“There are many job roles opening in the BFSI sectors. It is one of the fastest-growing sectors worldwide. Let us find more in the article below.”
Jobs for fresh graduates: One of the major issues the world is facing right now is unemployed graduates. Many factors give rise to this prevailing issue of unemployment in society. Most graduates face this issue when they do not find a job or new opportunities in the market.
The BFSI Sector comprises Banking, Financial Services and Insurance. All these sectors are the pillars of a country’s economy. It provides many job opportunities with flexible qualifications. There are many career growth opportunities in the BFSI sector. There are many job roles where a graduate can get decent pay with multiple benefits. In this article, we will talk about some major jobs for freshers graduates in 2024.
How will the BFSI Sector Provide Jobs For Freshers In 2024?
The BFSI sector is a rapidly growing sector that provides many services ranging from financial and banking to insurance coverage. This sector is huge and consists of a large number of job roles with different responsibilities and roles. Freshers can get jobs and training in the BFSI sector, which also promotes career growth opportunities and perks. Freshers can gain new knowledge and skills that will help them.
Most of the job roles in the BFSI sector require flexible qualifications. However, the most important thing is quick learning. BFSI jobs require soft skills such as communication, customer service, relationship management, etc. Candidates must be quick learners and have a good knowledge of the BFSI Sector.
Also read: High Paying BFSI Jobs and How PW Skills Can Help You
Top 5 Jobs For Fresher Graduates in India
Nowadays, The job market is very tough, and candidates must give their best to get a job in India. Read between 2024 is also qualified.
1. Business Correspondent
The main role of a business correspondent is to manage major financial services and management.
| Top 5 Fresher Graduates In India |
| Responsibilities: Rural financial services and account management.
Average Salary: ₹2.2 – ₹4.5 lakhs Skills and qualifications Required: a bachelor’s degree in any recognized field Career growth: Growth within the BFSI Sector |
2. Debt Recovery Agent
It is also one of the entry-level jobs in India. A bachelor’s degree is preferred. However, it is not mandatory. Their main role is to collect debts, evaluate balance money, etc.
| Top 5 Fresher Graduates In India |
| Responsibilities: Collecting debts, negotiations, legal actions.
Average Salary: ₹1.9 – ₹2.4 lakhs Skills and qualifications Required: a bachelor’s degree in any recognized field Career Growth: Progression to collection manager or credit analyst. |
3. Credit Processing Associate
Freshers can easily apply for the credit associate whose job responsibilities are mainly loan assessment and verification, disbursements, and legal actions. The pay for this job role is decent, with a good chance of growth in very little time.
| Top 5 Fresher Graduates In India |
| Responsibilities:Loan assessments, disbursements, credit evaluation.
Average Salary: ₹3.1 – ₹6 lakhs Skills and qualifications Required: a bachelor’s degree in any recognized field Career Growth: Advancement to credit analyst, loan officer, or underwriter |
4. Insurance Agent
An insurance agent is a professional who provides safety coverage from life-threatening accidents or illnesses. Candidates who are recent graduates can get a lot of opportunities in the insurance sector with good pay and career growth.
| Top 5 Fresher Graduates In India |
| Responsibilities: Selling insurance policies to individuals and businesses. Also, assessing clients’ needs, providing information on insurance products, and helping clients choose coverage.
Average Salary: Rs 2 to Rs 4 Lakh Skills and qualifications Required: High school or diploma in an equivalent area. Career Growth: Potential commissions, managerial roles. |
5. Mutual Fund Agent
The responsibility of a mutual fund agent is to provide mutual funds to the investors and keep themselves updated with the market trend to give advice accordingly.
| Top 5 Fresher Graduates In India |
| Responsibilities: Assisting clients with mutual fund investments, offering advice and monitoring portfolios. Aiding clients in achieving their financial goals
Average Salary: Rs 2 to Rs 4 Lakh Skills and qualifications Required: High school or diploma in an equivalent area. Career Growth: Growing income, transition to financial advisory. |
Also read: Is Banking A Good Career Options In 2024?
6. Microfinance Executive
A microfinance Executive is a person who is responsible for selling microloans, savings, insurance, pensions and other services. They also assist potential customers in filling out their loan applications.
They also help in assessing creditworthiness, disbursing loans, and supporting repayment processes.
| Top 5 Fresher Graduates In India |
| Responsibilities: Providing small loans to low-income individuals and entrepreneurs.
Average Salary: Rs 2 to Rs 4 Lakh Skills and qualifications Required: Bachelor’s degree in any field from a recognised university. Career Growth: Opportunities in management or related fields. |
7. Accounts Executive
An account executive is responsible for providing effective advice in promoting their company’s products and services. They also generate advertising campaigns for clients. They are responsible for maintaining strong relationship with potential clients and existing ones.
| Top 5 Fresher Graduates In India |
| Responsibilities: Financial records, reporting, compliance.
Average Salary: Rs 1.1 Lakh to Rs 4.8 Lakh Skills and qualifications Required: Bachelor’s degree in any field from a recognised university. Career Growth: Progression to accountant and finance manager. |
Also read: Top 10 Banking And Finance Companies (BFSI Companies)
How to Get Job Offers in BFSI Sectors?
Getting a job in the BFSI sector is not difficult and interested candidates can get a good offer by keeping certain points in mind. However, candidates must fulfill certain requirements before starting applying for jobs in different roles in the BFSI Sector.
- The first step is to prepare your resume, covering all your achievements, qualifications, experience, etc.
- Candidates must have done some certification course which will increase their chances of getting shortlisted.
- Search for jobs on different platforms, such as LinkedIn, Naukari, etc.
- Also, try to approach the hiring team of the company currently undergoing recruitment.
- Also, add some real time experience and projects in your resume for the relevant job profile you are targeting.
We are providing a self paced course completely covered by the industry experts. The course contains the latest curriculum according to the requirements of a fresher. The Postgraduate Certification Course for BFSI by PW Skills provides the overall development of a candidate covering the major aspects given below.
- Resume making
- Updated Curriculum
- Doubt Solving
- Quizzes and assignment
- Placement assistance
- Interview Preparation
Also read: What is the BFSI Industry in 2024? Types, Recent Trends, Opportunities, Future Outlook
FAQs
Can I apply for a banking job as a fresher?
Yes, the banking sector offers many entry level jobs for fresh graduates in different fields. The jobs offer good salaries along with many benefits and allowances.
What are some of the jobs for fresh graduates in the BFSI sector?
Some of the job roles in the BFSI sector include, business correspondent, debt recovery agent, accounts executive, and many more. Read the article to know more.
What is the minimum qualification required for getting jobs in BFSI?
There are no minimum qualifications in BFSI sector as the job roles in BFSI sector are much flexible and even fresh graduates or 12th pass can apply for different entry level jobs in BFSI Sector.
