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July 26, 2021

UK banking and payments industry IT recruitment activity rises 7.5% in June 2021

By Verdict Staff

The UK banking and payments industry registered a 7.5% 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 6.62% in June 2021 compared with May 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 17.77% share in June 2021, recording decrease of 0.88% over the last three-month average share.

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

Out of the total job titles, the top five roles commanded a 98.29% share in the overall IT recruitment activity of the UK banking and payments industry in June 2021.

1) Software and Web Developers, Programmers, and Testers recorded a share of 63.05% in June 2021, a 14.22% growth over the previous month.

2) Miscellaneous Computer Occupations claimed an 18% share, an increase of 6.57% over the previous month.

3) Database and Network Administrators and Architects held a share of 8.28%, registering a 16.87% rise from May 2021.

4) Computer Support Specialists captured a share of 4.95%, up 34.88% over the previous month.

Top five banking and payments companies in the UK 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 46.73% share in the overall IT recruitment activity of the UK banking and payments industry during June 2021 over May 2021.

JPMorgan Chase posted 214 IT jobs in June 2021 and registered a rise of 45.58% over the previous month, followed by Barclays with 75 jobs and a 26.47% drop. Citigroup with 71 IT jobs and Willis Towers Watson with 60 jobs, recorded a 69.05% growth and a 566.67% increase, respectively, while American Express recorded a 383.33% an increase with 29 job postings during June 2021.

Junior Level job postings dominate in June 2021

Junior Level jobs held a share of 71.33%, up by 3.98% from May 2021. Mid Level positions with an 18.09% share, a growth of 25.44% compared with the previous month.

In the third place was Senior job ads with 5.8% share, up 78.95% over May 2021, while Entry Level postings accounted for 4.78%, recording a month-on-month an flat growth.

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