The Average Salary of a Blockchain Developer in India
- cryptojobs.com
- August 22, 2024
- All Posts, Career Guide
- blockchain developer
- 0 Comments
In the rapidly evolving technical landscape, blockchain has emerged as a transformative force, revolutionizing industries across the world. Among countries where blockchain technology is slowly but surely influencing the job market, India’s promising blockchain industry is poised to revolutionize various sectors. At the heart of this technological transformation are blockchain developers in India, the skilled professionals who build, maintain, and optimize blockchain networks.
With their expertise, developers are instrumental in creating secure, transparent, and efficient solutions that address real-world challenges. India, China, and the USA together account for 50% blockchain talent pool of the world. As the demand for blockchain technology continues to soar in the country, so does the importance of these developers.
In this blog, we will delve into the average salary of a blockchain developer in India, exploring factors that influence their earnings, and the career prospects they enjoy in this dynamic field.
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Average Salary of Blockchain Developers in India
The average salary of a blockchain developer in India is ₹5 – ₹10 lakh per year. However, this amount is subject to great variation as multiple factors influence it such as education, experience level, location (e.g. city, area), etc.
As blockchain developers are at the forefront of the change, employers often offer attractive salary packages to talented blockchain developers along with other job benefits. While the average amount remains constant, its determinants vary.
Let’s take a look at each of the factors that affect the salary of a blockchain developer in India.
Factors Affecting a Blockchain Developer’s Average Salary in India
In a blockchain developer’s career, there are several factors that will determine the salary they will earn in their career. While skills do help them gain a salary increment, there are certain factors that directly impact their salaries. The following are major determinants of a blockchain developer’s salary in India:
Blockchain Developer Average Salary by Education
- B.Tech
The Bachelor of Technology (B.Tech) degree forms an excellent foundation for blockchain developers in India to start their professional careers since it has high demand and teaches organizational skills. A blockchain developer holding a B.Tech degree typically earns ₹5 – ₹6 lakh per annum.
- BCA
Bachelor of Computer Applications (BCA) is among the most popular post-graduation programs in India. It adds to the technical expertise of a blockchain developer, opening up several career paths, apart from blockchain development. Professionals holding this degree can expect an annual income of ₹3 – ₹6 lakh per annum.
- MCA
Professionals with a Master of Computer Applications (MCA) degree help them acquire knowledge relating to computer science, technology-involving apps, and management. A blockchain developer with an MCA degree typically earns ₹7.94 lakh per annum.
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Blockchain Developer Average Salary by Experience
One of the most essential determinants of a blockchain developer’s salary is experience. Let’s take a look at how much blockchain developers in India are earning, depending on their experience level:
- Entry-Level Blockchain Developers
A blockchain developer with minimal to no experience (0 – 1 year) is considered a beginner. These individuals are typically assigned basic tasks under a leader’s guidance and are taught various aspects of the blockchain development cycle. Since they are only starting their professional careers, rarely do organizations expect entry-level blockchain developers to take charge of complex issues. They mostly have an income of ₹1.02 million per annum as per Talent.
- Mid-Level Blockchain Developers
The mid-level blockchain developers usually have experience of 1 – 2 years and familiarity with all basic blockchain information. They may also be referred to as new blockchain developers, making an annual income of ₹2 million per annum as per AmbitionBox.
- Senior-Level Blockchain Developers
The senior-level blockchain developers boast experience of 5-7 years, having completed various tasks and achieved certain milestones. They may work independently or lead a team of junior blockchain developers for different projects. With adequate knowledge about the decentralized system and its complex issues, the senior-level blockchain developers earn ₹2.5 million per annum as per Talent.
- Expert Blockchain Developers
Blockchain developers are considered experts if they demonstrate experience of 10+ years. They have extensive knowledge regarding blockchain and are quick to troubleshoot common problems. The expert blockchain developers are usually paid ₹8.25 million per annum as per Talent.
Blockchain Developer Average Salary by Location
Blockchain developers in India are paid different salaries based on the city they are living in. The day-to-day expenses in each city are different and salaries offered are according to the living expenses of the city.
Here is what blockchain developers are usually paid in different Indian cities:
- Mumbai: ₹707,000 per year
- Delhi: ₹599,000 per year
- Chennai: ₹729,228 per year
- Bangalore: ₹619,000 per year
- Pune: ₹883,000 per year
- Hyderabad: ₹500,000 per year
Final Takeaways
Blockchain technology is gaining popularity in India, leading to the release of a myriad of applications and systems. As demand rises on the global scale, industries are willing to offer great salary packages to skilled blockchain developers, keeping in mind their education, experience, and other relevant details.
Most blockchain developers are earning an average amount of ₹5 – ₹10 lakh per year; however, it may increase or decrease depending on several factors. Blockchain developers have significant earning potential as with the growing adoption of blockchain technology across various industries in India, this trend is likely to continue and offer ample opportunities for individuals looking to build a successful career in this field.
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