Hiring activity related to metaverse increased by a CAGR of 204% in the private banking industry since 2020

The global private banking industry witnessed a 204% rise in compound annual growth rate (CAGR) in new job postings related to metaverse since 2020, according to GlobalData's Job Analytics database. New job postings increased by 267% year-on-year in 2021, and by 152% year-on-year in 2022. 

Notably, management occupations jobs accounted for 37% share of the global private banking industry’s metaverse-related new job postings since 2020.

Management occupations, with a share of 37%, emerged as the top metaverse-related job roles within the private banking industry since 2020, with new job postings increasing by 472% year-on-year in 2021 and by 191% year-on-year in 2022.  

Computer and mathematical occupations came in second with a share of 23%, with new job postings rising by 171% year-on-year in 2021 and by 217% in 2022.  

The other prominent metaverse roles include business and financial operations occupations (13% share), and office and administrative support occupations (9% share).  

The top five companies, in terms of the number of new job postings tracked by GlobalData, since 2020 were Citigroup, JPMorgan Chase, Standard Chartered, Morgan Stanley, and The Bank of New York Mellon. Together they accounted for a combined share of 55% of all metaverse-related new jobs in the private banking industry.  

Citigroup posted 480 metaverse-related jobs since 2020, followed by JPMorgan Chase with 289 jobs, and Standard Chartered with 159 jobs, according to GlobalData’s Job Analytics database.  

New job postings by Citigroup increased by 1063% year-on-year in 2021 and by 308% year-on-year in 2022, while those by JPMorgan Chase increased by 423% in 2021 and by 106% in 2022.  

The largest share of metaverse-related new job postings in the private banking industry since 2020 was in the US with 51%, followed by Australia (7%) and the UK (7%). The share represented by the US increased by nine percentage points from 44% in 2021 to 53% in 2022.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.  

GlobalData’s Job Analytics database uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries.