Notably, Computer and Mathematical Occupations jobs accounted for a 15% share of the European banking and payments industry’s total new job postings in Q4 2023, rise 6% over the prior quarter.

Computer and Mathematical Occupations drive banking and payments industry hiring activity

Computer and Mathematical Occupations, with a share of 15% new job postings, was the occupation with the greatest hiring activity in the European banking and payments industry in Q4 2023 , ahead of Business and Financial Operations Occupations with a 14% share of new job postings.

The other prominent roles included Management Occupations with a 13% share in Q4 2023, Office and Administrative Support Occupations with a 6% share and Sales and Related Occupations with a 2% share of new job postings.

Top five companies accounted for 22% of hiring activity

Societe Generale posted 2,849 jobs in Q4 2023 and registered a decline of 44% over the previous quarter, followed by Banco Santander with 1,569 jobs and a 19% drop. Nordea Bank Abp, with 1,289 jobs, and ING Group, with 1,191 jobs, recorded a 47% rise and a 25% drop, respectively, while Banco de Sabadell recorded a 70% increase with a 1,110 new job postings during Q4 2023.

Regional analysis of hiring in the European banking and payments industry, Q4 2023

The UK held the leading share of the European banking and payments hiring activity with a 24.18% share, 0.17% increase over Q3 2023. Germany was next with 13.15%, four-percentage-point down over the previous quarter.

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

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