Blockchain technology is the foundation of Web3, an idea many consider to be the next evolutionary step of the World Wide Web. This idea has taken the world by storm and sparked academic interest, leading to research into blockchain technology. These pockets of research have matured into some of the best PhDs in Blockchain.
Blockchain seeks to provide a secure, decentralized, and distributed database of digital ledgers separate from centralized organizations. This article examines the best blockchain PhDs you can obtain to contribute to developing and advancing this emerging technology. It also shows you the best blockchain jobs waiting for you upon graduation.
What Is a PhD in Blockchain?
A PhD in Blockchain is a postgraduate degree awarded to those who have completed either a research project or doctoral program in blockchain technology and other related fields. This degree is the highest academic qualification you can achieve in blockchain. A blockchain PhD program offers many areas of specialization, from computer science to business and finance.
How to Get Into a Blockchain PhD Program: Admission Requirements
The admission requirements to get into a blockchain PhD program are a bachelor’s degree and/or a master’s degree in any field related to blockchain, a proposal letter to your intended supervisor, and your undergraduate and master’s academic transcripts.
Other admission requirements include a language proficiency certification for non-native English speakers, recommendation letters, and a minimum undergraduate GPA. Many schools also request proof of sufficient funding to cover the duration of your program. In addition to these requirements, you will have to demonstrate knowledge of topics related to the specific program.
PhD in Blockchain Admission Requirements
- Bachelor’s or master’s degree in blockchain or related fields
- Undergraduate and master’s academic transcripts
- A proposal letter to your intended supervisor
- Language proficiency certification (for international students)
- Sufficient funds to cover the duration of your program
Blockchain PhD Acceptance Rates: How Hard Is It to Get Into a PhD Program in Blockchain?
It is not very hard to get into a PhD program in blockchain. Blockchain is a relatively new field and it is not yet established as an independent field of study. Consequently, you have to major in another program and study blockchain as a concentration. Note that some of these programs tend to be competitive and accept only the very best of all applicants.
How to Get Into the Best Universities
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Best PhDs in Blockchain: In Brief
School | Program | Online Option |
---|---|---|
Columbia University | PhD in Computer Science | No |
Fordham University | PhD in Business | No |
Massachusetts Institute of Technology | MIT Sloan PhD | No |
Stanford University | PhD in Computer Science | No |
University of Bern | PhD in Computer Science | No |
University of British Columbia | PhD in Electrical and Computer Engineering | No |
University of California, Berkeley | PhD in Finance | No |
University of California, Los Angeles | PhD in Computer Science | No |
University of Edinburgh | PhD in Cyber Security, Privacy, and Trust | No |
University of Portsmouth | PhD in The Economics of FinTech and Digital Money | No |
Best Universities for Blockchain PhDs: Where to Get a PhD in Blockchain
The best universities for blockchain PhDs are those that have a strong research focus on blockchain technology and its impact on finance. Most of them feature a research center or laboratory dedicated to blockchain, cryptography, and digital currency research. If you’re wondering where to get a PhD in Blockchain, this section examines the best available options.
Can You Get a PhD in Blockchain Online?
Yes, you can get a PhD in Blockchain online. Blockchain is a suitable field for online studies due to its digital nature. Several schools provide online PhD programs with blockchain courses where you can conduct research using a flexible schedule. The following section outlines some of these schools and the programs they offer.
Best Online PhD Programs in Blockchain
School | Program | Length |
---|---|---|
Bircham International University | Online Doctor PhD Degree in Cryptocurrency | 2 years |
Erasmus Research Institute of Management | Online PhD in Business and Management – Cryptocurrency and Blockchains specialization | Summer program |
How Long Does It Take to Get a PhD in Blockchain?
It generally takes five years to get a PhD in Blockchain. You will spend the first year meeting with your supervisor and attending lectures. In the second to fourth years, you will conduct research, collect results, and plan your thesis layout. During the fifth year, you will spend much of your time writing your thesis and completing any research.
A PhD takes noticeably longer than a master’s degree to complete because it is an advanced degree and requires extensive study. You have to present satisfactory research results to the examining body to get approval for your degree. Moreover, your program duration may increase if you do not complete your research within the allocated time.
Is a PhD in Blockchain Hard?
No, a PhD in Blockchain is not hard. Most blockchain PhDs research the societal, economic, and financial impact of blockchain without delving deep into its technological aspects. This research direction is relatively easier to pursue compared to other blockchain PhDs.
