Top U.S. banks offer big incentives to lure crypto talent

Over 1,000 positions have been filled by top U.S. financial institutions and banks in the last three years for crypto-experts.

Bloomberg reports that financial institutions offer significant bonuses to attract cryptocurrency talent. Johnson Associates, a human resource consultant, estimates that salaries for crypto positions are 20% to 30% higher than similar positions that are not connected to digital currency.

According to the firm, senior crypto roles can receive a salary increase of up to half the amount for comparable positions. Alan Johnson, managing director, concluded:

“Banks can’t take the risk that clients will go to another bank for these services. They need to build up.”

Revelio Labs, a research firm, analyzed 287 hirings in crypto-related roles at Goldman Sachs (Wells Fargo), Fidelity and JPMorgan Chase — four of the largest employers of digital assets talent on professional social networking site LinkedIn. Revelio found that crypto specialists receive an average 9% increase in their pay over their bank co-workers.

LinkedIn reported in October that the number of job postings on its site for positions related to crypto and blockchain has increased by 615%, compared with August 2020.

Related: Amazon Job Posting Hints Company’s Web Services Are Preparing to Adopt Crypto

Bank of America created a dedicated team for crypto research in July. Alkesh Shah, the division’s head, stated that “The technology and the industry became too large to ignore.”

Morgan Stanley also established a cryptocurrency research group in September. This is a further indication that the top U.S. banks are looking to attract talented crypto-people.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Jason Basler

Jason Basler– Financial Updates My Name is Jason Basler and I am also the main source from the ‘Topnewsscoop.com’ of all the exclusive and most delicate visualization of the activities in the business sector. My first step towards this journey was taken in the very early years of my life. I started with an independent financial consultant. However, I only had almost 4 years of skills and experience in this market. I have always been a free personality and like to fly one place to another, to explore more and more. Moreover, this passion and craze of traveling gave me a chance to report a section for best news associations. Last but not least, I am presently working full-time as an editor. Address: 4830 Crim Lane Dayton, OH 45402, United States of America Phone Number:  +1 937 727 7917 Email: [email protected]

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami