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JPMorgan Chase "Engineer" jobs up 27% since the new year

8 months ago by Joshua Fruhlinger in People

In the past, a young person looking to get into banking would study finance, economics, or banking itself in a four-year and graduate university. But as banks increasingly automate transactions, research, and analytics, the banking jobs of the future are looking more and more like engineers.

At JPMorgan Chase ($NYSE:JPM), the largest bank in the US in terms of assets, openings for jobs with the keyword "engineer" in their titles are up 27% since January 1.

That's a higher clip than hiring at JPMorgan overall, which has seen a 17% uptick in openings since January 1.

As of earlier this week, JPMorgan Chase lists 7,973 openings at its public-facing careers site. While New York remains JPMorgan Chase's most-in-demand location, Bangalore East is a now-close second with 510 openings.

City

Title (Count)

New York

556

Bangalore East

510

Columbus

443

Mumbai

397

Chicago

358

Wilmington

277

London

271

Plano

232

Jersey City

223

Newark

220

Of those 510 jobs, 177 include the term "Engineer" in their titles — 35% of all openings at the location.

Openings at JPMorgan Chase's Banglore East facility for engineers hits its highest level since 2018 earlier this month, with a high of 204 openings.

A move toward automation, engineering, and data science at the world's banks is a common thread. In 2018, we reported that Software Engineering was one of the most-in-demand job categories at JP Morgan. Earlier this month, we looked at a similar trend at State Street that revealed a massive rise in openings for engineers at the custody bank, just as the bank was shedding thousands of middle-management positions in order to make way for what CEO Ronald O'Hanley called the banks "technology transformation".

Meanwhile, JPMorgan Chase continues to grow at a healthy clip. The bank's employee count graph over time according to LinkedIn data shows steady growth since late 2016.

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Joshua Fruhlinger

Joshua has been writing about technology, lifestyle, and business for over 20 years. He's one of the original writers and editors for Engadget, and still writes a...

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