View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Dashboards
  2. Jobs
July 19, 2021

North America’s banking and payments industry IT hiring activity rises 17.9% in June 2021

By Verdict Staff

North America witnessed a 17.9% 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 10.35% in the overall hiring activity when compared with May 2021.

IT jobs accounted for a 13.26% share in the industry’s total hiring activity in June 2021, registering an increase of 0.9% 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 North America with a share of 62.88% in June 2021, a 33.48% growth over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 15.32% in June 2021, marking a 35.04% month-on-month an increase. In the third place was Database and Network Administrators and Architects with a share of 10.3% in June 2021, a 40.65% growth from May 2021.

Computer and Information Analysts registered a share of 5.89% in June 2021, a 12.04% rise over the previous month.

Top five banking and payments companies in North America’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 143.16% in the overall IT recruitment activity of North America’s banking and payments industry during June 2021 over previous month.

Nelnet posted 1,409 IT jobs in June 2021 and registered a an increase of 1337.76% over the previous month, followed by JPMorgan Chase with 1,028 jobs and a 72.48% growth. Citizens Financial Group with 924 IT jobs and Affiliated Managers Group with 601 jobs, recorded a 240.96% growth and a 24.43% increase, respectively, while Citigroup recorded a 21.98% an increase with 444 job postings during June 2021.

Country-wise composition of IT hiring in North America’s banking and payments industry

The US commanded a leading presence in the region’s banking and payments industry IT hiring activity with an 82.93% share in June 2021, a 34.15% rise over May 2021. Canada featured next with a 13% share, up 14.57% over the previous month. Mexico recorded a 4.06% share, a growth of 70.09% compared with May 2021.

Junior Level job postings dominate in June 2021

Junior Level jobs held a share of 57.74%, up by 16.3% from May 2021. Mid Level positions with a 30.34% share, a growth of 52.66% compared with the previous month.

In the third place was Entry Level job ads with 9.65% share, up 120.03% over May 2021, while Senior postings accounted for 2.28%, recording a month-on-month growth of 37.22%.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International