Financial services sector provided maximum employment opportunities in Tier III & II Cities– Assocham Study
According to a Study by Assocham, Out of the 30 sectors, in both the tier II and tier III cities financial services sector provided maximum employment opportunities to the aspirants. The sector contributed a share of 19.5 per cent and 22.5 per cent in tier II and tier III cities respectively in terms of job openings.
The second largest share of the vacancies posted in the upcoming cities was for IT sector as the sector provided jobs to large number of aspirants contributing a share of 17 per cent in tier II cities and 17.5 per cent in tier III cities of the total sample.
Ranchi has emerged as the lead employment provider among tier III cities in the forth quarter of fiscal 2010-11 (between Jan to March 11th) with a share of 17.8 per cent followed by Mangalore and Mysore of 13.9 per cent and 12.07 per cent respectively out of the total jobs tracked by Assocham.
Pune has emerged as the lead employment provider among tier II cities in the forth quarter of fiscal 2010-11 (between Jan to March 11th) with a share of 21.5 per cent followed by Lucknow and Pondicherry of 15.5 per cent and 11.5 per cent respectively out of the total jobs tracked by the Assocham.
The tier II cities including Pune, Surat and Jaipur recorded maximum vacancies in insurance companies, banks, mutual funds, and brokerage houses. Among tier III cities Mangalore, Pondicherry and Aurangabad provided highest job openings in finance-related jobs.
The IT and IT-enabled services provided maximum job openings in Pune, Surat, Ahmedabad and Nagpur belonging to tier II cities. The low-cost cities of Mangalore, Jalandhar and Aurangabad were the most sought after by the IT firms amongst tier III cities.
In the tier II cities, the education sector occupied the third rank. It offered vacancies for teachers and professors in schools and universities contributing a share of 7.5 per cent in the total job openings.
After Mysore, the cities of Raipur, Udaipur and Aurangabad topped the chart with fourth, fifth and sixth ranks respectively of the tier III cities generating maximum employment opportunities. Out of the top ten tier III cities the last four ranks were occupied by the cities of Patiala, Jalandhar, Meerut and Vishakhapatnam respectively.
The automobile sector, at fourth rank constituting a share of 5.60 per cent is speeding towards the small cities where particularly two wheelers and low cost four wheelers are considered to be in high demand. The sector at fourth rank provided maximum vacancies in the cities of Pondicherry, Aurangabad, Vishakhapatnam and Mysore.
In tier three cities, research and consultancy offered a share of 4.81 per cent of vacancies to the aspirants. It occupied fifth rank as the highest employment provider in tier III cities of Ranchi, Aurangabad, Bhubneshwar, Coimbatore and Indore.
(Source- `New Employment Centre in Tier II & Tier III Cities’ by Assocham)
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