State of BFSI Tech Talent Report 2024

Hiring in the BFSI (Banking, Financial Services, and Insurance) tech sector can feel like an uphill battle, can’t it? From figuring out what the top tech talent expects in terms of pay to addressing the persistent gender gaps in specific roles, it’s not always straightforward. That’s exactly why we’ve created the State of BFSI Tech Talent Report 2024—a comprehensive resource to help you navigate these challenges and make smarter hiring decisions.

This isn’t just another set of numbers; it’s a well-rounded analysis packed with insights on everything from salaries and diversity to the most in-demand skills and where to find the best talent. If you’ve been feeling the pressure of finding the right candidates, this report is here to ease that burden.

What’s inside the report?

Let’s break it down into the essentials:

• Accurate Salary Data (Because Guessing Is Exhausting):
  Ever caught yourself second-guessing whether your offer is competitive enough? You’re not alone. We’ve analyzed over 100,000 data points to bring you the most up-to-date salary trends across various BFSI tech roles. Whether you’re looking to hire fresh graduates or seasoned professionals, this data will help you structure offers that make sense. For instance, the report reveals that BFSI tech salaries have seen an 11.33% average increase across the board in the last year, with some of the biggest jumps in roles like Data Science and DevOps.
• The Gender Diversity Gap—It’s Time to Address It:
  Yes, the gender gap in tech is real, and it’s especially pronounced in BFSI tech roles. Our report highlights where these gaps are most significant, particularly in areas like DevOps and Security, where the diversity ratios are notably low. But it’s not all bad news—there are roles, like Quality Assurance and Risk, where the gender gap is much narrower. Knowing where the gaps are can help you create more inclusive hiring practices that move the needle in the right direction.
• Top Locations for Hiring BFSI Tech Talent:
  Location matters, especially when it comes to hiring in BFSI tech. Unsurprisingly, Bangalore and Pune are leading the way, but our report goes beyond the obvious to show you exactly which cities are thriving for specific roles. Did you know, for example, that Hyderabad is becoming a hotspot for backend roles? With this insight, you can expand your search into new regions and access talent pools you may have overlooked.
• Trending Skills:
  In the fast-moving world of BFSI tech, keeping up with the latest in-demand skills is crucial. Our report highlights which skills are gaining traction and where you’ll find candidates with those competencies. Unsurprisingly, Data Science continues to dominate, with Machine Learning and Data Visualization leading the pack. In DevOps, Kubernetes and Jenkins are in high demand. Armed with this knowledge, you’ll know exactly what to look for when you’re searching for your next hire.

Why should you download this report?

We know your time is valuable. Between screening candidates, scheduling interviews, and managing offers, it’s easy to get overwhelmed. That’s where this report comes in—it gives you clear, actionable insights, so you can cut through the noise and focus on what really matters.

Here’s why this report will make your job easier:

1. It’s based on real data. We’ve taken the guesswork out of hiring with AI-analyzed data from 84,000 candidate profiles and 10,000 recruiter-candidate interactions. This means you’re getting the most accurate and reliable insights available.
2. It’ll speed up your hiring process. Knowing which skills are in demand and where to find the best talent means you’ll spend less time searching and more time making offers. Plus, this data can help you craft more competitive offers, reducing the back-and-forth during negotiations.
3. It’s completely free. There are no strings attached—just real, useful information you can use right away. All you need to do is fill out the form below, and the report is yours.
4. It’s tailored to your needs. Whether you’re a CHRO, Talent Acquisition leader, or recruiter, this report is designed with you in mind. It’s packed with insights that will help you stay ahead in the fast-paced world of BFSI tech hiring, from salary trends to diversity insights.

Ready to hire with confidence?

If you’re tired of navigating the hiring process without enough data to back your decisions, this report will be a game-changer for you. Instead of relying on gut feelings or outdated trends, you’ll have access to fresh, relevant insights that will help you make smarter, faster decisions.

👉 Download your free copy now and start hiring with confidence. Whether you’re looking for top tech talent or just want to stay informed on the latest trends, this report has you covered.

Instahyre Talent Intelligence Reports help TA professionals, recruitment heads, founders, CEOs, and CXOs develop well-informed decisions about hiring strategies. Our in-depth AI-powered reports uncover critical data insights from millions of candidate profiles, recruiter actions, company preferences, and candidate-recruiter interactions. We use advanced data models and analytics to provide a comprehensive view of the entire talent acquisition landscape – a first in the industry.