Comparative Statistics Of Crypto And Blockchain Jobs From 2018 & 2019 Varioussectorsofthemarketrelatedtoblockchainandcryptocurrencieshavealsoconstantlymanifestedthemselves,whiletheBitcoin(BTC)pricesincreasedintheyear2019.Facebookiscontinuouslyhiring;theUSAisactivelyofferingjobsinmanyindustriesandthedemandforlawyersisrisingrapidly.Butevenso,thebiggerpicturesstilllookobscure. Blockchainexpertsareindemand,especiallyintheU.S. Accordingtoareportpublishedin2018byUpwork,theworld’slargestfreelancenetwork,thedemandforblockchainexpertsorpeoplehavingknowledgeinthedistributedledgertechnologyisveryhighandhasgrownthefastest.ThestatisticsdemonstratedbyHired,aninternationalrecruitingcompany,showedthattherehasbeenanincreaseof517%intheglobaldemandofblockchainengineerssincelastyear. Thedemandfortheseexpertshasnotbackeddownover2019byaloteither.Theword“blockchain”isstillverypopularandintrendinthelabourmarket,astheword“cloud”wasinthebeginningofthe21stcentury.Companieswhowishtostaytrendyconstantlykeeppublishingvacancies,butsadly,therearenotenoughblockchainspecialists. AccordingtothedataprovidedbyLinkedIn,thenumberofjobvacanciesrelatedtocryptocurrencyandblockchainhasnotdecreasedsincethebeginningof2019,ratherhasactivelyincreased.AsofJuly2019,companieshavepostedatotalof16,668joboffersinthisfield,whichisstatistically2%morethanthepreviousyear. ThenumberhasgrownevenmoreintheU.S.asperGlassdoor,ajobsearchwebsite,companiesintheU.S.alonehaveposted2,907offers,whichisabig40%morethanthelastyear. “Accordingtoourdata,thecryptoandblockchainmarketisfarfromdead—infact,it’sstillrapidlygrowing.FromFebruary2018toFebruary2019,wesawtheshareofUSjobpostingsrelatedtocrypto,blockchain, andBitcoingrow90%.” However,statisticsprovethatthejobsearcheshavingthewords“cryptocurrency”and“blockchain”hasdroppedby12%overthelastyear. ThevacanciesforblockchainexpertshavereduceddrasticallyasgiveninthedatafrombigrecruitmentcompanieslikeAngelListandGlassdoor,showingadeclineof18%and11%respectively. Peoplelookingforblockchainjobsbecametwiceasless. Accordingtothereportssharedbyanalysts,thenumberofcryptosandblockchain-relatedjobsearcheshavereducedby52%overtheperiodofJune2018andJune2019.TheseexpertshavealsostatedadirectrelationbetweenthenumberofpeoplelookingforthesekindsofjobsandthepriceofBitcoin(BTC): “Notonlydidbitcoinreachanall-timehighinDecember2017,onFebruary2019ithad37%ofthevalueitdidcomparetotheyearbefore.JobseekersrespondedtothepeakinbitcoinpricingwithsearchesforrolesrelatedtoBitcoin,crypto, andblockchain.” Companiesgivemorepreferencetoemployeeswhoarewillingtoworkfulltime. Thenumberofpart-timeorremotejobsintheblockchaintechnologyfieldhasvisiblyreduced.Illuminates,acompanydevelopingthedecentralizedbusinessrelationsplatformhadsimilardemandsfromthecandidates.Afterthenumberofincompetentexpertsstartedincreasinginthelabourmarket,thedemandsbycompaniesstartedtoincreaseaswell.Illuminatessaid: “Eveninstart-upssectorsthereisdecreaseofremotejobs,only29.5%vacancieshastag‘remote.’Inouropinionthissituationisrelatedtounprofessionalsubcontractorswithfakeportfolios,problemswithpartnerships,co-foundingrelations,unfairclientspromisesandpaymentsdelays,andforsuretheproblemisalwaysnearwithareaofinvestments,bubblestart-upsandlaunderingfoundersspendings.Andit’snotsomelocalproblems,eachcompanyorfounderspersonallyhavecomeacrossthisatleastonce.” Howmuchdoblockchainexpertsreallyearn? AccordingtothecombineddatacollectedbyIndeedandGlassdoor,blockchainexpertsandspecialistshavethesamesalaryastheydidinthelastyear. Thedisclosedannualsalaryamountrangesfrom$17,000allthewayuptoto$2,71,000,asperthedataprovidedbyGlassdoor,withanaveragesalaryof$84,884. Itmajorlyliesbetween$81,00to$1,44,000,accordingtotheanalysisbyTeQatlas. ThefindingbyIndeeddemonstratesthatitlieswithin$75,000to$90,000,theaveragebeingaround$82,500. ResearchersatTeqAtlasevaluatedopenblockchain-relatedjobvacanciesfor2019andfoundthat,thehighestsalariesarestill(obviously)paidintheU.S.