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AI Scientist Salary in 2024 [Freshers & Experienced]
Published
23rd Dec, 2023
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Having honed your expertise in programming languages like Python, C++, TensorFlow, and PyTorch, along with exceptional data visualization skills and the ability to create machine learning models effortlessly, you might be curious about your earning potential in 2024 as a data scientist ready to leverage these skills. Well, you're in for a treat!
In this article, we're embarking on a salary tour for AI Scientists, delving into country-specific average salaries in the US, the UK, Germany, China, India, and even the global average. So, get ready for an enlightening journey!
The last decade has seen tremendous progress in improving artificial intelligence (AI) and its real-world applications. The latest technological developments are at least partly based on artificial intelligence. Whether it's high-level genetic research or your smartphone camera; Artificial intelligence is everywhere. And that is why, people with good AI knowledge are in high demand worldwide.
These professionals, conversationally known as “artificial intelligence engineers,” are typically computer science specialists who have completed postgraduate studies in artificial intelligence or have immense work experience in AI and Machine Learning. However, none of the above is mandatory. You can find many informative guides online that provide detailed information on how to become an AI engineer. Additionally, you can learn AI and become an AI engineer by taking top AI courses online.
AI Scientist Salary in 2024
One of the highest-paying professions in the world as of 2024 is that of an AI scientist. The market for AI jobs has experienced significant development as a result of the surge in demand for AI specialists.
1. AI Scientist Salary: Based on Experience
Undoubtedly, the salary increases with experience. Recent studies indicate that an experienced professional can earn more than $160,000 annually whereas an entry-level Data Scientist in the US can expect to make roughly $95,000. Let's investigate it globally in the following categories.
- Beginner: As per globally researched data by Glassdoor, beginner-level are earning average AI scientist salaries between $100,442 to $111,078.
- Intermediate: AI scientists having experience between 4-9 years may earn between $121,904 to $125,947.
- Advanced: Candidates having hardcore experience for more than 10 years, are likely to earn an average of $132,833.
2. AI Scientist Salary: Based on Location
Let's now investigate what is AI scientist's salary might be expected in various geographic locations throughout the world.
a. India
| City | Salary (Annual) | Top 3 Companies with Highest Salary Packages for AI Scientists. |
|---|---|---|
| Bangalore | Over ₹9,90,000 | Razorthink, IBM, HyperVerge |
| Hyderabad | Over ₹10,00,000 | ExaWizards, Redpine Signals |
| Mumbai | Ranging between 6 to 20 Lakhs | Carelon Global Solutions, Fractal Analytics, Aira Matrix |
| Chennai | Ranging between 6 to 16 Lakhs | Mindlogic, Juniper Networks, InGage Technologies, Carelon Global Solutions |
| Delhi | Ranging between 5 to 18 Lakhs | LuxPM, bOBBLE ai, MLAI Digital |
b. US
| City | Salary (Annual) | Top 3 Companies with Highest Salary Packages for AI Scientists. |
|---|---|---|
| San Jose, CA | $153,420 | Cisco Systems, PayPal, Adobe. |
| Oakland, CA | $151,675 | Pandora, Callisto Media, VSCO. |
| Seattle, WA | $147,475 | Amazon, Meta, Microsoft |
| Washington, DC | $148,339 | Oracle, Fannie Mae, Satmap |
| Los Angeles, CA | $190,463 | Snap Inc., Apple, Linkedin, Meta |
c. UK
| City | Salary (Annual) | Top 3 Companies with Highest Salary Packages for AI Scientists. |
|---|---|---|
| Edinburgh | £48,522 | University of Dundee, Lloyds Banking Group, Morgan Philips Group |
| London | £59,721 | Meta, Client Server, Deliveroo |
| Cambridge | £47,150 | Coburg Banks, IC Resources, AstraZeneca |
| Manchester | £46,639 | Oscar, UK Civil Service, Co-op Group |
d. Australia
| City | Salary (Annual) | Top 3 Companies with Highest Salary Packages for AI Scientists. |
|---|---|---|
| Brisbane QLD | $120,049 | Commonwealth Bank of Australia, Coles, ANZ |
| Melbourne VIC | $118,581 | Coles, ANZ, Flutter Entertainment |
| Canberra ACT | $118,367 | Coles, ANZ, CSIRO |
| Sydney NSW | $117,425 | Commonwealth Bank of Australia, Atlassian, WooliesX |
e. Canada
| City | Salary (Annual) | Top 3 Companies with Highest Salary Packages for AI Scientists. |
|---|---|---|
| Vancouver, BC | $104,424 | Shopify, Technical Safety Bc, Microsoft |
| Toronto, ON | $94,980 | Shopify, Wish.com, IBM |
| Montréal, QC | $91,418 | Shopify, Ericsson-Worldwide, Unity Technologies |
| Ottawa, ON | $116,012 | Shopify, IBM, Manulife |
f. Singapore
| City | Salary (Annual) | Top 3 Companies with Highest Salary Packages for AI Scientists. |
|---|---|---|
| Raffles | $9,311 | Standard Charted Bank,Apple, TikTok |
| Singapore | $8,699 | Standard Charted Bank,Apple, TikTok |
| Outram | $8,767 | Standard Charted Bank, Meta, Goldman Sachs |
Factors Affecting AI Scientist Salary
There are several factors affecting AI Scientist Salaries, let’s discuss some of them below:
1. Location
AI scientists in big tech hubs like Silicon Valley, New York City, and London usually earn more than those in other parts of the world. For example, the average salary for an AI scientist in the US is $120,000, while the average salary for an AI scientist in India is $60,000.
