The global banking and payments industry experienced a 7% rise in new job postings in Q2 2024 compared with the previous quarter, with the highest share accounted for by JPMorgan Chase & Co with 14,270 job postings according to GlobalData’s analysis of banking and payments company job postings. GlobalData’s Banking & Payments: Hiring Trends & Signals Q2 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 17% share of the global banking and payments industry’s new job postings in Q2 2024, up 18% over the prior quarter.
Management Occupations drive banking and payments industry hiring activity
Management Occupations, with a share of 17%, was the occupation with the greatest hiring activity in the global banking and payments industry in Q2 2024, ahead of Office and Administrative Support Occupations with a 12% share of job postings.
The other prominent roles include Computer and Mathematical Occupations with an 11% share in Q2 2024, Business and Financial Operations Occupations with an 11% share and Sales and Related Occupations with a 6% share of new job postings.
Top five companies in banking and payments industry accounted for 20% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 20% share of the overall hiring activity in the global banking and payments industry in Q2 2024.
JPMorgan Chase & Co posted 14,270 jobs in Q2 2024 and registered a drop of 3% over the previous quarter, followed by Kotak Mahindra Bank with 13,198 jobs and a 47% growth. Banco Santander with 10,589 jobs and Citigroup with 10,410 jobs, recorded a 79% growth and 0.41% drop, respectively, while Wells Fargo & Co recorded a 19% rise with 6,734 job postings during Q2 2024.
Hiring activity was driven by North America with a 48% share of total new job postings, Q2 2024
North America held the leading share of the new job postings in the global banking and payments industry with a 48% share, 0.85% lower over Q1 2024. Asia-Pacific stood next with 28%, registering a 21% growth over the previous quarter.
Europe with an 18% share marked a 3% drop over Q1 2024. The South & Central America and Middle East & Africa accounted for shares of 3% and 0.83% respectively.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q2 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.
