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Artificial Intelligence Engineer Salary in 2024
Published
23rd Apr, 2024
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Take a step through the door into the realm of Artificial Intelligence (AI), a fascinat-ing branch of computer science, capable of unleashing the power of smart ma-chines that mimic human intelligence.
Today, artificial intelligence (AI) finds use in every sector, from the tech industry to the healthcare sector and more. The global market size of AI is likely to reach USD 1,591.03 billion by the year 2024. With the rise of AI applications, the demand for AI engineers is also increasing. Want to become an AI engineer? That must make you curious about the salary prospects of this career.
Don’t worry. In this article, you will get to know everything it. Let’s dive in!
Who is an AI Engineer?
Before digging into artificial intelligence engineer salary details, you must know who is an AI engineer? In simple words, AI engineers are professionals who lever-age artificial intelligence and machine learning techniques to develop different ap-plications and systems. The most popular techniques used by experts include natu-ral language processing (NLP), neural networks, and more.
The AI engineers’ program, develop and train complex networks of algorithms to enable AI to function like the human brain. They build AI models to provide busi-nesses with meaningful insights. This role demands expertise in programming, software development, data engineering, and data science. So, pursuing the Data Science courses online can be an excellent idea.
The AI engineers perform the following responsibilities and tasks:
- Prepare data sets and analyse them.
- Build predictive models and machine learning algorithms as per the needs of businesses.
- Conduct different tests and experiments on machine learning.
- Coordinate with other teams for effective integration of the AI modules.
AI Engineer Salary in 2024
Now that you know the basics, it is time to explore the salary of an AI engineer. Well, the salary will differ based on several factors like experience, skills, job location, and more. In this section, you will get to know about the AI engineer average salary de-pending on experience and location. Let’s take a look!
AI Engineer Salary: Based on Experience
Experience is one of the important factors that affect the salary of AI engineers. Be-low is the salary you can expect based on your experience.
Beginner
Beginners are AI engineers who have just entered the industry. During this stage, the engineers do not have any prior experience but have the necessary knowledge and skills to perform different duties. Entry-level AI engineers can make somewhere between USD 91,000 to USD 153,000. The average entry level AI engineer salary is USD 117,377 per annum.
Intermediate
The intermediate level engineers usually have 3 to 6 years of experience in the in-dustry. They are likely to earn somewhere between USD 109,000 to USD 179,000. The average salary of intermediate level AI engineers is USD 138,000 per year.
Advanced
The advanced level engineers have more than 10 years of experience in the field. They have a wealth of knowledge relating to artificial intelligence and machine learning that enables them to provide value to organizations. The senior AI engi-neer salary ranges between USD 126,000 to USD 203,000. The average salary of advanced AI engineers is USD 158,000 per annum.
AI Engineer Salary: Based on Location
Based on the location, the salary of the AI engineers will differ. The AI engineer salary of some of the top countries in the world is listed below.
India
The demand for AI engineers is growing in India in recent times. The AI engineer salary in India is about ₹1 million. Take a look at the salary range in different cities of India.
| City | Salary (Per Annum) |
|---|---|
| Mumbai | ₹6 lakhs to 20 lakhs |
| Bangalore | More than ₹9,90,000 |
| Delhi | ₹5 lakhs to 18 lakhs |
| Hyderabad | More than ₹10 lakhs |
| Chennai | ₹6 lakhs to 16 lakhs |
The AI engineer salary also differs based on the company you work in. Here are some of the top companies in India that hire AI engineers and offer them lucrative pay packages.
| Company | Salary (Per Annum) |
|---|---|
| Accenture | ₹7.9 lakhs |
| Microsoft | ₹7.2 lakhs to 9.2 lakhs |
| ₹6 lakhs | |
| Apple | ₹5 lakhs |
United States of America
In the United States, the AI engineer average salary is USD 127,939 per year. It usually varies between USD 99,000 to USD 167,000. The table below shows the top cities in the US and the AI engineer salaries they offer.
| City | Salary (Per Annum) |
|---|---|
| San Jose | USD 141,947 |
| Fremont | USD 141,585 |
| Oakland | USD 137,989 |
| San Francisco | USD 141,382 |
| Hayward | USD 137,717 |
Different companies also offer different pay packages to AI engineers in the US. Some of the top companies are listed below.
