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What’s the Average AI Engineer Salary in 2024?

Table of Content:

• What is AI?
• Growing demand for AI engineers
• Job roles for an AI Engineer
• Salaries for AI Engineers
• Factors Affecting AI Engineer Salaries
• Demand and growth in the AI Engineering career
• Skills needed for an AI Engineer
• Tips for Negotiating an AI Engineer Salary
• Conclusion
• FAQs

Technology has transformed our world, and with the advent of Web 3.0, a range of new opportunities are opening up for creators and engineers alike. 

Artificial Intelligence & Machine Learning, especially, have been leading the wave of change and innovation across industries. Businesses are promptly adapting the technology across their entire value chain to elevate their products, optimize their processes, and increase their output. 

The algorithms for them are programmed to mirror an actual human’s intelligence and decision-making power. They ingest and process large amounts of data to identify patterns in it, and based on insights drawn, predict future scenarios from it. 

For example, image recognition tools can learn to identify and name different objects in a picture after they’ve gone through millions of samples. 

Now that you know what AI/ML programs are capable of, let’s learn about the people who build these programs. 

AI engineers are responsible for building models and systems that enable and power AI applications. They apply ML techniques like natural language processing and neural networks to build AI applications for different use-cases. 

Some of the application types that AI engineers create are:

• Personalized advertising based on customer sentiment analysis
• Language translation 
• Visual identification or perception of objects

Want to know more about an AI engineer? Keep reading to learn interesting information about the roles and responsibilities, salaries, in-demand skills, and more about AI engineers! 

What is AI?

AI, or Artificial Intelligence, refers to the development and implementation of computer systems that can perform tasks that typically require human intelligence. It involves simulating human cognitive functions such as learning, reasoning, problem-solving, and decision-making. AI systems are designed to analyze vast amounts of data, recognize patterns, and make predictions or take actions based on the insights gained.

The average AI engineer salary varies depending on factors such as experience, qualifications, location, and industry. Generally, AI engineers command higher salaries compared to traditional software engineers due to the demand and scarcity of talent in the field.

In summary, AI refers to the development of intelligent computer systems that replicate human cognitive abilities. AI engineers play a crucial role in this field, and AI engineer salaries reflect the high demand for their specialized skills. With its broad applications, AI is reshaping industries and presenting exciting possibilities for the future. Let’s read about the growing demand for ai engineer salary. Read more about AI vs ML.

Growing demand for AI engineers

The field of AI is experiencing a significant surge in demand for skilled professionals, particularly AI engineers. The growing adoption of AI technologies across industries has created a need for experts who can develop, implement, and maintain AI systems. This high demand is reflected in the rising salaries for AI engineers. Explore more on Data Science and Machine Learning.

AI engineer salary or artificial intelligence salary are competitive and often exceed the average salaries in the software engineering field. The exact range for AI engineer salary or artificial intelligence salary varies depending on factors such as experience, location, industry, and level of expertise. Companies are willing to offer attractive compensation packages to secure top AI talent and remain competitive in the market.

The demand for AI engineers is driven by the transformative potential of AI technologies. Industries such as healthcare, finance, e-commerce, and manufacturing are leveraging AI to gain insights from data, automate processes, improve decision-making, and enhance customer experiences. As a result, organizations are seeking skilled professionals who can design and implement AI solutions that address their specific needs.

Also read about: Expert System in Artificial Intelligence

Importance of understanding the average salary range

Understanding the average range AI engineer salary or artificial intelligence salary is of utmost importance for professionals, especially when considering a career path like AI engineering. Knowing the average range of AI engineer salary or artificial intelligence salary provides valuable insights into the compensation one can expect in a specific field and helps in making informed career decisions.

When it comes to AI engineering, understanding the average range for AI engineer salary or artificial intelligence salary is crucial. It helps professionals assess the financial prospects and benefits associated with pursuing a career in this field. The average range of AI engineer salary or artificial intelligence salary serves as a benchmark, indicating the level of remuneration one can anticipate based on their skills, experience, and expertise.

By having a clear understanding of the average AI engineer salary or artificial intelligence salary, individuals can negotiate better job offers and make informed decisions when considering job opportunities. It enables them to gauge their market value and ensure they are being compensated fairly for their skills and contributions.

Job roles for an AI Engineer

Before looking at the ai engineer salary structure let’s firstly look at the job roles. Artificial Intelligence Engineer is a broad term. However, there are numerous roles associated with the job profile. Moreover, every role has its unique features. We have mentioned them below:

• Software Engineer: As a software engineer, you have to manage databases and develop software. 

• Research Scientist: As we all know, data plays a huge role in AI. Research scientists analyze and design the data in a structured form. 

