Information from the Statistics and Census Service (DSEC) indicated that number of banks in Macao totalled 30 at the end of the third quarter of 2020, an increase of 1 year-on-year. Full-time employees in the Banking Sector rose by 285 year-on-year to 7,003. Analysed by occupation, there were 2,039 directors & managers and 2,180 clerks (including 728 bank tellers).

In September 2020, average earnings (excluding bonuses) of full-time employees were MOP29,740, up slightly by 0.7% year-on-year. Average earnings of bank tellers inched up by 0.4% to MOP18,170.

At the end of the third quarter of 2020, job vacancies totalled 249, a decrease of 65 from a year earlier. There were 133 vacancies for clerks, including 29 for bank tellers.

In terms of recruitment prerequisites, 69.5% of the vacancies required work experience and 96.8% required tertiary education; requirement for knowledge of English and Mandarin accounted for 97.6% and 98.8% of the total respectively.

In the third quarter, there were 306 new recruits and 210 employees leaving employment in the Banking Sector. The employee recruitment rate (4.4%), the employee turnover rate (3.0%) and the job vacancy rate (3.4%) dropped by 2.4, 2.0 and 1.1 percentage points respectively year-on-year, indicating a decrease in the demand for manpower in the Banking Sector in this quarter.

As regards vocational training, the Banking Sector had 13,356 employee participants attending training courses provided by the employer (including courses organised by the banks or those sponsored by the banks). The majority of the participants (81.7%) attended courses organised by the banks. Most of the participants took Business & Administration courses (71.5%), followed by Information Technology courses (14.9%).