($109,773onaverage),followedbythespecialistsinAsia($98,500),thesalaryofaEuropeanemployee($57,500onaverage)is30%lowerthanthatofanAmerican.Evenso,jobhuntersfromothercountriesmaygetahigher-payingjobforaremotevacancy. Developersalariesremainthesame,whiletherequirementsaremorestrict Developers are the crucial part of the cryptocurrency and blockchain jobs in the labor market, and therefore, it is an area having the maximum demand. According to the U.S. Emerging Jobs Report posted by LinkedIn in 2018, the demand for blockchain developers has become 33 times more than last year. The average salary, as of October 2018, for a blockchain developer is $1,27,000, according to a consulting firm that analyses salaries, called Janco Associates. According to the stats provided by Hired, the annual salary range for blockchain developers lies within $67,000 and $1,55,000, depending on the region. The situation in the early 2019 varied minutely, the median annual salary being $1,32,000. The most experienced developers earn more than $76,000 per year. Although, as per the data by ZipRecruiter in July 2019, the annual salary has dropped to $1,26,020 for a blockchain developer. The chances of getting the “half-million job” seems less realistic today, than it did before 2 years. This tells us that there are not many opportunities for growth in the salary, no matter what the region is and how much experience one has. Moreover, the analysts from Illuminates said that a large number of developers from poor locations like Kenya, India, Pakistan, and Nigeria, offers poor product quality for extremely lower prices. This decreases the demand for third-party developers. Lawyersmuch-neededtoworkwithregulators The demand for lawyers and other legal professionals who specialize in affairs related to blockchain is actively growing. According to Brian Burlant, the managing director of Lindsey and Africa, finding such professionals proves to be very tedious. Finding employees who completely understand what blockchain is and how it is used is very difficult, even more so when it comes to operating cryptos. With the companies having to deal with digital money with regulators often, the participation of legal professionals is necessary, and therefore, the demand for lawyers has been increasing constantly. Lawyers who join the blockchain industry usually previously have already worked with legal issues relating to the regulation of cryptocurrency and distributed ledger technology (DLT) at the governmental layer. These experts happen to hold the maximum value. Mary Young, the partner of the Zeughauser Group, said: “Blockchain lawyers have become very popular since December 2017, and when many cryptocurrencies fell in price, many of such specialists quietly left the blockchain sphere for the companies they had worked for before. Similar waves of inflow and outflow of specialists were observed during the dot-com bubble of the 1990s.” JakeChervinsky,alegalprofessional,statedthatlegaladvocatestakepseudonymswhenworkingonvariousissues.Histweetread: “I recently heard someone refer to the use of a pseudonym as “sketchy.” I couldn’t disagree more. Pseudonyms are often critical for safety & security and can make the difference between free speech or none at all. If these are fundamental rights, then so too is using a pseudonym.” This explains that not all legal professionals who deal with issues related to crypto and blockchain want to disclose that they are involved in the business, which makes it all the more difficult for recruiting agencies to locate or find them. HighertheBitcoinprice,higherarethesalaries Even if one does not get promoted, their salary will increase if they get paid for their work in cryptocurrency. The popularity of getting paid in this field is presented in the statistics by Bitwage, which gives services to companies globally for paying professionals in digital assets. Moreover, many companies like Apple, Amazon, and Google, have employees that use Bitwage to convert their salaries in cash into digital currencies. Bitwage enables companies and specialists use cryptocurrency payments legally. Companies in the U.S. can even settle taxes, and ever since January, have also been able to cover such advantages as healthcare purposes. Giants are hiring In spite of the instability in the cryptocurrency market, companies worldwide see