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October 7, 2021updated 20 Apr 2022 7:11am

India’s banking and payments industry IT recruitment activity rises 12.8% in August 2021

By Carmen

India’s banking and payments industry registered a 12.8% rise 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 10.79% in August 2021 when compared with July 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 32.27% share in August 2021, recording an increase of 1.73% over the last three-month average share.

 

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

Out of the total job titles, the top five roles commanded a 99.72% share in the overall IT recruitment activity of India’s banking and payments industry in August 2021.

1) Software and Web Developers, Programmers, and Testers recorded a share of 80.52% in August 2021, registering a 3.79% flat growth over the previous month.

2) Miscellaneous Computer Occupations claimed an 8.37% share, an increase of 34.43% over the previous month.

3) Database and Network Administrators and Architects held a share of 4.76%, registering a 33.33% rise from July 2021.

4) Computer and Information Analysts captured a share of 3.98%, up 110.08% over the previous month.

 

Top five banking and payments companies in India’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 4.64% share in the overall IT recruitment activity of India’s banking and payments industry during August 2021 over July 2021.

Wells Fargo posted 890 IT jobs in August 2021 and registered a rise of 53.98% over the previous month, followed by JPMorgan Chase with 826 jobs and an 8.32% drop. Citigroup with 738 IT jobs and Fiserv with 600 jobs, recorded a 40.57% flat growth and a 71.92% flat growth, respectively, while Affiliated Managers Group recorded a decline of 52.66% with 489 job postings during August 2021.

Junior Level job postings dominate in August 2021

Junior Level jobs held a share of 49.07%, up by 23.69% from July 2021. Mid Level positions with a 39.06% share, registered an increase of 13.83% compared with the previous month.

In the third place was Entry Level job ads with 10.27% share, down 36.74% over July 2021, while Senior postings accounted for 1.6%, recording a month-on-month increase of 13.54%.

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