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Cryptocurrency Related Jobs Continue Growth

October 19, 2018

 

Glassdoor just released a study on the data for blockchain and cryptocurrency related jobs on their website. They found found that crypto and blockchain-related job opportunities significantly increased in the U.S. this year. As of August 2018 there were 1,775 unique blockchain-related job openings in the U.S. compared to 446 similar postings last year. This is a massive 300% year-over-year increase.

 

The report was made by examining posts containing keywords related to blockchain, Bitcoin (BTC) and cryptocurrency. They included more general blockchain-related terms as well, and excluded jobs from third-party recruiting firms. For salary estimates, Glassdoor used their “Know Your Worth” service.

 

Key Findings

●     Growth in industry positions continues despite cryptocurrency market cap decline.

●     Median salary for these job openings is $84,884/year, which is $32,423 (61.8%) over the U.S. median salary of $52,461.

●     Most blockchain jobs are technical, and located in a handful of cities around the world.

 

NYC / San Francisco and Consensys / IBM

The highest proportion of job openings is concentrated in 15 cities as 79% of 1,775 blockchain-related job ads in America.

●     New York City 24%

●     San Francisco 21%

●     San Jose 6%,

●     Chicago 5%

●     Seattle 4%

 

Worldwide, there is one prevailing city, and five that compose 40% of all 1,218international job openings posted to GlassDoor.

●     London 16%

●     Singapore 7%

●     Toronto 7%

●     Hong Kong 6%

●     Berlin 4%

 

The dominant employers in the field are clearly ConsenSys and IBM. Each company has over 200 related job openings each. Coinbase comes third with 63 positions open. Kraken, Oracle, Figure each have 37 related job openings. However, regardless of the type of company hiring, there is a strong bias to what type of positions are available.

 

A Need For More Developers

 

As might be expected with an entirely new tech field specialization, there is a void for experienced developers. The most in-demand blockchain roles are primarily technical and engineering. “Software Engineer” is the title listed for 19% of total job listings. And more generally, the fields of engineering, technology, and science represent 55% of total job openings.

 

 

By: BGN Editorial Staff

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