 per cent).
The tech sector has the largest number of job seekers at 34 per cent, while infrastructure and functional areas each account for 19 per cent. Emerging fields like analytics and next-generation technologies are also growing, with each representing 8 per cent of job seekers.
Neelabh Shukla, Careernet's Chief Business Officer, noted that India has a vast pool of skilled professionals, making it an ideal place for GCCs to grow and innovate. By 2030, he predicts there will be over 250 BFSI GCCs and around a million BFSI professionals in the country, further establishing India as a global talent hub.
