Report: Cryptocurrency Job Market Continues to Grow

Glassdoor, a California-based firm that runs a recruiting and employer-review web site, has printed a report by its financial analysis division that reveals rising demand for expertise within the cryptocurrency business, with U.S. job openings hovering by 300 % 12 months on 12 months.

Also Read: The Daily: Global Cryptocurrency M&As Rise, US Town Halts Mining

Talent Search

The report, based mostly on a big pattern of on-line job postings, recognized 1,775 openings within the U.S. that included the phrases “Bitcoin,” “cryptocurrency” and “blockchain” as of August 2018, up from simply 446 such adverts a 12 months earlier. “Continued growth in job openings suggests that blockchain employers remain confident in the market opportunity and continue to make long-term investments in their teams,” the researchers stated.

New York City and San Francisco lead as the perfect areas wherein to discover a job within the U.S. cryptocurrency business, accounting for 24 % and 21 % of all job openings, respectively. In whole, the highest 5 cities — which embody San Jose, Chicago and Seattle — dominate a mixed 59 % of all job openings on the Glassdoor web site. Outside of the U.S., London tops the listing of cities with 189 job openings, adopted by Singapore, Toronto and Hong Kong.

Among the highest 15 firms which can be trying to find new recruits, Consensys and IBM each have 214 associated job listings. Coinbase is available in third with 63 associated vacancies. Other acquainted names reminiscent of Kraken, Circle, Bitgo and Abra are also on the listing.

Learn to Program

For anybody trying to enter the cryptocurrency house, it appears you possibly can’t go incorrect by buying software program programming abilities. Software engineers are essentially the most in-demand people, with such jobs accounting for 19 % of all listings. These openings are adopted by extra specialised positions, reminiscent of vacancies for front-end engineers and expertise architects; in whole, engineering-related positions account for 55 % of your entire crypto-jobs section.

The researchers recognized a median base wage of $84,884 per 12 months within the cryptocurrency business, which is significantly larger than the U.S. median wage of $32,423. However, the report cautions that due to the wide selection of jobs which can be out there, salaries can vary broadly, from simply $36,046 to $223,667 per 12 months.

“The reason we see higher salaries for blockchain jobs is due to the location and nature of the jobs available. High cost-of-living cities like New York City and San Francisco dominate the blockchain job market and employers there must offer higher salaries in order to attract talent. Additionally, high skill occupations like software engineers already demand high salaries, compounding this location effect,” the researchers defined. “After accounting for those effects, the high salaries we see for these roles are not unusual.”

How ought to firms attain extra those who have cryptocurrency improvement abilities? Share your ideas within the comments part below.

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