The Mexican banking and payments industry experienced a 45% drop in new job postings in Q2 2023 compared with the previous quarter, with the highest share accounted for by Grupo Financiero Banorte with 2,150 job postings according to GlobalDataâ€™s analysis of banking and payments company job postings. Buy the report here.
Notably, Management Occupations jobs accounted for an 8% share of the Mexican’s banking and payments industry new job postings in Q2 2023, down by 55% over the prior quarter.
Management Occupations drive banking and payments hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 8% of the total new job postings in Q2 2023 and were down by 51% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 6% and drop by 62% year-on-year, and third highest were Business and Financial Operations Occupations, which were 61% of the new job postings and 79% lower year-on-year.
Top five companies in banking and payments accounted for 85% of hiring activity
The highest number of jobs were posted by Grupo Financiero Banorte with 2,150, followed by Citigroup with 991, while the highest increase was at Banco Santander at 99%.