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September 13, 2022updated 15 Sep 2022 12:51pm

North America is seeing a hiring jump in private banking industry cloud roles

Some parts of the world are investing more heavily in cloud roles than others

By Data Journalism Team

North America extended its dominance for cloud hiring among private banking industry companies in the three months ending July.

The number of roles in North America made up 47.5% of total cloud jobs – up from 42.9% in the same quarter last year.

That was followed by Europe, which saw a 1.3 year-on-year percentage point change in cloud roles.

The figures are compiled by GlobalData, who track the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData's thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.

These key themes, which include cloud, are chosen to cover "any issue that keeps a CEO awake at night".

By tracking them across job advertisements it allows us to see which companies are leading the way on specific issues and which are dragging their heels - and importantly where the market is expanding and contracting.

Which countries are seeing the most growth for cloud job ads in the private banking industry?

The fastest growing country was Canada in North America, which saw 4.4% of all cloud job adverts in the three months ending July 2021, increasing to 8.6% in the three months ending July this year.

That was followed by Germany (up 0.5 percentage points), the United Kingdom (0.5), and the United States (0.399999999999999).

The top country for cloud roles in the private banking industry is the United States which saw 38.9% of all roles advertised in the three months ending July.

Which cities and locations are the biggest hubs for cloud workers in the private banking industry?

Some 10.5% of all private banking industry cloud roles were advertised in Pune (India) in the three months ending July.

That was followed by Toronto (Canada) with 5.5%, Bengaluru (India) with 4.3%, and London (United Kingdom) with 2.6%.

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