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July 22, 2021

Singapore banking and payments industry IT recruitment activity rises 14.6% in June 2021

By Verdict Staff

Singapore banking and payments industry registered a 14.6% 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 8.83% in June 2021 compared with May 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 23.72% share in June 2021, recording an increase of 0.94% over the last three-month average share.

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

Out of the total job titles, the top five roles commanded a 98.13% share in the overall IT recruitment activity of Singapore banking and payments industry in June 2021.

1) Software and Web Developers, Programmers, and Testers recorded a share of 50.09% in June 2021, an 18.07% growth over the previous month.

2) Miscellaneous Computer Occupations claimed a 22.66% share, an increase of 47.78% over the previous month.

3) Database and Network Administrators and Architects held a share of 14.48%, registering a 23.19% rise from May 2021.

4) Computer and Information Analysts captured a share of 5.79%, up 21.43% over the previous month.

Top five banking and payments companies in Singapore 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 39.78% share in the overall IT recruitment activity of Singapore banking and payments industry during June 2021 over May 2021.

DBS Group Holdings posted 130 IT jobs in June 2021 and registered a rise of 64.56% over the previous month, followed by Temasek Holdings (Private) with 104 jobs and a 0.95% drop. Standard Chartered with 59 IT jobs and Citigroup with 42 jobs, recorded a 31.11% growth and an 110% increase, respectively, while JPMorgan Chase recorded a 105% an increase with 41 job postings during June 2021.

Junior Level job postings dominate in June 2021

Junior Level jobs held a share of 46.85%, up by 7% from May 2021. Mid Level positions with a 36.46% share, a growth of 56.2% compared with the previous month.

In the third place was Senior job ads with 9.71% share, up 54.05% over May 2021, while Entry Level postings accounted for 6.98%, recording a month-on-month an increase of 51.85%.

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