eFinancialCareers, a leading financial services careers website, recently launched The Financial Services Tech Job Report. According to the authors, the study analyzes technology job postings from financial services organizations across the first half of 2020, employers, and skills for financial markets.
The report says that although hiring began the year positively, as financial services tech organizations closed their offices in February and March because of uncertainty caused by the pandemic, job postings began to decline.
In the United States, while tech organizations were equipped to have staff work remotely, financial institutions, which historically have had less experience working outside of the office were not as quick to move online.
However, as more companies look to the cloud, technologists with cloud skills will become more important. Overall, skills related to systems and infrastructure development are on the rise, as firms figure out how to collect and analyze data and build next-generation applications.
The study says financial institutions are looking for technologists who are adept at wrangling massive amounts of data (hence the presence of SQL as a top skill), as well as coding in languages such as Python and Java.
Spring Boot, which allows developers to spin up applications, jumped (93%) year-over-year. Apache Kafka (43%), MongoDB (33%) and other data-related tools have similarly seen a year-over-year rise.
Click here to download the report.
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