Competition Intensifies for Tech Talent in US Financial Services Market
eFinancialCareers releases job report
CENTENNIAL, Colo. — DHI Group Inc. announced that eFinancialCareers released The Financial Services Tech Job Report. The report analyzes technology job postings from financial services organizations across the first seven months of 2020 and includes the fastest growing locations, employers, occupations, and skills for three of the primary global financial markets: U.S., U.K., and Singapore.
Globally, technology professionals have been a top hiring priority for all major financial services organizations in recent years. In the U.S., financial services tech hiring in early 2020 trended positively, with most cities hiring above 2019 volume. As COVID-19 spread, the pandemic understandably created uncertainty, causing employers to slow their immediate hiring needs. However, despite the far-reaching effects of the pandemic, including a closed economy, the data indicates areas of year-on-year positivity in several cities and prominent tech occupations. Software developer, business analyst, application developer, senior software developer, and systems engineer all topped the list for the most sought-after occupations. A wide range of occupations ranking at the top of the list suggests that employers are maintaining focus on their product development road maps, as well as maintaining systems and infrastructure.