The US’s banking and payments industry registered a 5.9% drop in IT hiring activity in July 2022 when compared with the previous month, according to GlobalData’s Job Analytics database.
The industry’s overall hiring is decreased by 3.22% in July 2022 when compared with June 2022.
Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 13.73% share in July 2022, recording a flat growth over the last three-month average share.
Top five job classifications in the US’s banking and payments industry’s IT recruitment activity in July 2022
Out of the total job titles, the top five roles commanded a 98.48% share in the overall IT recruitment activity of the US’s banking and payments industry in July 2022.
1) Software and Web Developers, Programmers, and Testers recorded a share of 58.56% in July 2022, registering a 16.79% decline over the previous month.
2) Database and Network Administrators and Architects claimed a 14.83% share, a decrease of 7.95% over the previous month.
3) Miscellaneous Computer Occupations held a share of 10.09%, registering a 9.89% decline from June 2022.
4) Computer and Information Analysts captured a share of 9.95%, down 8.81% over the previous month.
Top five banking and payments companies in the US’s IT recruitment activity in July 2022
The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average decline of 23.37% share in the overall IT recruitment activity of the US’s banking and payments industry during July 2022 over June 2022.
US Bank posted 1,150 IT jobs in July 2022 and registered a drop of 20.47% over the previous month, followed by Glynn Capital Management with 476 jobs and a 219.46% growth. Citigroup with 430 IT jobs and JPMorgan Chase with 418 jobs, recorded a 4.12% growth and a 70.29% decrease, respectively, while Bank of America recorded an increase of 31.54% with 342 job postings during July 2022.
Junior Level job postings dominate in July 2022
Junior Level jobs held a share of 56.1%, down by 15.86% from June 2022. Mid Level positions with a 32.37% share, registered a decline of 14.34% compared with the previous month.
In the third place was Entry Level job ads with 9.45% share, down 6.35% over June 2022, while Senior postings accounted for 2.09%, recording a month-on-month decline of 17.31%.
United States’s banking and payments industry IT recruitment activity drops 5.9% in July 2022 & Latest News Update
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