You Can Land Your Dream Job In The Crypto Market By Focusing On Education
The crypto boom could be associated with the increased adoption of the underlying technology- blockchain across various sectors. The huge success of the industry has attracted young job seekers to explore careers in cryptocurrency. Getting a job in the crypto market has become a goal for many. Leading businesses globally have adopted cryptocurrencies in some way or another, for faster and more secure transactions. Investors got exponentials returns in 2021 and the year saw altcoins outperforming Bitcoin- the largest cryptocurrency, by a significant margin. While Bitcoin provided 59.8% returns in 2021, Ethereum provided 399.2% returns. Solana investors got a whopping 11,177.8% returns. With the global crypto market predicted to reach a valuation of $2.73 billion in 2025, the industry is set to transform the digital economy.
Crypto’s Role In Job Creation
The crypto industry boom has led to the creation of lakhs of jobs globally, emerging as a great career option for tech junkies and fintech experts. According to Indeed, cryptocurrency job postings saw a 118% jump in 2021, amid the exponential growth of the sector. Queries for jobs in cryptocurrency and blockchain have skyrocketed. From developers to project managers, and from consultants to miners, crypto job trends are picking up rapidly, paving the way for the creation of a tech-powered digital economy.
The phenomenal rise in the crypto industry is predicted to create millions of jobs by 2030. Nearly 25% of Australians are could be working in the crypto industry by the end of this decade. Cryptocurrency jobs can dominate the hiring trends in developing countries like India as well. At least 8 lakh Indians are forecasted to get jobs in cryptocurrency by 2030. Top crypto exchanges like Binance, KuCoin, and FTX are playing an active role in creating new jobs. Thousands of experts across the globe are working for top crypto exchanges. The number of jobs is going to increase manifold in the industry with job seekers realizing the growth potential of careers in cryptocurrency.
What Hiring Managers Are Looking For?
Companies across the globe, including Fortune 500 companies including Apple, Amazon, and PayPal are on a hiring spree to absorb top crypto experts. Coding, development, web development, smart contract languages, cryptography, and customer support are among the top in-demand skills for landing a job in the crypto industry. The Crypto industry is a field for tech-savvy experts. Hiring managers are giving preference to those with strong analytical and research skills, critical thinking abilities, proficiency in mathematics, and sound decision-making qualities. Since the crypto industry is evolving with the emergence of new technologies, it is vital for job seekers to keep up with the updates to have a bright career in the field.
Technologies like DeFi (decentralized finance), Web 3.0, Metaverse, and NFT are allowing job seekers to choose an exciting career path with substantial growth opportunities. Since crypto is still a new industry as far as hiring is concerned, candidates with better industry knowledge get preference. Thus, it could be an equally exciting career path for freshers.
How Much Do Crypto Jobs Pay?
Salary is one of the most crucial factors in any industry. Working in the crypto industry is completely different from trading or investing in the crypto market. A programmer in the crypto industry is likely to be paid on par with other programmers in different industries. The same goes for other jobs like customer support, data analysis, community managers, and graphic designers.
However, one can expect to be paid better than other industries, given the boom in the crypto market. For those looking to get an idea about salary in cryptocurrency jobs, here are some examples of the average base salary:
- Engineer: between $80,700 and $128,400
- Software engineer: $90,000 to $119,000
- UI/UX designer: $55,000 to $107,500
- Customer support: $40,000 to $77,500
- Blockchain developer: $73,300 to $136,000
- Solidity developer: $125,000 to $145,000
Tips To Landing A Job In The Crypto Market
- Understand The Fundamentals: Understanding the fundamentals is key to standing out from the crowd of job seekers in the highly lucrative crypto space. Trading in cryptocurrencies is one of the best ways to understand the industry. Crypto is a highly volatile market and it is extremely important to track the highs and lows to understand how it functions. Register on top crypto exchanges, and try your hands at investing in some coins. Use your trading experience to analyze the functioning. “We’re starting to really hone in on people that have a decent track record at other crypto exchanges or other crypto-oriented financial networks,” Jonathan Tamblyn, director of talent acquisition for Gemini, told CNBC.
- Education: The crypto industry thrives on technology. With so many cryptocurrency jobs being created, the importance of crypto education has been highlighted. Several top universities and institutes across the world offer crypto-related courses. Prestigious universities like Wharton, UCLA, Oxford, Bocconi, and Trinity College Dublin are offering courses to help crypto enthusiasts hone their skills. The hiring industry in crypto has led to the creation of a crypto-related education industry parallelly. Try to learn the basics of the crypto industry from top online resources, published reports, podcasts, videos, and other relevant sources. Doing a crypto-related course, a diploma will certainly help you get an edge over others while applying for a job.
- Networking: It is difficult to find all the relevant information on mainstream platforms. Influencers and seasoned investors play an active role in strengthening the crypto community. Connect with them on social media platforms to get an expert’s perspective while learning about the emerging trends. You can use all the information accumulated through community interaction to get a step closer to landing your dream cryptocurrency job.
Conclusion
The crypto industry is booming and it can zoom exponentially in the coming years. With more and more businesses adopting the underlying technology i.e. blockchain, the real-world use cases of cryptocurrencies can grow significantly. With crypto evolving as a full-fledged industry, career opportunities are vast. One can easily land their dream crypto job by understanding the fundamentals and learning how crypto works. You should focus on education instead of looking at crypto as some money-making machine.