This is your pay in quantum computing
It's not just Google that's going big on quantum computing. Amazon web services (AWS) announced a selection of measures to accelerate its use of quantum computing yesterday, including a solutions lab, an academic quantum computing center and an AWS service that will allow users to experiment with computers from quantum hardware providers. Quantum computing is slowly becoming a reality.
It's a transition that hasn't escaped the attention of investment banks. As we reported in October, Goldman Sachs has been looking for someone to lead its quantum computing unit, which already employs Stanford PhD Rajiv Krishnakumar. JPMorgan has a quantum recruiting researcher in the form of Nikitas Stamatopoulos (a Dartmouth PhD) in New York and hired a quantum computing researcher in New York in March on a salary of $150k according to the H1B database.
One of the biggest recruiters of quantum computing talent in the U.S. this year, however, has been IBM (which recently cast aspersions on Google's claim to have achieved quantum supremacy). The technology company employs hundreds of people in a quantum research lab and is preparing to launch a 53 qubit quantum computer. It's reportedly already using quantum computers to generate games reminiscent of Minecraft. In September, it opened a quantum computation center in New York City and is running quantum internships. It's also partnering with Wells Fargo...
How much can you earn working in quantum computing for IBM? The H1B salary database offers a few pointers: IBM recruited five people on H1B visas to its quantum recruiting team this year.
They include: three quantum solutions developers in Yorktown Heights, on salaries of between $120k and $125k, one quantum applications researcher in San Francisco on a salary of $250k, and one quantum computing applications researcher in San Jose on a salary of $145k.
The H1B database (which may understate the average as visa holders could be willing to accept lower salaries simply in order to enter the U.S.) suggests salaries of between $120k and $150k are currently the norm for quantum computing expertise. However, this is likely to rise as quantum computing develops and real-world applications proliferate.
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