Russian Blockchain professionals may expect to earn up to five times the national average pay.
Blockchain-related wages in Russia are increasing quickly, and developers are already commanding better compensation than their IT colleagues.
Even if Russia’s government and central bank are working to marginalize the industry, it seems that some large corporations and startups are still betting on the long-term future of crypto.
See also “The impact of the blockchain industry on the job market”
For “the greatest increase since 2000,” according to Reuters, the Russian Federal State Statistics Service (Rosstat) revealed quarterly statistics indicating that the Russian economy grew by a whopping 10.5% year-on-year.
Some companies are already reaping the benefits of that growth and any resulting profits — in the wages of developers and analysts.
Russia’s IT industry is presently seeing the greatest yearly compensation growth rates, according to Natalia Golovanova, an executive with Russian recruitment portal SuperJob.
Growth in the larger IT industry “amounted to 23.3 percent, and wages climbed by 13.8 percent in the first two quarters of 2021,” she said.
In Russia, however, it is blockchain experts that command the highest wages. According to the report’s authors, new developers in Moscow may anticipate a monthly pay of roughly USD 2,745 from their new employers (in a city where the average salary is about USD 1,470 per month).
When it comes to professionals like DevOps engineers and 1C (Enterprise) programmers, though, the cost might soar to just short of USD 5,000.
A Moscow-based company is searching for a senior front-end developer on a “blockchain project” and is offering a starting salary of more than $6,850 a month on SuperJob and other sites, according to Cryptonews.com.
According to Yuri Mikheev, the director of Zarplata.ru’s analytics department, in “early fall 2021,” the “highest-paid jobs” outside of top execution roles are to be found “in the IT industry,” where compensation growth has increased by 11%.
As a result, Mikheev determined that “analysts and engineers in the area of blockchain” were among the most sought-after people in the sector and could demand some of the best-paying wages on the market.
