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January 17, 2022updated 18 Jan 2022 9:48am

Asia-Pacific is seeing a hiring boom in private banking industry data analytics roles

By Michael Goodier

Asia-Pacific was the fastest growing region for data analytics hiring among private banking industry companies in the three months ending November.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The number of roles in Asia-Pacific made up 31.5 per cent of total data analytics jobs – up from 30.2 per cent in the same quarter last year.

That was followed by Middle East & Africa, which saw a 0.5 year-on-year percentage point change in data analytics roles. https://datawrapper.dwcdn.net/WidNr/1/

The figures are compiled by GlobalData, who track the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData’s thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.

These key themes, which include data analytics, are chosen to cover “any issue that keeps a CEO awake at night”.

By tracking them across job advertisements it allows us to see which companies are leading the way on specific issues and which are dragging their heels – and importantly where the market is expanding and contracting.

Which countries are seeing the most growth for data analytics roles in the private banking industry?

The fastest growing country was India, which saw 20.4 per cent of all data analytics job adverts in the three months ending November last year, increasing to 21.9 per cent in the three months ending November this year.

That was followed by Canada (up 0.6 percentage points), South Africa (up 0.5), and Australia (up 0.1). https://datawrapper.dwcdn.net/VHEoI/1/

The top country for data analytics roles in the private banking industry is the United States which saw 41.1 per cent of all roles in the three months ending November.

Which cities are the biggest hubs for data analytics workers in the private banking industry?

Some 5.4 per cent of all private banking industry data analytics roles were advertised in Pune (India) in the three months ending November – more than any other city.

That was followed by Charlotte (United States) with 5.4 per cent, Hyderabad (India) with 3.7 per cent, and Bengaluru (India) with 3.6 per cent. https://datawrapper.dwcdn.net/DUaL7/1/

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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