The global banking and payments industry experienced a 3% drop in new job postings related to online payments in Q2 2024 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 24% 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 online payments-related total new job postings in Q2 2024, down 19% over the prior quarter.
Computer and Mathematical Occupations drive online payments-related hiring activity
Computer and Mathematical Occupations, with a share of 29%, emerged as the top online payments-related job roles within the banking and payments industry in Q2 2024, with new job postings drop by 19% quarter-on-quarter. Management Occupations came in second with a share of 23% in Q2 2024, with new job postings dropping by 2% over the previous quarter.
The other prominent online payments roles include Business and Financial Operations Occupations with a 5% 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 78% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2024 were PayPal, Kotak Mahindra Bank, MIH Fintech Holdings, Visa, and Fidelity National Information Services. Together they accounted for a combined share of 78% of all online payments-related new jobs in the banking and payments industry.
PayPal posted 796 online payments-related new jobs in Q2 2024, Kotak Mahindra Bank 126 jobs, MIH Fintech Holdings 126 jobs, Visa 53 jobs, and Fidelity National Information Services 26 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 39.69% share of total new job postings, Q2 2024
The largest share of online payments-related new job postings in the banking and payments industry in Q2 2024 was in the US with 39.69% followed by India (35.88%) and the UK (2.85%). The share represented by the US was three percentage points lower than the 42.93% 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.
