Asia-Pacific witnessed a 20.5% drop in IT hiring activity in the banking and payments industry in September 2021 when compared with the previous month, according to GlobalData’s Job Analytics dashboard.

September 2021 has seen a decrease of 6.83% in the overall hiring activity when compared with August 2021.

IT jobs accounted for a 19.91% share in the industry’s total hiring activity in September 2021, registering a decrease of 2.77% over the last three-month average share.

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

Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Asia-Pacific with a share of 72.79% in September 2021, a 25.54% drop over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 13.13% in September 2021, marking an 8.51% month-on-month decline. In the third place was Database and Network Administrators and Architects with a share of 6.61% in September 2021, a 15.73% drop from August 2021.

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Computer and Information Analysts registered a share of 4.13% in September 2021, a 32.77% decline over the previous month.

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

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average decline of 16.58% in the overall IT recruitment activity of Asia-Pacific’s banking and payments industry during September 2021 over previous month.

Citigroup posted 941 IT jobs in September 2021 and registered a decline of 13.27% over the previous month, followed by Wells Fargo with 799 jobs and a 29.85% drop. JPMorgan Chase with 638 IT jobs and Barclays with 467 jobs, recorded a 28.79% drop and an 8.35% rise, respectively, while Fidelity National Information Services recorded a 26.37% increase with 345 job postings during September 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 66.07% share in September 2021, a 29.02% decrease over August 2021. Australia featured next with an 11.44% share, up 39.62% over the previous month. Singapore recorded a 6.86% share, a drop of 12.58% compared with August 2021.

Junior Level job postings dominate in September 2021

Junior Level jobs held a share of 54.47%, down by 20.58% from August 2021. Mid Level positions with a 37.25% share, registered a decline of 18.43% compared with the previous month.

In the third place was Entry Level job ads with 5.1% share, down 59.02% over August 2021, while Senior postings accounted for 3.17%, recording a month-on-month growth of 15.09%.