The global banking and payments industry experienced an 8% drop in new job postings related to metaverse in Q1 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 51% decrease versus Q1 2022. Expected to be the next mega-theme, metaverse has the potential to significantly impact the banking sector. GlobalData’s Metaverse Market Size, Share and Trends Analysis Report, and Segment Forecasts to 2030 report provides sizing information for segmentation by vertical, component stack and region, latest trends and dynamics and competitive profiling of key players in the market. Buy the report here.
Notably, Computer and Mathematical Occupations jobs accounted for a 23% share of the global banking and payments industry’s metaverse-related total new job postings in Q1 2023, up 43% over the prior quarter.
Computer and Mathematical Occupations drive metaverse-related hiring activity
Computer and Mathematical Occupations, with a share of 23%, emerged as the top metaverse-related job roles within the banking and payments industry in Q1 2023, with new job postings rising by 43% quarter-on-quarter. Management Occupations came in second with a share of 21% in Q1 2023, with new job postings dropping by 26% over the previous quarter.
The other prominent metaverse roles include Business and Financial Operations Occupations with an 8% share in Q1 2023, Office and Administrative Support Occupations with a 4% share of new job postings.
Top five companies in banking and payments industry accounted for 41% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2023 were Provident Financial Services, Coinbase Global, Coinbase, PKO Bank Polski, and JPMorgan Chase & Co. Together they accounted for a combined share of 41% of all metaverse-related new jobs in the banking and payments industry.
Provident Financial Services posted 115 metaverse-related new jobs in Q1 2023, Coinbase Global 86 jobs, Coinbase 77 jobs, PKO Bank Polski 26 jobs, and JPMorgan Chase & Co 26 jobs, according to GlobalDataâ€™s Job Analytics.
Hiring activity was driven by the US with a 52.44% share of total new job postings, Q1 2023
The largest share of metaverse-related new job postings in the banking and payments industry in Q1 2023 was in the US with 52.44% followed by Canada (8.89%) and India (6.88%). The share represented by the US was two percentage points higher than the 50.75% share it accounted for in Q4 2022.
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