The European 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 Societe Generale with 5,129 job postings, according to GlobalDataâ€™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.
Notably, Computer and Mathematical Occupations jobs accounted for a 12% share of the European banking and payments industry’s total new job postings in Q3 2023, drop 26% 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 Q3 2023 , ahead of Management Occupations with a 9% share of new job postings.
The other prominent roles included Business and Financial Operations Occupations with a 9% share in Q3 2023, 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 29% of hiring activity
Societe Generale posted 5,129 jobs in Q3 2023 and registered a growth of 40% over the previous quarter, followed by Banco Santander with 1,957 jobs and a 16% drop. ING Group, with 1,596 jobs, and Deutsche Bank, with 1,263 jobs, recorded a 29% rise and a 12% rise, respectively, while PKO Bank Polski recorded a 54% decline with a 1,091 new job postings during Q3 2023.
Regional analysis of hiring in the European banking and payments industry, Q3 2023
The UK held the leading share of the European banking and payments hiring activity with a 21.49% share, a 22% decrease over Q2 2023. France was next with 16.25%, four-percentage-point up over the previous quarter.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q3 2023, buy the report here.