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Hiring Trends in Finance 2022: Before vs After Pandemic

In the wake of the pandemic, many businesses have been forced to downsize or close their doors altogether. This has led to a change in hiring trends of finance and a decrease in demand for finance-related services and many finance professionals have lost their jobs as a result. The average salary for finance jobs decreased by 5%. The number of finance job postings and number of finance job seekers also decreased by 12% & 9% respectively. 

The situation is slowly improving, but the finance sector is still struggling. Many businesses are reluctant to hire new employees, and those who are looking for finance-related positions are facing stiff competition. The hiring trends in finance are changing, and the pandemic has accelerated these changes. In this post, we will take a look at these changes taking place in hiring trends in finance due to the pandemic.

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Top 5 Hiring Trends in Finance in 2022

The pandemic has changed hiring trends in finance in several ways. First, there is an increased demand for finance professionals with experience in remote work and online collaboration tools. Second, there is a greater emphasis on financial analysis and forecasting, as companies seek to make more informed decisions about their future. Finally, there is a growing need for finance professionals who can help companies navigate the new landscape of digital commerce and payments. The finance industry is constantly evolving, and this is reflected in the hiring trends that emerge within the sector. Here are five of the most prominent hiring trends of 2022 in the finance industry, which are expected to continue in the next few years:

1. Focus on Data Analysis and Interpretation

With the ever-increasing availability of data, finance professionals are increasingly required to have strong skills in data analysis and interpretation. This trend is only expected to continue in the coming years, as data becomes increasingly central to decision-making in the finance industry.

2. Need for Strong Interpersonal Skills

Finance is a highly collaborative industry, and as such, strong interpersonal skills are increasingly seen as a key requirement for finance professionals. In 2022 & the coming years, those who can effectively communicate and work well in team environments will be high in demand.

3. Emphasis on Technical Skills

As the finance industry becomes increasingly complex, there is a growing need for finance professionals who have strong technical skills. Technical skills help the individual perform their tasks without any difficulties. Expertise in financial modeling and data analysis is expected to be in high demand in the coming years.

4. Focus on Risk Management

With the recent global financial crisis still fresh in many people’s minds, risk management has become a key concern for the finance industry. As a result, those with experience in risk management and financial analysis are in high demand in 2022 and expected to rise in the coming years.

5. Increased Need for Compliance Related Skills

As regulations continue to tighten in the finance industry, there is an increasing need for professionals with better compliance-related skills. In particular, expertise in financial regulations and Sarbanes-Oxley compliance is expected to be in high demand in the coming years.

Hiring Trends in Finance: Before vs After the Pandemic 

The finance sector in India has been hit hard by the pandemic, with job losses and pay cuts across the board. However, there are some silver linings, there has been an uptick in hiring in certain segments, and some companies are even offering attractive relocation packages to lure talent from metro cities. Before the pandemic, the finance sector was booming, with strong growth in both job openings and salaries. 

According to the National Association of Colleges and Employers (NACE), The average salary in the finance sector was Rs.8.5 lakhs per annum, and there was a 15% growth in job openings in 2019. However, the pandemic has changed that. The pandemic has led to a sharp slowdown in economic activity, which has had a direct impact on the finance sector. In the last few months, there have been mass layoffs in the finance sector. 

Through these statistics we can understand how the pandemic impacted the finance sector in India: 

(The data comes from a survey of finance professionals in India)

  • There has been a decrease in the number of job postings in the Finance sector by 20-30%
  • The pandemic has also led to a decrease in the number of interviews by 20-30%
  • The average salary offered in the finance sector has also decreased by 10-15%

Impact of Pandemic on Finance Jobs in India:

According to the report by the International Labour Organization, the pandemic has had a profound impact on Finance jobs in India. In 2019, there were an estimated 1.2 million Finance jobs in India. This number dropped to 1.1 million in 2020, a decline of 8%. In 2021, the number of Finance jobs is expected to rebound to 1.2 million, an increase of 9%. However, the pandemic is still expected to have a long-term impact on Finance jobs in India, with the number of Finance jobs in 2022 expected to be 1.1 million. This is a decline of 8% from 2019.

