Banking

Hiring in the European banking and payments industry drop by 22% in Q3 2023


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.

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By GlobalData

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.

This content was updated on 8 October 2023



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