There’s never been a better time to get a job in the cryptocurrency sector, with more vacancies than ever before, according to research published this week by employer review site Glassdoor.
According to the report, there were 1,775 vacancies mentioning “cryptocurrency,” “blockchain” or “bitcoin” in the United States in August 2018, an increase from 446 vacancies for the same month a year ago.
This represents a rise of over 300%, and according to Glassdoor, the increasing demand for talent within the cryptocurrency and blockchain sectors: “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.”
San Francisco and New York topped the leaderboard as home to the most openings, with 21% of total opportunities in San Francisco and 24% in New York respectively. Beyond the U.S., London tops out with 189 advertised positions, with Singapore, Hong Kong and Toronto also reporting a number of opportunities.
The biggest employers, IBM and Consensys, were each advertising for 214 positions, followed by Coinbase, Figure and Oracle as the next most significant employers.
While the average salary for software developers was reported at $84,884, the diversity of jobs in the sector means this can rise to as much as $223,667 per annum.
According to the Glassdoor research findings, the combination of highly skilled work and high cost of living locations mean salaries for blockchain jobs will remain high. Glassdoor analysts noted, “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.”
“After accounting for those effects, the high salaries we see for these roles are not unusual,” the report added.
With more development activity around cryptocurrency than ever, and increasing investment in blockchain technologies and applications, the findings underline the range and value of opportunities for software developers within the blockchain space.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.