Middle East & Africa witnessed an 8.1% rise in IT hiring activity in the banking and payments industry in October 2021 when compared with the previous month, according to GlobalData’s Job Analytics dashboard.

October 2021 has seen an increase of 0.76% in the overall hiring activity when compared with September 2021.

IT jobs accounted for a 15.21% share in the industry’s total hiring activity in October 2021, registering an increase of 1.12% over the last three-month average share.

Software and Web Developers, Programmers, and Testers Occupations leads by classification in October 2021

Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Middle East & Africa with a share of 54.6% in October 2021, a 46.97% rise over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 18.76% in October 2021, marking a 7.41% month-on-month decline. In the third place was Database and Network Administrators and Architects with a share of 14.45% in October 2021, a 37.5% rise from September 2021.

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Computer and Information Analysts registered a share of 9.94% in October 2021, a 65.63% rise over the previous month.

Top five banking and payments companies in Middle East & Africa’s IT recruitment activity in October 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average growth of 36.93% in the overall IT recruitment activity of Middle East & Africa’s banking and payments industry during October 2021 over previous month.

Sanlam posted 97 IT jobs in October 2021 and registered a decline of 16.38% over the previous month, followed by FirstRand with 90 jobs and an 83.67% growth. Nedbank Group with 50 IT jobs and Discovery with 47 jobs, recorded a 316.67% rise and a 7.84% drop, respectively, while Standard Bank Group recorded a 253.85% increase with 46 job postings during October 2021.

Country-wise composition of IT hiring in Middle East & Africa’s banking and payments industry

South Africa commanded a leading presence in the region’s banking and payments industry IT hiring activity with a 76.55% share in October 2021, a 36% increase over September 2021. Israel featured next with a 12.38% share, up 24.53% over the previous month. United Arab Emirates recorded a 2.81% share, a growth of 36.36% compared with September 2021.

Junior Level job postings dominate in October 2021

Junior Level jobs held a share of 57.79%, up by 14.93% from September 2021. Mid Level positions with a 34.71% share, registered a growth of 76.19% compared with the previous month.

In the third place was Entry Level job ads with 6.94% share, up 37.04% over September 2021, while Senior postings accounted for 0.56%, recording a month-on-month flat growth.