TeQatlas Research: Average Blockchain Salary Pays Double the Average US Salary
In a ripe young field such as blockchain, talent counts much to ensure constant growth of the company in the field. TeQatlas, a research firm in the fintech industry, conducted research on over 3,000 open vacancies in the field, the top-15 most committed Blockchain employers, 807 global disclosed salaries, and almost 1,600 investors that participated in the 2,000+ rounds of funding.
Blockchain Job Openings Grow at a Staggering Pace
Blockchain jobs across the industry are growing at a lightning pace in the past 6 months as a number of open positions close in on 2018 highest openings. In research conducted on several online jobs and disclosed vacant positions in companies, the total number of vacant openings stands at 2276 jobs as of May 31st, 2019, 301 fewer than the whole of 2019.
Blockchain jobs growth: The first 5 months of the year closing in on 2018's high
Job offerings over the past 5 years has witnessed a staggering 139% compounded annual growth rate as more companies and organizations look for top talent in their new blockchain departments.
The Top Blockchain Employers
The traditional markets are currently building on blockchain technologies with departments built to ensure the organizations do not miss on the fourth revolution. IBM, in particular, has taken a huge role in the field leading the rankings in a number of job offerings with 335 jobs, 19 more than the next two combined. Oracle comes second with 173 openings, PwC and Ernst &Young third with 143 openings.
Coinbase leads the native cryptocurrency market with a total of 78 open vacancies following the expansion outside the US and Europe. Ripple Inc., custodian of the third largest cryptocurrency in market capitalization comes in second in the field with 57 vacancies while ConsenSys and Block.One have 53 and 51 vacancies respectively.
Blockchain Specialist Salary Doubles the Average American Salary
The report further confirms that the US pays the highest for an average blockchain specialist at $104,000 USD per annum, accounting for more than double what an average American makes ($49,000 USD). Asia also highly remunerates top talent in blockchain with an average specialist earning close to $90,000 USD per year, Europe offers a much lower compensation to the blockchain developers at $70,000 USD.
The salary for a blockchain specialist ranges between $17,000 USD and $144,000 USD.
America tops: Salaries per annum in various regions in the world
A look at Glassdoor, an online job marketplace, reveals software engineers are the most wanted in the blockchain space with a total of 686 job openings out of the survey of 3,000+ jobs.
(All images sourced from teQatlas)