All you need to know before you look for a job in Mumbai
Mumbai, has a long list of synonyms by which it is known as. Yet, being many in numbers they clearly deliver the message of the city being; the city of dreams, the financial capital or the land of hopes. Indeed, all these names which Mumbai has been conferred with are much more beyond the truth and in this article we will tell you how.
Mumbai, is one city which each one of us wants to visit once as a tourist or to live and find a job, to earn their bread and butter. Mumbai, embraces each and everyone, giving them opportunities to touch the heights of success. Mumbai is the city which has converted dreams to reality for many, by bringing their aspirations and dedication together, giving shape to their dreams. Mumbai carries a wide scope for one and many, which is entirely dependent upon the passion and desires.
Job market of Mumbai is highly diverse, professionals and freshers both are absorbed for various roles on the basis of their past experiences, education and interests. Mumbai, being one of the prominent business destinations, is a preferred location for many owing to the infrastructure and the enormous potential that it carries in itself. The availability of skilled and un-skilled workforce, faster access to cities within the country and abroad, presence of well developed infrastructure are the reasons which have led to the economic boom in this city.
So lets, take an overall look at the job sectors, the top organizations in these sectors along with the salaries that you may expect with a job in Mumbai.
Major job sectors & the top-10 employers in these sectors:
Mumbai has a variety of job sectors which is a mix of both large & small scale enterprises. Job in Mumbai in any of these sectors can easily be found with the requisite education, experience and the skills set. All these sectors are the top performing sectors which have the maximum number of jobs, and getting hired in any of these organization are goose steps for a deep rooted career in that sector. And owing to the presence of a variety of employers in a particular sector which makes it possible for everyone to keep their career progression constant; by switching jobs which come with greater decision making powers, bigger challenges, major responsibilities and of course lucrative pay package.
So lets take an individual look at these sectors and the top employers in that domain. Working for any of the top companies will provide exposure and learning environment; which will further help you with taking your career ahead, at various junctures in your life.
IT sector in Mumbai makes a significant contribution to the GDP of Mumbai. Maximum number of jobs in Mumbai are available in this sector. Those with skills in software development, coding, and testing is much in demand. Here are the 10 best employers from this sector operating in Mumbai.
Top-10 employers for IT jobs in Mumbai
Cognizant Technology Solutions
Larsen & Toubro Infotech
Tata Consultancy Services
b. Banking & Finance
Finance is the backbone of Mumbai, being the highest contributor in GDP of Mumbai which has made Mumbai, earn the title of being the financial capital of India. Professionals from the domain of finance have started their career in this city, due to the presence of wideband of employers from banking and financial services sector. Job in Mumbai, in the domain of finance can be found with any one of these top 10 employers.
Top-10 employers for finance jobs in Mumbai
SBI Capital Markets Limited
Housing development finance corporation
Bajaj Capital Limited
PNB Housing Finance Limited
DSP Merrill Lynch Limited
Birla Global Finance Limited
LIC Finance Limited
Infrastructure Leasing & Financial Services
L & T Finance Limited
c. Advertising & Media
Mumbai, has been serving as the home ground of Bollywood, which produces the maximum number of movies in an year as compared to any other film industry in the entire world. Not just Bollywood, advertising and entertainment companies have anchored themselves in this city. International advertising agencies identified the potential that Mumbai carries, and in fact which turned into reality, allowing these agencies to proliferate in the city and grow over these years. Mumbai, has a broad base of advertising companies from all across the globe. Job in Mumbai in this domain are available for those with skills and experience in job profiles such as media planning, client servicing, copy-writing and art.
Top-10 Advertising & Media companies in Mumbai
Ogilvy and Mather
J Walter Thompson India
Mudra Communication Pvt. Ltd
FCB-Ulka Advertising Ltd
McCann-Erickson India Ltd
RK Swamy/BBDO Advertising Ltd
Grey Worldwide (I) Pvt. Ltd
Leo Burnett India Pvt. Ltd
Contract Advertising India Ltd
Mumbai serves as a prominent travel destination, not just travel but also for the purpose of business. Tourists and business travellers arrive in the city each hour and to cater to the needs of both categories of tourists, Mumbai has witnessed a mushrooming of luxury hotels. Hospitality sector, does generate jobs for professionals with an educational background in this industry. Many prominent hotel chains have established their hotels in all parts of the city, requiring workforce for smooth hotel operations. Career in hotel industry has always been considered to be steady and growth oriented, and the trend has maintained its momentum.
Top-10 employers from hospitality sector
The Leela Kempinski
The Grand Central
The Taj Mahal Palace
Vivanta by Taj President
Annual compensation that you may expect with a job in Mumbai
In this sector the salaries are highly competitive and are entirely dependent upon the skills that you master as well as the number of years of experience with that skill. A software engineer with skills in JAVA/J2EE can expect a remuneration of Rs 357,309 per year. Those with experience in IT Project management and skills in JAVA/J2EE and oracle. Those who have more than 10 years of experience in this function are offered pay packages upto Rs 1,213,516 per year.
Entry-Level Consultants with a SAP certification can look at annual packages around Rs 475,359.
Those with experience in Business development functions have an earning potential of Rs 650,045 in the city of Mumbai. If you possess skills in Technical Sales, Business Strategy, Account Management, Customer Relationship Management (CRM) then your earning potential will rise considerably.
As for those aiming at joining banking and finance domain in this region, entry-level financial analyst roles in Mumbai can look forward for an offer of Rs 403,54, which is the average annual compensation as reported by PayScale, an online salary, benefits and compensation information company. Entry-level Chartered accountants can look at an annual compensation beginning from Rs 586,409 which will rise up to Rs 951,895 per year after earning 6 – 7 years of work experience in this city.
Advantages of Living in Mumbai
Living in Mumbai contributes towards an all round growth in your; personal and professional lives. Professional one will witness an upward growth in their overall performance as the work environment in Mumbai is highly challenging and competitive; which makes you push your limits as this world is all about survival of the fittest. Everyone is heading towards their own goal of life, which keeps them going with a hunger to stay ahead of the rest. Personally, one would develop a sense of brotherhood and a helping attitude, as the people living in the city are welcoming and will lend you their hand at times of need. Finding a job in Mumbai and living in Mumbai is an experience in itself which you will cherish all your life.