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Three factors are driving IT employment in the financial sector. Firstly, banks are always looking at increasing their online and telephone banking services, in a bid to gain the competitive advantage.
Secondly, banks have a major investment in mainframe systems which are too expensive to replace, but must be integrated with all kinds of new client/server and web-based applications. This is driving demand for system architects, integrators and programmers.
Thirdly, compliance with the Financial Services Reform Act (2001) requires the banks to formally certify that their staff are qualified to talk about the investment and superannuation products on offer to the public. This has generated big demand for e-learning and learning management systems. The Act also requires meticulous documentation by business analysts (see FYI, right).
Banks and financial services companies pay top hourly rates for experienced consultants and contractors. If you want to get into this sector, look for degree streams incorporating financial services disciplines and apply for entry-level positions, for example on a help-desk.
Other employers:
General commercial IT
Corporate IT
Government
Tertiary education
Not-for-profit sector
To find out what employers are looking for, get a copy of Career FAQs Information Technology now.
Excerpt from Career FAQs Information Technology
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