The global banking and payments industry experienced a 33% drop in new job postings related to personalization in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 44% decrease versus Q3 2022. 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, Business and Financial Operations Occupations jobs accounted for an 18% share of the global banking and payments industry’s personalization-related total new job postings in Q3 2023, down 31% over the prior quarter.
Business and Financial Operations Occupations drive personalization-related hiring activity
Business and Financial Operations Occupations, with a share of 18%, emerged as the top personalization-related job roles within the banking and payments industry in Q3 2023, with new job postings drop by 31% quarter-on-quarter. Management Occupations came in second with a share of 17% in Q3 2023, with new job postings dropping by 33% over the previous quarter.
The other prominent personalization roles include Computer and Mathematical Occupations with a 10% share in Q3 2023, Sales and Related Occupations with a 7% share of new job postings.
Top five companies in banking and payments industry accounted for 40% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Edward D Jones & Co, London Stock Exchange Group, ANZ Group, U.S. Bancorp, and JPMorgan Chase & Co. Together they accounted for a combined share of 40% of all personalization-related new jobs in the banking and payments industry.
Edward D Jones & Co posted 2,759 personalization-related new jobs in Q3 2023, London Stock Exchange Group 883 jobs, ANZ Group 825 jobs, U.S. Bancorp 541 jobs, and JPMorgan Chase & Co 362 jobs, according to GlobalDataâ€™s Job Analytics.
Hiring activity was driven by the US with a 53.34% share of total new job postings, Q3 2023
The largest share of personalization-related new job postings in the banking and payments industry in Q3 2023 was in the US with 53.34% followed by Canada (7.64%) and India (6.80%). The share represented by the US was five percentage points lower than the 58.22% share it accounted for in Q2 2023.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q3 2023, buy the report here.