Fintech the Main Driver of Financial Services Employment Up 45% in Q3 2021 from Q2: Michael Page Indonesia

JAKARTA, INDONESIA – Media OutReach – 26 October
2021 – According to job opportunity data shared
by global recruitment specialists Michael
Page Indonesia
the number of jobs rose in Q3 2021 compared to Q2 led by job positions within Financial
Services (up 45%), Digital (up 14%) and Technology (up 13%).

Olly Riches, President Director of Michael
Page Indonesia & Philippines

Olly Riches, President Director
of Michael Page
Indonesia & Philippines observes, “As Indonesia continues to enjoy a digital boom, multinational
and domestic financial services players are investing heavily into Fintech.
This is the key enabler for the Indonesian population to access e-wallets, make
online payments and manage all their banking and insurance activities. There is
also keen competition between the traditional financial services firms and the
new Fintech start ups for Indonesian talent right now which is really driving
the healthy hiring activity.”

Similarly, the uptick in Digital
job opportunities (up 14%) is again led by tech unicorns who initiated growth
in Indonesia and is currently being fuelled by changing lifestyles due to the
pandemic. “Indonesia is a young population who are savvy with home deliveries
and online services which makes it a very compelling demographic for rapid
growth in this space. We have seen quite an increase in employment
opportunities as well within private equity and venture capital firms for their
portfolio businesses, which are often in digital and technology,” Olly
Riches continues.

As the
population becomes increasingly connected, Indonesians who live in farther out
locations now have access to education and healthcare via technology as well.
In order to provide these essential services to the large population, Medtech
and Edtech have also emerged as one of the key growth areas in order to reach
citizens living outside of the major cities.

The technology
required to deliver on those platforms has also created the 13% rise in job
opportunities. “Primarily seen in software development and product engineering,
the government push led by President Jokowi to nurture these talents within Indonesia
is key to ensuring we maintain a sustainable technology-driven economy and
increase the prominence of Indonesia on the world map,” speaks Olly Riches from recent
observations.

Source: Information procured from Michael
Page Indonesia’s proprietary data