State of the Blockchain and Cryptocurrency Job Market in 2018
Following the one year anniversary of Cryptocurrency Jobs, I put together a thread on Twitter about the state of the blockchain and cryptocurrency job market. This post is a modified version of that thread.
1/ Blockchain and crypto jobs are in great demand despite prices being down from their all time highs. Demand is actually growing. This seems to indicate that people are interested in the technology and ecosystem, not just prices.
2/ Since launch, Cryptocurrency Jobs has featured over 1100 blockchain and cryptocurrency jobs at 400+ companies and startups across 100+ cities and 50+ countries.
3/ Jobs distributed across roles:
- Customer support: 8%
- Design: 6%
- Engineering: 47%
- Marketing: 10.5%
- Operations: 12%
- Other (finance, product): 11%
- Sales: 5.5%
4/ Most popular technical roles:
5/ Most popular non-technical roles:
The rise of the Community Manager is interesting. Applicants sometimes misunderstand the nature of the role, and view it as an entry-level social media type job. Equally some companies seem to make the Community Manager a catch-all job title for multiple responsibilities and the role loses value.
“I believe community is the most important characteristic of any cryptocurrency and most projects are underestimating the importance of community.” 👏🏼👏🏼 https://t.co/89BFe2gxZ4— Spencer Noon 🕛 (@spencernoon) November 1, 2018
6/ Top cities for blockchain and cryptocurrency jobs:
- San Francisco
- New York
- Tel Aviv
- Hong Kong
- Los Angeles
7/ Cryptocurrency Jobs has had visitors from 6560 cities and 185 countries.
8/ Despite all the talk about decentralisation, only about 25% of jobs offer the option to work remotely. This is better than I have seen across other tech sectors, but I hope we see more companies transition to remote work in the future. Remote jobs are in very high demand.
9/ A quick detour of why you should consider remote work:
- Access to talent outside tech hubs
- Increase diversity
- Improve work-life balance
- Improve productivity
- Decrease operating costs
11/ Two common misconceptions that need to be corrected.
- You don’t need to be a developer to work in the space. 35% of jobs on Cryptocurrency Jobs are non-technical.
- You also don’t need to have prior blockchain and crypto work experience.
13/ Although some companies require n years of crypto experience, many are more interested in your prior work experience and that you are passionate about working in the space. This is true across roles.
14/ How do you find a blockchain job?
Apart from applying directly to a job listing there are a few alternatives.
1. Contribute to a project
This is how Tyler Yasaka was hired by Origin.
Several Messari community analysts have been hired by great teams.
Cold email pitches are not needed in crypto. There are so many ways to network virtually (slack, twitter, reddit, telegram, etc) or in person at events and meetups.— Alex Felix (@flexthought) October 29, 2018
15/ A note to hiring companies.
There are too few entry-level and internship roles available. With the rise of crypto in higher education, there is a growing applicant pool of young, creative and talented individuals. Open your doors and you will be rewarded.
16/ Let’s talk diversity.
Given that Bitcoin aims to challenge some of the most powerful institutions in our society, perhaps we should also challenge the way we hire and build teams. Wouldn’t it be great if the startups and companies building this new future were equal and diverse?
A great starting point is to review your job descriptions. Read through this thread to learn how you can make them more inclusive.
17/ As a side note, here’s a great list of women speakers for blockchain/crypto events.
18/ Lastly, thank you.
Thank you for supporting Cryptocurrency Jobs, in particular all the startups and companies that have worked with us.
If you’re looking to hire, we’re here to help!
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