2. Industry / Employer / Company
The Artificial Intelligence industry is still relatively new, but it is growing rapidly. Therefore, there is a high demand for AI scientists in all industries, such as tech, finance, healthcare, and manufacturing. AI scientists who work for top tech companies like Google and Facebook typically earn more than those who work for traditional industries.
3. Experience
AI scientists with more experience typically earn more than those with less experience. For example, an AI scientist with 5+ years of experience can expect to earn an average salary of $150,000, while an AI scientist with less than 2 years of experience can expect to earn an average salary of $100,000. Alongside, you can go for the best Data Science courses online to boost your knowledge and salary figure.
4. Demand and Supply
High demand for AI researchers and a plenty availability of qualified candidates are driving up salaries. As the AI industry continues to grow, salaries for AI researchers are expected to continue to rise.
5. Credentials / Certifications
With advanced degrees and certifications, AI scientists typically earn more than those without them. For example, an AI scientist with a PhD in machine learning can expect an average salary of $170,000, while an AI scientist with a bachelor's degree in computer science can expect an average salary of $120,000.
6. Skills
AI scientists often make more money than those without in-demand talents like machine learning, deep learning, and natural language processing. As an illustration, an AI scientist with deep learning experience can anticipate making an average pay of $150,000, but an AI scientist without deep learning experience can anticipate making an average compensation of $120,000.
How to Improve AI Scientist Salary?
In order to improve your salary as an AI Scientist, please consider the following:
1. Skills
- Learn to use skills that are in demand, such as deep learning, machine learning, and natural language processing.
- Follow the most recent developments in AI trends and technology.
- Learn how to use a range of AI frameworks and tools.
2. Certifications
- Obtain AI certifications from recognized organizations, such as Amazon Web Services (AWS), Microsoft AI, and Google AI.
- Certifications show prospective employers your expertise and understanding.
3. Degrees
- Obtain a bachelor's degree in computer science or a closely related discipline.
- Consider earning a master's or PhD in artificial intelligence or a similar discipline.
- You can become more competitive for high-paying employment by earning advanced degrees.
4. Experience
- Hone your skills by participating in AI initiatives in business or academia.
- Participate in open-source AI initiatives.
- Take part in competitions and hackathons for AI.
- You will be increasingly valuable to potential employers as your experience grows.
You can increase your chances of landing a high-paying position as an AI scientist by paying attention to these pointers.
Why are AI Scientists Paid So Much?
AI experts are compensated highly because they possess a unique set of skills. They are professionals in cutting-edge AI techniques including deep learning, machine learning, and others. A wide range of industries, including technology, finance, healthcare, and manufacturing, have a significant demand for these technologies.
Senior AI scientists' salary per month is higher as they can use their expertise to design original solutions to challenging issues. For instance, AI researchers are creating novel approaches to automate chores, enhance customer service, and identify illnesses. Companies are prepared to pay the top price for their skills since their effort is to improve the planet.
Here are some details on why AI researchers are compensated so well:
- Great demand: All businesses have a great need for AI scientists. This is due to the fact that AI is still a young and fast-expanding area. There is a dearth of trained AI scientists as a result.
- AI scientists possess a remarkable and rare collection of talents. They are specialists in deep learning, machine learning, and other sophisticated AI techniques.
- High impact: AI researchers can significantly affect the bottom line of their business. They may assist businesses in increasing productivity, lowering costs, and increasing income by creating creative AI solutions.
- Competitive environment: Tech businesses are vying hard for the best AI talent.
Conclusion
AI experts command hefty salaries and are in high demand. There are numerous online courses available to you If you're interested in a career in AI, KnowledgeHut's top AI courses can help you get started. You can concentrate on learning in-demand skills, earning certifications, getting advanced degrees, and gaining experience to increase your AI scientist pay. You may get started by taking one of the many AI courses that KnowledgeHut has to offer.
Frequently Asked Questions (FAQs)
1. How much do AI scientists make?
An AI scientist will typically make $120,000 a year in 2023, though this will depend on experience, location, and industry.
2. What is the highest salary in AI field?
Senior AI scientists with in-demand skills and expertise often earn the highest pay in the field of artificial intelligence. These compensations can be as high as $200,000.
3. Is AI a good future career?
Because AI is a fast-expanding sector with a significant need for qualified people, it is a strong future career.
4. What is the scope of AI?
AI has numerous applications in a variety of fields, including manufacturing, healthcare, finance, and transportation.
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