According to Raman Shalupau, founder of Crypto Jobslist, the crypto jobs market is very strong and is now able to withstand the downturn in the market.
This claim came up in an exclusive BeInCrypto interview as we covered a range of issues, including the top job trends of 2021. We also delved into salary data to find out how much value crypto workers are valued.
An insight from Shalupau reveals that the crypto sector is now in a stronger position than at any point in its past. In May 2021, the price of bitcoin and other major assets fell, and the price did not begin to rise again until July. Earlier, the fall in the market has had an effect on the job market, but on this occasion, Schalupau saw a lot of difference.
“The crypto job market has matured, where it is much stronger than it was in previous years,” Shalopau said. “In May, when the price of bitcoin and ether fell, the job market remained strong. Evidence from CryptoJobslist shows that hiring managers stopped or even stopped their hiring efforts.”
While the strength of the job market is certainly good news for job seekers, it paints a positive picture for the crypto economy as a whole. Schalupau believes that a big factor in the change is the companies themselves and their ability to plan for the long term.
“In the last bull run, we saw volatile growth where companies spent a lot of money during good times and there was no runway for bear markets. This time, the market is more mature, and we have more established companies with more cash reserves – With multiple VC funding, companies should be able to survive the multi-year bear market, which is good news for the crypto job market.”
Strong growth and high wages
BeInCrypto asked Schalupau where the strongest growth metrics came from last year. Surprisingly NFTs were a major trend, although non-fungible tokens were not the only places to make significant progress.
“NFTs on CryptoJobsList all grounded at the beginning of the year, but the DAO demonstrated strong growth afterward,” said Schalupau. “We are now seeing more and more people transitioning from tech startups and finance to crypto – partly driven by the emergence of Web 3.0 and the narrative surrounding it.
“Our data also shows that meme jobs also became the real thing last year, with crypto companies willing to pay decent money for meme experts who understand crypto culture.”
This brought us to the topic of salary, an area of interest to both employees and hiring managers.
“We saw a significant increase in wages over the year. According to real wages collected from our community, the average salary in crypto is now $92,000 per year, with the top 10% taking home more than $160,000.
Schalupau says the company is now collating data from previous years to provide more granular salary data in the near future.
a real career path
While crypto battles false narratives in the mainstream media, from criminality to climate change, Schalupau believes that perceptions of crypto and crypto workers are generally positive. The wider public is now more open to the idea of remote work than it was two years ago.
“The cryptocurrency job market has always been remote,” Shalopau said. “Crypto is probably the only industry with the most remote jobs, with over 90% of the jobs on our site falling into that category. And it’s not an ad-hoc or part-time role I’m talking about; most of these are full-time positions. 80% of the roles on our site are full time jobs.
“The biggest employers include exchanges, fiat on-ramp, media organizations, the L1 Foundation and DeFi startups. These are remote jobs that can also provide a legitimate career path. A serious career path in crypto is already here. and has been here since at least 2016.
“There is another career path in crypto that deserves attention, is accessible to fewer people, and may be perceived as unattainable or unrealistic. It is the career of a freelancer, an individual contributor to open source projects, foundations, and DAOs. Few people have the confidence and knowledge of how to find opportunities without permission, but there are roles. More work can be done on how to do it.”
BeInCrypto is hiring
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