Jobs
Who’s hiring who? Hiring activity related to cloud increased by 2% in the banking & payments industry in Q3 2022
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The global banking & payments industry experienced a 2% rise in new job postings related to cloud in Q3 2022 compared with the previous quarter, according to GlobalData’s whitepaper on Cloud in Banking & Payments – Hiring Activity in Q3 2022. This compares to a 31% increase versus Q3 2021.
Notably, Software and Web Developers, Programmers, and Testers jobs accounted for a 33% share of the global banking & payments industry’s cloud-related total new job postings in Q3 2022, down 4% over the prior quarter.
Source: GlobalData Jobs Analytics
Software and Web Developers, Programmers, and Testers drive cloud-related hiring activity
Software and Web Developers, Programmers, and Testers, with a share of 33%, emerged as the top cloud-related job roles within the banking & payments industry in Q3 2022, with new job postings drop by 4% quarter-on-quarter. Database and Network Administrators and Architects came in second with a share of 8% in Q3 2022, with new job postings rising by 16% over the previous quarter.
The other prominent cloud roles include Computer and Information Systems Managers with a 6% share in Q3 2022, General and Operations Managers with a 3% share of new job postings.
Source: GlobalData Jobs Analytics
Top five companies in banking & payments industry accounted for 10% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2022 were JPMorgan Chase, US Bank, Citigroup and Glynn Capital Management. Together they accounted for a combined share of 10% of all cloud-related active jobs in the banking & payments industry.
JPMorgan Chase posted 6,190 cloud-related new jobs in Q3 2022, US Bank 4,865 jobs, Citigroup 2,218 jobs, and Glynn Capital Management 2,096 jobs, according to GlobalData’s Job Analytics.
Source: GlobalData Jobs Analytics
Hiring activity was driven by the US with a 54% share of total active job postings, Q3 2022
The largest share of cloud-related new job postings in the banking & payments industry in Q3 2022 was in the US with 54% followed by India (13%) and the UK (6%). The share represented by the US was two percentage points lower than the 56% share it accounted for in Q2 2022.
Source: GlobalData Jobs Analytics
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