immense potential in the blockchain technology. This year, companies are building and expanding hiring staff and departments, with new job availability related to research and development specifically. According to AngelList, currently at least 1,500 crypto start-ups, which have integrated gained over $3.7 billion from the initial coin offerings, and are looking for employees who reside in the U.S. alone. The most active companies who are hiring are Cisco, IBM, and Accenture, accounting for about 1,000 open vacancies combined. Blockchain jobs are here to stay If the cryptocurrency market falls drastically, the number of job searches may reduce even more. Tal Vinnik, a content strategist at Indeed Prime (a service that connects tech talent to leading brands and start-ups) said: “For the first time, the number of jobs per million exceeded the number of searches per million. It could be reasonable to assume that if bitcoin drops dramatically again, a candidate looking for a blockchain role would run into less competition than they would after a large increase. There also does appear to be a skills shortage as enterprise projects have matured over the last three years.” This situation may also affect the wages in the cryptocurrency field. In conclusion, Bitcoin payments were trending at one point in time, when the markets were down. But after a major rise in price, they may become less intriguing because of the risk of a major reduction in coin offering. Varioussectorsofthemarketrelatedtoblockchainandcryptocurrencieshavealsoconstantlymanifestedthemselves,whiletheBitcoin(BTC)pricesincreasedintheyear2019.Facebookiscontinuouslyhiring;theUSAisactivelyofferingjobsinmanyindustriesandthedemandforlawyersisrisingrapidly.Butevenso,thebiggerpicturesstilllookobscure. Blockchainexpertsareindemand,especiallyintheU.S. Accordingtoareportpublishedin2018byUpwork,theworld’slargestfreelancenetwork,thedemandforblockchainexpertsorpeoplehavingknowledgeinthedistributedledgertechnologyisveryhighandhasgrownthefastest.ThestatisticsdemonstratedbyHired,aninternationalrecruitingcompany,showedthattherehasbeenanincreaseof517%intheglobaldemandofblockchainengineerssincelastyear. Thedemandfortheseexpertshasnotbackeddownover2019byaloteither.Theword“blockchain”isstillverypopularandintrendinthelabourmarket,astheword“cloud”wasinthebeginningofthe21stcentury.Companieswhowishtostaytrendyconstantlykeeppublishingvacancies,butsadly,therearenotenoughblockchainspecialists. AccordingtothedataprovidedbyLinkedIn,thenumberofjobvacanciesrelatedtocryptocurrencyandblockchainhasnotdecreasedsincethebeginningof2019,ratherhasactivelyincreased.AsofJuly2019,companieshavepostedatotalof16,668joboffersinthisfield,whichisstatistically2%morethanthepreviousyear. ThenumberhasgrownevenmoreintheU.S.asperGlassdoor,ajobsearchwebsite,companiesintheU.S.alonehaveposted2,907offers,whichisabig40%morethanthelastyear. “Accordingtoourdata,thecryptoandblockchainmarketisfarfromdead—infact,it’sstillrapidlygrowing.FromFebruary2018toFebruary2019,wesawtheshareofUSjobpostingsrelatedtocrypto,blockchain, andBitcoingrow90%.” However,statisticsprovethatthejobsearcheshavingthewords“cryptocurrency”and“blockchain”hasdroppedby12%overthelastyear. ThevacanciesforblockchainexpertshavereduceddrasticallyasgiveninthedatafrombigrecruitmentcompanieslikeAngelListandGlassdoor,showingadeclineof18%and11%respectively. Peoplelookingforblockchainjobsbecametwiceasless. Accordingtothereportssharedbyanalysts,thenumberofcryptosandblockchain-relatedjobsearcheshavereducedby52%overtheperiodofJune2018andJune2019.TheseexpertshavealsostatedadirectrelationbetweenthenumberofpeoplelookingforthesekindsofjobsandthepriceofBitcoin(BTC): “Notonlydidbitcoinreachanall-timehighinDecember2017,onFebruary2019ithad37%ofthevalueitdidcomparetotheyearbefore.JobseekersrespondedtothepeakinbitcoinpricingwithsearchesforrolesrelatedtoBitcoin,crypto, andblockchain.” Companiesgivemorepreferencetoemployeeswhoarewillingtoworkfulltime. Thenumberofpart-timeorremotejobsintheblockchaintechnologyfieldhasvisiblyreduced.Illuminates,acompanydevelopingthedecentralizedbusinessrelationsplatformhadsimilardemandsfromthecandidates.Afterthenumberofincompetentexpertsstartedincreasinginthelabourmarket,thedemandsbycompaniesstartedtoincreaseaswell.Illuminatessaid: “Eveninstart-upssectorsthereisdecreaseofremotejobs,only29.5%vacancieshastag‘remote.’Inouropinionthissituationisrelatedtounprofessionalsubcontractorswithfakeportfolios,problemswithpartnerships,co-foundingrelations,unfairclientspromisesandpaymentsdelays,andforsuretheproblemisalwaysnearwithareaofinvestments,bubblestart-upsandlaunderingfoundersspendings.Andit’snotsomelocalproblems,eachcompanyorfounderspersonallyhavecomeacrossthisatleastonce.” Howmuchdoblockchainexpertsreallyearn? AccordingtothecombineddatacollectedbyIndeedandGlassdoor,blockchainexpertsandspecialistshavethesamesalaryastheydidinthelastyear. Thedisclosedannualsalaryamountrangesfrom$17,000allthewayuptoto$2,71,000,asperthedataprovidedbyGlassdoor,withanaveragesalaryof$84,884. Itmajorlyliesbetween$81,00to$1,44,000,accordingtotheanalysisbyTeQatlas. ThefindingbyIndeeddemonstratesthatitlieswithin$75,000to$90,000,theaveragebeingaround$82,500. ResearchersatTeqAtlasevaluatedopenblockchain-relatedjobvacanciesfor2019andfoundthat,thehighestsalariesarestill(obviously)paidintheU.S.($109,773onaverage),followedbythespecialistsinAsia($98,500),thesalaryofaEuropeanemployee($57,500onaverage)is30%lowerthanthatofanAmerican.Evenso,jobhuntersfromothercountriesmaygetahigher-payingjobforaremotevacancy. Developersalariesremainthesame,whiletherequirementsaremorestrict Developers are the crucial part of the cryptocurrency and blockchain jobs in the labor market, and therefore, it is an area having the maximum demand. According to the U.S. Emerging Jobs Report posted by LinkedIn in 2018, the demand for blockchain developers has become 33 times more than last year. The average salary, as of October 2018, for a blockchain developer is $1,27,000, according to a consulting firm that analyses salaries, called Janco Associates. According to the stats provided by Hired, the annual salary range for blockchain developers lies within $67,000 and $1,55,000, depending on the region. The situation in the early 2019 varied minutely, the median annual salary being $1,32,000. The most experienced developers earn more than $76,000 per year. Although, as per the data by ZipRecruiter in July 2019, the annual salary has dropped to $1,26,020 for a blockchain developer. The chances of getting the “half-million job” seems less realistic today, than it did before 2 years. This tells us that there are not many opportunities for growth in the salary, no matter what the region is and how much experience one has. Moreover, the analysts from Illuminates said that a large number of developers from poor locations like Kenya, India, Pakistan, and Nigeria, offers poor product quality for extremely lower prices. This decreases the demand for third-party developers. Lawyersmuch-neededtoworkwithregulators The demand for lawyers and other legal professionals who specialize in affairs related to blockchain is actively growing. According to Brian Burlant, the managing director of Lindsey and Africa, finding such professionals proves to be very tedious. Finding employees who completely understand what blockchain is and how it is used is very difficult, even more so when it comes to operating cryptos. With the companies having to deal with digital money with regulators often, the participation of legal professionals is necessary, and therefore, the demand for lawyers has been increasing constantly. Lawyers who join the blockchain industry usually previously have already worked with legal issues relating to the regulation of cryptocurrency and distributed ledger technology (DLT) at the governmental layer. These experts happen to hold the maximum value. Mary Young, the partner of the Zeughauser Group, said: “Blockchain lawyers have become very popular since December 2017, and when many cryptocurrencies fell in price, many of such specialists quietly left the blockchain sphere for the companies they had worked for before. Similar waves of inflow and outflow of specialists were observed during the dot-com bubble of the 