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    Crypto Jobs Pay 153% More Than Other Occupations

    Yeek.ioBy Yeek.ioDecember 16, 2024No Comments6 Mins Read
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    The crypto industry is known to offer some of the best salaries in the market, creating exciting opportunities for job seekers.

    To determine whether crypto-related jobs actually pay more than other fields, NFTEvening analyzed 1169 jobs that are related to crypto/blockchain. We then found some notable trends in salary and demand in the job market, which was recorded in this report.

    Key Findings

    • Crypto-related jobs offer 153% higher salaries than other occupations.
    • Crypto employees earn 46% more than average tech workers.
    • Crypto-related jobs pay 15.86% more than AI jobs.
    • New York offers the highest crypto job that pays up to $1M a year
    • IT & Engineering are the most in-demand roles in the crypto niche
    • Software Engineers in the crypto industry earn 70% more than average

    Methodology

    The data for this report was collected using various sources and methods to ensure accuracy. We used keywords such as “crypto”, “cryptocurrency”, and “blockchain” to gather job-related information from LinkedIn. The analysis focused on U.S.-based job postings. Data fields collected from each listing included the job title, salary, state, experience level, remote work options, job function, and required skills.

    Information about other jobs, including tech roles, was sourced from the U.S. Bureau of Labor Statistics. For tech jobs, only positions under the “Computer and Mathematical Occupations” category were considered for comparison.

    The data for AI-related jobs was obtained from Bizreport, which involved crawling and analyzing job postings from eight of the most popular job platforms.

    Crypto-related Job Salary Overview

    Salary Comparison between Crypto and Other Occupations

    Crypto jobs offer extreme high pay among many industries. Compared to regular jobs, salaries in the crypto sector are 152.84% higher. Even compared to tech jobs, crypto employees earn 46.31% more, while they make 15.86% more than AI professionals.

    Occupation Salary Disparity with Crypto Jobs (%)
    All Jobs 152.84%
    Tech Jobs 46.31%
    AI Jobs 15.86%

    Average Salary by Seniority

    Experience makes a big difference in how much people earn in the crypto industry. Entry-level positions start at $124,462, while mid-level roles average $176,771. Senior-level professionals earn even more, with salaries reaching $217,114.

    Experience Level Average Salary ($)
    Entry Level 124,462
    Mid Level 176,771
    Senior Level 217,114

    Regional Analysis: Crypto Jobs in the U.S.

    Average Salary by States

    Among the 29 states collected, California has the highest average wage for crypto jobs with over $184,945 a year. Meanwhile, Minnesota has the lowest average wage at $86,669, meaning that the pay gap between the best-paying state and the worst-paying state is 113.4%.

    Top 10 Highest Paying Jobs by U.S. State

    States like New York, California, and Georgia offer the highest-paying crypto roles. Positions like Quant PM in New York can reach $1 million annually, while senior roles in California and Georgia also offer salaries above $180,000.

    Rank State Position Salary ($)
    1 New York Quant PM – Digital Assets 184,946
    2 Georgia Vice President of Sales 184,275
    3 California Chief Financial Officer 180,647
    4 Washington VP of Security 171,711
    5 Illinois Head of Market Data Development 160,383
    6 Texas Trader (Director/VP) 158,278
    7 Maryland Cyber Software Developer – C/C++ 156,719
    8 District of Columbia Senior Payments Compliance Counsel 153,327
    9 Tennessee Staff Site Reliability Engineer 152,417
    10 Massachusetts Staff Protocol Engineer 150,927

    Top 10 States with Highest Job Demand

    New York leads the crypto job market, with 23.87% of all job postings originating from the state. California follows closely with 21.90%, making these two states the dominant hubs for crypto careers. Texas, Washington, and Maryland complete the top five, but their shares are significantly smaller compared to New York and California.

    Rank State % Share
    1 New York 23.87%
    2 California 21.90%
    3 Texas 3.42%
    4 Washington 2.40%
    5 Maryland 2.40%
    6 Virginia 2.40%
    7 Illinois 2.05%
    8 Massachusetts 1.88%
    9 Ohio 1.88%
    10 New Jersey 1.63%

    Crypto Jobs by Workplace

    Remote work is highly popular in the crypto industry, with 43.28% of job postings allowing employees to work from home. These remote roles pay an average of $173,359.44, slightly less than hybrid roles at $175,642.56.

    Workplace Type % Share Average Salary ($)
    Remote 43.28% 173,359.44
    Hybrid 21.81% 175,642.56
    On-site 23.70% 143,536.51

    Crypto Roles Breakdown

    Key Roles in the Crypto Job Market

    IT and engineering roles are at the core of the crypto job market, making up 43.46% of postings. Analysis and research positions follow at 17.62%, while business development roles account for 10.35% of job openings.

    Most Popular Positions in IT & Engineering

    The most in-demand role in the crypto industry is Software Engineer, offering an impressive average salary of $209,106 per year. This figure is 78.49% higher than the average income of software engineers in the United States, as reported by Glassdoor (November 20, 2024).

    Other key positions include Blockchain Developer, Back End Developer, Protocol Engineer, and Security Engineer, each catering to the industry’s technological needs.

    Highest-Paying Roles

    The crypto industry offers some of the most competitive salaries, especially in leadership roles. Among the six primary categories, Analysis & Research leads the way, with top positions earning an average of $241,459 annually.

    Finance & Accounting is the second-highest-paying category, with lead positions averaging $221,936 per year. IT & Engineering roles also offer strong compensation, averaging $198,288 annually, reflecting the technical skills demanded in this industry.

    Other well-paid categories include Management & Operations, Business Development, and Marketing & Communications.

    Role Average Salary ($)
    Lead Analysis & Research 241,459
    Lead Finance & Accounting 221,936
    Lead IT & Engineer 198,288
    Lead Management & Operations 194,517
    Lead Business Development 183,176
    Lead Marketing & Communications 168,514

    Best-Paying Positions by Role

    Leadership roles in the crypto industry come with substantial financial rewards. The Quant PM – Digital Assets position in Analysis & Research offers the highest earnings, potentially reaching $1 million annually in top locations. Similarly, the Vice President of Engineering in IT & Engineering can earn upwards of $400,000 per year.

    Business Development and Finance also feature high-paying roles, with the Vice President of Sales earning around $565,000 and the Chief Financial Officer averaging $500,000 annually.

    Role Job Position Salary ($)
    IT & Engineer Vice President of Engineering 400,000
    Analysis & Research Quant PM – Digital Assets 1,000,000
    Business Development Vice President of Sales 565,000
    Finance & Accounting Chief Financial Officer 500,000
    Marketing & Communications Paid & Performance Marketing 289,500
    Management & Operations Group Product Manager 657,000

     

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