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July 14, 2021

Asia-Pacific’s banking and payments industry IT hiring activity rises 13.4% in June 2021

By Verdict Staff

Asia-Pacific witnessed a 13.4% rise in IT hiring activity in the banking and payments industry in June 2021 compared with the previous month, according to GlobalData’s Job Analytics index.

June 2021 has seen an increase of 4.8% in the overall hiring activity when compared with May 2021.

IT jobs accounted for a 21.47% share in the industry’s total hiring activity in June 2021, registering an increase of 1.49% over the last three-month average share.

Software and Web Developers, Programmers, and Testers Occupations leads by classification in June 2021

Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Asia-Pacific with a share of 74.64% in June 2021, a 20.19% growth over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 11.64% in June 2021, marking an 18.82% month-on-month an increase. In the third place was Database and Network Administrators and Architects with a share of 6.73% in June 2021, a 6.38% growth from May 2021.

Computer and Information Analysts registered a share of 3.67% in June 2021, a 10.16% rise over the previous month.

Top five banking and payments companies in Asia-Pacific’s IT recruitment activity in June 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average growth of 35.94% in the overall IT recruitment activity of Asia-Pacific’s banking and payments industry during June 2021 over previous month.

Affiliated Managers Group posted 1,180 IT jobs in June 2021 and registered a an increase of 21.27% over the previous month, followed by Citigroup with 910 jobs and a 67.9% growth. JPMorgan Chase with 822 IT jobs and HSBC with 742 jobs, recorded a 52.79% growth and a 38.69% increase, respectively, while Fidelity National Information Services recorded a 14.69% an increase with 734 job postings during June 2021.

Country-wise composition of IT hiring in Asia-Pacific’s banking and payments industry

India commanded a leading presence in the region’s banking and payments industry IT hiring activity with a 69.86% share in June 2021, an 18.86% rise over May 2021. China featured next with a 6.95% share, up 32.43% over the previous month. Australia recorded a 6.51% share, a growth of 13.71% compared with May 2021.

Junior Level job postings dominate in June 2021

Junior Level jobs held a share of 49.25%, down by 7.04% from May 2021. Mid Level positions with a 34.17% share, a growth of 80.94% compared with the previous month.

In the third place was Entry Level job ads with 14.4% share, up 26.56% over May 2021, while Senior postings accounted for 2.17%, recording a month-on-month growth of 56.69%.

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