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October 6, 2021

South & Central America’s banking and payments industry IT hiring activity rises 18.2% in August 2021

By V Murthy

South & Central America witnessed an 18.2% 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 16.07% in the overall hiring activity when compared with July 2021.

IT jobs accounted for a 13.34% share in the industry’s total hiring activity in August 2021, registering a decrease of 0.09% 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 South & Central America with a share of 58.18% in August 2021, a 29.88% rise over the previous month. Computer and Information Analysts came in next, claiming a share of 18.4% in August 2021, marking a 371.43% month-on-month increase. In the third place was Miscellaneous Computer Occupations with a share of 9.48% in August 2021, a 29.17% drop from July 2021.

Database and Network Administrators and Architects registered a share of 7.25% in August 2021, a 25.81% rise over the previous month.

Top five banking and payments companies in South & Central America’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 76.98% in the overall IT recruitment activity of South & Central America’s banking and payments industry during August 2021 over previous month.

Banco Santander posted 86 IT jobs in August 2021 and registered a flat growth over the previous month, followed by Citigroup with 64 jobs and a 12.28% growth. Banco de Credito e Inversiones with 37 IT jobs and Fiserv with 33 jobs, recorded a 2.78% rise and a 6.45% rise, respectively, while Morgan Stanley recorded a 73.33% increase with 26 job postings during August 2021.

Country-wise composition of IT hiring in South & Central America’s banking and payments industry

Brazil commanded a leading presence in the region’s banking and payments industry IT hiring activity with a 31.97% share in August 2021, a 201.75% increase over July 2021. Peru featured next with an 18.03% share, up 19.75% over the previous month. Colombia recorded a 14.13% share, a growth of 245.45% compared with July 2021.

Junior Level job postings dominate in August 2021

Junior Level jobs held a share of 71.75%, up by 42.96% from July 2021. Senior positions with a 12.45% share, registered a growth of 9.84% compared with the previous month.

In the third place was Mid Level job ads with 10.97% share, up 43.9% over July 2021, while Entry Level postings accounted for 4.83%, recording a month-on-month decline of 16.13%.

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