Nevertheless, you should note that blockchain involves some advanced concepts like applied cryptography, smart contracts, and distributed ledger technology. PhDs in these research areas may seem challenging, but your program’s faculty can aid in your research. You can also use online resources to guide you on how to learn blockchain technology.
How Much Does It Cost to Get a PhD in Blockchain?
It costs between $1,000 and $80,000 per year to get a PhD in Blockchain. The exact cost depends on your university and program of study. Generally, private universities cost more money to attend than public universities.
In many US universities, rather than you paying for the program, the school pays you a monthly stipend. This arrangement is tailored more to research PhDs than academic PhDs. These funding options are worthwhile to consider when searching for funding for your degree.
How to Pay for a PhD in Blockchain: PhD Funding Options
The PhD funding options that students can use to pay for a PhD in Blockchain include research grants from the government or university, scholarships, tuition waivers from the university, and salaried research fellowship positions. In rare cases, your supervisor might make a special request for you as a research student and offer to bear the cost of your education.
Best Online Master’s Degrees
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What Is the Difference Between a Blockchain Master’s Degree and PhD?
The difference between a blockchain master’s degree and a PhD is the length of study. A master’s degree in blockchain usually requires one to two years of study with a semester-long thesis concluding the program. On the other hand, a PhD in Blockchain requires three to five years of advanced research and results in peer-reviewed publications.
Another difference is that a master’s degree is more career-oriented and provides more employment opportunities. A PhD is research-oriented and focuses more on contributing to the blockchain field. Finally, a PhD is a higher academic qualification than a master’s and costs more money to attain.
Master’s vs PhD in Blockchain Job Outlook
A PhD in Blockchain is most useful when you want to pursue a career in academia like lecturing or a research fellowship. Corporations usually do not require a higher qualification than a master’s degree. The Bureau of Labor Statistics projects a 12 percent job growth for blockchain academic positions through 2030.
Difference in Salary for Blockchain Master’s vs PhD
The average salary for a Master’s Degree in Blockchain or other related fields is $107,000, while the average salary for a PhD in the same fields is $133,000, according to PayScale. This significant difference shows the prestige proffered upon a PhD by employers. Job seekers with a blockchain PhD get more offers for senior positions than their contemporaries with a master’s degree.
Unfortunately, these figures do not tell the entire story. Corporate jobs that require a PhD qualification are few and far between, hence the lucrative salary. Many blockchain PhD holders have to settle for jobs that they are overqualified for or go into academia. However, you should know that most blockchain jobs that do not need a PhD still have salaries much higher than the national average.
Related Blockchain Degrees
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Why You Should Get a PhD in Blockchain
You should get a PhD in Blockchain because it enables you to contribute to the development of revolutionary blockchain technology. An undergraduate or Master’s Degree in Blockchain will only teach you how to use the technology developed by others. Other reasons why you should get a PhD in Blockchain are listed below.
Reasons for Getting a PhD in Blockchain
- Academic Recognition. Blockchain is an emerging field with relatively few people pursuing an advanced degree, meaning fewer competitors. If you get a PhD in this field, you can gain recognition among the world’s leading blockchain experts.
- Lucrative Job Opportunities. The jobs available to a blockchain PhD holder have some of the best salaries when weighed against the national average. Furthermore, companies are more likely to employ PhD holders in senior blockchain positions.
- Travel Experience. Pursuing a blockchain PhD often involves moving to other cities or even countries. This program will grant you the opportunity to gain life experiences to bolster your academic prospects.
- Valuable Connections. During your PhD program, you will work with an amazing team of researchers and make new connections. By the end of your program, you will have developed an extensive peer network that can assist you throughout your career.
Getting a PhD in Blockchain: Blockchain PhD Coursework
Getting a PhD in Blockchain means that you have to satisfy several graduation requirements. One of those requirements is that you complete the blockchain PhD coursework. The following section describes some of the blockchain courses you will encounter in a typical curriculum for this program.
Cryptocurrency and Blockchains
This course introduces students to concepts such as cryptocurrency, blockchain fundamentals, smart contracts, digital assets, and decentralized finance. It also studies the applications of FinTech in real estate, banking, and corporate finance. Students will also learn the usefulness of FinTech in their personal finances and investments.
Blockchain in Business Research
In this course, students will learn how to develop conceptual and practical business solutions. In addition, they will examine the inner workings of blockchain technology and its effects on a business model. This course will explain the paradigm shifts occurring from economics, organizational, and computer science viewpoints.
