The global banking and payments industry experienced a 16% drop in new job postings related to ecommerce in Q2 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 35% decrease versus Q2 2022. GlobalData’s Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 report offers a thorough analysis of the global B2C eCommerce market, segmentation and forecast by payment methods and region, and the current competitive landscape. Buy the report here.
Notably, Management Occupations jobs accounted for a 25% share of the global banking and payments industry’s ecommerce-related total new job postings in Q2 2023, down 13% over the prior quarter.
Management Occupations drive ecommerce-related hiring activity
Management Occupations, with a share of 25%, emerged as the top ecommerce-related job roles within the banking and payments industry in Q2 2023, with new job postings drop by 13% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 17% in Q2 2023, with new job postings dropping by 31% over the previous quarter.
The other prominent ecommerce roles include Sales and Related Occupations with a 6% share in Q2 2023, Business and Financial Operations Occupations with a 6% share of new job postings.
Top five companies in banking and payments industry accounted for 38% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were Travelex, PayU, Citigroup, Visa, and National Australia Bank. Together they accounted for a combined share of 38% of all ecommerce-related new jobs in the banking and payments industry.
Travelex posted 389 ecommerce-related new jobs in Q2 2023, PayU 222 jobs, Citigroup 203 jobs, Visa 183 jobs, and National Australia Bank 134 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 29.61% share of total new job postings, Q2 2023
The largest share of ecommerce-related new job postings in the banking and payments industry in Q2 2023 was in the US with 29.61% followed by the UK (18.25%) and India (11.60%). The share represented by the US was one percentage point higher than the 28.24% share it accounted for in Q1 2023.
For further understanding of GlobalData's Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 buy the report here.
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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.
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