The Financial Considerations of Pursuing a Tech Career

The Financial Considerations of Pursuing a Career in Tech
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The global tech market is projected to grow 3% in 2020 and 2021, reaching a total $3 trillion economy by the end of the calendar year.

New innovations and market growth means that high-earning employment opportunities are arising within the tech sector, including jobs specializing in cybersecurity, digital marketing and other cutting-edge professions.

Fortunately, Nigeria benefits from a recent market surge in tech start-ups across the country, leading to a wide range of lucrative career options for young Nigerians with a knack for technology.  

A Lucrative Workplace

Recent labor data indicates that tech is one of the top-earning industries in Nigeria, especially those that can market themselves to fit a fast-growing niche within the industry.

Often, the hardest part about affording a career in tech is simply earning enough in the interim as you apply for jobs in your target industry. You will likely need to budget your finances carefully as there’s no telling how long it will take HR firms to process your application.

New Professional Directions

As an industry, tech is constantly expanding, which means that jobs that didn’t exist five years ago are now being offered to tech professionals on the market. For instance, more than five million jobs in information technology are expected to be added globally by 2027, according to a report from the Bureau of Labor Statistics.

Promising tech jobs in information technology include workers who specialize in cybersecurity, especially the security of  cloud-based data storage systems. Other fast-growing careers in the tech industry include AI automation technology, renewable energy developments, and the ever-growing Internet of Things. 

Tech Industry Perks

Apart from high-paying salaries, many tech companies attract new hires with a range of exciting employee perks, ranging from catered food to gym allowances and extra vacation time.

Depending on your field, you will also be able to stay up to date on current trends in the industry, even before products hit the stores. Tech also rates high for employee satisfaction and a positive working environment: meaning that new graduates can look forward to their role in a company that values collaboration and high energy.

The tech industry in Nigeria isn’t slowing down anytime soon, and neither are the exciting career opportunities associated with working in the technology sector. Most promisingly, the recent market data suggests that there is a wide capacity of jobs available for professionals in tech, many of which are lucrative and exciting for new graduates.

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Paschal Okafor is NaijaTechGuide Team Lead. The article The Financial Considerations of Pursuing a Tech Career was written by NaijaTechGuide Team. The article was last modified: April 23rd, 2021
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