Blockchain Ethics
This course examines the impact blockchain technology has on modern society. Students will learn how blockchain technologies like cryptography and artificial intelligence influence the evolution of blockchain organizations. Students will also explore the history and philosophy of blockchain as well as methods to shape this technology.
Introduction to Cryptography
Students will develop a background in cryptography from this course. This course explains cryptography for blockchains primitives and how to use them correctly. At the end of this course, you will understand several cryptographic techniques and their applications. This course is very complex, and you will need supplementary training from external cryptography bootcamps.
The Blockchain Ecosystem and Applications
This course examines the stakeholders that make up the global blockchain community and their roles, incentives, and organizational dynamics. Students learn strategies to apply blockchain technology in cryptocurrencies and digital assets, governance, and economics.
Best Master’s Degrees
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How to Get a PhD in Blockchain: Doctoral Program Requirements
Knowing how to get a PhD in Blockchain goes beyond enrolling in your program and writing a dissertation. There are several other hurdles to jump over to become a successful candidate. Every university uses its own set of doctoral program requirements and the following list highlights the prerequisites common to all universities.
Potential Careers With a Blockchain Degree
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PhD in Blockchain Salary and Job Outlook
Blockchain is revolutionizing the Internet, and we are only just beginning to understand its potential impact on every facet of a modern economy. To this effect, Indeed states that employers are willing to pay an annual salary of up to $130,000 to employees with a blockchain PhD.
What Can You Do With a PhD in Blockchain?
With a PhD in Blockchain, you can work as a researcher or a postsecondary teacher in academia. You can also use the mathematics and programming skills gained during your study to work as a cryptographer or software engineer. The blockchain PhD curricula also equip you with the skills needed for success in a blockchain engineering position.
Best Jobs with a PhD in Blockchain
- Blockchain Engineer
- Cryptographer
- Software Engineer
- Blockchain Postsecondary Teacher
- Blockchain Researcher
What Is the Average Salary for a PhD in Blockchain?
The average salary for a PhD in Blockchain holder is $110,140, according to the Bureau of Labor Statistics. You can earn more than this amount depending on your employer, job location, and experience. As this is a rapidly advancing field, the job prospects and average salary are unsurprisingly lucrative.
Highest-Paying Blockchain Jobs for PhD Grads
Blockchain PhD Jobs | Average Salary |
---|---|
Blockchain Researcher | $131,490 |
Blockchain Engineer | $110,140 |
Software Engineer | $110,140 |
Cryptographer | $102,600 |
Blockchain Postsecondary Teacher | $79,640 |
Best Blockchain Jobs with a Doctorate
The best blockchain jobs with a doctorate are jobs that have a very lucrative salary and working benefits. They are likely to be in high demand for several years and have numerous open positions presently. These jobs make full use of the doctorate qualification without leaving employees feeling overqualified.
Is a PhD in Blockchain Worth It?
Yes, a PhD in Blockchain is worth it. Blockchain is not just the future of the Internet, it is the present and there is plenty of room for the development of this technology. This means that there are ample opportunities for you to contribute to this field. It also indicates that there are lucrative jobs available to you.
If you have decided to pursue a blockchain PhD, this article should guide you in choosing the best university for your studies. Moreover, the job opportunities and attractive salaries shared above should help sway you if you are undecided.
Additional Reading About Blockchain
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PhD in Blockchain FAQ
Blockchain is relevant because it offers a viable alternative to the current method of handling data. Blockchain provides a data network that is accessible, secure, immutable, and decentralized. When combined with cryptography, blockchain forms the foundation for all types of digital currency.
No, you don’t need a computer science background to earn a blockchain PhD. If you already have your master’s and undergraduate degrees in other areas of study, you can still obtain a blockchain PhD. You can conduct your research on blockchain concepts such as business, finance, law, and sociology.
No, blockchain is not the same as cryptocurrency, but rather is the technology behind cryptocurrency. Blockchain was specifically invented to power the first and largest cryptocurrency, Bitcoin. However, it has since evolved beyond that application and can operate anywhere a secure, decentralized database is needed.
Yes, you can get a blockchain job without a PhD in Blockchain. The majority of blockchain jobs do not require a PhD. Several of them do not even require any academic qualifications. Nonetheless, you need to demonstrate your expertise in blockchain and its related fields. You can do so by obtaining a certification from some of the best blockchain bootcamps available.
About us: Career Karma is a platform designed to help job seekers find, research, and connect with job training programs to advance their careers. Learn about the CK publication.