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July 28, 2021

India banking and payments industry IT recruitment activity rises 15.5% in June 2021

By Verdict Staff

India banking and payments industry registered a 15.5% 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 7.59% in June 2021 compared with May 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 29.59% share in June 2021, recording an increase of 1.28% over the last three-month average share.

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

Out of the total job titles, the top five roles commanded a 99.58% share in the overall IT recruitment activity of India banking and payments industry in June 2021.

1) Software and Web Developers, Programmers, and Testers recorded a share of 82.66% in June 2021, a 21.51% growth over the previous month.

2) Miscellaneous Computer Occupations claimed a 7.67% share, an increase of 19.17% over the previous month.

3) Database and Network Administrators and Architects held a share of 4.94%, registering a 4.24% decline from May 2021.

4) Computer and Information Analysts captured a share of 3.08%, up 18.67% over the previous month.

Top five banking and payments companies in India 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 25.15% share in the overall IT recruitment activity of India banking and payments industry during June 2021 over May 2021.

Affiliated Managers Group posted 1,109 IT jobs in June 2021 and registered a rise of 21.73% over the previous month, followed by JPMorgan Chase with 745 jobs and a 49% growth. Citigroup with 680 IT jobs and Fidelity National Information Services with 654 jobs, recorded a 52.47% growth and an 11.41% increase, respectively, while Wells Fargo recorded a 1.29% an increase with 549 job postings during June 2021.

Junior Level job postings dominate in June 2021

Junior Level jobs held a share of 42.5%, down by 12.28% from May 2021. Mid Level positions with a 38.61% share, a growth of 88.99% compared with the previous month.

In the third place was Entry Level job ads with 17.3% share, up 21.49% over May 2021, while Senior postings accounted for 1.59%, recording a month-on-month an increase of 56.92%.

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