Bitget report: 33% of crypto job seekers have worked in the banking industry, and the salary in the crypto industry is twice that of similar positions in banks

On January 25, Bitget released its latest research report. Between 2020 and 2023, bank revenue fell sharply, resulting in more than 70,000 layoffs. Bitget report data reflects the exodus of banking industry employees, with 33% of resumes coming from the banking industry in 2023 alone. The most common positions include mid- to senior-level positions in areas such as investment relations, identity authentication and compliance, data analysis, product design, and back-end engineers. The high salary and remote working in the blockchain industry also attract bank personnel to join. In 2022, 36% of blockchain-related positions will be remote positions, double the global average of 16%. As for salary, the average salary in banks is $54,000, while the average salary in cryptocurrency companies is about $115,667. In addition, report data shows that giants such as HSBC, JPMorgan Chase, and Citigroup have successively included the development and application of decentralized technology in their plans. It is expected that the banking industry’s expenditure on blockchain will reach US$22.5 billion between 2025 and 2026. To sum up, factors such as high salary, innovation prospects and flexibility are the main reasons why talents in the traditional financial industry migrate to the cryptocurrency field.