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Recent years have seen a huge increase in startups, applications, interest and intrigue and money invested relating to blockchain technologies. Cryptocurrencies in general and Bitcoin specifically have been two of the major hypes around blockchain technology, and we have seen huge traction gained in that area, but with such a versatile and exciting technology such as blockchain, the applications are almost endless.
We are seeing more and more inventive blockchain solutions crossing many sectors, for example, energy, politics, even cannabis. The sidestep into these industries is significant and means a spike in jobs across sectors, not just the financial sector.
Key findings from Glassdoor blockchain job market report
Glassdoor, a website where employees and former employees can anonymously review companies and their management, analyzed the blockchain job market. Here is what they found:
- In August this year, there were 1775 blockchain-related job openings in the US, a 300% increase from 2017.
- New York was the clear leader in the blockchain job market, with 431 openings. San Francisco, CA following 40 posts behind with 381 job openings. This may be surprising to some since blockchain and other emerging technologies are normally centered around California because of the tech investment in the bay area. 15 states held the majority of job openings for blockchain related jobs, but other areas still account for 380 US blockchain jobs.
- When you compare blockchain to other fastly growing emerging technologies such as Artificial Intelligence (AI), blockchain accounts for a much more widely distributed job market. In the AI job market, only 13 percent of jobs aren’t concentrated in the 15 top metros, compared to 21% for blockchain.
- You may be surprised to learn that of the top 15 roles for blockchain jobs, none are traditional financial jobs such as finance or investment analysts. Software Engineer is the most posted role, followed by Analyst Relations Manager. There are various technical roles within the 15 such as Architect, Back-End and Front-End Engineers as wells are quality assurance roles such as QA Engineer.
- Major employers for these job openings, posting several jobs are ConsenSys, IBM and Coinbase.
- In terms of pay, the median base salary for blockchain jobs is $84,884. The salary range is from $36,046 to $223,667 annually. The median base salary is $32,423 over the US median salary across all jobs, which is significant. Its also worth mentioning that some salaries will be inflated because of the high cost of living in those areas, for example in New York and areas of California.