Technology continues to intervene in our lives and revolutionise the tech industry. This has eventually triggered the demand for AI professionals and AI engineers. The AI engineers are responsible for designing, developing and deploying the AI models and systems. There is a growing demand for such experts across the globe. Did you know that an AI engineer can earn up to $149,671 per year. In this blog, we are going to take you through some of the key aspects associated with the profession of AI engineering and the best countries that offer excellent growth opportunities to such professionals.
- According to LinkedIn’s 2020 Emerging Jobs Report, Artificial Intelligence Specialist is the #1 emerging job in the US with 74% annual growth rate in the last 4 years.
- The global artificial intelligence market size is expected to reach USD 309.6 billion by 2026, growing at a CAGR of 36.2% from 2021 to 2027. Its market size will expand from USD 9 billion in 2022 to USD 407.0 billion by 2027.
- A report by Burning Glass Technologies shows that job postings for AI-related skills is projected to grow 40.1 percent over the next decade; the median salary for these positions is $105,007.
Who are AI Engineers?
They are computer programmers who specialize in designing, building and implementing AI systems. Their key work area involves the creation of intelligent systems that can analyze complex data, learn from that data, and make predictions or recommendations based on the analysis. To ensure flawless work, AI engineers work with a range of technologies like machine learning, natural language processing, and computer vision.
Growing demand for AI professionals globally
In the last few years, there has been a constant rise in the demand for AI and machine learning experts. This profile has seen a jump of almost 75% in the last four years. This number is expected to rise in the years to come. Hence pursuing a machine learning job is a great way to land up in a high-paying job. The following segment will take you through some of the best countries to work in.
Top Countries to Offer Best Pay and Growth to AI Engineers
The first nation that comes on our list is the United States, primarily because it is a hub for tech giants. Cities like San Francisco and New York have the highest demand for AI professionals. As per Talent.com, the average salary of an AI engineer in the United States is around $149,807 per year. However, salaries can vary widely depending on location, company, and experience. Senior AI engineers with several years of experience can earn well over $200,000 per year.
AI engineers are in high demand in Canada. Apart from great growth opportunities for AI engineers, Canada also offers the best salary package. The average salary of an AI engineer in Canada is $96,202 per year, but senior AI engineers can earn up to $150,000 per year.
Sydney and Melbourne are one of the most preferred choices for individuals looking for a prosperous career in AI. As per Indeed.com, the average salary of an AI professional in Australia is between $120,000 to $200,000 per year.
India has a growing AI industry and is home to many startup tech companies. In fact, India is among the top 10 nations offering the best pay package to AI professionals. Cities like Bangalore, Hyderabad, Gurgaon, and New Delhi are some of the best places to work in the AI domain. As per Ambition Box, the average salary salary of an Artificial Intelligence engineer in India can range between ₹ 3.0 Lakhs to ₹ 20.0 Lakhs.
Germany has a strong AI industry and is home to many prominent companies and research institutions. Major cities such as Berlin, Munich, and Frankfurt offer plenty of job opportunities for AI engineers, with competitive salaries and a high standard of living. As per Payscale, the average salary of an AI engineer is between €49k – €61k.
Summary of Best Countries for Artificial Intelligence Jobs
Best Companies For AI Engineers
|Name of the Company||Salary (In USD per annum)||Salary (In INR per annum)|
|Amazon||127,602 – 161,232||6,26,175|
|1,63,793||1,93,266 – 2,08,803|
|Ford||82,000 – 140,000||10,00,000|
|91,485 – 1,36,520||10,14,072 – 11,09,519|
|KPMG||167,448||8,00,000 – 13,00,000|
Factors that Influence AI Engineers’ Salaries
Location: The salary of an AI engineer varies based on location. Some cities and states offer higher packages, while others may not offer competitive salaries . The above-mentioned discussion shows you the prominent places that offer the best growth and earning opportunities to AI professionals.
Experience: The salary of an AI engineer also increases with their experience and expertise. More experienced AI Engineers tend to earn higher packages as compared to the ones who are entering as a fresher in this domain.
Skills: The specific skills an AI engineer has can also impact their salary. Engineers with skills in cutting-edge areas such as Machine Learning, Natural Language Processing, and computer vision are in high demand and can command higher salaries. Others skills required to become an AI Engineer includes expertise in Python programming, software engineering and soft skills like problem solving and communication skills.
How to Become an AI Engineer
The pay packages of AI professional is highly enticing and motivating. If you two are aspiring to enter this domain, start your learning journey today. A degree in computer science, software engineering or a related domain is required for any individual who wishes to excel and grow in the AI domain. In addition, one also needs to master programming languages like Python. For this, you can join the Python Programming Course by Pickl.AI. So if you too are planning to enter the AI domain, this is the right time to start your learning process.
AI engineers are in high demand across the globe. Salaries can vary widely depending on location, company, and experience. However, senior AI engineers with several years of experience can earn well over six figures per year. To have promising career in AI, make sure to build a strong foundation in computer science and programming, as well as gain experience with machine learning and big data technologies. For this, you can join Pickl.AI, the best e-learning platform in Data Science, Python, Machine Learning and Artificial Intelligence.