The British banking and payments industry experienced a 22% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by Banco Santander with 508 job postings according to GlobalData’s analysis of banking and payments company job postings. GlobalData’s Banking & Payments: Hiring Trends & Signals Q3 2023 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, Management Occupations jobs accounted for an 18% share of the British banking and payments industry new job postings in Q3 2023, down by 27% 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 18% of the total new job postings in Q3 2023 and were down by 67% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 14% and drop by 70% year-on-year, and third highest were Business and Financial Operations Occupations, which were 6% of the new job postings and 56% lower year-on-year.

Top five companies in banking and payments industry accounted for 28% of hiring activity

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The highest number of jobs were posted by Banco Santander with 508, followed by Travelex with 490, while the highest increase was at NatWest Group at 34%.

For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q3 2023, buy the report here.