Big Take Asia Wall Street Speeds Up India Expansion
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Nov 11, 2025 Siddhi Nayak, a Bloomberg finance reporter in Mumbai, dives into the rapid expansion of Wall Street banks in India, highlighting a shift towards high-skill positions like software engineering and risk management. She discusses how India’s job landscape has evolved from call centers to tech hubs, driven by increasing demands from major banks. The impact of Donald Trump's H-1B visa fee is examined, revealing its role in accelerating hiring in India and shifting focus away from U.S. talent. This change is set to reshape the Indian job market, offering more opportunities for graduates.
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Live LinkedIn Job Hunt Example
- Siddhi and David searched LinkedIn together and found vice-president level software engineering roles in Hyderabad listed by Goldman Sachs.
- The example illustrated how India job postings now show senior technical and audit roles.
India Hubs Run Mission-Critical Work
- Global banks' India centers now deliver high-skill finance and tech work rather than just call-center support.
- These GCCs increasingly run mission-critical systems and risk functions for Wall Street firms.
From Support To Core Financial Roles
- Goldman Sachs grew from 300 tech-support staff in 2004 to over 8,000 employees doing core financial tasks.
- India offices now handle financial analysis, risk management, and roles once located in U.S. cities.