The global banking and payments industry experienced a 19% drop in new job postings related to environmental sustainability in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 37% decrease versus Q4 2022. 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, Management Occupations jobs accounted for a 21% share of the global banking and payments industry’s environmental sustainability-related total new job postings in Q4 2023, down 11% over the prior quarter.
Management Occupations drive environmental sustainability-related hiring activity
Management Occupations, with a share of 21%, emerged as the top environmental sustainability-related job roles within the banking and payments industry in Q4 2023, with new job postings drop by 11% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 15% in Q4 2023, with new job postings dropping by 6% over the previous quarter.
The other prominent environmental sustainability roles include Business and Financial Operations Occupations with a 13% share in Q4 2023, Office and Administrative Support Occupations with a 8% share of new job postings.
Top five companies in banking and payments industry accounted for 45% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were London Stock Exchange Group, John Hancock Investors Trust, S&P Global, DekaBank Deutsche Girozentrale AoR, and ANZ Group. Together they accounted for a combined share of 45% of all environmental sustainability-related new jobs in the banking and payments industry.
London Stock Exchange Group posted 986 environmental sustainability-related new jobs in Q4 2023, John Hancock Investors Trust 921 jobs, S&P Global 294 jobs, DekaBank Deutsche Girozentrale AoR 195 jobs, and ANZ Group 187 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 28.00% share of total new job postings, Q4 2023
The largest share of environmental sustainability-related new job postings in the banking and payments industry in Q4 2023 was in the US with 28.00% followed by the UK (11.81%) and India (9.41%). The share represented by the US was eight percentage points lower than the 36.41% share it accounted for in Q3 2023.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q4 2023, 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.
