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October 4, 2021

China’s banking and payments industry IT recruitment activity flat growth in August 2021

By Verdict Staff

China’s banking and payments industry registered a flat growth in IT hiring activity in August 2021 when compared with the previous month, according to GlobalData’s Job Analytics database.

The industry’s overall hiring increased by 0.92% in August 2021 when compared with July 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 12.78% share in August 2021, recording an increase of 0.47% over the last three-month average share.

Top five job classifications in China’s banking and payments industry’s IT recruitment activity in August 2021

Out of the total job titles, the top five roles commanded a 99.63% share in the overall IT recruitment activity of China’s banking and payments industry in August 2021.

1) Software and Web Developers, Programmers, and Testers recorded a share of 83.15% in August 2021, registering a 4.85% flat growth over the previous month.

2) Miscellaneous Computer Occupations claimed an 8.24% share, a decrease of 10% over the previous month.

3) Database and Network Administrators and Architects held a share of 3.3%, registering a 25% decline from July 2021.

4) Computer and Information Analysts captured a share of 3.11%, up 30.77% over the previous month.

Top five banking and payments companies in China’s IT recruitment activity in August 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average growth of 4.68% share in the overall IT recruitment activity of China’s banking and payments industry during August 2021 over July 2021.

Citigroup posted 209 IT jobs in August 2021 and registered a rise of 32.28% over the previous month, followed by HSBC with 125 jobs and a 37.5% drop. Shanghai Lujiazui International Financial Asset Exchange with 41 IT jobs and State Street with 33 jobs, recorded a 1950% flat growth and a 57.14% flat growth, respectively, while FIL recorded a decline of 32% with 17 job postings during August 2021.

Junior Level job postings dominate in August 2021

Junior Level jobs held a share of 66.3%, up by 4.93% from July 2021. Mid Level positions with a 19.6% share, registered an increase of 1.9% compared with the previous month.

In the third place was Entry Level job ads with 12.45% share, down 17.07% over July 2021, while Senior postings accounted for 1.65%, recording a month-on-month decline of 25%.

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