Highlights

  • JPMorgan plans 5%-7% annual headcount growth in India
  • India workforce includes 55,000 employees across multiple functions
  • New offices in Bengaluru and Mumbai planned

Latest news

RBI focuses on expanding UPI for cross-border payments

RBI focuses on expanding UPI for cross-border payments

Fardeen Khan's cinematic return: eyeing Bollywood & South

Fardeen Khan's cinematic return: eyeing Bollywood & South

Maharashtra CM advocates lawful approach to Aurangzeb Tomb Issue

Maharashtra CM advocates lawful approach to Aurangzeb Tomb Issue

Controversy & Triumph: India's glory in Champions Trophy 2025

Controversy & Triumph: India's glory in Champions Trophy 2025

India imposes anti-dumping duty on Trichloroisocyanuric Acid imports

India imposes anti-dumping duty on Trichloroisocyanuric Acid imports

Rohit Sharma dispels ODI retirement rumors post champions trophy win

Rohit Sharma dispels ODI retirement rumors post champions trophy win

Modi's Mauritius Visit: New chapter in India-Mauritius relations

Modi's Mauritius Visit: New chapter in India-Mauritius relations

Shiv Sena's Rajpurohit detained for extortion allegations

Shiv Sena's Rajpurohit detained for extortion allegations

JPMorgan to increase workforce in India by 5-7% over next few years: Report

JPMorgan aims to increase its India headcount by 5%-7% annually, adding to its current 55,000 employees. Expansion includes new offices in Bengaluru and Mumbai, and refurbishing existing offices

JPMorgan to increase workforce in India by 5-7% over next few years: Report

JPMorgan Chase plans to grow its headcount in India by 5%-7% annually over the next few years, Reuters reported quoting a Senior Executive. This comes as the bank doubles down in one of the hottest markets globally for talent to support international operations.

JPMorgan hiring plans

JPMorgan employs about a fifth of its global workforce, across five Indian cities. Currently, the total headcount in India is about 55,000 people. In India employees are hired across functions ranging from technology and human resources to operations and compliance.

"The way I would put it is that there is demand. For senior levels and for deep skills, there is competition, which is healthy," Deepak Mangla, CEO of JPMorgan's corporate centers in India and the Philippines told Reuters.

However the 5-7% hiring rate is less than the 8%-10% that was seen over the past few years. Reuters quoted CEO of JPMorgan's corporate centers in India and the Philippines Deepak Mangla and said that the bank is planning to build two new offices in the Indian tech hub of Bengaluru and the country's financial capital of Mumbai as part of its expansion plans. It will also refurbish its offices in Noida and Pune over the next four years while consolidating the footprint in existing office spaces in Bengaluru, Mumbai and Hyderabad.

Talent hunt in India

JPMorgan's peers including Bank of America and Goldman Sachs are also expanding in India via global capability centres. As per consulting firm ASNR, the expansion is expected to more than double in market size to $110 billion by 2030.

Also watch: JPMorgan Chase's Jamie Dimon reveals morning routine: 'Up at 4:30, read 5 papers'

ADVERTISEMENT

Up Next

JPMorgan to increase workforce in India by 5-7% over next few years: Report

JPMorgan to increase workforce in India by 5-7% over next few years: Report

Global stock market indices: How the world markets performed today - 07 March 2025

Global stock market indices: How the world markets performed today - 07 March 2025

Indian stock market sector-wise performance today - March 10, 2025

Indian stock market sector-wise performance today - March 10, 2025

Top 5 Nifty 50 gainers today – March 10, 2025: Biggest stock moves

Top 5 Nifty 50 gainers today – March 10, 2025: Biggest stock moves

NSE Nifty 50: Top 5 stock losers of March 10, 2025

NSE Nifty 50: Top 5 stock losers of March 10, 2025

Indian stock market sector-wise performance today - March 07, 2025

Indian stock market sector-wise performance today - March 07, 2025

ADVERTISEMENT

editorji-whatsApp

More videos

NSE Nifty 50: Top 5 stock losers of March 07, 2025

NSE Nifty 50: Top 5 stock losers of March 07, 2025

Top 5 Nifty 50 gainers today – March 07, 2025: Biggest stock moves

Top 5 Nifty 50 gainers today – March 07, 2025: Biggest stock moves

Global stock market indices: How the world markets performed today - 06 March 2025

Global stock market indices: How the world markets performed today - 06 March 2025

Indian stock market sector-wise performance today - March 06, 2025

Indian stock market sector-wise performance today - March 06, 2025

Top 5 Nifty 50 gainers today – March 06, 2025: Biggest stock moves

Top 5 Nifty 50 gainers today – March 06, 2025: Biggest stock moves

NSE Nifty 50: Top 5 stock losers of March 06, 2025

NSE Nifty 50: Top 5 stock losers of March 06, 2025

Global stock market indices: How the world markets performed today - 05 March 2025

Global stock market indices: How the world markets performed today - 05 March 2025

Indian stock market sector-wise performance today - March 05, 2025

Indian stock market sector-wise performance today - March 05, 2025

Top 5 Nifty 50 gainers today – March 05, 2025: Biggest stock moves

Top 5 Nifty 50 gainers today – March 05, 2025: Biggest stock moves

NSE Nifty 50: Top 5 stock losers of March 05, 2025

NSE Nifty 50: Top 5 stock losers of March 05, 2025

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.