In the US, finance-related jobs are in high demand as global banks and financial institutions are actively recruiting. On the other hand, the tech industry has been witnessing significant layoffs since 2022, with companies like Amazon, Meta, and Google’s parent company Alphabet reducing their workforce following COVID-19 lockdowns.
Despite the challenges faced by the tech industry, the finance sector is thriving in the US. Nine of the Fortune 25 financial firms have been recruiting for various positions, including Macquarie Group, Morgan Stanley, JPMorgan Chase & Co., and Goldman Sachs.
The quick recovery of the market after COVID-19 lockdowns is driving the boom in finance-related jobs in the US. Tech giants suffered losses during lockdowns due to declining Metaverse sales. Companies like Meta invested heavily in Metaverse but later abandoned it, leading to job cuts.
While tech companies have scaled back on hiring, finance firms are offering competitive salaries to attract top talent. The involvement of financial institutions in Bitcoin ETFs is also contributing to the demand for finance-related jobs.
Overall, finance professionals are in high demand due to their role in economic growth, job creation, risk management and international trade. With high pay scales and job opportunities available, finance-related jobs are on an upward trajectory in the US as tech companies struggle with current market conditions.