1990s.” JakeChervinsky,alegalprofessional,statedthatlegaladvocatestakepseudonymswhenworkingonvariousissues.Histweetread: “I recently heard someone refer to the use of a pseudonym as “sketchy.” I couldn’t disagree more. Pseudonyms are often critical for safety & security and can make the difference between free speech or none at all. If these are fundamental rights, then so too is using a pseudonym.” This explains that not all legal professionals who deal with issues related to crypto and blockchain want to disclose that they are involved in the business, which makes it all the more difficult for recruiting agencies to locate or find them. HighertheBitcoinprice,higherarethesalaries Even if one does not get promoted, their salary will increase if they get paid for their work in cryptocurrency. The popularity of getting paid in this field is presented in the statistics by Bitwage, which gives services to companies globally for paying professionals in digital assets. Moreover, many companies like Apple, Amazon, and Google, have employees that use Bitwage to convert their salaries in cash into digital currencies. Bitwage enables companies and specialists use cryptocurrency payments legally. Companies in the U.S. can even settle taxes, and ever since January, have also been able to cover such advantages as healthcare purposes. Giants are hiring In spite of the instability in the cryptocurrency market, companies worldwide see immense potential in the blockchain technology. This year, companies are building and expanding hiring staff and departments, with new job availability related to research and development specifically. According to AngelList, currently at least 1,500 crypto start-ups, which have integrated gained over $3.7 billion from the initial coin offerings, and are looking for employees who reside in the U.S. alone. The most active companies who are hiring are Cisco, IBM, and Accenture, accounting for about 1,000 open vacancies combined. Blockchain jobs are here to stay If the cryptocurrency market falls drastically, the number of job searches may reduce even more. Tal Vinnik, a content strategist at Indeed Prime (a service that connects tech talent to leading brands and start-ups) said: “For the first time, the number of jobs per million exceeded the number of searches per million. It could be reasonable to assume that if bitcoin drops dramatically again, a candidate looking for a blockchain role would run into less competition than they would after a large increase. There also does appear to be a skills shortage as enterprise projects have matured over the last three years.” This situation may also affect the wages in the cryptocurrency field. In conclusion, Bitcoin payments were trending at one point in time, when the markets were down. But after a major rise in price, they may become less intriguing because of the risk of a major reduction in coin offering. https://coinmarked.com/comparative-statistics-of-crypto-and-blockchain-jobs-from-2018-2019/?feed_id=568&_unique_id=5d832666c5347
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Mass Communication Jobs Salary in Nigeria 2019
Are you curious to know how much a professional Journalist or any other Mass Communicator earns in monthly salary?
You’re going to learn all of that in this article.
Media houses are always in need of Mass media specialists or those that studied Journalism in a Nigerian University.
Mass Communication is one of the most lucrative programs chosen by many Nigerians while preparing for their Unified Tertiary Matriculation Examinations (UTME).
Although Journalism is the main discipline most people specialize in while studying Mass Communication in Nigerian Universities & Polytechnics, it’s an indisputable fact that this is one of the widest programs in our private, state & federal Universities in Nigeria.
Aside from studying Journalism, there are so many other disciplines in the Mass Communication field that anyone can choose as a career and all of these are quite promising and rewarding in today’s economic world.
So, you can rest assured that jobs are available no matter which of the disciplines you may decide to specialize in.
