News

Survey: Blockchain Developers' Salaries Has Increased Over the Past Six Months

Janco and eJobDescription.com carried out a 2019 IT Salary Survey which shows that Blockchain developers’ salaries have increased over the past year. Their earning has been likened to what experts in the Artificial Intelligence industry receive. Also, the survey team attributes the spike in income to the high demand of Blockchain professionals by companies.

Janco Carries Out Biannual IT Salary Study

Janco’s study is usually carried out twice a year and that is in January and July. This is usually a salary survey of the IT Job market and it has been ongoing since 1989. In its recent report, the management consulting firm said: “Salaries are up across the board for all blockchain roles that we have surveyed.”
Accordingly, the survey shows that the annual pay for Blockchain developers in the past six months is over $4000. A professional in this field can earn a median annual salary of  $132,000, whereas those with more experience make over $176,000 on a yearly basis. The latter is mostly the earnings of experts who have moved to a new firm, the report says.
In comparison to Janco’s report in October 2018, there is a slight change in earnings. The company at that time announced an annual salary of $127,000, and a yearly income of $172,000 for professionals with more experience who move to new jobs. The company had concluded that: “ERP and Blockchain jobs are in great demand. Individuals can look forward to salaries continuing to increase.”

High Demand for Blockchain Experts Leads to Increase in Salary

The increase in salary is said to be caused by a shortage of these IT professionals who are also in high demand. Moreover, the improvement in the economy has led companies to seek for more IT talents in order to invest in modern technologies. Besides, these are firms that have adopted the distributed ledger technology.
Based on a media outlet’s report, the number of vacancies for Blockchain developer in the U.S is over 10,000. Burning Glass Technologies, a job data analytics firm in June 2018 also said IT jobs in this field were 5,743. The company’s report later in October revealed 12,006 blockchain developer jobs which accounts for over a 100% yearly growth.
LinkedIn, in December also published an Emerging Jobs Report which states that Blockchain developer is the most hired job. Specifically, skills such as Blockchain, Solidity, Ethereum, Cryptocurrency, custom mobile app development, and Node.js are in high demand. It was also said that the U.S. has a higher level of interest in hiring these professionals.

Related posts
cryptocurrencyCryptocurrency NewsdogecoinDOGEUSDNewsXRP NewsXRPUSDXRPUSDT

Why DogeCoin Flipping XRP Is Extremely Alarming

When DOGE bulls put on their seat belts and drove bullishly to new levels, XRP had to give way for the meme coin to take the 4th position. At the time of this report, Dogecoin is valued at a market…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTMarketsNewsxbtusd

What The ‘Second Leg’ Of The Bitcoin Bull Market Will Look Like

The first phase of the Bitcoin bull market kicked off late last year when Bitcoin crossed $20,000 for the first time since its conception. The market went ballistic as Bitcoin hit $21,458 on the 16th of December and only shed…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

MercadoLibre, The ‘Amazon of Latin America’ Has Bought $7.8 Million In Bitcoin

Argentine E-commerce platform MercadoLibre, which has been branded the “Amazon of Latin America” has stepped into the Bitcoin market. The company, which has several branches in the United States revealed that it had purchased almost $8 million worth of Bitcoin….