The Indian banking and payments industry experienced a 39% drop in new job postings in Q2 2023 compared with the previous quarter, with the highest share accounted for by Kotak Mahindra Bank with 6,952 job postings according to GlobalData’s analysis of banking and payments company job postings. Buy the report here.
Notably, Management Occupations jobs accounted for a 35% share of the Indian’s banking and payments industry new job postings in Q2 2023, down by 35% over the prior quarter.
Management Occupations drive banking and payments hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 35% of the total new job postings in Q2 2023 and were down by 6% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 30% and drop by 61% year-on-year, and third highest were Business and Financial Operations Occupations, which were 42% of the new job postings and 50% lower year-on-year.
Top five companies in banking and payments accounted for 49% of hiring activity
The highest number of jobs were posted by Kotak Mahindra Bank with 6,952, followed by Wells Fargo & Co with 3,537, while the highest increase was at Citigroup at 62%.
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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.
