In a challenging year for placements amid a global slowdown and mass layoffs by technology majors, the BFSI sector - one of the prominent recruiters on campus - has outperformed itself, bringing some relief to the Class of 2023 during final placements. Banking, financial services and insurance companies including HDFC Bank, ICICI Bank, JP Morgan, NatWest Group, DE Shaw India, Ambit, and Edelweiss Tokio Life Insurance, are significantly ramping up campus hiring across engineering and regular graduate colleges, business schools, and even CA and law institutes.
In some cases, such as JP Morgan, hiring of fresh college graduates will hit a new peak in 2023.
HDFC Bank has onboarded over 60% more from campuses this financial year over 2021-22 and added more institutes. "At our scale, the campus programme is a very important and sustainable avenue for onboarding young talent," said Geetha George, executive vice-president, human resources at HDFC Bank. "We will continue to invest in building talent through campus programmes in alignment with our overall growth plans."