The employment outlook for the financial sector in 2021 “remains positive,” with financial institutions offering 6,500 newly-created positions in the same year, says Ravi Menon, the Monetary Authority of Singapore’s (MAS) managing director, in his speech at the “Growing Timber” MAS-IBF Webinar Series on May 4.
About 6,000 of the 6,500 newly created positions are permanent jobs. Half of these jobs are in technology and consumer banking, with the remaining jobs spread across business lines and functions.
The figure came from a survey conducted by MAS and the Institute of Banking and Finance (IBF) among close to 800 financial institutions in late 2020. The survey was on the institutions’ projected hiring from January to December 2021.