Finance sector projected to create 6,500 jobs in 2021, building on last year's expansion

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SINGAPORE: The employment outlook for the finance sector remains positive, with about 6,500 positions projected to be created in 2021, said Mr ...

SINGAPORE: The employment outlook for the finance sector remains positive, with about 6,500 positions projected to be created in 2021, said Mr Ravi Menon, managing director of the Monetary Authority of Singapore on Tuesday .

"The employment outlook for the financial sector in 2021 remains positive," he said, adding that close to 800 financial institutions responded to the survey conducted late last year.About a quarter of the jobs on offer are in technology roles, while a quarter are in consumer banking. "Can we imagine what life would have been like during last year’s 'circuit breaker' lockdown if we did not have PayNow or FAST?" he said.

The proportion of Singaporeans taking on tech jobs is also uneven across different specialisations. Singaporeans account for 70 per cent of the net job growth for cybersecurity engineers and UX/UI designers, and 50 per cent of the net job growth for data analysts and data scientists.

 

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