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Comprehensive Analysis of the Web3 Recruitment Market: A Strategic Transformation Guide from Traditional Finance to Blockchain

Looking back at history: The migration wave of traditional finance professionals to Web3 reminds me of the aftermath of the 2008 financial crisis in Wall Street, when a large number of investment banking professionals were forced to transition, unexpectedly spawning the first boom of fintech. Today, we are witnessing a similar talent migration once again, especially in investment...

Recapping History: The Migration Wave of Traditional Finance Talent to Web3

It reminds me of the aftermath of the 2008 financial crisis on Wall Street, when a large number of investment banking professionals were forced to pivot, inadvertently sparking the first wave of prosperity in financial technology. Today, we're witnessing a similar talent migration, particularly in the field ofInvestment Banking Experienced Associate / Vice President recruitment. Essentially, this represents a strategic shift for finance professionals moving from traditional systems to the decentralized world.

Over the past 12 years of observing market cycles, I've noticed that whenever there's volatility in traditional finance, Web3 tends to attract a wave of high-quality talent. This pattern holds true this time as well. Data fromMyJob.one shows that applications from investment banks increased by 47% year-over-year in Q3 2023, with a particularly strong demand forAccount Opening Compliance Analyst/Associate recruitment.

Structural Changes in the Current Web3 Recruitment Market

From a strategic perspective, the current Web3 talent market is undergoing three significant transformations:

  1. Infrastructure recruitment demand continues to rise, especially for roles related to Layer2 and ZK technologies
  2. TheDeFi Account Manager recruitment in the DeFi sector is showing a trend toward specialization
  3. Head of Branding recruitment related to brand building is gaining prominence

These changes bring to mind the early days of the Ethereum ecosystem in 2015. Back then, what was missing was exactly what is now in high demand—Product Manager talent—those cross-disciplinary experts who understand both technology and financial products.

Deep Analysis of Talent Demand in Specific Areas

1. Transformation Opportunities for Traditional Finance Talent

In terms ofInvestment Banking Experienced Associate / Vice President recruitment, we've observed:

  • Experience in structured product design can be directly applied to DeFi protocol development
  • Customer relationship management skills can be transferred to theDeFi Account Manager recruitment position
  • Risk management experience is particularly suitable for compliance-related roles

2. Market Value Reassessment of Product Management Talent

The importance ofProduct Manager in the Web3 field cannot be overstated. According to the compensation report fromMyJob.one:

  • The median annual salary for senior Web3 product managers reaches $280,000
  • PMs with smart contract knowledge command a 35% premium
  • Talent who understand both TradFi and DeFi products are the most scarce

3. The Shortage of Specialized Infrastructure Professionals

Challenges facingInfrastructure recruitment include:

  1. A shortage of engineers who truly understand the fundamentals of distributed systems
  2. Experts who master both AWS and blockchain node operations are scarce
  3. The demand for system architects capable of designing cross-chain architectures exceeds supply

Career Development Advice: Long-Term Value Investment Mindset

Strategically speaking, I recommend that job seekers:

  • Treat professional skills as a portfolio of 'composable assets' to manage
  • Build foundational technical capabilities during bear markets (such as ZK proofs, MEV protection)
  • Pay attention to emerging fields likeWatchee recruitment for opportunity windows

It reminds me of the 2018 bear market, when developers who persisted in learning Solidity all gained substantial returns during the subsequent DeFi Summer. Essentially, career development should follow the principles of value investing as well.

Risk Warnings and Overheated Market Areas

Several warning signs to be mindful of currently include:

  1. SomeHead of Branding recruitment positions related to NFT projects may have inflated compensation
  2. The demand forWatchee recruitment might be driven by short-term hype
  3. Salary growth in compliance roles may prove unsustainable

These phenomena echo the late stage of the 2017 ICO boom, when marketing positions also saw irrational salary increases.

Talent Strategy Recommendations for Employers

Based on experience serving thousands of enterprises through theMyJob.one platform, I recommend:

  • Maintain long-term investment inAccount Opening Compliance Analyst/Associate recruitment
  • Establish an internal cultivation system forProduct Manager talent
  • Provide technical growth paths in the field ofInfrastructure recruitment

From a strategic standpoint, teams that win in the next bull market are often those who have already built their talent infrastructure during the bear market.