Banks & Fintechs: 36.973 vacancies in the first three months 2023!

The data of the german personnel service and head hunting agency Index Group are quiet impressing and a warning for german economy:

“The number of job positions publicly advertised by banks and fintechs in Germany in the first three months of this year alone was 36,973.”. Amazing number if you think about that 9 months more are comming this year.

This statement tells clearly that the job market in the banking and fintech industries in Germany has been active, with a significant number of job openings being advertised in the first quarter of 2021. Even we would note that this data only pertains to publicly advertised job positions and may not reflect the total number of job openings available in these industries it is really impressive and maybe even more jobs are needed besides official announcements.

To get a more comprehensive view of the job market in Germany and especially the need of jobs in IT and Finance Branche, we consulted some reports and research studies from various sources, such as the Federal Employment Agency, industry associations, and market research firms. These reports may provide insights into trends in job openings, demand for specific skills and professions, and other factors affecting the labor market.

This this problem is already wellknown since years but the gap is even getting bigger. Here are some articles from Newspapers in Germany, particularly in the banking and fintech industries, some of the already shown on this webiste:

1. “Germany’s banking industry faces talent shortage” – Reuters, May 18, 2021 – This article discusses how Germany’s banking industry is struggling to attract and retain talent, particularly in areas such as compliance and risk management.
2. “Labour shortage and skills gaps in the German financial sector” – Centre for European Policy Studies, May 2021 – This report provides an in-depth analysis of the labor market in the German financial sector, highlighting the challenges posed by skills gaps and demographic trends.
3. “How Germany’s finance sector is battling a recruitment crisis” – The Local, June 11, 2021 – This article explores the labor shortage in Germany’s finance sector and discusses the measures being taken by companies to attract and retain talent.
4. “Shortage of skilled workers: IT security experts are particularly in demand” – Handelsblatt, September 29, 2021 – This article discusses the shortage of skilled workers in Germany’s IT sector, particularly in the field of cybersecurity, and the impact this is having on companies.

This are just a view articles that show the need of professionals, experts and specialists in the branches. So if you feel as you could fit in one of this positions, or you want to learn more about how to apply, study for free in germany just subscribe, follow us on social media or contact us directly for a individual consultancy.

Labour shortage is not is not limited to the banking and fintech industries, but is a broader issue affecting many sectors of the economy

Some other industries that are also experiencing labor shortages include:

1. Healthcare: There is a shortage of doctors, nurses, and other healthcare professionals in Germany. According to a report by the Federal Employment Agency, there were over 55,000 vacancies in the healthcare sector in the first quarter of 2021.
2. IT and technology: As digitalization continues to transform the economy, there is high demand for skilled IT professionals in Germany. According to the same report by the Federal Employment Agency, there were over 43,000 vacancies in the IT and technology sector in the first quarter of 2021.
3. Construction: Germany’s construction industry is facing a shortage of skilled workers, particularly in areas such as carpentry and masonry. According to the German Construction Industry Association, there were over 35,000 unfilled vacancies in the construction sector in 2020.
4. Hospitality and tourism: The hospitality and tourism industries in Germany have also been hit hard by the labor shortage. According to a report by the Federal Employment Agency, there were over 38,000 vacancies in the hospitality and tourism sector in the first quarter of 2021.