The German banking and payments industry experienced a 16% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Commerzbank with 749 job postings according to GlobalData’s analysis of banking and payments company job postings. GlobalData’s Banking & Payments: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Business and Financial Operations Occupations jobs accounted for an 18% share of the German banking and payments industry new job postings in Q4 2023, up by 135% over the prior quarter.
Business and Financial Operations Occupations drive banking and payments industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Business and Financial Operations Occupations, which accounted for 18% of the total new job postings in Q4 2023 and were up by 71% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 11% and rise by 21% year-on-year, and third highest were Management Occupations, which were 9% of the new job postings and 8% lower year-on-year.
Top five companies in banking and payments industry accounted for 50% of hiring activity
The highest number of jobs were posted by Commerzbank with 749, followed by Banco de Sabadell with 569, while the highest increase was at Deutsche Bank at 42%.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q4 2023, buy the report here.
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