The British banking and payments industry experienced a 15% drop in new job postings in Q4 2022 compared with the previous quarter, with the highest share accounted for by Barclays with 3,273 job postings according to GlobalData’s analysis of banking and payments company job postings.
Notably, Management Occupations jobs accounted for a 27% share of the British’s banking and payments industry new job postings in Q4 2022, down by 15% over the prior quarter.
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 27% of the total new job postings in Q4 2022 and were up by 8% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 26% and rise by 3% year-on-year, and third highest were Office and Administrative Support Occupations, which were 7% of the new job postings and 3% higher year-on-year.
The highest number of jobs were posted by Barclays with 3,273, followed by JPMorgan Chase & Co with 1,562, while the highest increase was at Lloyds Banking Group at 10%.