Research: Survey shows that blockchain developers’ salaries have increased in the past half a year


Blockchain developers are more in demand than ever. Despite the bear market, blockchain companies aren’t slowing down when it comes to hiring top talents.

A while back, Linkedin published their annual job report, which concluded that blockchain developers have been one of the careers that received the most attention.

We also wrote an in-depth guide a while back on “What skills are required to be a blockchain developer.”

According to a Janco Associates survey by Computer World, annual salaries for blockchain developers have increased by more than $4,000 over the past six months.

According to the survey, the median annual salary for a blockchain developer is now $132K. Some more experienced developers can make up to $176k per year. Check the graph below:

blockchain salary chart

‘Salaries are up across the board for all blockchain roles that we have surveyed,” Victor Janulaitis, CEO of Janco Associates, tells Computer World. “CIOs do not want to lose the talent they have on board. As a result, they have increased compensation for those positions,” he added.

Previous job reports have estimated the number of open blockchain developer positions at more than 10,000 in the U.S. alone.

For example, in October, job data analytics firm Burning Glass Technologies pegged the number of blockchain-related IT jobs at 12,006, which at the time represented a growth rate of 316% year over year. In June, Burning Glass had reported 5,743 blockchain developer jobs.

Hired, a job recruitment firm, placed the salary for blockchain engineers as ranging from $150,000 to $175,000 a year; those jobs are now on par with developers of artificial intelligence (AI).

By comparison, software engineers earn an average of $137,000, according to Hired CEO Mehul Patel.

“Since launching blockchain as an expertise on our platform in late 2017, we have witnessed demand for blockchain engineers increase 400%,” Patel said in an earlier interview. “Interestingly, blockchain engineer has not solidified itself as a standalone job title quite yet; instead, blockchain is increasingly being included as an area of expertise for back-end, solutions architects and machine-learning engineers.”

As blockchain jobs have grown, so too have programs that train developers and others in blockchain skills. For example, after creating an online course on cryptocurrencies and business-scale blockchain networks, UC Berkeley quickly saw thousands of signups.

 


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Samuel Tan

Samuel Wan has been an analyst and cryptocurrency evangelist for the last few years. Previously he worked as a consultant for a Big 4 consulting firm and is passionate about how blockchain will make an impact in the world. You can contact Sam at s@cryptomenow.com

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