Top U.S.-based banks and financial institutions have filled more than 1,000 positions for crypto experts in the past three years.
According to a Nov. 1 report from Bloomberg, financial institutions are offering significant bonuses to attract crypto talent, with human resource consultant Johnson Associates estimating that crypto positions pay salaries that are between 20% and 30% higher than comparable positions not related to digital currency.
The firm added that many senior crypto roles benefit an up to 50% bump in salary over comparable positions, with managing director Alan Johnson concluding:The banks cant run the risk that their clients go to another bank to do these services, so they need to build up.
Research firm Revelio Labs analyzed 287 crypto-related hirings from Goldman Sachs, Wells Fargo, Fidelity, and JPMorgan Chase the four largest employers of digital asset talent on the professional social networking site LinkedIn. Revelio concluded that crypto specialists enjoy a 9% pay rise over their banking co-workers on average.
In October, LinkedIn reported that site-wide job listings for positions relating to crypto and blockchain have jumped 615% since August 2020.
Related: Amazon job posting hints companys Web Services are preparing to adopt crypto
Bank of America established a dedicated crypto research team in July, with the divisions Alkesh Shah stating: The industry and the technology became too big to ignore.
Morgan Stanley also launched a cryptocurrency research team in September, further signalling that top U.S. banks are seeking to attract crypto talent.
