India’s banking and payments industry registered a 6.7% rise in IT hiring activity in May 2022 when compared with the previous month, according to GlobalData’s Job Analytics database.

The industry’s overall hiring increased by 5.21% in May 2022 when compared with April 2022.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 17.53% share in May 2022, recording a decrease of 0.01% over the last three-month average share.

Top five job classifications in India’s banking and payments industry’s IT recruitment activity in May 2022

Out of the total job titles, the top five roles commanded a 99.77% share in the overall IT recruitment activity of India’s banking and payments industry in May 2022.

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1) Software and Web Developers, Programmers, and Testers recorded a share of 71.41% in May 2022, registering a 13.25% growth over the previous month.

2) Miscellaneous Computer Occupations claimed a 13.11% share, an increase of 5.67% over the previous month.

3) Database and Network Administrators and Architects held a share of 7.63%, registering an 18.34% rise from April 2022.

4) Computer and Information Analysts captured a share of 4.61%, up 3.8% over the previous month.

Top five banking and payments companies in India’s IT recruitment activity in May 2022

The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average growth of 12.71% share in the overall IT recruitment activity of India’s banking and payments industry during May 2022 over April 2022.

Citigroup posted 650 IT jobs in May 2022 and registered a rise of 9.98% over the previous month, followed by Barclays with 433 jobs and a 0.93% growth. Wells Fargo with 332 IT jobs and HSBC with 229 jobs, recorded a 72.02% growth and a 9.49% decrease, respectively, while Mastercard recorded an increase of 20% with 138 job postings during May 2022.

Junior Level job postings dominate in May 2022

Junior Level jobs held a share of 52.67%, up by 9.15% from April 2022. Mid Level positions with a 40.55% share, registered an increase of 17.15% compared with the previous month.

In the third place was Entry Level job ads with 4.61% share, up 5.13% over April 2022, while Senior postings accounted for 2.17%, recording a month-on-month increase of 32.76%.