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July 29, 2021

IT hiring in global banking and payments industry rises 13.8% in June 2021

By Verdict Staff

The global banking and payments industry noticed a 13.8% rise in IT hiring activity in June 2021 over the previous month, led by JPMorgan Chase’s 7.44% share, according to GlobalData’s Jobs Analytics database.

The banking and payments industry’s overall hiring activity an increased 7.86% when compared with May 2021.

Noticeably, IT jobs accounted for a 15.84% share of the global banking and payments industry’s hiring activity in June 2021, up 0.73% over the last three-month average share.

According to GlobalData, IT job opportunities available at the end of June 2021 were 7.49% higher compared with the previous month.

The increase was a result of 11.85% lower job postings as compared to job closures during the month.

Software and Web Developers, Programmers, and Testers drive banking and payments IT hiring activity

Software and Web Developers, Programmers, and Testers with a share of 65.35% emerged as the top IT occupation in the banking and payments hiring activity in June 2021, a 22.98% an increase over the previous month. Miscellaneous Computer Occupations came in second with a share of 14.32% in June 2021, up 21.87% over the previous month.

The other prominent IT roles include Database and Network Administrators and Architects with a 9.78% share in June 2021, an increase of 22.48% over the previous month, and Computer and Information Analysts with a 5.63% share in June 2021 and rise of 13.38% over May 2021.

Top five banking and payments companies by recruitment activity in June 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average an increase of 61.23% share in the overall IT recruitment activity of global banking and payments industry during June 2021 over May 2021.

JPMorgan Chase posted 2,138 IT jobs in June 2021 and registered a rise of 61.36% over the previous month, followed by Affiliated Managers Group with 1,784 jobs and a 22.44% rise. Citigroup with 1,597 IT jobs and Nelnet with 1,410 jobs, recorded a 45.18% an increase and a 1324.24% growth, respectively, while Fidelity National Information Services recorded a 5.56% growth with 968 job postings during June 2021.

Regional composition of IT hiring in banking and payments industry

North America emerged as the leading region in the global banking and payments IT hiring activity in June 2021 with a 46.74% share, which marked a 32.34% growth over the previous month.

Asia-Pacific stood next with 31.88%, registering an 18.15% month-on-month an increase.Europe was the third leading region with a 17.9% share and a 9.05% rise over May 2021.

In the fourth place was Middle East & Africa with a share of 1.86% and a month-on-month growth of 5.51%. South & Central America stood at the bottom of the table with a share of 1.62%, registering a 6.88% an increase over the previous month.

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