What Crypto Winter? Blockchain Developers are Still Making a Killing

What Crypto Winter? Blockchain Developers are Still Making a Killing

Blockchain developers are now earning more than they were six months ago, according to a survey-based report by Computer World.

In the course of the last six months, the annual pay for blockchain developers in the highest bracket increased by over US$4,000, as per the survey which was conducted by management consulting firm Janco Associates.

The median annual pay for blockchain developers is also considerably higher than that of other software developers at US$132,000. Experienced developers earn even more US$176,000 especially when they change employers.

Top of the Food Chain

In the top bracket of IT jobs, the only other positions enjoying higher pay than blockchain developers were data scientists, database managers, ERP data architects, and ERP data engineers. Only ERP data engineers and database managers out-earned blockchain developers in the second quartile while in the third quartile only ERP data engineers earned more than blockchain developers.

Blockchain developers are in the top quartile of the tech sector food chain (Courtesy of Computer World)

This is not the first survey to demonstrate the enviable position that blockchain developers occupy in the tech sector food chain. Last year in October, CCN reported that blockchain engineers in the United States were earning almost as much as artificial intelligence specialists, another field that is seeing increased demand for top talent:

Growing Demand

At the time, the competitive pay that was being offered to blockchain developers was attributed to the increased demand for talent in the field with tech sector recruitment firm, Hired, indicating then that job postings had risen by 400%. Jobs site Glassdoor also disclosed last year that job postings related to cryptocurrencies and distributed ledger technology had risen by 300%.

Last month professional networking site LinkedIn reported that the biggest growing field on its platform in 2018 was blockchain development. Specifically, the Microsoft-owned social media firm revealed that job listings for software engineers with the capacity to develop distributed ledgers using peer-to-peer technology had increased by 33 times in 2018.

Interestingly, the high demand for blockchain developers and engineers has come at a time when some cryptocurrency firms have already announced plans to lay off staff. This includes ConsenSys, the cryptocurrency development firm led by Ethereum co-founder Joseph Lubin, which is planning to retrench 13% of its workforce. Decentralized social media firm Steemit has also disclosed plans to reduce its employee numbers by 70%.

Featured Image from Shutterstock

12.01.2019 / 14:50 24
US Blockchain Engineers Earning as Much as AI Specialists US Blockchain Engineers Earning as Much
The fast-growing blockchain technology sector has created a high demand for talent and this has consequently resulted in blockchain engineers being
Want to Make Money as a Programmer? Learn Blockchain Development Want to Make Money as a Programmer?
Despite the year-long bear market that has seen the prices of major cryptocurrencies drop 70 to 80 percent, the demand for blockchain developers is
Engineers are Leaving Silicon Valley Firms to Crypto; Sign of Demand Engineers are Leaving Silicon Valley
In recent months, an increasing number of engineers and developers announced that they are leaving established Silicon Valley tech companies in
Blockchain Engineers are Earning Lucrative Salaries Blockchain Engineers are Earning
Recent statistics show that blockchain engineers are currently in high demand and they earn as high as $175,000 per annum. Blockchain Technology
5,000 Developers in India Ready to Work on Crypto Projects 5,000 Developers in India Ready to Work
According to a recent study, 5,000 Indian software developers currently have the skill sets to work on cryptocurrency and blockchain projects. 10,000
Coinbase Joins Blockchain Common App Jobs Initiative, Calls For Senior Engineers Coinbase Joins Blockchain Common App
Crypto exchange and wallet Coinbase is now involved in the Blockchain Common App jobs initiative, calling for senior engineers to work on BTC, ETH
Comments (0)
Add a comment
Comment on