MAY 4, 2021
ST PHOTO: KUA CHEE SIONG
SINGAPORE - The financial sector will see 6,500 new jobs created this year, with technology leading the hiring.
Some 44 per cent of these jobs are open to those with "adjacent or no experience" as financial institutions are willing to train mid-careerists, said Monetary Authority of Singapore (MAS) managing director Ravi Menon on Tuesday (May 4).
About 6,000 positions will be permanent ones, with half of them in technology and consumer banking. The remaining roles are spread across other business lines and functions.
MAS and the Institute of Banking and Finance (IBF) conducted a survey late last year of financial institutions' projected hiring from January to December 2021 to obtain these figures.
Close to 800 institutions responded, representing about two-thirds of the financial services workforce.
Mr Menon, who is also IBF chairman, was speaking at a webinar that is part of the "Growing Timber" series on the jobs and skills agenda for the financial services sector. It was jointly organised by MAS and IBF.
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