The North American banking and payments industry experienced an 8% rise in new job postings in Q2 2024 compared with the previous quarter, with the highest share accounted for by JPMorgan Chase & Co with 8,482 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.
Smarter leaders trust GlobalData
Notably, Office and Administrative Support Occupations jobs accounted for a 17% share of the North American banking and payments industry’s total new job postings in Q2 2024, rise 22% over the prior quarter.
Office and Administrative Support Occupations drive banking and payments industry hiring activity
Office and Administrative Support Occupations, with a share of 17% new job postings, was the occupation with the greatest hiring activity in the North American banking and payments industry in Q2 2024 , ahead of Management Occupations with a 15% share of new job postings.
The other prominent roles included Business and Financial Operations Occupations with a 13% share in Q2 2024, Sales and Related Occupations with an 11% share and Computer and Mathematical Occupations with a 10% share of new job postings.
Top five companies accounted for 19% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 19% of the overall hiring activity in the North American banking and payments industry in Q2 2024.
JPMorgan Chase & Co posted 8,482 jobs in Q2 2024 and registered a decline of 5% over the previous quarter, followed by Citigroup with 5,646 jobs and a 17% drop. Wells Fargo & Co, with 4,898 jobs, and PNC Financial Services Group, with 3,479 jobs, recorded a 34% rise and a 10% rise, respectively, while Bank of America recorded a 6% increase with a 3,358 new job postings during Q2 2024.
Regional analysis of hiring in the North American banking and payments industry, Q2 2024
The US held the leading share of the North American banking and payments hiring activity with an 83.94% share, an 8% increase over Q1 2024. Canada was next with 10.52%, four-percentage-point up over the previous quarter.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q2 2024, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
