The global banking and payments industry noticed a 2.4% rise in IT hiring activity in November 2021 over the previous month, led by Citigroup’s 9.33% share, according to GlobalData’s Jobs Analytics database.
The banking and payments industry’s overall hiring activity increased 3.17% when compared with October 2021.
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Noticeably, IT jobs accounted for a 16.42% share of the global banking and payments industry’s hiring activity in November 2021, down 0.42% over the last three-month average share.
According to GlobalData, IT job opportunities available at the end of November 2021 were 5.44% lower when compared with the previous month.
The decrease was a result of 9.7% higher job postings as compared to job closures during the month.
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By GlobalDataSoftware and Web Developers, Programmers, and Testers drive banking and payments IT hiring activity
Software and Web Developers, Programmers, and Testers with a share of 63.46% emerged as the top IT occupation in the banking and payments hiring activity in November 2021, a 0.72% decline over the previous month. Miscellaneous Computer Occupations came in second with a share of 15.91% in November 2021, up 17.73% over the previous month.
The other prominent IT roles include Database and Network Administrators and Architects with a 9.93% share in November 2021, a growth of 8.95% over the previous month, and Computer and Information Analysts with a 7.17% share in November 2021 and a rise of 5.34% over October 2021.
Top five banking and payments companies by recruitment activity in November 2021
The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average growth of 75.5% share in the overall IT recruitment activity of global banking and payments industry during November 2021 over October 2021.
Citigroup posted 2,850 IT jobs in November 2021 and registered a rise of 46.08% over the previous month, followed by Wells Fargo with 1,553 jobs and a 12.21% decline. Evolent Health with 1,546 IT jobs and JPMorgan Chase with 1,488 jobs, recorded a 10206.67% growth and a 228.48% rise, respectively, while KBC Group recorded a 59.6% rise with 873 job postings during November 2021.
Regional composition of IT hiring in banking and payments industry
North America emerged as the leading region in the global banking and payments IT hiring activity in November 2021 with a 54.61% share, which marked a 5.38% rise over the previous month.
Asia-Pacific stood next with 25.59%, registering a 3.51% month-on-month growth. Europe was the third leading region with a 16.45% share and a 2.01% drop over October 2021.
In the fourth place was South & Central America with a share of 1.79% and a month-on-month drop of 16.97%. Middle East & Africa stood at the bottom of the table with a share of 1.56%, registering an 11.69% decrease over the previous month.
