The European banking and payments industry experienced a 3% drop in new job postings in Q2 2024 compared with the previous quarter, with the highest share accounted for by Banco Santander with 6,825 job postings, according to GlobalData’s analysis of banking and payments company job postings. 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 12% share of the European banking and payments industry’s total new job postings in Q2 2024, drop 6% over the prior quarter.
Computer and Mathematical Occupations drive banking and payments industry hiring activity
Computer and Mathematical Occupations, with a share of 12% new job postings, was the occupation with the greatest hiring activity in the European banking and payments industry in Q2 2024 , ahead of Management Occupations with an 11% share of new job postings.
The other prominent roles included Business and Financial Operations Occupations with an 8% share in Q2 2024, Office and Administrative Support Occupations with a 5% share and Sales and Related Occupations with a 2% share of new job postings.
Top five companies accounted for 26% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 26% of the overall hiring activity in the European banking and payments industry in Q2 2024.
Banco Santander posted 6,825 jobs in Q2 2024 and registered a growth of 193% over the previous quarter, followed by VTB Bank with 1,685 jobs and a 1% drop. ING Group, with 1,612 jobs, and Citigroup, with 1,500 jobs, recorded a 6% rise and a 27% rise, respectively, while BBVA recorded a 56% increase with a 1,425 new job postings during Q2 2024.
Regional analysis of hiring in the European banking and payments industry, Q2 2024
The UK held the leading share of the European banking and payments hiring activity with a 25.27% share, a 2% increase over Q1 2024. Poland was next with 20.70%, four-percentage-point up over the previous quarter.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q2 2024, buy the report here.
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