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July 19, 2021

Canada banking and payments industry IT recruitment activity rises 14.1% in June 2021

By Verdict Staff

Canada banking and payments industry registered a 14.1% rise in IT hiring activity in June 2021 compared with the previous month, according to GlobalData’s Job Analytics index.

The industry’s overall hiring an increased by 8.76% in June 2021 compared with May 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 12.64% share in June 2021, recording an increase of 0.82% over the last three-month average share.

Top five job classifications in Canada banking and payments industry’s IT recruitment activity in June 2021

Out of the total job titles, the top five roles commanded a 98.74% share in the overall IT recruitment activity of Canada banking and payments industry in June 2021.

1) Software and Web Developers, Programmers, and Testers recorded a share of 55.61% in June 2021, a 7.41% growth over the previous month.

2) Miscellaneous Computer Occupations claimed a 19.36% share, an increase of 33.6% over the previous month.

3) Database and Network Administrators and Architects held a share of 10.71%, registering a 31.69% rise from May 2021.

4) Computer and Information Analysts captured a share of 8.88%, up 39.64% over the previous month.

Top five banking and payments companies in Canada IT recruitment activity in June 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average growth of 7.92% share in the overall IT recruitment activity of Canada banking and payments industry during June 2021 over May 2021.

The Bank of Nova Scotia posted 326 IT jobs in June 2021 and registered a rise of 17.27% over the previous month, followed by Royal Bank of Canada with 298 jobs and a 2.61% drop. Bank of Montreal with 103 IT jobs and Desjardins Group with 95 jobs, recorded a 6.19% growth and a 37.68% increase, respectively, while Citigroup recorded a 7.23% decline with 77 job postings during June 2021.

Junior Level job postings dominate in June 2021

Junior Level jobs held a share of 57.5%, up by 1.83% from May 2021. Mid Level positions with a 30.3% share, a growth of 44.14% compared with the previous month.

In the third place was Entry Level job ads with 10.48% share, up 33.58% over May 2021, while Senior postings accounted for 1.72%, recording a month-on-month decline of 11.76%.

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