The US banking and payments industry experienced a 31% rise in new job postings in Q1 2024 compared with the previous quarter, with the highest share accounted for by JPMorgan Chase & Co with 9,188 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, Office and Administrative Support Occupations jobs accounted for a 16% share of the US banking and payments industry new job postings in Q1 2024, down by 0.95% over the prior quarter.
Office and Administrative Support Occupations drive banking and payments industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Office and Administrative Support Occupations, which accounted for 16% of the total new job postings in Q1 2024 and were down by 19% year-on-year. Second highest were Management Occupations, which accounted for 15% and drop by 35% year-on-year, and third highest were Business and Financial Operations Occupations, which were 5% of the new job postings and 32% lower year-on-year.
Top five companies in banking and payments industry accounted for 22% of hiring activity
The highest number of jobs were posted by JPMorgan Chase & Co with 9,188, followed by Citigroup with 4,165, while the highest increase was at Wells Fargo & Co at 105%.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
