The Asia-Pacific banking and payments industry experienced a 4% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Kotak Mahindra Bank with 7,379 job postings, according to GlobalData’s analysis of banking and payments company job postings. GlobalData’s Banking & Payments: Hiring Trends & Signals Q4 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.
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Notably, Management Occupations jobs accounted for a 30% share of the Asia-Pacific banking and payments industry’s total new job postings in Q4 2023, rise 3% over the prior quarter.
Management Occupations drive banking and payments industry hiring activity
Management Occupations, with a share of 30% new job postings, was the occupation with the greatest hiring activity in the Asia-Pacific banking and payments industry in Q4 2023 , ahead of Computer and Mathematical Occupations with a 14% share of new job postings.
The other prominent roles included Business and Financial Operations Occupations with an 11% share in Q4 2023, Office and Administrative Support Occupations with an 8% share and Sales and Related Occupations with a 2% share of new job postings.
Top five companies accounted for 35% of hiring activity
Kotak Mahindra Bank posted 7,379 jobs in Q4 2023 and registered a growth of 28% over the previous quarter, followed by HSBC with 3,539 jobs and a 10% growth. Citigroup, with 2,176 jobs, and JPMorgan Chase & Co, with 1,719 jobs, recorded a 220% rise and a 30% rise, respectively, while DBS Bank recorded a 61% decline with a 1,708 new job postings during Q4 2023.
Regional analysis of hiring in the Asia-Pacific banking and payments industry, Q4 2023
India held the leading share of the Asia-Pacific banking and payments hiring activity with a 52.21% share, a 9% increase over Q3 2023. Australia was next with 8.34%, four-percentage-point up 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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