Software engineers are in high demand in the banking and financial technology companies as businesses go digital, with companies offering a handsome pay as well as ESOPs to the information technology professionals, the Financial Express reported.
A top-class IT engineer with a flair for analytics can get a hike up to 25 percent, with small lenders or fintech companies even offering a partnership in the business with an equity stake, the report said.
“A small NBFC may hire a CTO at Rs 60-80 lakh plus variable pay plus ESOPs while a larger organisation would be willing to offer anywhere between Rs 1.5 crore and Rs 2 crore,” Anshul Lodha, regional director (BFSI), Michael Page India said as reported by the Financial Express.
Even the NBFC sector is looking to hire around 35-40 percent of these professionals in the next six months, the report said.
Axis Bank has topped the list of financial companies for hiring the most in technology-allied roles. “Generally tech hiring contributes 2-4 percent of the lender’s annual recruitment number. The hiring mix is significantly shifting towards tech this year owing to the increased focus on technology which is directly linked to our growth in digitised offerings,” Rajkamal Vempati, HR head of the bank said.
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