Not Technology, Finance Jobs in the U.S. Receives High Demand

Finance-related jobs in the U.S. remain in demand as leading global banks and financial institutions are on a hiring spree. The tech industry has seen large-scale layoffs since 2022 as giants cut staff to remain afloat. Technology giants like Amazon, Meta, and Google’s parent company Alphabet reduced their workforce after the COVID-19 lockdowns.

Also Read: The West Is Running Out of Gold, Demand in the East Grows Strong

However, the opposite is occurring in the U.S. Finance sector as high-paying jobs are in demand after the COVID-19 era. Nine of the Fortune 25 financial firms have been hiring in the last two years, including top and mid-level jobs. This includes companies such as Macquarie Group, Morgan Stanley, JPMorgan Chase & Co., and Goldman Sachs, among others.

Also Read: Cryptocurrency: 3 Coins To Buy Under $0.5 in May 2024

Technology Jobs Dip in the U.S., Finance-based Hiring on the Rise

wall street us stock market
Source: ymgerman / iStock Editorial / Getty Images

The market’s quick recovery after the COVID-19 lockdowns is the reason why Finance-related jobs are experiencing a boom in the U.S. Tech giants lost billions as the lockdowns also coincided with the development of the Metaverse. Facebook’s parent company Meta invested billions to build a Metaverse only to abandon the project leading to job cuts.

Also Read: U.S. Dollar Batters 22 Asian Currencies in a Row

Several other top players in tech faced a similar fate as the hype for the Metaverse segment fizzled out. While tech has cooled down on hiring, Finance companies are offering high pay to fill in talents. Read here to know which states in the U.S. have the highest job openings and the top pay scale. 

The involvement of financial institutions in the Bitcoin ETF sphere is also a reason why jobs are in demand. “The industry rapidly evolves according to the needs of clients, regulators, and stakeholders,” said Macquarie Group’s Manish Desai.

Also Read: S&P 500 Analysis For May 2024

“They operate at the core of commercial and development activities, enabling economic growth and expansion. These enterprises aid job creation, capital market development, risk management, attracting FDIs and access to international trade and credit systems,” said Shincy Morris, Business Head of Direct Hiring at XPheno.

  • Finance
  • US Jobs

Comments

Post a Comment

Popular posts from this blog

Bitcoin Struggles Above $23,000 And Faces Rejection At $24,000

Image
Mar 02, 2023 at 10:00 // Price Author Coin Idol Bitcoin (BTC) price has continued to hold above the moving average lines after being rejected at the $24,000 resistance level. Bitcoin price long-term forecast: bullish Buyers have tried twice unsuccessfully to break the recent high. However, if the price bars remain above the moving average lines, the current retest could continue. Today, the 21-day line SMA has pulled back to the upside, and the comeback will allow BTC to rise above $24,000 and reach a high of $25,000. However, if the $25,000 level is broken, the
Read more

Former SEC attorney John Reed Stark urges DOJ to ‘wake up’ and prosecute crypto-grifters

A former attorney of the U.S. Securities and Exchange Commission (SEC) believes prosecution by the Department of Justice (DOJ) is necessary to deal with crypto grifters. John Reed Stark, who spent 15 years as an SEC enforcement attorney leading cyber-related investigations, says crypto criminals treat regulatory enforcement with levity. DOJ prosecution in crypto-related fraud cases was lacking compared to the numerous enforcement actions by the SEC, he wrote on X. The situation is “mind-boggling,” Stark added. SBF’s Mom and Dad: Criminal Beneficiaries, Profiteers, Conspirators and Enablers I served for almost 20 years as an attorney in the SEC Division of Enforcement (including 11 years as Chief of the SEC’s Office of Internet Enforcement) and led dozens of SEC prosecutions with… pic.twitter.com/pElbR2wUeX — John Reed Stark (@JohnReedStark) September 23, 2023 Stark’s statement on X The former SEC official also pointed out the attitude of some major stakeholders and companies in
Read more

FBI alarms crypto victims as scammers impersonate venture capital executives on Telegram

Malicious actors have started targeting crypto victims on Telegram, luring them to believe they’re dealing with venture capital investors. Crypto scammers are distributing a malicious software impersonating legitimate venture capital (VC) investors on Telegram. In an X post on Monday, Dec. 4, 2023, Alexandre Masmejean, CEO of Showtime, a crypto marketplace for creators, said he was contacted by FBI agents from the Los Angeles department by phone, who strongly encouraged him to “turn off my WiFi, rotate my wallets, change all my passwords, move my files to a hard drive and entirely wipe out my compromised MacBook.” My experience with the FBI: a wake-up call to public-facing crypto people. “Hey, are you Alexandre Masmejean, CEO of Showtime Technologies, Inc? This is the FBI calling in from Los Angeles.” Last week I had a very strange call that surprised me so much I didn’t know whether I… pic.twitter.com/5TgkCcKfgr — Alex Masmej 🪙 (@AlexMasmej) December 3, 2023 Having verifi
Read more