Things to Know about Mass Communication
Aside from getting to know the remuneration rates meant for a Mass Communication specialist, it’s worth learning more about the profession, the essential skills that a Mass Communicator needs to acquire in order to operate successfully in labour markets as well as the places he can possibly practice as a media specialist after graduating from the University.
The Mass Communication Profession
This profession is aimed at ensuring that specialists are raised nationally in the areas of media, journalism and other aspects of mass communication.
Essential Skills Needed by a Mass Communicator
A Mass Communicator must be able to write well.
A Mass Communicator must be wise and intelligent.
A Mass Communicator must love to read always.
A Mass Communicator must be good at managing time.
A Mass Communicator must be good at information management
Where Does a Mass Communicator Work?
A Mass Communicator works as a small business owner.
A Mass Communicator works in media houses such as radio, newspaper and television stations.
A Mass Communicator works at state and federal government agencies.
He works at advertising and publicity agencies.
He is much needed in research firms.
He also works in public relation companies
Jobs in Mass Communication Field
Anyone may choose any of the following Mass Communication careers:
Documentary and film
Research and marketing
Newspaper and magazine printing
Advertising and publicity
Photo journalism
Television, radio & online radio
Public relations
Social media management
Salary of Mass Communication in Nigeria
Mass Communication professionals in Nigerian media firms are regarded as high salary earners due to the nature of their jobs and years of experience in the field.
For those who have stayed for years working as media professionals, the monthly salary ranges from N350,000 to N450,000 excluding the numerous bonuses that are usually attached to the monthly salary, whereas, the monthly salary ranges from N60,000 to N150,000 for fresh graduates who are posted to the field as media reporters, depending on the firm.
More specifically, let's take a closer look at the remuneration rates for Mass Communicators based on the various sectors of the economy.
Business & Industries
Under this sector, there are jobs & vacancies for media consultants, marketing and information as well as for research analysts. So, relevant careers like these are needed in industries & business firms.
The monthly salary ranges from N120,000 to N150,000 for a fresh graduate and from N200,000 to N450,000 for an experienced consultant that has got years of experience on the field, depending on whether it’s a private or public sector.
Fresh graduates mostly get full-time jobs in the industries while retirees who were University lecturers or editors usually work on a contractual basis.
Mass Media & Journalism
It’s obvious that most Mass Communication graduates work as journalists in labour markets. Being one of the most lucrative Mass Communication disciplines, it ensures that a specialist is able to write & edit news & stories in a way that is presentable to the potential audience out there.
Jobs and vacancies are usually provided for those who can proofread, write stories, or those who can work as reporters & correspondents.
Although it may be considered that the reward of being a Mass Communicator is not so commensurate to the job in most cases when compared to that of other professionals out there, one can just be a great asset to the nation by choosing to specialize in any one of those disciplines.
The issue with the reward is that even in private firms, salary varies from one company to another. For instance, there are newspaper firms in Nigeria that pay fresh graduates between N40,000 to N60,000 and there are bigger firms that offer the same category of employees a higher pay. Some pay up to N80,000 monthly to starters. Examples of such organizations include The Guardian Dailies, The Punch Newspapers, and the likes.
Public Relations Advertising
There is a high pay rate in this sector of Mass Communication. Some of the careers needed for this sector include media directors, publicity managers, social media managers, media managers, Public Relation specialists, graphic design experts and others and the salary is always high.
Education
As a graduate of Mass Communication, you may decide to proceed to the master’s and doctoral degrees which may grant you the opportunity of working as a University lecturer in your specialty. It’s known that a junior lecturer or graduate assistant in any federal University earns from N150,000 to N300,000 per month while a senior lecturer earns well above N500,000 monthly.
However, the case might be different in some private Universities that have been in operation for decades. What a Journalism lecturer earns monthly from a 5-year old private University ranges from N80,000 to N120,000 a month; lecturers with Mass Communication qualifications earn more than N350,000 monthly in older private Universities.
Wrap Up
The job of Mass Communication is enormous and rewarding compared to that of certain professions out there. Any Mass Communication career may be chosen as a course of study in the University. Most importantly, being able to practice as a Mass Communication specialist would ensure that anyone makes the most out of the profession.
Read the full article
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