Glassdoor Data: Major Traditional Finance Name Tops The Charts For Crypto Employment Opportunities
Glassdoor Data Reveals That Major Traditional Finance Name Top The Charts For Crypto Employment Opportunities
The cryptocurrency industry is seeing a lot of layoffs for employees for different businesses, including mining farms and crypto exchanges. However, there still seems to be opportunities for individuals that are looking to enter the field. The Hard Fork recently investigated these employment options through Glassdoor, a website that shows the salaries and job opportunities for various companies. Within their research, they discovered that the United States is leading in these job postings, followed by the UK and Canada, but there’s so much more information they uncovered.
During the research, The Hard Fork sought out jobs that specifically mentioned “blockchain,” and broadened the search to include any posting from around the world. The postings showed a wide range of roles involving blockchain technology, including development and marketing, amongst others. Glassdoor came up with almost 6,000 blockchain jobs around the world, with the US accounting for about half of them. The UK showed 1,015 blockchain-related jobs, and Canada posted 243 vacancies.
Of all of the jobs available, the most common title was “blockchain engineer.” The descriptions vary, though the vagueness of the term suggests that there are many different roles that this person would need to take on. The next two common job titles include “senior software engineer” and “blockchain developer,” which are a lot like what Facebook has been advertising for their own blockchain jobs. Thus far, the social media giant already has hired 50 members for this secret team, which is allegedly working on blockchain and cryptocurrency projects.
The Hard Fork compiled their data into the following table to show the number of blockchain-related jobs, organized by the company that is offering them. However, the company notes that the only data included are for the first 3,500 jobs listed.
In the top 10 companies by blockchain-based employment opportunities, there’s only three of them that are originally tied to cryptocurrency – Foris Limited, Crypto.com, and Wirex. However, the other 7 companies in that group are not based in the crypto sector, but instead work in traditional tech, finance, or other well-known industries, like IBM, Ernst & Young (EY), and Oracle. Though they were not founded in the nascent market, recent news articles have consistently been arising about each of their involvement with the crypto industry.
For instance, EY now has an accounting tool for cryptocurrency investors, allowing them to incorporate their crypto earnings into their tax filings. Also, IBM has been fairly public about their crypto blockchain solutions that they’ve had in the works.
Lower in the list, consumers will see some of the familiar faces in crypto, like ConsenSys and Ripple. Still, it is worth noting that The Next Web ultimately discovered that over half of the companies in the top 20 listed have no relation to cryptocurrency before now, apart from creating their team. Hopefully, this institutional interest starts bringing in more institutional investors to bring the market out of the bearish trajectory it has kept for so many months.