Hiring activity related to ESG increased by a CAGR of 104% in the private banking industry since 2020 

The global private banking industry witnessed a 104% rise in compound annual growth rate (CAGR) in new job postings related to ESG since 2020, according to GlobalData's Job Analytics database. New job postings increased by 181% year-on-year in 2021, and by 49% year-on-year in 2022. 

Notably, management occupations jobs accounted for 30% share of the global private banking industry’s ESG-related new job postings since 2020. 

Management occupations, with a share of 30%, emerged as the top ESG-related job roles within the private banking industry since 2020, with new job postings rising by 222% year-on-year in 2021 and by 48% year-on-year in 2022. 

Business and financial operations occupations came in second with a share of 21%, with new job postings rising by 150% year-on-year in 2021 and by 43% year-on-year in 2022. 

The other prominent ESG roles include office and administrative support occupations with a 20% share, and computer and mathematical occupations with a 15% share and sales and related occupations with a 6% share. 

The top five companies, in terms of the number of new job postings tracked by GlobalData, since 2020 were Citigroup, Standard Chartered, JPMorgan Chase, Bank of Montreal, and Wells Fargo. Together they accounted for a combined share of 44% of all ESG-related new jobs in the private banking industry.

Citigroup posted 46,400 ESG-related jobs since 2020, followed by Standard Chartered with 38,641 jobs, and JPMorgan Chase with 32,316 jobs, according to GlobalData’s Job Analytics database. 

New job postings by Citigroup increased by 45% year-on-year in 2022 and by 40% year-on-year in 2022, while those by Standard Chartered increased by 841% in 2021 and by 31% in 2022. 

The largest share of ESG-related new job postings in the private banking industry since 2020 was in the US with 40%, followed by India (18%) and Canada (11%). The share represented by the US decreased by one percentage point from 41% in 2021 to 40% in 2022. 

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.  

GlobalData’s Job Analytics database 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.