Germany’s banking and payments industry registered a 4.1% rise 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 increased by 3.93% in October 2021 when compared with September 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 13.08% share in October 2021, recording a decrease of 0.36% over the last three-month average share.

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

Out of the total job titles, the top five roles commanded a 101.31% share in the overall IT recruitment activity of Germany’s banking and payments industry in October 2021.

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1) Software and Web Developers, Programmers, and Testers recorded a share of 60.33% in October 2021, registering a 2.22% growth over the previous month.

2) Miscellaneous Computer Occupations claimed a 20% share, a decrease of 4.69% over the previous month.

3) Database and Network Administrators and Architects held a share of 10.82%, registering a 32% rise from September 2021.

4) Computer and Information Analysts captured a share of 6.89%, up 75% over the previous month.

Top five banking and payments companies in Germany’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 decline of 3.23% share in the overall IT recruitment activity of Germany’s banking and payments industry during October 2021 over September 2021.

Zurich Insurance Group posted 45 IT jobs in October 2021 and registered a rise of 55.17% over the previous month, followed by Allianz with 43 jobs and a 32.81% drop. Wustenrot & Wurttembergische with 22 IT jobs and Banco Santander with 22 jobs, recorded a 37.5% growth and a 42.11% decrease, respectively, while Scalable Capital Vermogensverwaltung recorded an increase of 125% with 18 job postings during October 2021.

Junior Level job postings dominate in October 2021

Junior Level jobs held a share of 77.05%, down by 0.84% from September 2021. Mid Level positions with a 13.77% share, registered a decline of 2.33% compared with the previous month.

In the third place was Entry Level job ads with 8.52% share, up 136.36% over September 2021, while Senior postings accounted for 0.66%, recording a month-on-month flat growth.