ISSN: 2265-6294

Modelling the Increasing Inclination of Youngsters towards the BFSI Domain: A Structural Equation Modelling Approach

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Dr. Charul Jain, Dr. Ajit Singh Tomar,Dr. Amit Shrivastava

Abstract

This study investigates the factors influencing youngsters' inclination towards the Banking, Financial Services, and Insurance (BFSI) domain. Using a structural equation modelling approach, we examine the relationships between career growth, job security, technology adoption, and inclination towards BFSI. The results indicate that career growth opportunities, job security perceptions, and technology adoption significantly influence youngsters' inclination towards the BFSI domain. The developed model explains 70% of the variance in inclination towards BFSI, supporting all three hypotheses. The findings have implications for BFSI companies, educators, and policymakers to develop strategies that attract and retain young talent.

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