[2022 National Audit] Securities Firms' IT Staff 'Scarce'... Salaries Are the 'King' in Finance Sector

[Asia Economy Reporter Ji Yeon-jin] Among financial institutions, the securities company with the fewest IT personnel was found to have the highest average salary.

According to the 'Status of IT Personnel in Major Domestic Financial Sectors' received by Kang Min-guk, a member of the National Assembly's Political Affairs Committee from the Financial Supervisory Service, as of the end of August this year, the number of IT personnel in commercial banks, internet banks, securities companies, and big tech firms was 7,199, accounting for 10.1% of total employees.

The proportion of IT personnel was highest at the three big tech companies with 48.0%, followed by commercial banks at 8.2%. Securities companies had the lowest proportion at 6.9%.

Looking at the IT employee recruitment status of commercial banks, Kookmin Bank had the highest proportion at 9.7%, followed by Hana Bank (8.0%), Shinhan Bank (7.6%), and Woori Bank (6.9%).

Among internet banks, Toss Bank had the highest IT personnel proportion at 57.0%, followed by K Bank (46.1%) and Kakao Bank (25.1%).

In securities companies, Korea Investment & Securities had the highest IT personnel proportion at 9.9%, followed by NH Securities (6.0%), Samsung Securities (6.0%), and Mirae Asset Securities (4.9%).

Among big tech companies, Kakao Pay accounted for 49.8%, followed by Naver Financial (48.1%) and Toss (45.3%).

The level of new IT personnel recruitment was similar. The proportion of new IT hires at internet banks was highest at 50.2%, followed by big tech sector at 38.0%. Commercial banks had 24.2%, and securities companies only 13.6%.

As of last year, the average annual salary of IT personnel in the financial sector was highest at securities companies with 127,220,840 KRW. Commercial banks followed with 109,743,504 KRW, internet banks with 96,093,560 KRW, and big tech companies with 78,164,403 KRW.

The proportion of retirees was lowest in securities companies (2.9%). Next were commercial banks (4.5%), internet banks (27.8%), and big tech companies (35.6%).