Notably, Management Occupations jobs accounted for a 15% share of the global banking and payments industry’s new job postings in Q1 2024, up 2% over the prior quarter.

Management Occupations drive banking and payments industry hiring activity

Management Occupations, with a share of 15%, was the occupation with the greatest hiring activity in the global banking and payments industry in Q1 2024, ahead of Computer and Mathematical Occupations with an 11% share of job postings.

The other prominent roles include Office and Administrative Support Occupations with an 11% share in Q1 2024, Business and Financial Operations Occupations with an 11% share and Sales and Related Occupations with a 6% share of new job postings.

Top five companies in banking and payments industry accounted for 17% of hiring activity

The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 17% share of the overall hiring activity in the global banking and payments industry in Q1 2024.

JPMorgan Chase & Co posted 14,686 jobs in Q1 2024 and registered a growth of 87% over the previous quarter, followed by Citigroup with 10,447 jobs and a 24% growth. Kotak Mahindra Bank with 8,991 jobs and Banco Santander with 5,902 jobs, recorded a 22% growth and a 13% rise, respectively, while Wells Fargo & Co recorded a 181% rise with 5,637 job postings during Q1 2024.

Hiring activity was driven by North America with a 48% share of total new job postings, Q1 2024

North America held the leading share of the new job postings in the global banking and payments industry with a 48% share, 0.53% higher over Q4 2023. Asia-Pacific stood next with 24%, registering a 23% growth over the previous quarter.

Europe with a 21% share marked a 40% rise over Q4 2023. The South & Central America and Middle East & Africa accounted for shares of 2% and 33% respectively.

For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q1 2024, buy the report here.

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