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The team at Glassdoor Economic Research took a close look at the job market in the field of blockchain development over the course of the past year.

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It specifically tracked what positions were most available, where those jobs were located, the companies most hiring, and the average salary compared to other types of jobs.
<h2>By The Numbers</h2>
A macroscopic view shows that the number of jobs in the blockchain field is higher than ever, despite the current bear market and value lost from the all-time highs set last December.

The study found that, in August of this year, there were 1,775 unique job openings in the blockchain field — which is 1,329 more than were available in August 2017.

The team overlayed a graph of the price of Bitcoin from April 2017 to August 2018 against a weighted plot of job openings and found that, in early 2017, job openings were increasing steadily with the price of Bitcoin until December 2017, when the price exploded to unprecedented $20,000 levels.

Since the tipping point at the beginning of 2018 that sent the price of Bitcoin descending back to $6,000 levels, jobs openings have seemingly grown in an inverse trend — as the price goes lower, more jobs become available. (And vice-versa.)

<img class="aligncenter wp-image-1456 size-full" src="https://beincrypto.com/wp-content/uploads/2018/10/Bitcoin-Price-Vs.-Job-Growth.jpg" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/10/Bitcoin-Price-Vs.-Job-Growth.jpg 1024w, https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/10/Bitcoin-Price-Vs.-Job-Growth-300x207.jpg 300w, https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/10/Bitcoin-Price-Vs.-Job-Growth-768x529.jpg 768w, https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/10/Bitcoin-Price-Vs.-Job-Growth-750x516.jpg 750w" alt="" width="1024" height="705" />
<h2>Pieces Of The Puzzle</h2>
Considering a job in the blockchain field? You might want to try giving New York City or San Francisco a shot, as the two cities offer up nearly half of all the blockchain jobs in the industry in the United States.

As far as the rest of the world, London is currently the top-spot for blockchain jobs, making up 16 percent of all openings — followed by Singapore, Toronto, and Hong Kong, respectively.

<img class="aligncenter wp-image-588 size-large" src="https://beincrypto.com/wp-content/uploads/2018/08/shutterstock_739779886-1024x683.jpg" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/08/shutterstock_739779886-1024x683.jpg 1024w, https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/08/shutterstock_739779886-300x200.jpg 300w, https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/08/shutterstock_739779886-768x512.jpg 768w, https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/08/shutterstock_739779886.jpg 1140w, https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/08/shutterstock_739779886-750x500.jpg 750w" alt="Singapore" width="1024" height="683" />

It can be expected that, because most of these jobs are located in major cities, salaries are also a bit above the average. In the United States, the median salary falls between $60,000 and $70,000 per year — a bit below the average blockchain positions’ salary which falls between $80,000 and $90,000.

It should be no surprise that the majority of these jobs require technical and specialized skills, particularly in coding and computer engineering. Meanwhile, the field is becoming increasingly competitive. Most jobs that are available are for software engineers, which make up nearly 20 percent of the total market. Other popular positions include analyst relations managers, product managers, and front-end managers.

With large financial institutions beginning to get their feet wet in the blockchain industry, bigger investments and a growing need for workers that have knowledge and experience in the field are soon to follow.

<img class="aligncenter wp-image-1286 size-large" src="https://beincrypto.com/wp-content/uploads/2018/10/shutterstock_271760132-1024x683.jpg" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/10/shutterstock_271760132-1024x683.jpg 1024w, https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/10/shutterstock_271760132-300x200.jpg 300w, https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/10/shutterstock_271760132-768x512.jpg 768w, https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/10/shutterstock_271760132.jpg 1140w, https://3xz7gj47vd1t2zgr1q19hmwl-wpengine.netdna-ssl.com/wp-content/uploads/2018/10/shutterstock_271760132-750x500.jpg 750w" alt="IBM" width="1024" height="683" />

Glassdoor found that ConsenSys, IBM, and Coinbase have the most job offerings — the three companies making up nearly 30 percent of all open positions.

It is this author’s opinion that jobs in the blockchain and cryptocurrency sector will only continue to grow over the next three to five years. Jobs in this field pay competitive rates and can usually offer flexible schedules and can even be done remotely in many cases.

This is an opinion also reflected by the Glassdoor study, which concludes:
<blockquote>While the ultimate staying power of cryptocurrencies and blockchain technologies remains to be seen, the blockchain job market seems primed to continue its rapid growth into the near future.</blockquote>
<strong>Do you believe the Glassdoor’s study to be an accurate representation of the current job market in the blockchain and cryptocurrency space? Are you working, or know someone who works</strong> <strong>a blockchain job? Let us know in the comments below! </strong>

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<em>Images courtesy of Shutterstock, Glassdoor Economic Research / CoinMarketCap.</em>

The post Research Finds Blockchain Job Market ‘Primed For Rapid Growth’ appeared first on BeInCrypto.

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Research Finds Blockchain Job Market ‘Primed For Rapid Growth’

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Research Finds Blockchain Job Market ‘Primed For Rapid Growth’

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