• QA Analyst: A QA analyst checks the quality of software and ensures that it is foolproof so there are no glitches. 

• Software Development Manager: A software development manager manages the whole project and ensures there are no bugs in the execution. 

Salaries for AI Engineers

There is a rise in the demand for AI engineers all over the world. In the field of data science, AI is at its peak, which is why the AI engineer salary in India is fairly decent.

You may find some variations in the salary based on location, experience, and role. We have mentioned the artificial intelligence engineer salary based on various factors:

1. Artificial Intelligence salary based on location

Bangalore is known as the Silicon Valley of India. The salary structure of AI specialists in this city is quite high compared to other tech cities in the country. The average salary of artificial intelligence engineers is 8.80 LPA in Bangalore. Additionally, this city is among the top preferences for AI specialists. 

The next city is Chennai. Here the average salary of an artificial engineer is 7.3 LPA. Again, this is a decent package you can get in the field. However, other factors shall also be taken into consideration, like experience, skills, etc. 

Compared to these two cities, you will get a relatively lower package in Mumbai. The salary bracket for the above role is 6.40 LPA in this city.

In the rest of the country, the average package for artificial intelligence engineers is around 5.5 LPA. This can increase or decrease depending on several other factors like experience, skills, past performance, etc. 

Also read about: 12 Ultimate Machine Learning Projects Ideas for Beginners 

2. Artificial Intelligence salary based on experience

There is a huge demand for Artificial Intelligence engineers. If you have good experience in the field, then companies are willing to fork out competitive salaries.

However, your experience should properly certify how beneficial you are to the company and what value you can bring to the table.

If you are a beginner, you will get an average salary of 6 LPA. Moreover, if you are extremely skilled, you can get a package of up to 12 LPA from industry giants such as Amazon, Google, Facebook, Flipkart, etc.

If you have 2-4 years of experience, you might get a salary ranging from 7 to 20 LPA. For senior-level specialists, this figure can go up to 30 to 50 LPA. 

3. Artificial Intelligence salary based on role

As mentioned earlier, AI engineering is a broad term, and there are several roles associated with it. Therefore, your salary will also be based on the role you are performing in the company: Let’s look at the ai engineer salary based on job role:

The AI engineer salary or artificial intelligence salary is influenced by various factors that determine their earning potential in the field. Understanding these factors is essential for professionals to navigate the job market effectively and negotiate competitive compensation packages. 

1. Experience: Experience plays a crucial role in determining AI engineer salary or artificial intelligence salary. Generally, professionals with more years of experience in AI and related fields command higher salaries. As engineers gain hands-on experience and expertise in designing and implementing AI solutions, their value in the job market increases.
2. Skillset and Expertise: The specific skills and expertise possessed by AI engineers significantly impact AI engineer salary or artificial intelligence salary. Proficiency in machine learning, deep learning, natural language processing, computer vision, and data analytics are highly valued. AI engineers with specialized knowledge and certifications in these areas often command higher salaries due to the scarcity of talent in these niche fields.
3. Industry and Company Size: The industry and the size of the employing company can affect AI engineer salary or artificial intelligence salary. Industries at the forefront of AI adoption, such as technology, finance, healthcare, and e-commerce, tend to offer higher salaries to attract skilled professionals. Larger companies often have larger budgets and can offer more competitive compensation packages.

Also read more on Artificial Intelligence and Machine Learning.

Tips for Negotiating an AI Engineer Salary

Negotiating an AI engineer salary or artificial intelligence salary can be a critical step in securing a competitive compensation package that reflects your skills, experience, and value in the market. Here are some tips to help you navigate the negotiation process successfully:

1. Research Market Rates: Conduct thorough research on artificial intelligence salary trends and market rates in your specific location and industry. This information will provide you with a solid understanding of the typical salary range and help you set realistic expectations for negotiation.
   
2. Highlight Your Value: Clearly articulate your skills, experience, and achievements that make you a valuable asset to the organization. Emphasize how your expertise in artificial intelligence can contribute to their success, solve their business challenges, and drive innovation.
3. Showcase Accomplishments: Highlight your past accomplishments and projects in the AI field. Discuss how your work has positively impacted organizations, improved processes, or achieved significant results. This helps demonstrate the value you bring to the table and justifies a higher salary.
4. Consider Total Compensation: Look beyond just the base salary. Evaluate the entire compensation package, including bonuses, benefits, stock options, professional development opportunities, and work-life balance. Negotiating these aspects can enhance your overall financial package and job satisfaction.
5. Practice Effective Communication: Clearly communicate your expectations, but also be open to a constructive conversation. Listen to the employer’s perspective and be prepared to negotiate based on their constraints and priorities. Remain professional, confident, and respectful throughout the negotiation process.

