The Chinese banking and payments industry experienced a 16% drop in new job postings in Q1 2024 compared with the previous quarter, with the highest share accounted for by HSBC with 905 job postings according to GlobalData’s analysis of banking and payments company job postings. GlobalData’s Banking & Payments: Hiring Trends & Signals Q1 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.

Notably, Management Occupations jobs accounted for a 12% share of the Chinese banking and payments industry new job postings in Q1 2024, down by 51% over the prior quarter.

Management Occupations drive banking and payments industry hiring activity

Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 12% of the total new job postings in Q1 2024 and were down by 65% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 7% and drop by 39% year-on-year, and third highest were Office and Administrative Support Occupations, which were 33% of the new job postings and 4% lower year-on-year.

Top five companies in banking and payments industry accounted for 49% of hiring activity

The highest number of jobs were posted by HSBC with 905, followed by Bank of China with 157, while the highest increase was at State Street at 49%.

For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q1 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.