Banks continue to hire crypto talent as industry job postings surged 615% in August

November 9, 2021

According to a Bloomberg report, some of the Wall Street banking titans have added 1,000 crypto job positions to their organizations since 2018. With crypto and blockchain-related job postings in the U.S. climbing 615% in August this year alone.
Goldman Sachs has recruited 82 crypto professionals, Wells Fargo 74, and JPMorgan Chase hired 63. A 20-30% increase in salary over more traditional roles in marketing, sales, and software development is being offered to incentivize the best talent.
Senior roles could see a 50% advantage over similar traditional roles. According to the Financial Times, who interviewed a recruiter based in London, even cryptocurrency hobbyists could get a job in the industry, and $137K to $273K a year is the norm for non-programmer jobs, while blockchain programmers can get paid up to $337K per year.
Government cooperation is key in getting banks on board the crypto train. For example, in China’s recent crackdown, banks were the first victims of a ban on transactions, before the ban stretched to all crypto transactions. It has become clear that the USA does not intend to ban cryptocurrency outright, but regulate it. According to SEC chair Gary Gensler, regulation will bring stability to the cryptocurrency industry.
Copyright @ 2021 Be in crypto
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