Remember that negotiating an AI engineer salary or artificial intelligence salary is a two-way conversation. Aim for a mutually beneficial outcome that recognizes your value and aligns with the employer’s budget and expectations. With careful preparation, effective communication, and a strong understanding of market rates, you can increase your chances of securing a competitive salary package that reflects your expertise and contributions in the field of AI engineering.

Roles and responsibilities of an AI Engineer

Artificial Intelligence has been in discussion in the industry for a long time. Moreover, in the coming years, we will see the use of AI in several sectors. For example, your mobile phone camera now uses AI to detect objects.

If you are planning to get into this field, you must be aware of the roles and responsibilities of an AI Engineer:

• Understand the goals, challenges, and vision of the company and develop models accordingly. 
• Be responsible for creating and deploying AI software and programs. 
• Collaborate with other departments to identify gaps in the system where AI can streamline and optimize processes. 
• Develop, run, and test prototypes.
• Conduct appropriate research and development procedures for AI development and implementation strategies. 
• Be responsible for the improvements in pre-existing AI models. 
• Always be on top of the latest and upcoming AI trends. 
• Perform day-to-day tasks like AI strategy assessment, automation market, etc.

Demand and growth in the AI Engineering career

If you are in search of a safe and secure career option, then machine learning or artificial intelligence is definitely a safe bet to make.

In the last few years, we have seen tremendous growth in AI. A 2019 report from Gartner shows that the application of AI has increased by 270% in enterprises. 

Moreover, the International Data Council predicted that the use of AI software in India will rise to $6358.8 million by 2025. In addition, AI will generate jobs in several sectors such as banking, marketing, telecom, defense, and logistics. 

So you really don’t have to think about it too much – AI is indeed one of the best fields to choose as a career, and you have guaranteed growth in it. 

Skills needed for an AI Engineer

You need to be highly skilled as an Artificial Intelligence Engineer. Moreover, you need to upskill yourself with time since there are new findings in the tech sector every day.

If you want to land a job in this field with a decent salary, you must have certain technical and non-technical skills. 

Artificial Intelligence engineers need to be well-versed in a range of programming languages. At the same time, they should have a thorough knowledge of upcoming trends in AI and tech. Here’s is the list of the skills that can impact your AI engineer salary.

Technical skills needed for AI Engineers

• Programming languages: The top programming languages you need to learn as an AI Engineer are Python, Java, R, Prolog, Lisp, Julia, and Haskell. These languages are considered the best fit for developing AI algorithms in the industry.

• Algorithm and applied math: To be able to build AI algorithms, you need to have a good understanding of applied math concepts like Lagrange, Quadratic Programming, Summations, etc.
  

• Natural Language Processing skills: NLP constitutes two major elements of ML and AI: Linguistics and Computer Science. Thus, you must have a good understanding of techniques like Sentiment Analysis, Summarization, signal processing, and more.

• Deep learning and neural networks: Neural networks identify numerical data and patterns based on sensory input. When building speech and image recognition programs, you’ll have to apply your knowledge of deep learning neural networks.

• Calculus, statistics, and linear algebra: Having a good knowledge of metrics, derivations, and vectors is essential for an AI engineer. Moreover, one should also be an expert in statistical concepts like Gaussian Distribution, Mean, etc.

Non-technical skills

Along with technical skills, you need to have certain non-technical skills as well. Non-technical skills play an important role and add value to your personality.

• Communication: It doesn’t matter which field you are working in. Communication is key to everything, especially if you have to work in a collaborative environment.

• Prototyping: In machine learning, it is not possible to work on the best idea within the minimum time possible. However, with prototyping, you can develop different techniques and quicken the process. 

• Knowledge of the domain: You should have good knowledge of the domain in which you’re applying to be an AI engineer.

Say you’re applying for a job in the healthcare industry. You need to understand the problem statements in that industry and how AI technology can create optimal solutions. 

Conclusion

In conclusion, understanding the factors that influence AI engineer salary or artificial intelligence salary is essential for professionals seeking a career in this rapidly evolving field. Factors such as experience, skillset, education, location, and industry play a significant role in determining salary ranges for AI engineers. Professionals can maximize their earning potential by acquiring in-demand skills, gaining relevant experience, and continuously updating their knowledge to stay ahead in the competitive job market.

Negotiating an AI engineer salary or artificial intelligence salary requires effective communication, active listening, and a collaborative mindset. It is important to consider the entire compensation package, including benefits and other incentives, to assess the overall value of an offer.

Additionally, professionals should stay informed about the evolving landscape of artificial intelligence and its impact on job opportunities and salaries. As the demand for AI engineers continues to grow, salaries are likely to remain competitive, and professionals who continually enhance their skills and expertise will be well-positioned for rewarding careers.