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Highlights of the
week:
For more career
opportunities from various industries, please access Career Axis. Dear Students, It has been more than a month since Covid-19 measures have been
eased and things are gradually returning to some semblance of normality.
However, there is no doubt that the pandemic inevitably disrupted our lives –
the way we study, the way we work, the new behaviours we have adopted along
the way – and these new practices we picked up are likely to stay with us for
the long term. Virtual meetings, be it via Zoom or Microsoft Teams, will
remain as an essential communication tool even as we enter the endemic phase.
Employees can expect some opportunities to telecommute from home, function in
hybrid mode or even work remotely overseas. As we adjust to the new normal, here are 3 hiring trends to take
note of in the Banking and Fintech sector: 1) Acceleration in Digital Transformation Monetary Authority of Singapore (MAS) forecasts that between
2,500 and 3,500 new tech jobs will be created in the finance sector annually
over the next few years. In spite of this strong
demand for technology talent, there are not enough skilled professionals with
the required tech competencies to take on the various job opportunities
locally. With this global shortage of tech talents, Banking and Fintech
companies are offering higher salaries and compensation packages to recruit employees
with relevant tech expertise. Current staff are also being retrained to
better cope with the enhanced digital transformation and to improve
customers’ experience. Take OCBC for instance, they have announced in March 2022 that they will be
hiring about 1,500 technology staff over the next 3 years and had increased staff
training investment for tech roles over the past 5 years. Check out some of these positions applied by students who have
tech skills (e.g. Python, SQL, C++, SQL) and
interest to join the Banking and Fintech industry:
2) Increased Diversity to Tap on More Potential Candidates In recent years, more Banking and Fintech companies are putting
emphasis on recruiting a diverse workforce. While having a degree in finance
provides a good starting point in the industry, it should not deter students
without a finance background from entering the sector. Companies are open to
hire students from any discipline if they possess the right interest and
motivation to join the industry. We are also starting to see more gender
diversity in the banking industry as some companies hosts recruitment talks
specifically curated for female students. These were some events organised by Banking and Fintech
companies that targeted students from all disciplines as well as female
students in May 2022:
3) Differentiated Approach in Reaching Out to Students
beyond Recruitment Talks To attract interest from the brightest and creative talents, Banking
and Fintech companies are differentiating themselves by organising more
competitions to students/teams who can provide outstanding solutions to
business challenges. Besides winning attractive prizes, students who win the
contests will be further accelerated to receive internships or job positions
in the company. For example, these were some business challenges in May 2022 for
students like you to participate in:
Even if you have missed the aforementioned activities in the past
month, you can stay abreast of upcoming talks, events and competitions
organised by Banking and Fintech companies by bookmarking our Career Activities’ page that is refreshed
weekly! We look forward to having you join us at our future events!
Finally, our annual university led NTU Banking and Fintech
Recruitment Event will be coming back this year as a physical event
on 23 August 2022! Capitalise on this opportunity to network with established
Banking and Fintech companies in-person and secure interview opportunities
for internships and jobs. Simple click here to save the date on your calendar and
we will be providing more details closer to the event date.
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