US Blockchain Engineers Earning as Much as AI Specialists
The fast-expanding blockchain technology realm has designed a high demand for talent and this has unfortunately stemmed in blockchain engineers being amidst the best-remunerated in the tech sector.
As mentioned by CNBC, the average pay scale for blockchain engineers in the United States is between US$150,000 and US$175,000 making it equivalent to what developers who specialize in another high-demand field, artificial intelligence, make. The two fields now presently provide the highest-earning specialized engineering roles. Typical software engineers earn an average of US$135,000.
This comes at a time when the job postings requiring blockchain technology skills have expanded dramatically. For instance, Hired, a San Francisco, California-based tech sector recruitment organization which offered CNBC with the salary stats in the tech sector, has seen a 400% growth in the job postings seeking employees with blockchain technology skills since late last year.
“There’s a ton of demand for blockchain. Software engineers are in very short supply, but this is even more acute and that’s why salaries are even higher,” Hired’s CEO, Mehul Patel, told the business news TV channel.
This is akin to a finding by jobs site Glassdoor which saw job listings relevant to blockchain and digital currency growth by 300% in August 2018 compared to the same period last year. In the United States, most of the blockchain-powered jobs are situated in New York City (24%) and San Francisco (21%). Outside the United States, the top-five cities with the highest number of blockchain-based job openings were London (16%), Singapore (7%), Toronto (7%), Hong Kong (6%) and Berlin (4%).
As specified by Glassdoor, some of the top-hirers are startups such as Circle, Kraken, Figure, Coinbase, and ConsenSys though created firms such as Oracle, IBM, KPMG and Accenture also feature in the top ten.
The findings by Hired and Glassdoor also echo an akin conclusion drawn by leading freelance jobs website Upwork. As CCN published two months ago, blockchain was the fastest expanding freelance skill on the telecommuting podium in the United States for the second consecutive quarter. The 2018 Q2 Upwork Skills Index also showcased an increase in demand for individuals capable in the programming languages and frameworks that are needed to fill blockchain developer or engineer positions.