India’s banking and payments industry registered a 0.6% drop in IT hiring activity in November 2021 when compared with the previous month, according to GlobalData’s Job Analytics database.

The industry’s overall hiring increased by 0.63% in November 2021 when compared with October 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 28.09% share in November 2021, recording a decrease of 2.95% over the last three-month average share.

Top five job classifications in India’s banking and payments industry’s IT recruitment activity in November 2021

Out of the total job titles, the top five roles commanded a 100.04% share in the overall IT recruitment activity of India’s banking and payments industry in November 2021.

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1) Software and Web Developers, Programmers, and Testers recorded a share of 75.35% in November 2021, registering a 1.76% growth over the previous month.

2) Miscellaneous Computer Occupations claimed a 9.69% share, an increase of 4.06% over the previous month.

3) Computer and Information Analysts held a share of 6.06%, registering a 37.18% rise from October 2021.

4) Database and Network Administrators and Architects captured a share of 5.29%, down 6.35% over the previous month.

Top five banking and payments companies in India’s IT recruitment activity in November 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average growth of 18.29% share in the overall IT recruitment activity of India’s banking and payments industry during November 2021 over October 2021.

Wells Fargo posted 914 IT jobs in November 2021 and registered a rise of 3.51% over the previous month, followed by Citigroup with 837 jobs and a 14.97% growth. JPMorgan Chase with 434 IT jobs and KBC Group with 425 jobs, recorded a 212.23% growth and a 136.11% growth, respectively, while Barclays recorded a decline of 37.12% with 371 job postings during November 2021.

Junior Level job postings dominate in November 2021

Junior Level jobs held a share of 47.57%, up by 2.73% from October 2021. Mid Level positions with a 46.48% share, registered an increase of 3.4% compared with the previous month.

In the third place was Entry Level job ads with 4.46% share, down 0.42% over October 2021, while Senior postings accounted for 1.49%, recording a month-on-month increase of 1.28%.