The financial industry is probably the tech industry’s biggest competitor for tech talent today. To be competitive, banks and financial service providers need state-of-the-art, properly maintained technologies—such as customer apps—as well as tight data security and cyber security. To meet these needs, they need great tech talent and a lot of it.
In fact, more than 15 percent (15.5%) of the jobs on the high-tech recruitment website Dice are related to financial services and banking.
Let’s take a closer look at data from Dice to learn about the hottest tech jobs in these industries—what they are, where they are, and whether they’re being offered via recruiters or direct hire. Since not every tech job is posted on Dice, this is by no means a scientifically rigorous study. The results, however, are interesting and worth noting.
Total Tech Jobs
At the time of our analysis, there were 78,784 tech jobs listed on Dice. Searches indicate that 10,145 (12.9%) are related to financial services and 2,057 (2.6%) are related to banking.
Top Tech Jobs
Two notable conclusions are apparent from the Dice data about tech jobs in financial services and banking.
- Business analyst and project manager roles have the most listings and are more than twice as much in demand for employers in financial services and banking than they are for employers in general. Business analysts and project managers serve as interpreters between the business function and IT, allowing them to communicate effectively.
- Financial services providers and banks are seeking tech talent for a wide variety of roles. Even with having a higher demand for business analysts and project managers than employees in general, these roles only make up 2.8% of financial services job listings and 3.4% of bank job listings.
Top Jobs in Financial Services
- Business Analyst/Project Manager
- Java Developer
- Software Engineer
- SAP Success Factors Consultant
- Data Analyst
- Senior Java Developer
- Cyber Security
Top Jobs in Banking
- Business Analyst/Project Manager
- Java Developer
- Application Programmer
- Digital Sales Effectiveness Manager
- Senior Java Developer
- Application Support Analyst
- IT Project Manager
Top Jobs Overall
- Business Analyst/Project Manager
- Software Engineer
- Java Developer
- Project Manager
- Business Analyst
- Network Engineer
- Web Developer
Top Tech Job Locations
If you’re looking for a tech job in banking, head to New York City. To show just how far and away Big Apple is the leading job location, the data for the top job locations includes both the percent of jobs for the top two locations.
Top Job Locations in Financial Services
- New York City, NY (18.1%)
- Chicago, IL (5.2%)
- San Francisco, CA
- Charlotte, NC
- Jersey City, NJ
- Atlanta, GA
- Dallas, TX
Top Job Locations in Banking
- New York City, NY (27.5%)
- San Francisco, CA (7.8%)
- Charlotte, NC
- Jersey City, NJ
- Weehawken, NJ
- Chicago, IL
- Tampa, FL
Top Overall Job Locations
- New York City, NY (9.1%)
- Chicago, IL (3.8%)
- Atlanta, GA
- San Francisco, CA
- Washington, DC
- Dallas, TX
- Charlotte, NC
Top Job Sources
On Dice, tech jobs in banking and finance, as well as tech jobs overall, are more likely to be posted by outside recruiters rather than hiring companies.
Tech Job Sources for Financial Services
Recruiter 67.6%
Direct Hire 28.7%
Tech Job Sources for Banking
Recruiter 73.2%
Direct Hire 23.8%
Tech Job Sources Overall
Recruiter 70.6%
Direct Hire 16.8%
Moving Forward
With the financial services and banking tech boom showing no sign of waning, companies in these industries will continue to have a high demand for tech talent. Those that are best able to hire the right tech talent in sufficient quantities will have a major competitive advantage.
