The Russian Labor Market Needs Crypto Experts

According to statistics from leading job search platforms in Russia, the demand for cryptocurrency and blockchain specialists is very strong. Data collected by the Index Head hunter platform (which is a project controlling the labor market in the vast country) reveal that six candidates are on the run for each vacancy in the Russian Federation. There is a moderate level of competition among potential employees: a good thing for Russian employers. But the question to know whether it is the same in all sectors of the economy still stands.

Head Hunter reveals that there are 387 vacancies in the fintech sector, that were posted last month, and their number for the whole first half of 2017 was only 201. The number is 11.5 times higher than that of the respective month for the previous year.

Almost all positions offered are from the IT companies or banking institutions located in the capital Moscow and Saint Petersburg, the second largest Russian city.

Natalia Godjaeva , general director of was quoted by Bit Novosti, saying: “Many of these businesses are not even publishing job postings, but are constantly sifting through the resume database.”

She added that developers and project managers are the most sought-after specialists. An advice from her to all candidates is for them to always mention any crypto and blockchain-related projects on the resumes they submit to job search websites, and assured them, “You will definitely be noticed.” She made those comments just when Russia was about regulating the crypto industry with three drafts currently under review in the Duma State.

The Russian crypto labor market is indeed experiencing growth. The RF Ministry of Labor and Social Protection received several months ago a request by representatives of the industry to officially introduce a “professional holiday” for all specialists and experts in the field. The department has promised to look into it.

Not only the Russian crypto labor market has been growing, but also the global crypto labor market. The social network Linkedin recently announced that from the start of 2018 until mid-May, 4,500 postings on the platform have contained any of the following keywords: blockchain, bitcoin, cryptocurrency. That is according to LinkedIn, 151 percent higher than in the whole of 2017. It reported in December that there are more than 500 percent increase in the listing of skills for cryptocurrency.


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