Notably, Office and Administrative Support Occupations jobs accounted for a 21% share of the US banking and payments industry new job postings in Q4 2023, down by 11% over the prior quarter.

Office and Administrative Support Occupations drive banking and payments industry hiring activity

Of the industry's total hiring activity, the highest number of new job postings were for Office and Administrative Support Occupations, which accounted for 21% of the total new job postings in Q4 2023 and were down by 39% year-on-year. Second highest were Management Occupations, which accounted for 17% and drop by 53% year-on-year, and third highest were Business and Financial Operations Occupations, which were 12% of the new job postings and 46% lower year-on-year.

Top five companies in banking and payments industry accounted for 22% of hiring activity

The highest number of jobs were posted by JPMorgan Chase & Co with 5,202, followed by Cadence Bank with 3,542, while the highest increase was at Citigroup at 14%.

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

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