|Chennai||Rs. 25020.00 (0.81%)|
|Mumbai||Rs. 25890.00 (0.98%)|
|Delhi||Rs. 25200.00 (-0.2%)|
|Kolkata||Rs. 25480.00 (1.03%)|
|Kerala||Rs. 24800.00 (0.61%)|
|Bangalore||Rs. 25000.00 (0.81%)|
|Hyderabad||Rs. 25080.00 (1.09%)|
A hundred thousand candidates have applied to the Securities and Exchange Board of India (Sebi) after it advertised for new officers to join the market watchdog.
This puts the number of candidates at over 1,300 for every opening, according to two people familiar with the matter - one Sebi official and the other a person who gave the exam; neither wanted to be identified.
There are only 75 posts available.
The exact ratio of candidates to the number of jobs on offer is 1:1,333, a statistic that makes Sebi roughly 10 times harder to get into (statistically) than Google.
Google, whose employee perks include massage and concierge services, reportedly gets over a million applications and selects a few thousand candidates each year. Foreign media reports pegged the figure at 130 applicants for every candidate selected.
This is still a 10th of the competition for a job at Sebi. One Sebi official, who declined to be identified suggested weak market conditions and an attractive pay package drew the crowd.
"This is the first time after a long while that Sebi has gone in for such a major recruitment drive and the remuneration is also attractive," said the person.
The regulator's advertisement pegged the cost to company (CTC) at Rs 11 lakh.
E Balaji, an independent human resources consultant said candidates are attracted by pay, profile and parentage. "Government jobs tend to receive a lot of applications…Sebi is a good brand, the compensation is attractive and there are opportunities for training and development," he said.