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Goldman Sachs Goes ‘Further Than Ever Before’ into Crypto

Fredrik Vold
Last updated: | 1 min read

Investment banking giant Goldman Sachs has revealed in a new job ad that it plans to move “further than ever before” as it seeks to hire a “digital asset project manager” for its New York office.

Source: iStock/Dan Totilca

According to the new job posting published on its website, the bank is currently searching for project managers for its Digital Asset team. In the job description, the legendary Wall Street bank makes it clear that it has high expectations to the person (or persons) hired for the role:

“Project Managers on the Digital Asset team will play an integral role in helping define both the scope and direction of the business. In short, we’re evolving, and we’re looking for some of the most talented individuals in the world to help us go further than ever before.”

The job ad also said that the right candidate should have the ability to “develop great relationships, […] including [with] the most senior stakeholders of the firm,” which suggests that the bank’s top leadership is taking an active interest in this new business area.

The Digital Asset team at Goldman Sachs is set up as part of the bank’s “Accelerate” program, an initiative to develop new business ideas within the company, while offering team members the chance to “work in a fast-paced, entrepreneurial environment.”

Although there have been few official comments made about Goldman Sachs’ new digital asset business, the bank’s CEO David Solomon has recently hinted that it may at some point launch its own coin, following JP Morgan’s JPMCoin.

Meanwhile, according to market intelligence provider TeqAtlas, demand for skilled employees in Blockchain-related jobs has grown progressively world-wide from 2013 till 2018, although it saw a decline during the first five months of 2019.

Source: TeqAtlas

Also, according to the Glassdoor Blockchain jobs available, disclosed salaries range from USD 17,000 to USD 271,000 per year, while the majority of offerings falls within a USD 81,000 – USD 144,000 per year range. The average salary for Blockchain-related job openings is almost USD 105,000 per year in the U.S., which is 117% over the U.S. average salary of almost USD 49,000.

Source: TeqAtlas