A Study of Competencies and Skill Sets Needed by Potential Recruiters in the Financial Sector for Management Graduates

The global economic crises which has gripped the developed economies and also has its ripple effects on emerging economies like India. Organizations are trying hard to cut down on their recruitment and training cost in order to improve their bottom lines. They want to recruit candidates who are job ready in terms of knowledge and competencies apt for the job. Financial sector in India comprises of financial institutions, banks, insurance companies and various non banking finance companies which offer immense opportunities to management graduates looking for specialized jobs in finance area. Some of the skill sets required for such jobs are: analytical ability, quantitative skills, strong knowledge of basics of accounting and finance, basics of statistics and MS Excel Application and so on. The objective of the study has been to identify and analyse the specific skill sets required by the Financial Sector Players for management graduates. This research is based on primary as well as secondary data. Primary data has been collected from the managers of 45 Finance Companies and banks located in the NCR region. Questionnaire comprising of both closed ended as well as open ended questions has been circulated among the managers. The research study is descriptive in nature.