Survey: The average annual salary is over $ 150,000. Is the US blockchain development treatment so high?

In recent years, with the rise in the popularity of the blockchain, news such as the shortage of blockchain talents, and the salary level of blockchain talents leading the technology industry continue to appear in the newspapers. Then, in the United States, which is the leader in the blockchain industry, real talent needs What about salary levels? After research and field visits, the author learned the first-hand information of the US blockchain industry recruitment market.

I. Talent Demand

Although the long-term bear market has brought waves of layoffs, the overall demand for talent in the blockchain industry is still strong. According to the Upwork 2018 report, blockchain development is the second most demanded skill in the global labor market (robot experts rank first in terms of skill demand).

Because startups around blockchain or digital currencies are still springing up, the number of blockchain jobs posted on U.S. recruitment sites has been rising, involving positions in Bitcoin, Ethereum, blockchain and cryptocurrencies. Search volume is also increasing. Among the released blockchain positions, the demand for engineers or developers is huge, far greater than the number of non-technical positions such as business and marketing.

Recruitment channels

Similar to other industries, the recruitment methods of blockchain companies are also multi-pronged, including official websites, recruitment sites, professional headhunters, friend recommendations, and so on.

For a blockchain company with an official website, the positions and methods of application are usually listed on the careers page of the official website, but in general, the recruitment positions on the official website are long ago and the updates are very timely. Most blockchain companies will open a company page on LinkedIn, the largest professional social media in the United States, so many times will also put recruitment positions on LinkedIn. In particular, medium and large companies rely on LinkedIn for recruitment and usually list a lot of timely recruitment information on the company page.

For some small-scale blockchain startups, they tend to prefer niche but more targeted recruitment sites, such as AngleList, which specializes in recruiting and financing of start-ups in the technology field, which are quite popular with American blockchain startups. Searching on AngelList for jobs related to Blockchain / Cryptocurrency, there are 789 start-ups hiring, many of which are well-known currency companies such as Coindesk and Bakkt.

Salary level

According to the salary statistics on AngleList and questionnaire surveys of enterprises, the salary level of technical positions such as developers in US blockchain companies is 100,000 to 200,000 US dollars, and the salary level of non-technical positions is 60,000 to 150,000 US dollars, non-technical There is a big difference in job salary, and it is obviously lower than that of technical posts.

According to ZipRecruiter website statistics, as of December 2019, the average annual salary of U.S. blockchain developers is $ 154,550, which is higher than the average annual salary of software developers in the U.S. technology industry (about $ 140,000). ZipRecruiter's statistics show that the current salary of blockchain developers in the United States ranges from $ 124,500 (25th percentile) to $ 203,000 (75th percentile). The average salary range for blockchain developers is not much different (up to $ 78,500).

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Source: ZipRecruiter website

From a global perspective, the salary level in the United States is the highest in all positions in the entire blockchain industry. An article by Hackernoon listed the salary levels of different positions in various regions of the blockchain industry (excluding bonuses and additional income such as stocks) ).

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Source: Hackernoon

Fourth, the difficulty of recruitment

Although the salary level of blockchain talents is already higher than the average level of the technology industry, they are often difficult to find. On the one hand, because the industry is too cyclical, the attractiveness of talents during the bear market will obviously decrease; on the other hand, Internet giants have also gradually joined the competition for talent. As established companies like Amazon, Facebook and IBM set up new teams to study blockchain technology and explore blockchain applications, the demand for blockchain talent is also growing.

From the supply side, because the CS courses commonly offered in American universities rarely involve the systematic knowledge and development skills of the blockchain, most of the people who are proficient in blockchain development skills have relevant work experience, and Not a young person who has just graduated from school. Therefore, supply in the talent market is less than demand.