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September 27, 2021

Asia-Pacific’s banking and payments industry IT hiring activity rises 10.% in August 2021

By Verdict Staff

Asia-Pacific witnessed a 10.% rise in IT hiring activity in the banking and payments industry in August 2021 when compared with the previous month, according to GlobalData’s Job Analytics dashboard.

August 2021 has seen an increase of 8.23% in the overall hiring activity when compared with July 2021.

IT jobs accounted for a 23.21% share in the industry’s total hiring activity in August 2021, registering an increase of 1.34% over the last three-month average share.

Software and Web Developers, Programmers, and Testers Occupations leads by classification in August 2021

Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Asia-Pacific with a share of 73.78% in August 2021, a 3.54% rise over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 11.31% in August 2021, marking a 21.15% month-on-month increase. In the third place was Database and Network Administrators and Architects with a share of 6.24% in August 2021, an 11.23% rise from July 2021.

Computer and Information Analysts registered a share of 5.13% in August 2021, a 74.65% rise over the previous month.

Top five banking and payments companies in Asia-Pacific’s IT recruitment activity in August 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average growth of 6.35% in the overall IT recruitment activity of Asia-Pacific’s banking and payments industry during August 2021 over previous month.

Citigroup posted 1,096 IT jobs in August 2021 and registered an increase of 49.32% over the previous month, followed by JPMorgan Chase with 898 jobs and a 7.23% drop. Wells Fargo with 897 IT jobs and Fiserv with 616 jobs, recorded a 54.39% rise and a 69.23% rise, respectively, while Affiliated Managers Group recorded a 54.87% decline with 510 job postings during August 2021.

Country-wise composition of IT hiring in Asia-Pacific’s banking and payments industry

India commanded a leading presence in the region’s banking and payments industry IT hiring activity with a 70.37% share in August 2021, a 9.14% increase over July 2021. Australia featured next with a 6.49% share, down 1.1% over the previous month. Singapore recorded a 6.49% share, a growth of 19.17% compared with July 2021.

Junior Level job postings dominate in August 2021

Junior Level jobs held a share of 53.66%, up by 16% from July 2021. Mid Level positions with a 34.3% share, registered a growth of 13.9% compared with the previous month.

In the third place was Entry Level job ads with 9.93% share, down 30.46% over July 2021, while Senior postings accounted for 2.11%, recording a month-on-month growth of 15.25%.

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