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Blockchain Associate Average Salary in India 2024

How much money does a person working as Blockchain Associate make in India?


Average Monthly Salary
30,100 INR
( 361,000 INR yearly)

LOW
15,600
INR
AVERAGE
30,100
INR
HIGH
46,000
INR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Blockchain Associate in India typically earns around 30,100 INR. Salaries range from 15,600 INR (lowest) to 46,000 INR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Blockchain Associate salaries in India vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Blockchain Associate Pay Scale and Salaries in India

Median and salary distribution India Blockchain Associate monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
27,200 INR or more
10% of people earn
24,300 to 27,200 INR
20% of people earn
17,700 INR or less
65% of people earn
17,700 to 24,300 INR
Minimum Salary
15,600 INR
Median
27,400 INR
Maximum
46,000 INR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Blockchain Associate in India range from 15,600 INR (starting salary) to 46,000 INR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 27,400 INR, half of the professionals who work as Blockchain Associate in India earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Blockchain Associate in India earn less than 22,700 INR, while 75% earn more. Similarly, the chart shows that 75% earn less than 31,000 INR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Blockchain Associate in India compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 17,700 INR to 24,300 INR. About 20% of salaries are below the 17,700 INR mark, while 10% fall within the range of 24,300 INR to 27,200 INR. Only 5% of individuals have salaries exceeding 27,200 INR.

Salary Comparison by Years of Experience / Blockchain Associate / India

How do experience and age affect pay?

0 - 2 Years
17,800 INR
2 - 5 Years+34%
23,800 INR
5 - 10 Years+30%
31,000 INR
10 - 15 Years+21%
37,500 INR
15 - 20 Years+9%
41,000 INR
20+ Years+5%
43,100 INR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly India Blockchain Associate
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Blockchain Associate and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 17,800 INR.

While someone with an experience level between two and five years is expected to earn 23,800 INR, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 31,000 INR, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 37,500 INR, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 41,000 INR, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 43,100 INR, 5% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Blockchain Associate / India

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Blockchain Associate.

Certificate or Diploma
21,100 INR
Bachelor's Degree+52%
32,000 INR
Master's Degree+42%
45,400 INR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly India Blockchain Associate
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Blockchain Associate in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 21,100 INR.


Level 2: Bachelor's Degree

At this level, the average salary becomes 32,000 INR, 52% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 45,400 INR, 42% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in India costs anywhere from 160,000 INR to 481,000 INR and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Blockchain Associate / India

Salary comparison by gender India Blockchain Associate monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Blockchain Associate in India, the average difference between the salary of male and female employees is 12%.

Male
32,100 INR
Female-10%
28,800 INR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in India for all Careers

Salary comparison by gender monthly India
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Average Annual Salary Increment Percentage / Blockchain Associate / India

How much are annual salary increments in India for individuals working as Blockchain Associate? How often do employees get salary raises?

Individuals working as Blockchain Associate in India are likely to observe a salary increase of approximately 11% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate India Blockchain Associate
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

India / All Professions

Annual Salary Increment Rate India
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in India is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Blockchain Associate / India

How much and how often are bonuses being awarded?Annual Salary Bonus Rate India Blockchain Associate
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47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
53%
No Bonus
47%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Blockchain Associate / India


