Russian blockchain experts earn almost 5 times the national average salary

The blockchain industry is growing rapidly. For the same reason, blockchain-related salaries are extremely attractive in many countries, including Russia. Russian blockchain experts are paid close to 5 times the national average salary – with developers also starting to demand higher salaries than most of their IT experts.

Russian blockchain experts receive almost 5 times the national average salary

Although the Russian government and central bank continue to work to eliminate the sector, it appears that some of the larger corporations and startups will still depend on cryptocurrencies to succeed in the long run.

As Reuters reported last week, the federal state statistics service (Rosstat) released quarterly data showing that the Russian economy grew by a staggering 10.5% over the same period last year, “the biggest jump since 2000” .

And that growth is mostly focused in the information technology (IT) industry. In an interview with Izvestia, Natalia Golovanova, a managing director of the Russian employment platform SuperJob, said that the highest annual wage growth rate is currently in the domestic IT sector.

She stated that growth in the broader tech sector in nominal terms (excluding inflation) “exceeded 23.3% and wages rose 13.8% in the first two quarters of 2021”.

Indeed, blockchain professionals in Russia are currently receiving really high salaries. The report’s authors point out that most newly hired developers in Moscow can expect to earn around $ 2,745 a month (the average salary in a city is around $ 1,470 a month). But in the case of blockchain analysts, that number can rise to $ 5,000, more than professionals like DevOps engineers and 1C (enterprise) programmers.

In addition, numerous blockchain and crypto-related job postings on both SuperJob and other platforms are posting monthly salaries of up to $ 5,000 – with a Moscow-based company looking for a senior front-end developer for a blockchain “project” searches and has raised over $ 6,850 per year for one month.

Izvestia quoted Yuri Mikheev, head of analytics at Zarplata.ru, as saying that by “early autumn 2021” the “highest paid jobs” will be outside of executive positions “in the IT sector”, where the wage increases of 11 . have increased%.

Mikheev concludes that “blockchain analysts and developers” are among the most sought-after candidates in the industry – and could earn some of the highest-paid salaries in the market.

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