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September 28, 2021

US banking and payments industry IT recruitment activity rises 13.1% in August 2021

By Verdict Staff

The US’s banking and payments industry registered a 13.1% 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 15.31% in August 2021 when compared with July 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 14.35% share in August 2021, recording an increase of 0.34% over the last three-month average share.

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

Out of the total job titles, the top five roles commanded a 97.52% share in the overall IT recruitment activity of the US’s banking and payments industry in August 2021.

1) Software and Web Developers, Programmers, and Testers recorded a share of 63.04% in August 2021, registering an 11.55% flat growth over the previous month.

2) Miscellaneous Computer Occupations claimed a 13.83% share, an increase of 32.07% over the previous month.

3) Database and Network Administrators and Architects held a share of 9.82%, registering a 39.84% rise from July 2021.

4) Computer and Information Analysts captured a share of 7.2%, up 43.66% over the previous month.

Top five banking and payments companies in the US’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 24.21% share in the overall IT recruitment activity of the US’s banking and payments industry during August 2021 over July 2021.

JPMorgan Chase posted 965 IT jobs in August 2021 and registered a rise of 29.53% over the previous month, followed by Wells Fargo with 776 jobs and a 17.93% growth. Citizens Financial Group with 738 IT jobs and The Charles Schwab with 567 jobs, recorded a 5.87% decline and an 85.29% flat growth, respectively, while Capital One Financial recorded an increase of 40.58% with 433 job postings during August 2021.

Junior Level job postings dominate in August 2021

Junior Level jobs held a share of 57.39%, up by 24.78% from July 2021. Mid Level positions with a 31.85% share, registered an increase of 12.08% compared with the previous month.

In the third place was Entry Level job ads with 8.04% share, up 23.29% over July 2021, while Senior postings accounted for 2.72%, recording a month-on-month increase of 6.11%.

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