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June 30, 2021

Asia-Pacific’s banking and payments industry IT hiring activity rises 6.2% in May 2021

By Verdict Staff

Asia-Pacific witnessed a 6.2% rise in IT hiring activity in the banking and payments industry in May 2021 compared with the previous month, according to GlobalData’s Job Analytics index.

May 2021 has seen an increase of 3.95% in the overall hiring activity when compared with April 2021.

IT jobs accounted for an 18.73% share in the industry’s total hiring activity in May 2021, registering decrease of 0.79% over the last three-month average share.

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

Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Asia-Pacific with a share of 71.15% in May 2021, a 19.79% growth over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 11.94% in May 2021, marking a 3.55% month-on-month decline. In the third place was Database and Network Administrators and Architects with a share of 8.51% in May 2021, a 7.75% growth from April 2021.

Computer and Information Analysts registered a share of 4.33% in May 2021, a 10.4% rise over the previous month.

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

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average growth of 31.22% in the overall IT recruitment activity of Asia-Pacific’s banking and payments industry during May 2021 over previous month.

Affiliated Managers Group posted 973 IT jobs in May 2021 and registered a an increase of 1577.59% over the previous month, followed by Fidelity National Information Services with 640 jobs and a 3.61% drop. JPMorgan Chase with 538 IT jobs and Wells Fargo with 377 jobs, recorded a 30.85% decline and a 10.87% drop, respectively, while Barclays recorded a 29.34% an increase with 313 job postings during May 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 68.36% share in May 2021, a 15.33% rise over April 2021. Australia featured next with an 8.08% share, up 14.19% over the previous month. Singapore recorded a 6.97% share, a growth of 6.99% compared with April 2021.

Junior Level job postings dominate in May 2021

Junior Level jobs held a share of 62.88%, down by 6.82% from April 2021. Mid Level positions with a 19.71% share, a growth of 18.38% compared with the previous month.

In the third place was Entry Level job ads with 15.74% share, up 742.86% over April 2021, while Senior postings accounted for 1.66%, recording a month-on-month decline of 14.52%.

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