The global banking and payments industry experienced a 17% drop in new job postings related to ecommerce in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 43% decrease versus Q4 2022. GlobalData’s Banking & Payments: Hiring Trends & Signals Q4 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.

Notably, Management Occupations jobs accounted for a 25% share of the global banking and payments industry’s ecommerce-related total new job postings in Q4 2023, down 10% over the prior quarter.

Management Occupations drive ecommerce-related hiring activity

Management Occupations, with a share of 25%, emerged as the top ecommerce-related job roles within the banking and payments industry in Q4 2023, with new job postings drop by 10% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 14% in Q4 2023, with new job postings dropping by 30% over the previous quarter.

The other prominent ecommerce roles include Business and Financial Operations Occupations with a 13% share in Q4 2023, Sales and Related Occupations with a 8% share of new job postings.

Top five companies in banking and payments industry accounted for 43% of hiring activity

The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Travelex, Visa, Rapyd Financial Network (2016), Mastercard, and JPMorgan Chase & Co. Together they accounted for a combined share of 43% of all ecommerce-related new jobs in the banking and payments industry.

Travelex posted 324 ecommerce-related new jobs in Q4 2023, Visa 184 jobs, Rapyd Financial Network (2016) 129 jobs, Mastercard 109 jobs, and JPMorgan Chase & Co 73 jobs, according to GlobalData’s Job Analytics.

Hiring activity was driven by the US with a 24.62% share of total new job postings, Q4 2023

The largest share of ecommerce-related new job postings in the banking and payments industry in Q4 2023 was in the US with 24.62% followed by the UK (23.57%) and India (10.53%). The share represented by the US was two percentage points lower than the 26.48% share it accounted for in Q3 2023.

For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q4 2023, buy the report here.

This content was updated on 6 January 2024

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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.