There is no doubt that at the moment, we are living in a highly digitized world. Everything and anything you can think of can now be done on a smart device (phones, laptops etcetera).
Therefore, it should not come as a surprise to anyone that video editing is currently a high-paying skill in the year 2022.
Granted, video editing can be done by anyone who carefully decides to learn it and use it for entertainment, as we have seen in the cases of TikTok videos, YouTube, and the likes.
However, there is a deeper aspect to video editing that will fetch you the income that you dream of. Join me, as we dive into the world of editing.
What is the Video Editing Industry?
The video editing industry is very important to filmmaking and television broadcasting at large. It entails the process of controlling and revising video shots into desired effects.
It can also involve the process of taking crude, untouched, or recently recorded videos and removing parts of the video that are not important to your story.
It’s all thanks to the video editing industry that we can enjoy some of our favorite movies, documentaries, reality shows, cartoons, and a whole lot more. The video editing industry is not also just limited to the big screen, as content creators on popular social media apps as mentioned above, also utilize video editing to suit their needs and convey the desired message to the audience.
The video editing industry has a variety of career opportunities which we will be discussing in the latter part of this article.
Is video editing a good career path?
Video editing as a career path will most certainly be cool! Imagine adding desired effects to a movie or shorts and still getting a ton of money just to do that. And the best part of this is that plenty of people get to see your work at the end of the day if it turns out well.
There will always be fresh and exciting ideas for a video, so you get to improve your skills and create greatness.
Currently, it is predicted that they most likely will be an increase in the demand for people in the video editing industry between 2020 and 2030.
The average salary in the video editing industry:
I’m sure at this point you must be wondering, just how much do these people make?
Well according to Payscale, here is a list showing the average salary made by professionals in the video editing industry:
- Film editor– $93,610
- Television Studio Editor– $72,41
- Animator– $57,528
- Broadcast Engineering Technician- $75,606
How many jobs are available in the Video Editing Industry?
There is a variety of options to choose from as a video editor, and some of them include:
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Colorist:
This job involves special editing that deals with ensuring a perfect color and visual settings that will give the production a shiny feel.
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Animation:
An animator is in charge of creating motion graphics and rounding upon production. They are also utilized in the creation of special effects in movies and cartoons.
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Videographer:
A videographer captures the beautiful moments of one’s events such as weddings, birthday parties, corporate events, and so on. Thereafter, they make necessary adjustments and effects to it, to make it into an eye-catching and enjoyable video.
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TV Studio Editor:
Most of the activities that go on in a TV studio are in real-time. That is “as it is happening”.
A TV studio editor is tasked with switching between capturing equipment, graphics, and visuals that will help the audience to enjoy the show.
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Film Editor:
A film editor works mostly on set for movie productions, short films etcetera. They mostly work closely with the directors, cinematographers, and audio editors to create the best scenes and meet up to expectations.
Best paying jobs in the Video Editing Industry
The best paying job in the video editing industry is:
Film and Video Editor:
As stated earlier, a film and video editor is in charge of creating the desired result through the use of special effects, and other tools, to make the movie into a satisfactory finished result. Individuals who are in this occupation are the highest paid in the industry and earn $93,610 on average.
Cinematographer:
A cinematographer is a very crucial part of the filmmaking industry. Without them, there would be no movies to watch. They are in charge of capturing all the scenes in a movie as it’s being enacted.
They on an average earn $80,920
Broadcast Engineering Technician:
This is an expert charged with handling equipment and hardware that will manage the clearness of sounds and pictures seen on TV programs and news stations. They are one of the highest-paid people in the video editing industry, and their average salary is $75,606
Factors to consider when choosing the Video Editing Industry:
Before, you fully dive into the world of video editing; you need to note a couple of important points that will be helpful to you as you go:
- You need to be fully informed as to what the video editing industry is all about, and where to establish your niche.
- You need to be fully informed and up to date with the ever-increasing devices and software needed by a video editor. This is because, video editing is a fast-growing industry, and there is always an update on new things.
- As a growing professional in the video editing industry, you need to constantly touch up your skills by attending training and educating one’s self.
Top 5 companies in Video Editing:
Below are lists of some of the top video editing industries in 2022
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Kyro
Average Revenue: $10,000 million
Number of Employees: 10-49
Headquarters: Mission Viejo, CA
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BX Films
Average Revenue: $25,000 million
Number of employees: 2-9
Headquarters: Walnut Creek, CA
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Casual films:
Average Revenue: $10,000 million
Number of employees: 50-249
Headquarters: Chicago IL
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VeracityColab:
Average Revenue: $10,000 million
Number of employees: 2-9
Headquarters: Walnut, CA
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The DVI Group:
Average Revenue: $10,000 million
Number of employees: 10-49
Headquarters: Atlanta GA
Conclusion:
If you are looking for the easiest way to meet up with your favorite celebrity or idol, a career in the video editing industry is going to give you that opportunity.
However, it’s not a bed of roses as implied and a lot of hard work is going to be needed. You also need to constantly be in the know of any latest updates in your field.
Once you begin, however, you will find that it’s truly an enjoyable job.
