The global banking and payments industry experienced a 23% rise in new job postings related to mobile payments in Q2 2024 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to 0.2% 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, Office and Administrative Support Occupations jobs accounted for a 42% share of the global banking and payments industry’s mobile payments-related total new job postings in Q2 2024, up 44% over the prior quarter.
Office and Administrative Support Occupations drive mobile payments-related hiring activity
Office and Administrative Support Occupations, with a share of 42%, emerged as the top mobile payments-related job roles within the banking and payments industry in Q2 2024, with new job postings rising by 44% quarter-on-quarter. Business and Financial Operations Occupations came in second with a share of 18% in Q2 2024, with new job postings rising by 26% over the previous quarter.
The other prominent mobile payments roles include Sales and Related Occupations with an 11% share in Q2 2024, Management Occupations with a 6% share of new job postings.
Top five companies in banking and payments industry accounted for 66% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2024 were Wells Fargo & Co, Desjardins Group, Bank of America, Truist Financial, and Canadian Imperial Bank of Commerce. Together they accounted for a combined share of 66% of all mobile payments-related new jobs in the banking and payments industry.
Wells Fargo & Co posted 3,245 mobile payments-related new jobs in Q2 2024, Desjardins Group 1,075 jobs, Bank of America 805 jobs, Truist Financial 711 jobs, and Canadian Imperial Bank of Commerce 678 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 64.00% share of total new job postings, Q2 2024
The largest share of mobile payments-related new job postings in the banking and payments industry in Q2 2024 was in the US with 64.00% followed by Canada (22.75%) and India (6.04%). The share represented by the US was five percentage points higher than the 59.08% 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.
