CENTENNIAL, Colo., Sept. 9, 2020 /PRNewswire/ -- DHI Group,
Inc. (NYSE: DHX) announced today that eFinancialCareers, the
trusted specialist financial services platform, has released The
Financial Services Tech Job Report as it celebrates its 20-year
anniversary. 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: United States,
United Kingdom and Singapore. In sharing these insights,
eFinancialCareers is proud to lead the finance-tech recruitment
space by partnering with the world's most respected financial
organizations to provide unique industry insights and efficiently
place best-in-class professionals.
Globally, technology professionals have been a top hiring
priority for all major financial services organizations in recent
years. In the US, 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 US cities and prominent tech occupations.
- For more details on UK and Singapore-specific data: eFinancialCareers
Releases Financial Services Tech Job Report for US, UK and
Singapore on 20th Anniversary
Desired Occupations & Skills Speak to Upcoming
Competition for Talent
Throughout 2020 thus far, 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
roadmaps, as well as maintaining systems and infrastructure.
"US financial institutions have had to prioritize positions they
considered most vital to their organization amidst the uncertainty
of 2020, especially to support teams that historically have less
experience working remotely. Since employees are now settled into
remote work or planning a return to office, the range of positions
in demand has expanded, speaking to the innovation and competition
taking place in the financial sector as the demand for
technologists continues to increase," said Art Zeile, CEO of DHI Group, parent company of
eFinancialCareers.
Job postings for .NET developer rose 49% year-over-year and
application support engineer climbed 37% due to engineer reliance
on the .NET framework for app-building. Cybersecurity Consultant
rose 28%, which is consistent with the need for financial
organizations to stay ahead of hackers who are looking to take
advantage of dispersed teams and networks.
U.S. Occupation by
Job Posting Growth
|
Rank
|
Specialized
Occupation
|
YoY
Change
|
1
|
.NET
Engineer
|
49%
|
2
|
Application Support
Engineer
|
37%
|
3
|
IT Auditor
|
31%
|
4
|
Systems
Engineer
|
30%
|
5
|
Cyber Security
Consultant
|
28%
|
6
|
Business Intelligence
Developer
|
20%
|
7
|
IT
Director
|
19%
|
8
|
Technical Support
Engineer
|
16%
|
9
|
Java
Engineer
|
16%
|
10
|
Database
Administrator
|
15%
|
Overall, skills related to systems, infrastructure, development
and data are on the rise, as financial services firms determine how
to better support remote working, collect and analyze data, as well
as build next-generation applications. This explains the demand for
technologists who are adept at managing massive amounts of data, as
well as coding in ubiquitous languages such as Python and Java.
Financial institutions seem as focused as ever on professionals
who can build out the all-important data structures necessary for
analysis with Apache Kafka (+43% YoY), MongoDB (+33%) and other
data-related tools growing year-over-year. As more of these
companies look to the cloud for everything from storage to
computing muscle, technologists with system engineering (+62%),
systems analysis (+39%) and cloud computing (+32%) skills will only
become more in-demand.
US Skill by Job
Posting Growth
|
Rank
|
Skill
|
YoY
Change
|
1
|
Spring
Boot
|
93%
|
2
|
Systems
Engineering
|
62%
|
3
|
Kubernetes
|
56%
|
4
|
Apache
Kafka
|
43%
|
5
|
Systems
Analysis
|
39%
|
6
|
Splunk
|
37%
|
7
|
Oracle
PL/SQL
|
35%
|
8
|
MongoDB
|
33%
|
9
|
Cloud
Computing
|
32%
|
10
|
Atlassian
JIRA
|
31%
|
Several US Cities Show Marked Growth in Year-Over-Year Tech
Job Postings
Although it's too soon to say that a full recovery is on the
horizon, several cities are seeing positive job growth.
Pittsburgh, PA and Philadelphia, PA topped the list of cities
with the most tech job growth in the first seven months of 2020 at
69% and 63%, respectively. Texas
hosts three of the top 10 fastest growing US cities: Irving (+58% YoY), Roanoke (51%) and Dallas (30%). Tech hiring in southern US comes
as leading banks continue nearshoring talent out of high-cost
locations. In addition to Raleigh,
NC increasingly positioning itself as a tech hub, the city
is also becoming a tech center for financial institutions. With 53%
year-over-year growth, Raleigh's
top hiring companies include Wells Fargo, BB&T, Cohen Financial
and Charles Schwab.
