Blockchain And Cryptocurrency Job Markets Up 300%, Median Pay of $85k
Lately, employees working in the cryptocurrency and blockchain industry have been taking home lucrative salaries. This is an indicator that the sector is maturing despite the plummeting of the value of major digital currencies. Also, it implies that the adoption of blockchain technology is increasing.
According to a report by Glassdoor, the number of new employment opportunities in the blockchain industry has risen by 300% over the past 12 months. By August this year, there were 1,700 vacant positions in the sector. Besides the abundance of job opportunities, the average income for blockchain experts is $85,000 annually, a figure that is much higher than the US average salary of $52,500.
The scope of the research conducted by Glassdoor covered online job postings submitted by blockchain companies in America. Job postings that included the terms ‘Bitcoin’ and ‘cryptocurrency’ were also considered in the survey. A significant majority of the job openings were associated with digital currency projects. Specifically, the report notes that the area of cryptocurrencies is prioritized by many blockchain companies despite the diverse nature of the industry.
Most of the job opportunities in the crypto and blockchain industry require individuals who are tech-savvy and trained in computer science. However, the industry is also opening up chances for non-tech roles. The report states that there are numerous vacancies for Analyst relation Managers and Product Managers, both of which do not require IT acumen.
Regarding specific companies, Glassdoor identified ConsenSys, IBM and Coinbase as the companies with the highest number of job openings. These were followed at a distance by Oracle, Circle, Kraken, JPMorgan, and KPMG.
The high salaries offered by the employers mentioned above are largely influenced by the location of the blockchain companies. Most of the companies are located in the hubs that characteristically offer higher compensations such as San Francisco and New York City.
In conclusion, the report mentions that the lucrative salaries imply that the emerging blockchain industry has a promising future. Moreover, the hiring of staff indicates that companies in the sector are investing for the long-term.