Joblift examines blockchain engineer job growth in U.S.
San Diego, California. May 31st, 2018 — Most news buzzwords have a short life expectancy, but there’s one that’s defying all odds: blockchain. Thanks to the overwhelming success of Bitcoin, the technology has been thrust into the public eye. Consequently, the demand for blockchain savvy workers has sharply increased. Job platform Joblift analyzed all 48,429,997 US job postings from the last 12 months in comparison to the 1,287 blockchain engineer postings. In terms of average monthly growth, the latter outpaced the former significantly, and while the majority of total postings are still concentrated in traditional tech hub regions, states like Illinois, Massachusetts and Texas are also displaying an increasing demand for blockchain engineers.
BLOCKCHAIN ENGINEERING JOB OPENINGS ARE GROWING AT A RATE 25 TIMES THE NATIONAL AVERAGE
Blockchain engineers specialize in creating digital information sharing solutions for data service firms and companies through a variety of skills, from coding to cryptography. As a profession, blockchain engineering is still quite new; so much so that the U.S. Bureau of Labor Statistics has yet to collect data on it. That’s certain to change, however, as postings for blockchain engineers have surged. According to data from Joblift, 1,287 positions were posted over the last 12 months, a figure that accounts for only 0.003% of all jobs in the USA. However, in that period of time, postings for blockchain engineers increased by an average of 25% each month — 25 times the national average for the US labor market as a whole (1%).
APPROXIMATELY ONE-THIRD OF JOBS CONCENTRATED IN COASTAL STATES IN SMALL TO MIDSIZE COMPANIES
States that are home to well-established tech hubs posted the lion’s share of blockchain engineering jobs over the the last year. Combined, California and New York accounted for approximately 29% of postings. Texas, Illinois and Massachusetts rounded out the top five list, accounting for a combined total of 13% of offers. However, job postings in Illinois and Massachusetts are increasing at an average monthly rate of 34% and 38%, respectively, which is more than the average monthly increase in California (30%) and New York (17%). Small to midsize companies had the highest demand for blockchain engineers — 41% had 200 or less or employees.
BLOCKCHAIN ENGINEERS CAN EXPECT TO EARN AN AVERAGE SALARY OF $130,000
A recent article published on Medium confirmed that there are 14 job openings per every blockchain engineer, and that one can expect an average yearly salary of $130,000. That’s 24% more than the average salary for non-blockchain engineers ($105,000). This information, coupled with the rapid monthly growth in job postings across the country, spells out a promising future for engineers with blockchain skills. And as blockchain technology is slated to gain traction in non-cryptocurrency sectors, the need for engineers is sure to continue growing.
ABOUT JOBLIFT
Joblift is a job platform that makes the hiring process intuitive and frictionless for both job seekers and employers. By using the latest machine learning techniques and big data-based algorithms, Joblift provides an optimal match between applicant and organization. Currently active in the US, the UK, Germany, France and the Netherlands, Joblift cooperates with over 4,000 partners to combine over 10 million job postings on our platform. Our highly energetic and entrepreneurial team is led by experienced founders Lukas Erlebach (CEO) and Alexander Rausch (COO), who most recently held C-Level positions at Zalando and Amorelie.