China’s banking and payments industry registered a 17.4% drop in IT hiring activity in October 2021 when compared with the previous month, according to GlobalData’s Job Analytics database.

The industry’s overall hiring is decreased by 10.16% in October 2021 when compared with September 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 10.92% share in October 2021, recording a decrease of 1.65% over the last three-month average share.

Top five job classifications in China’s banking and payments industry’s IT recruitment activity in October 2021

Out of the total job titles, the top five roles commanded a 100.83% share in the overall IT recruitment activity of China’s banking and payments industry in October 2021.

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1) Software and Web Developers, Programmers, and Testers recorded a share of 78.33% in October 2021, registering a 22.1% decline over the previous month.

2) Miscellaneous Computer Occupations claimed a 9.17% share, a decrease of 2.94% over the previous month.

3) Database and Network Administrators and Architects held a share of 5.56%, registering an 11.11% rise from September 2021.

4) Computer and Information Analysts captured a share of 4.44%, down 5.88% over the previous month.

Top five banking and payments companies in China’s IT recruitment activity in October 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average growth of 3.81% share in the overall IT recruitment activity of China’s banking and payments industry during October 2021 over September 2021.

Citigroup posted 117 IT jobs in October 2021 and registered a drop of 22.52% over the previous month, followed by HSBC with 35 jobs and a 23.91% drop. FIL with 34 IT jobs and PayPal Holdings with 32 jobs, recorded a 5.56% decline and a 966.67% growth, respectively, while Up Fintech Holding recorded a flat growth with 27 job postings during October 2021.

Junior Level job postings dominate in October 2021

Junior Level jobs held a share of 60.56%, down by 25.09% from September 2021. Mid Level positions with a 26.39% share, registered an increase of 4.4% compared with the previous month.

In the third place was Entry Level job ads with 11.11% share, down 9.09% over September 2021, while Senior postings accounted for 1.94%, recording a month-on-month decline of 36.36%.