| Company | Salary (Per Annum) |
|---|---|
| Technica Corporation | USD 111,511 |
| ApTask | USD 138,140 |
| USD 257,846 | |
| Walmart Labs | USD 265,698 |
| USD 236,388 |
United Kingdom
The average artificial engineer salary in the United Kingdom is £51,103 per annum. The most likely salary range varies between £38,000 to £68,000. Based on the cities of the UK, the different salary packages are listed below.
| City | Salary (Per Annum) |
|---|---|
| Cambridge | £67,000 |
| Oxford | £56,479 |
| Edinburgh | £51,231 |
| Birmingham | £55,000 |
Based on the top companies in the UK, the average salary of AI engineers is listed in the table below.
| Company | Salary (Per Annum) |
|---|---|
| Meta | £93,053 |
| Client Server | £83,000 |
| Deliveroo | £91,616 |
Australia
The salary of AI engineers in Australia ranges between AUD 100,000 to AUD 133,000. The average salary is AUD 116,000 per year. Here are the top paying cities in Australia.
| City | Salary (Per Annum) |
|---|---|
| Brisbane | AUD 112,000 |
| Melbourne | AUD 135,301 |
| Sydney NSW | AUD 130,069 |
| Canberra ACT | AUD 97,290 |
The top companies in Australia that offer lucrative salaries to AI engineers are listed below.
Company | Salary (Per Annum) |
|---|---|
| CSIRO | AUD 105,793 |
| Canva | AUD 138,000 |
Canada
The average salary of artificial intelligence engineer in Canada is CAD 120,829 per annum. Based on different cities in Canada, the different pay packages are listed below.
| City | Salary (Per Annum) |
|---|---|
| Toronto | CAD 129,313 |
| Quebec City | CAD 201,500 |
| Ottawa | CAD 87,441 |
| Vancouver | CAD 133,548 |
Take a look at the top companies in Canada and the AI engineer salary they offer.
| Company | Salary (Per Annum) |
|---|---|
| RBC | CAD 85,000 |
| Ciena | CAD 90,000 to CAD 109,000 |
| Cerebri AI | CAD 100,000 to CAD 126,000 |
| KPMG | CAD 80,000 to CAD 88,000 |
Singapore
The AI engineer salary per month in Singapore ranges between in Singapore SGD 3,740 to SGD 6,470. On the other hand, the average salary per annum is SGD 74,943.
Based on different companies in Singapore, the salary of AI engineers is listed be-low.
| AI Singapore | SGD 60,000 |
| Panasonic | SGD 48,000 to SGD 60,000 |
| Black Sesame Technologies | SGD 84,000 |
| DBS Bank | SGD 84,000 |
Factors Affecting AI Engineer Salary
There are several factors that affect the AI engineer salary. So, if you have plans to take up the role, an idea of how each of the factors affects the salary is important. Below are some of the common factors and ways how they impact the pay packag-es
Location
When it comes to the salary of an AI engineer, the location plays an important role. Some countries and cities have bigger AI and tech industries compared to others. In places, where there is high demand for artificial intelligence engineers, the salary is likely to be higher compared to places with low demand.
Moreover, the salaries tend to be higher in places where the cost of living is high. For instance, in the United States, the average salary of AI engineers is USD 119,297 per annum, while that of AI engineers in the United Kingdom is £52,260 per year.
Industry / Employer / Company
The industry and the company you work in also have a significant impact on the salary. The bigger the employer, the higher the salary of the AI engineer will be. While the AI engineers at Google get paid USD 204,616 per annum, the average salary of engineers at Microsoft is USD 134,759. Similarly, AI engineers in the legal industry get paid USD 63,156 per year. However, those in the IT industry earn high-er which ranges between USD 119,000 to USD 193,000 per annum.
Experience
The next important factor affecting the salary of an AI engineer is the level of expe-rience. Engineers who have a wealth of knowledge, experience, and expertise in the domain are likely to be paid more than their lesser experienced counterparts.
For instance, in the United States, an entry-level AI engineer with 0 to 1 years' of experience is likely to make USD 52,900 per year. On the other hand, engineers with over 10 years of rich experience can earn around USD 131,436 per annum.
