The global banking and payments industry experienced a 4% rise in new job postings related to future of work in Q2 2024 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to an 8% decrease versus Q2 2023. 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, Computer and Mathematical Occupations jobs accounted for a 29% share of the global banking and payments industry’s future of work-related total new job postings in Q2 2024, up 8% over the prior quarter.
Computer and Mathematical Occupations drive future of work-related hiring activity
Computer and Mathematical Occupations, with a share of 29%, emerged as the top future of work-related job roles within the banking and payments industry in Q2 2024, with new job postings rising by 8% quarter-on-quarter. Management Occupations came in second with a share of 13% in Q2 2024, with new job postings rising by 4% over the previous quarter.
The other prominent future of work roles include Business and Financial Operations Occupations with an 8% share in Q2 2024, Office and Administrative Support Occupations with a 4% share of new job postings.
Top five companies in banking and payments industry accounted for 28% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2024 were Deutsche Bank, JPMorgan Chase & Co, S&P Global, Citigroup, and American Express. Together they accounted for a combined share of 28% of all future of work-related new jobs in the banking and payments industry.
Deutsche Bank posted 3,059 future of work-related new jobs in Q2 2024, JPMorgan Chase & Co 2,694 jobs, S&P Global 1,273 jobs, Citigroup 1,124 jobs, and American Express 1,004 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 37.71% share of total new job postings, Q2 2024
The largest share of future of work-related new job postings in the banking and payments industry in Q2 2024 was in the US with 37.71% followed by India (26.35%) and the UK (5.95%). The share represented by the US was three percentage points lower than the 40.88% share it accounted for in Q1 2024.
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.
