Placement opportunities for graduates and post-graduates in finance and accounting are aplenty. The opportunity is like what Y2K was to IT professionals in the late 90s, industry sources said.

Sensitising candidates, officials of State Street HCL Services (SSHCL) — a joint venture of State Street Bank and HCL Technologies — said careers in financial services would see a huge push in the coming years as lots of money is expected to be invested in pension schemes, insurance, and the capital market.

SSHCL is gearing up to meet this challenge by adding a sizeable number of candidates on to its rolls immediately.

The company operates out of four locations, namely, Chennai, Coimbatore, Pune and Manila in the Philippines.

“We have made 150 offers in the last two months. We want to ramp up the numbers significantly in our Chennai and Coimbatore operations,” said Siddhartha, Board Member and Head of Operations, SSHCL.

He, however, did not divulge the headcount in each of the locations.

Speaking to BusinessLine on the sidelines of a seminar on ‘Careers in Financial Services’ organised by SSHCL in association with the Indian Chamber of Commerce and Industry, Coimbatore, at the PSG Tech Assembly Hall, a senior official said the company's recruitment drive in this part of the country, particularly in educational institutions located in tier-II and III locations, would be stepped up in the coming days.

“While candidates aspire for a career in finance, a good number of job-seekers are not good in the basics of accounting and capital markets. We have just two rounds — a written test followed by an interview. But not many clear the written test,” the source said, adding “of the few thousand that had taken the written test, we were able to select 150 candidates.”

The Hindu was the media partner for the event