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PR is getting more complex as companies and public figures seek help navigating social issues.The industry is also booming as PR firms seize opportunities in areas like financial communications and data.Insider is tracking the big trends in the industry, from hiring to growth areas to M&A.Visit Business Insider’s homepage for more stories .
Get a daily selection of our top stories The public relations industry is going through big changes as PR firms scramble to invest in data and measurement and meet demand of corporations facing increasing public scrutiny .
Agencies also see opportunity in areas like advertising, digital, and ecommerce .They’re taking advantage of booming areas like financial communications and diversity, equity, and inclusion, creating lucrative if high-pressure jobs .
Insider has been tracking these trends at some of the biggest PR firms, including Edelman, Weber Shandwick, and Sard Verbinnen.Here’s a roundup of our coverage on everything from hot practice areas, how to get hired, and industry pay.
Hiring, pay trends The PR industry employed around 270,000 people in the US as of 2019, according to the Bureau of Labor Statistics.It employs people who work in-house at brands as well as agencies of all sizes.
A lucrative but less understood niche is strategic communications, which involves crisis, litigation, financial , and other high-stakes PR and comprises firms like Finsbury, Kekst CNC, and Gladstone Place Partners .
PR firms have cut hundreds of jobs in the downturn, but the field remains high-paying and competitive, with growing opportunities in pharma, tech, and healthcare communications.
PR industry salaries revealed: How much top firms like Teneo, BCW, and FTI pay employees, from consultants to managing directors Here’s a rundown of new perks and benefits public relations firms are offering, from big bonuses to extra vacation days Tough interview questions public relations execs can expect as social issues and politics become a bigger part of the job Why I quit PR agencies: 5 public relations pros share why they left and tips for former colleagues How to get a job at PR giant Edelman and what to expect if you land an interview, according to the company’s recruiters Meet 12 top public relations recruiters to know right now What it takes to get high-paying jobs at strategic consulting firms like Finsbury and Kekst CNC, from handling tricky questions to nailing writing tests The industry is attracting investment Private equity firms that used to view public relations agencies and software companies as a volatile industry have recently been pouring money into them, drawn to their recurring revenues, diversified businesses, and cash flow.
Read the 9-slide deck that a tech firm used to raise $4.5 million to help companies like Google pitch journalists
13 investors that are making big bets on public relations firms A new Enero exec who’s hunting for PR acquisitions revealed what she’s looking for as it tries to grab share from holding companies like WPP and Omnicom 9 public relations companies are challenging the status quo and taking on giants like Edelman and BCW Crisis and internal communications work is growing Growth has returned for PR firms coming out of the downturn and as CEOs seek help with crisis situations and communicating to the public and their employees .
Crypto and blockchain companies are snapping up public relations execs from Google, Twitter, and Edelman, as regulation looms With the Texas abortion law, CEOs face pressure on what to say on another hot-button social issue — but few have spoken out PR giants like Edelman and Sard Verbinnen are seeing a surge in demand as companies seek to minimize damage from the coronavirus pandemic These are the top 15 financial public relations pros CEOs call when their companies are on fire PR shops like Edelman bag millions as companies struggle with back to work mess PR firms are expanding to advertising and consulting PR firms are increasingly competing with advertising, consulting companies , and even law firms as the lines between these industries blur.
Brandwatch is acquiring an influencer marketing company to cash in on the rise of TikTok Check out the pitch deck that a PR tech company used to raise $50 million to extend its business beyond public relations The PR agency Vested just bought a digital marketing shop to meet surging demand from private equity firms, hedge funds, and cryptocurrency companies A consulting firm backed by mega-law firm Dentons is offering an unusual perk to lure top talent from public relations heavyweights like Edelman and FTI CEOs of PR firms like Edelman and BCW reveal why they’re focused on winning business from advertising and consulting companies coming out of the pandemic .
Public relations heavyweight Edelman has quietly built a 600-person creative team and says it’s becoming a ‘serious alternative’ to ad agencies, winning clients like Ikea and Tazo Healthcare marketing giant W2O just snapped up two more companies as it seeks to take on consultancies like Accenture and Cognizant Tech is changing PR Public relations pros are facing increased pressure to prove the value of their services.That’s fueled a $4.5 billion communications software industry that helps PR firms do things like monitor news coverage and social media, provide accurate measurements, and identify influencers and journalists.
Read the pitch deck that a PR startup used to raise $10 million to help clients like Samsung and Google measure how their PR is working A new PR tech giant is plotting an expansion into the US to take on Cision and Meltwater Private equity firm Tritium Partners acquired an up-and-coming PR tech company to take on giants like Cision and Meltwater 11 tech firms that top companies like Coca-Cola and Samsung rely on to prove their PR works The top 27 software companies serving the public relations industry PR agencies are beefing up their data services to keep consulting firms like Deloitte and Accenture from eating their lunch
PR giant MSL breaks down how it’s using tech tools to prove its work drives results for clients like P&G and Cadillac Public relations giant Edelman is poaching execs from WPP, Google, and others to build a data analytics powerhouse Omnicom is boosting its data arm with a new tool to convince skeptics that PR can drive business results Sign up for notifications from Insider! Stay up to date with what you want to know.Subscribe to push notifications.