The Asia-Pacific banking and payments industry experienced a 23% rise in new job postings in Q1 2024 compared with the previous quarter, with the highest share accounted for by Kotak Mahindra Bank with 8,991 job postings, according to GlobalData’s analysis of banking and payments company job postings. GlobalData’s Banking & Payments: Hiring Trends & Signals Q1 2024 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, Management Occupations jobs accounted for a 23% share of the Asia-Pacific banking and payments industry’s total new job postings in Q1 2024, drop 6% over the prior quarter.
Management Occupations drive banking and payments industry hiring activity
Management Occupations, with a share of 23% new job postings, was the occupation with the greatest hiring activity in the Asia-Pacific banking and payments industry in Q1 2024 , ahead of Computer and Mathematical Occupations with a 13% share of new job postings.
The other prominent roles included Office and Administrative Support Occupations with a 7% share in Q1 2024, Business and Financial Operations Occupations with a 7% share and Sales and Related Occupations with a 2% share of new job postings.
Top five companies accounted for 31% of hiring activity
Kotak Mahindra Bank posted 8,991 jobs in Q1 2024 and registered a growth of 22% over the previous quarter, followed by JPMorgan Chase & Co with 3,653 jobs and a 106% growth. HSBC, with 3,387 jobs, and Citigroup, with 2,154 jobs, recorded a 4% drop and a 10% drop, respectively, while DBS Bank recorded a 9% increase with a 1,868 new job postings during Q1 2024.
Regional analysis of hiring in the Asia-Pacific banking and payments industry, Q1 2024
India held the leading share of the Asia-Pacific banking and payments hiring activity with a 54.42% share, a 26% increase over Q4 2023. Australia was next with 8.08%, four-percentage-point up over the previous quarter.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q1 2024, buy the report here.
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