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Monday, April 12, 2021

AI Engineer Salary Report For 2021: Things You Should Know

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The science fiction of the past is now becoming a reality. We can see chatbots and digital assistants.

Thanks to the Artificial Intelligence (AI) advent.

AI is one of the quickest growing technologies in the current job sector. The demand for AI professionals is beyond the existing qualified AI engineers. AI has been evolving for a long time.

Earn best credentials to become an AI Engineer

Deep learning, soft computing, neural networks, driverless cars, or robotic systems can perhaps inspire you. If so, consider becoming an artificial intelligence engineer.

Artificial Intelligence engineers are required because AI impacts biology, computer science, autonomous vehicle engineering, video gaming, and linguistics. You can earn a more excellent salary and also explore attractive knowledge-based opportunities as an artificial intelligence engineer.

You may consider becoming an artificial intelligence engineer or simply learning more about enticing AI projects and salaries. Many renowned training providers offer programs that help individuals know and improve real-world artificial intelligence and machine learning skills. They also make them stand out from the crowd by providing beneficial industry-recognized AI ML certification.

Based on a famous report, AI predicts that human lives will continue by 2025 and eliminate future work. However, new career possibilities for people with the right and appropriate skills will be open simultaneously.

Who is an Artificial Intelligence (AI) Engineer?

An AI engineer is a person who works with conventional machine learning techniques such as natural language processing and neural networks to create models that power AI-based applications.

The salary outlook for an AI Engineer in 2021

The average salary for a US artificial intelligence engineer is $164,749 in 2021, according to ZipRecruiter. Salary ranges from $142,500 (25th percentile) and $216,500 (90th percentile), and it can be dependent on qualifications, education, location, and experience.

Job prospects & demand for AI Engineer

This year, Gartner reports, AI is bound to generate 2.4 million jobs.

  • According to Gartner’s report, by 2021, AI growth is set to accelerate the industry value by almost US$ 2.9 billion and to regain the productivity of the workforce by 6.2 billion hours.
  • Almost 30 percent of all B2B businesses will employ AI in 2020, according to Gartner, to speed up at least one of their sales processes.
  • The AI market is planned for 190 billion dollars in the industry by 2025.
  • The IDC estimates that global AI systems expenditure will hit a level of USD 57.6 billion by 2021.
  • 75% of industrial companies’ applications will use AI until 2021, according to IDC.
  • AI is now one of the fastest-growing technologies in today’s jobs market. The demand for AI professionals is higher than that of the existing trained AI engineers.

Artificial intelligence Salaries

Artificial intelligence engineers are top-rated, and their pay reflects this. The location is another aspect that influences salaries. AI salaries profit from an excellent paycheck recipe: the hot sector and strong demand for scarce abilities. 

AI engineers receive outstanding salary compensation for AI jobs with six figures. A young AI engineer earns almost USD 124,542 pa, compared to USD 171,715 a year. In contrast, a senior AI engineer earns around US$ 257,530 a year, on average. However, if you have the credentials that firms need, it can go far higher.

Although the average AI programmer’s salary depends on the country’s region between around $100,000 and $150,000, these are all in the developer/coder domain. You want to be an AI engineer to make the big bucks. According to Paysa, another job search site, an artificial intelligence engineer receives $171,715, from $124,542 at the twenty-fifth percentile to $201,853 at the seventy-five percentile, with top earners getting an average of over $257,530.

Why so much demand? Since many come from the background of non-programming. The IEEE states that Ph.D. graduates in biology and physics return to school to study AI and apply it in their profession. They must combine the technical skills and know many different languages and hardware architectures to understand the data. Lastly, engineers are scarce and often costly.

Why are AI salaries so high?

Indeed, AI is not a discipline that many developers can teach themselves. 86.7 percent of developers were self-taught, according to a Stack Overflow survey. But it’s not the esoteric art of artificial intelligence, and it is for languages such as Java, Python, and PHP.

It demands advanced computer science degrees and also a Ph.D. Paysa found in a study that 35% of AI jobs need a Ph.D. and 26% need a Master’s degree. 

Several disciplines are needed, such as Python, C++, STL, Perl, Perforce, and APIs, such as OpenGL and PhysX. Also, a background in physics or other life science is required because the IA does essential calculations.

You, therefore, need a lot of skills, not just one or two, to be an efficient and in-demand AI developer.

Prerequisites — job skills needed

First, the right skills are acquired to enter the AI industry. Here is a significant aspect because becoming an IA engineer demands that the candidate is incredibly good in programming but must be excellent in theoretical and practical terms of their software development tools and techniques.

Furthermore, AI engineers and experts need to consider the continuous delivery, continuous implementation (CI/CD), and continuous integration of software development. You need to understand robust methods to conduct different test activities — behavior-driven growth and test-driven development.

They need to have a comprehensive understanding of where machine learning will fit into the given continuous delivery pipelines and continuous integration. Simply put, AI practitioners need to understand how agile processes function in technology organizations. To get there, your level of knowledge in AI will possibly take you five to ten years.

Start learning today

The advancement of AI and machine learning has undeniably changed today’s lives of many, including some industries. AI has made its presence known today, from creating better decisions to streamlining operations.

If you want to develop your professional skills and open the door to emerging technologies, consider registering today for the Artificial Intelligence training program at the best institution!

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