170 INR per hour

The average hourly wage (pay per hour) for individuals working as Blockchain Associate in India is 170 INR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Blockchain Associate in India is 90 INR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Information Technology-100%
A/B Testing Specialist26,100 INR-13%
Applications System Specialist26,900 INR-11%
Artificial Intelligence / Machine Learning Analyst34,000 INR+13%
Artificial Intelligence / Machine Learning Developer32,300 INR+7%
Artificial Intelligence / Machine Learning Ethics Officer38,700 INR+29%
Artificial Intelligence / Machine Learning Governance Specialist42,800 INR+42%
Artificial Intelligence / Machine Learning Implementation Officer43,200 INR+44%
Artificial Intelligence / Machine Learning Lead45,100 INR+50%
Artificial Intelligence / Machine Learning Officer44,200 INR+47%
Artificial Intelligence / Machine Learning Prompt Specialist29,500 INR-2%
Artificial Intelligence / Machine Learning Research Scientist41,300 INR+37%
Artificial Intelligence / Machine Learning Sales34,200 INR+14%
Artificial Intelligence / Machine Learning Software Engineer34,000 INR+13%
Artificial Intelligence / Machine Learning Strategist45,600 INR+52%
Artificial Intelligence / Machine Learning Trainer32,800 INR+9%
Artificial Intelligence and Machine Learning Specialist37,100 INR+23%
Artificial Intelligence Developer37,100 INR+23%
Blockchain Associate30,100 INR+0%
Blockchain Developer28,100 INR-7%
Blockchain Engineer30,600 INR+2%
ChatGPT Expert27,600 INR-8%
Computer Animator26,900 INR-11%
Computer Engineer25,700 INR-15%
Computer Hardware Engineer25,700 INR-15%
Computer Operator21,000 INR-30%
Computer Support Specialist24,500 INR-19%
Computer Technician24,100 INR-20%
Copy Editor25,700 INR-15%
Data Center Specialist31,300 INR+4%
Data Center Technician26,900 INR-11%
Data Visualization Specialist30,400 INR+1%
Deep Learning Developer30,100 INR+0%
Digital Ethics Consultant34,200 INR+14%
Documentation Specialist26,900 INR-11%
Ethical Hacker27,700 INR-8%
GIS Analyst27,700 INR-8%
Global BI Analyst32,900 INR+9%
Hardware Design Engineer29,700 INR-1%
Hardware Technician23,800 INR-21%
Help Desk Analyst29,300 INR-3%
Informatics Optimization Specialist31,300 INR+4%
Information Assurance Analyst31,700 INR+5%
Information Technology Infrastructure Engineer26,900 INR-11%
Information Technology Quality Specialist30,900 INR+3%
Information Technology Trainer31,700 INR+5%
Interface Designer24,900 INR-17%
Microsystems Engineer30,500 INR+1%
Mobile Interface Designer30,600 INR+2%
Neural Network Engineer34,900 INR+16%
Numerical Control Programmer25,300 INR-16%
Records Manager25,700 INR-15%
Robotic Process Automation Compliance Analyst29,500 INR-2%
Scrum Master24,900 INR-17%
Software Sales27,700 INR-8%
Software Specialist26,900 INR-11%
Software Tester26,100 INR-13%
Storage Engineer25,300 INR-16%
Systems Engineer24,900 INR-17%
Systems Integrator30,100 INR+0%
Technical Sales29,700 INR-1%
Technical Trainer31,300 INR+4%
Technical Writer27,300 INR-9%
Tester25,700 INR-15%
Usability Engineer29,300 INR-3%
User Experience Consultant32,300 INR+7%
User Experience Design Expert32,100 INR+7%
User Experience Researcher32,300 INR+7%
User Interface Designer29,300 INR-3%
Video Game Designer26,500 INR-12%
Virtual / Augmented Reality Architect37,500 INR+25%
Virtual / Augmented Reality Compliance Specialist36,600 INR+22%
Virtual / Augmented Reality Consultant41,300 INR+37%
Virtual / Augmented Reality Designer40,400 INR+34%
Virtual / Augmented Reality Developer35,600 INR+18%
Virtual / Augmented Reality Engineer36,100 INR+20%
Virtual / Augmented Reality Filmmaker43,700 INR+45%
Virtual / Augmented Reality Game Developer37,100 INR+23%
Virtual / Augmented Reality Marketing Specialist39,400 INR+31%
Virtual / Augmented Reality Officer43,200 INR+44%
Virtual / Augmented reality Sales Consultant43,700 INR+45%
Virtual / Augmented Reality Simulator Operator30,400 INR+1%
Virtual / Augmented Reality Specialist37,300 INR+24%
Virtual / Augmented Reality Technician31,800 INR+6%
Virtual / Augmented Reality Trainer41,600 INR+38%
Virtual / Augmented Reality User Experience Designer32,100 INR+7%
Visual Information Specialist28,100 INR-7%
Voice Interface Designer24,700 INR-18%
Writer and Documentor26,900 INR-11%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in India is 5% on average across all career fields.

Private Sector
31,100 INR
Public Sector+5%
32,800 INR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Blockchain Associate in India?

A good and competitive compensation would range anywhere between 27,400 INR and 31,000 INR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Blockchain Associate in India ranges from 15,600 INR to 22,700 INR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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