Notably, Computer and Mathematical Occupations jobs accounted for a 30% share of the global banking and payments industry’s future of work-related total new job postings in Q2 2023, down 22% over the prior quarter.

Computer and Mathematical Occupations drive future of work-related hiring activity

Computer and Mathematical Occupations, with a share of 30%, emerged as the top future of work-related job roles within the banking and payments industry in Q2 2023, with new job postings drop by 22% quarter-on-quarter. Management Occupations came in second with a share of 15% in Q2 2023, with new job postings dropping by 20% over the previous quarter.

The other prominent future of work roles include Business and Financial Operations Occupations with an 8% share in Q2 2023, Office and Administrative Support Occupations with a 6% share of new job postings.

Top five companies in banking and payments industry accounted for 27% of hiring activity

The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were Citigroup, Wells Fargo & Co, US Bank, JPMorgan Chase & Co, and Deutsche Bank. Together they accounted for a combined share of 27% of all future of work-related new jobs in the banking and payments industry.

Citigroup posted 2,697 future of work-related new jobs in Q2 2023, Wells Fargo & Co 1,947 jobs, US Bank 1,810 jobs, JPMorgan Chase & Co 1,486 jobs, and Deutsche Bank 1,008 jobs, according to GlobalData’s Job Analytics.

Hiring activity was driven by the US with a 50.14% share of total new job postings, Q2 2023

The largest share of future of work-related new job postings in the banking and payments industry in Q2 2023 was in the US with 50.14% followed by India (17.09%) and Canada (5.58%). The share represented by the US was three percentage points higher than the 47.35% share it accounted for in Q1 2023.

For further understanding of GlobalData's Future of Work – Thematic Research buy the report here.

This content was updated on 24 July 2023

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