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4 Challenges of Post-Pandemic World for Finance Professionals 

The post-pandemic world is likely to be one of increased uncertainty and risk. This will present challenges for finance professionals, who will need to adapt their knowledge to support their organizations through this period of change. Some of the key challenges that Finance professionals are likely to face include:

1. Managing Risk
The COVID-19 pandemic has created a more uncertain and risky world for businesses. This means that Finance professionals will need to be more proactive in identifying and managing risks. They will need to have a good understanding of the potential impacts of risks on their businesses and be able to put in place effective mitigation strategies.

2. Supporting Businesses
The pandemic has had a significant impact on businesses around the world. As a result, finance professionals will need to be adept at providing support to businesses through difficult times. This may include providing advice on cash flow management, restructures, and cost-cutting measures.

3. Navigating a Changing Regulatory Landscape
The pandemic has led to several changes in the regulatory landscape. For example, governments have introduced a range of measures to support businesses through the pandemic, such as loan guarantees and tax breaks. Finance professionals should keep abreast of these changes and ensure that their organizations are compliant.

4. Managing the Impact of Digitalization
The pandemic has accelerated the trend toward digitalization, with many businesses moving to online platforms and services. This has had a major impact on the way that Finance professionals work, with a greater reliance on data and analytics.

5 Future Trends in Finance

Alternative finance is a rapidly growing sector that includes everything from peer-to-peer lending to crowdfunding. This trend is being driven by the increasing demand for more flexible and innovative financing options. The future trends in finance are far-reaching and complex. The world of finance is constantly improving and recovering from the impact of the pandemic, and various trends are likely to shape the future of the industry. Here are five of the most significant trends that are likely to have an impact on the finance industry in the years to come:

1. Increased Regulation 

In the wake of the global financial crisis, there has been a push for greater regulation of the financial industry. This is likely to continue in the future, as governments seek to protect consumers and prevent another major economic meltdown. This could lead to higher compliance costs for financial institutions, as well as more restrictions on their activities. 

2. Greater Use of Technology 

Technology is playing an increasingly important role in the world of finance, and this is likely to continue in the future. Financial institutions are using technology to automate processes, improve customer service, and detect and prevent fraud. In addition, the use of mobile devices and online banking is increasing. This will have a major impact on the way that financial services are delivered in the future. 

3. Rise of Alternative Lenders 

The traditional banking system is under pressure, and this is leading to the rise of alternative lenders. These lenders are often more flexible than banks and are willing to lend to businesses and individuals that might not be able to get finances from traditional sources. This could lead to a more diverse and competitive lending market in the future. 

4. Greater Focus on Sustainability 

There is a growing awareness of the need to address environmental and social issues, and this is likely to have an impact on finance in the future. And there is a growing demand for products and services that have a positive impact on the environment and society. This could lead to more sustainable businesses and a more sustainable economy in the future. 

5. Changing Demographics 

The population is aging, and this is likely to lead to changes in saving and investment patterns. In addition, the rise of the middle class in developing countries is likely to create new opportunities for financial institutions.


The pandemic has caused many changes in the finance industry, and hiring trends that exist within are no exception. Before the pandemic, many finance companies were focused on hiring experienced professionals with extensive knowledge in specific areas. However, after the pandemic hit, companies began to prioritize hiring individuals with a more well-rounded skill set who could adapt to change. This shift is likely to continue in the coming years, as the pandemic has shown that the ability to adapt is key to success in the finance industry.


1. What are the skills required for Finance jobs in India?

The skills required for Finance jobs in India include: 

  • Analytical and problem solving skills 
  • Good communication and presentation skills 
  • Interpersonal skills 
  • Leadership and management skills 
  • Organizational skills 
  • Planning and strategic thinking skills 
  • Research skills 
  • Risk management skills 
  • Strong mathematical skills

2. What are the top priorities for Finance professionals in 2022?

The top priorities for Finance professionals in 2022 include:

  • Improving financial planning and forecasting
  • Enhancing cost control and reducing expenses
  • Implementing more effective cash management solutions
  • Optimizing working capital
  • Developing stronger internal controls
  • Strengthening relationships with key stakeholders
  • Improving corporate governance
  • Enhancing risk management processes
  • Implementing new technologies to improve efficiency
  • Improving communication and collaboration within the Finance function

3. What economic conditions will impact Finance in 2022?

Interest rates, unemployment, inflation, and GDP growth are some of the main economic conditions that will impact Finance in 2022.

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