Coinbase offers $900,000 a year for infrastructure engineer job … – The Business Journals

Coinbase Global Inc. is reportedly spending a lot of money to attract tech workers.
The cryptocurrency exchange operator is offering prospective employees as much as $900,000 a year in total compensation, according to a report from Blind, which offers a service where workers can anonymously comment on their workplaces and share their salaries.
While that figure is likely toward the top of its range, it’s not unusual for Coinbase to offer high-end salaries, according to Blind.
In the last month, the formerly San Francisco-based company has offered a potential employee $672,550 a year to be an infrastructure engineer, according to a post the worker made on Blind. That compensation includes a $237,000 base salary, a $35,550 cash bonus and $400,000 in stock-based compensation.
In the San Francisco metropolitan area, the median pay for a computer network architect — the closest match to an infrastructure engineer — was $148,250 in 2020, according to data from the US Bureau of Labor Statistics.
Coinbase representatives did not immediately respond to a request for comment.
Meanwhile, Coinbase (Nasdaq:COIN) offered another potential hire $464,500 a year for a senior staff software engineer position, according to a separate Blind post. That amount included a base salary of $230,000, a cash bonus of $34,500 and $200,000 in stock-based compensation.
The company also offered $401,600 in total annual compensation for a senior software engineer job and $362,000 for a senior protocol engineer position, according to Blind posts.
Software engineers at Coinbase earn a median base salary of $185,000 per year, an amount that excludes cash bonuses or stock-based compensation, according to Blind data. In 2020, the median pay for software developers in the San Francisco metropolitan area was $144,740, an amount that includes bonuses and other performance-based incentive compensation, according to the BLS data.
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