Demand and Supply
Demand and supply are yet another factor that affect the salary of AI engineers around the globe. In places where there is high demand for AI engineers but low supply, the salary will be higher. On the other hand, in places having less demand but more supply of AI engineers, the pay packages tend to be lower.
Credentials / Certifications
Additional certifications or credentials can also impact the salary of AI engineers. Certified individuals can provide more value to organizations. As a result, their sala-ry tends to be higher compared to those without any certifications or credentials.
Skills
Skills are highly valued by organizations. Having important AI skills will not only enable you to land a lucrative job but will also allow you to negotiate a higher salary.
How to Improve AI Engineer Salary
There are various ways AI engineers can boost their earning potential. Some of the best ways are listed below.
Skills
Acquiring the in-demand skills in the industry is one of the most popular ways of increasing the AI engineer’s salary. The field of machine learning and artificial intel-ligence keeps evolving with the passing of time. That means there is a lot to learn. Companies are always in search of professionals who have in-demand technical skills and are well-updated about the latest trends in the industry.
So, keeping up with the updated systems and tools and expanding your knowledge relating to modelling techniques and algorithms can help in boosting your salary. It is best to drill down into a particular industry to experience the most benefits.
Certifications
Certifications are yet another way to boost the salary packages of AI engineers. The certifications not just look good on the resume but also are proof of your profession-al development. Enrolling in an AI certification course can help you acquire the necessary skills and knowledge to become a successful engineer. As a result, it can ultimately increase your salary significantly.
Degrees
Getting a master’s degree in artificial intelligence can also boost the salary of AI en-gineers. Even though a master’s degree is not necessary to become an AI engineer, it can provide individuals with a competitive edge in the market.
Experience
There is simply no substitute for experience. So, gaining more experience in the in-dustry can increase the salary of AI engineers. The best thing is that there are dif-ferent ways to gain more experience.
You can do so by completing AI courses, engaging in freelance work, participating in open-source projects, and more. You can even connect or network with experi-enced individuals through platforms such as LinkedIn to gain more knowledge and insights relating to artificial intelligence.
Why are AI Engineers paid so much?
There are several reasons for the high salaries of AI engineers around the globe. One of the most prominent reasons is the growing demand for artificial intelligence in recent times. More and more companies and industries are adopting technologies to streamline their business operations and make accurate predictions.
However, compared to the increasing demand, the supply of AI engineers is signifi-cantly less. The availability of a small talent pool increases the pay packages of the individuals. That means people who have in-demand AI skills and experience are likely to draw high salaries.
Moreover, AI professionals are also highly valued in every industry. This leads to a universal increase in the salary of AI engineers.
Conclusion
By now, you must be aware of the AI engineer salary details. The demand for artifi-cial intelligence and AI professionals is booming around the globe. It is because in-dustries such as tech, medical research, and financial services are increasingly embracing AI technology. Even government agencies are leveraging the technolo-gy owing to the various benefits it offers.
As global companies like Google continue to dive deeper into AI, the demand for AI engineers is likely to go up in the coming years. With the increase in demand, sala-ries are sure to increase. If you want to become an AI engineer, it is time to acquire the necessary skills and knowledge and become a part of the evolving profession. To make the best of the available opportunities, experts recommend taking up the KnowledgeHut Data Science Courses online. So, why wait? Enrol in the best AI and data science courses and get ready to embark on a successful journey.
Frequently Asked Questions (FAQs)
1. What is the monthly salary of an AI engineer?
In India, the average monthly salary of an AI engineer is ₹58.3k. However, it will vary depending on various factors like location, skills, experience, and organization.
2. Which country pays the highest salary to AI Engineers?
The United States pays the highest salary to AI engineers. The average salary of an AI engineer in the US is more than USD 110,000 per year.
3. Which Job Has the Highest Salary in AI?
Natural language processing engineer has the highest salary in AI. It is followed by robotics engineer, big data engineer, and machine learning engineer.
4. Are AI Engineers in High Demand?
Yes, AI engineers are in high demand. They will continue to be in demand soon. It is mainly due to the increase in the use of AI technology in diverse industries like tech, healthcare, agriculture, legal, and many more.
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