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October 7, 2021

Singapore’s banking and payments industry IT recruitment activity rises 8.6% in August 2021

By Verdict Staff

Singapore’s banking and payments industry registered an 8.6% 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 13.29% in August 2021 when compared with July 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 23.01% share in August 2021, recording a decrease of 1.09% over the last three-month average share.

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

Out of the total job titles, the top five roles commanded a 98.25% share in the overall IT recruitment activity of Singapore’s banking and payments industry in August 2021.

1) Software and Web Developers, Programmers, and Testers recorded a share of 56.53% in August 2021, registering a 17.94% flat growth over the previous month.

2) Miscellaneous Computer Occupations claimed an 18.95% share, an increase of 35.23% over the previous month.

3) Database and Network Administrators and Architects held a share of 10.03%, registering a 16% decline from July 2021.

4) Computer and Information Analysts captured a share of 8.6%, up 50% over the previous month.

Top five banking and payments companies in Singapore’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 36.86% share in the overall IT recruitment activity of Singapore’s banking and payments industry during August 2021 over July 2021.

Temasek Holdings (Private) posted 128 IT jobs in August 2021 and registered a rise of 0.79% over the previous month, followed by DBS Group Holdings with 94 jobs and a 42.42% growth. Citigroup with 87 IT jobs and Standard Chartered with 53 jobs, recorded a 314.29% flat growth and a 15.22% flat growth, respectively, while JPMorgan Chase recorded an increase of 18.18% with 39 job postings during August 2021.

Junior Level job postings dominate in August 2021

Junior Level jobs held a share of 41.08%, down by 1.53% from July 2021. Mid Level positions with a 39.65% share, registered an increase of 46.47% compared with the previous month.

In the third place was Entry Level job ads with 9.71% share, up 15.09% over July 2021, while Senior postings accounted for 9.55%, recording a month-on-month increase of 42.86%.

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