US City by Job
Posting Growth
|
Rank
|
City
|
YoY
Change
|
1
|
Pittsburgh,
PA
|
69%
|
2
|
Philadelphia,
PA
|
63%
|
3
|
Irving, TX
|
58%
|
4
|
Raleigh,
NC
|
53%
|
5
|
Roanoke,
TX
|
51%
|
6
|
Tempe, AZ
|
50%
|
7
|
Chandler,
AZ
|
47%
|
8
|
Baltimore,
MD
|
30%
|
9
|
Dallas, TX
|
30%
|
10
|
Cleveland,
OH
|
29%
|
Job Posting Volume Mimics Pandemic's Downturns
New York, NY leads the US in tech
jobs posted by financial institutions through the end of July
although job postings are down due to COVID-19 and subsequent
lockdowns. Ranking second to New
York is Charlotte, NC, due
to a combination of financial institution headquarters in the city
and a high volume of tech talent. San
Francisco, CA is third, leveraging the vast network of
Silicon Valley technologists and Wells Fargo headquartering in the
city. Fourth is Chicago, which has
utilized its network of commodities trading. Fifth is Minneapolis, MN, with top finance companies
Wells Fargo and U.S. Bancorp as Minneapolis' top employers.
US City 2020 Rank
by Job Posting Volume
|
Rank
|
City
|
1
|
New York,
NY
|
2
|
Charlotte,
NC
|
3
|
San Francisco,
CA
|
4
|
Chicago,
IL
|
5
|
Minneapolis,
MN
|
6
|
Boston, MA
|
7
|
Jersey City,
NJ
|
8
|
Phoenix,
AZ
|
9
|
Austin, TX
|
10
|
Columbus,
OH
|
Read more on eFinancialCareers
Report Methodology
eFinancialCareers' Financial Services Tech Job Report focuses on
the tech hiring activity within the financial services industry and
reviews tech job posting volumes from the US, UK and Singapore (via Burning Glass Technologies). To
add clarity, insurance organizations and professional services
organizations such as the "Big 4" were removed. The data covers two
primary datasets:
- Comparisons between January 1st –
July 31st of 2020 and 2019 in the US,
the UK and Singapore
- Deep dives into the fastest growing locations, employers,
occupations and skills
Download eFinancialCareers' Financial Services
Report:
- Download the report
- Press: Email efcmedia@efinancialcareers.com for an
ungated copy of the full report
About eFinancialCareers
eFinancialCareers, a DHI Group, Inc. brand, is the world's
leading financial services careers website, and the place to go for
financial careers and talent. eFinancialCareers provides finance
and tech professionals with the latest job opportunities, career
information and invaluable industry insights they need to maximize
their potential. The site connects them to roles within many of the
world's most respected financial organizations. Through its
recruitment solutions, eFinancialCareers provides financial
services recruiters a vital competitive edge by enabling them to
source the highly qualified professionals they need to achieve
their strategic ambitions - quickly and efficiently.
eFinancialCareers offers local websites in 19 markets across
North America, Europe, Asia-Pacific, and the financial centers of the
Middle East.
About DHI Group, Inc.
DHI Group, Inc (NYSE: DHX) is a provider of software products,
online tools and services to deliver career marketplaces to
candidates and employers globally. DHI's three brands—Dice,
ClearanceJobs and eFinancialCareers— enable recruiters and hiring
managers to efficiently search, match and connect with highly
skilled technologists in specialized fields, particularly
technology, those with active government security clearances and in
financial services. Professionals find ideal employment
opportunities, relevant job advice and personalized data to best
manage their whole technologist life. For 30 years, we have
leveraged the latest technology to foster career connections in
multiple markets including North
America, Europe, the
Middle East and the Asia Pacific region. Find out more at
www.dhigroupinc.com.
Media Contact
Kristianna Sanders
efcmedia@efinancialcareers.com
303-562-0337
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SOURCE DHI Group, Inc.