US Crypto Companies Offer Higher Salaries Than International Competitors
A recent survey has revealed that US-based crypto companies tend to offer higher salaries compared to their international counterparts. The study, which covered 49 portfolio companies in 2023, found that US crypto salaries exceed those abroad by an average of 13%. Additionally, equity and token packages in the US are 30% more generous than those offered overseas.
Entry-Level Salaries for Crypto Engineers
According to the data, entry-level crypto engineer positions in the US have salaries ranging between $105,000 to $154,000. In comparison, similar roles overseas offer salaries between $86,000 to $136,000.
Salaries for Founders of Startups
For founders of seed-stage startups, US-based executives typically receive around $143,900. This amount is slightly higher than their counterparts overseas who earn about $140,000. However, as startups progress to the Series C level, US founders can potentially earn up to $300,000.
The survey also found that three-quarters of all companies were recruiting talent from outside the US, regardless of their size, stage, or funding. Interestingly, US-based companies hiring domestically seemed less likely to adjust salaries based on the cost of living. On the other hand, for US companies hiring internationally, half adjusted salaries for the cost of living while the other half did not.
Fiat vs. Crypto in Corporate Compensation
The survey revealed that most companies prefer fiat currency for payments. However, overseas companies are more likely to pay employees with crypto, particularly USDC (USD Coin). These companies often use crypto to streamline cross-border transactions and mitigate exchange rate fluctuations.
Furthermore, the survey found that overseas companies are generally more open to adopting tokens, with a higher proportion already using or planning to introduce one. In contrast, US-based companies appear more hesitant, with many choosing not to pursue tokenization initiatives. This difference in approach may be influenced by varying regulatory environments, with the US perceived as having a more stringent stance compared to jurisdictions like the EU.
Salary Adjustments for Cost of Living
The majority of companies, especially in their early stages, tend not to adjust salaries for the cost of living. However, as companies progress and mature, it becomes increasingly common for them to consider adjusting salaries based on the cost of living.
Hot Take: US Crypto Sector Employees Enjoy Higher Salaries Than Overseas Competitors ๐
A recent survey has revealed that US-based crypto companies offer higher salaries across various positions and experience levels compared to their international counterparts. Here are some key findings:
- US crypto salaries are on average 13% higher than those abroad.
- Equity and token packages in the US are 30% more generous.
- Entry-level crypto engineer positions in the US have salaries ranging between $105,000 to $154,000.
- Founders of seed-stage startups in the US typically receive around $143,900.
- As startups progress to the Series C level, US founders can potentially earn up to $300,000.
The survey also highlighted the following trends:
- Three-quarters of all companies were recruiting talent from outside the US.
- US-based companies hiring domestically were less likely to adjust salaries based on the cost of living.
- Overseas companies are more likely to pay employees with crypto, particularly USDC.
- Overseas companies are generally more open to adopting tokens.
- As companies progress and mature, it becomes increasingly common for them to consider adjusting salaries based on the cost of living.
Overall, US crypto companies offer attractive compensation packages, making it an appealing destination for professionals in the industry. However, as the crypto sector continues to evolve, it will be interesting to see how compensation trends develop both in the US and internationally.
Hot Take: US Crypto Sector Employees Enjoy Higher Salaries Than Overseas Competitors ๐
A recent survey has revealed that US-based crypto companies offer higher salaries across various positions and experience levels compared to their international counterparts. Here are some key findings:
- US crypto salaries are on average 13% higher than those abroad.
- Equity and token packages in the US are 30% more generous.
- Entry-level crypto engineer positions in the US have salaries ranging between $105,000 to $154,000.
- Founders of seed-stage startups in the US typically receive around $143,900.
- As startups progress to the Series C level, US founders can potentially earn up to $300,000.
The survey also highlighted the following trends:
- Three-quarters of all companies were recruiting talent from outside the US.
- US-based companies hiring domestically were less likely to adjust salaries based on the cost of living.
- Overseas companies are more likely to pay employees with crypto, particularly USDC.
- Overseas companies are generally more open to adopting tokens.
- As companies progress and mature, it becomes increasingly common for them to consider adjusting salaries based on the cost of living.
Overall, US crypto companies offer attractive compensation packages, making it an appealing destination for professionals in the industry. However, as the crypto sector continues to evolve, it will be interesting to see how compensation trends develop both in the US and internationally.
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