The global banking and payments industry experienced a 20% drop in new job postings related to blockchain in Q2 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 53% decrease versus Q2 2022. GlobalData’s Blockchain Market Size, Share, Trends, and Segment Forecast to 2030 report offers insights on application of blockchain in banking and other key sectors. It provides forward-looking analysis of the market including market sizing up to 2026, segmentation by application, potential growth opportunities, and competitive profi Buy the report here.
Notably, Computer and Mathematical Occupations jobs accounted for a 22% share of the global banking and payments industry’s blockchain-related total new job postings in Q2 2023, down 0.51% over the prior quarter.
Computer and Mathematical Occupations drive blockchain-related hiring activity
Computer and Mathematical Occupations, with a share of 22%, emerged as the top blockchain-related job roles within the banking and payments industry in Q2 2023, with new job postings drop by 0.51% quarter-on-quarter. Management Occupations came in second with a share of 20% in Q2 2023, with new job postings dropping by 14% over the previous quarter.
The other prominent blockchain roles include Business and Financial Operations Occupations with a 10% share in Q2 2023, Office and Administrative Support Occupations with a 5% share of new job postings.
Top five companies in banking and payments industry accounted for 49% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were Western Alliance Bancorp, Coinbase Global, Swissquote Group, Citigroup, and JPMorgan Chase & Co. Together they accounted for a combined share of 49% of all blockchain-related new jobs in the banking and payments industry.
Western Alliance Bancorp posted 210 blockchain-related new jobs in Q2 2023, Coinbase Global 79 jobs, Swissquote Group 60 jobs, Citigroup 42 jobs, and JPMorgan Chase & Co 39 jobs, according to GlobalDataâ€™s Job Analytics.
Hiring activity was driven by the US with a 58.38% share of total new job postings, Q2 2023
The largest share of blockchain-related new job postings in the banking and payments industry in Q2 2023 was in the US with 58.38% followed by the UK (7.18%) and Switzerland (5.25%). The share represented by the US was one percentage point lower than the 59.67% share it accounted for in Q1 2023.
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