Global AI Engineer Salary in 2024 - How much do AI Engineers earn annually?

The future of artificial Intelligence is evolving and tech-savvy enthusiasts should definitely head out for an AI Engineer role. The rapid growth in Artificial Intelligence and Machine Learning has put up a huge space for skilled AI Engineers. Ever since 1955, jobs in the AI domain stand among one the fastest-growing jobs every year for their unbeatable scope.

The salary and demand for AI will only keep expanding higher in 2024 onwards. By 2040, the Artificial Intelligence (AI) market will be worth above 150 Billion USD.

Submissively, an average Artificial Intelligence Engineer can approximately earn at least $134,000 each year.

The article summarizes the AI Engineer salary details and what to expect from the particular field, companies, job level, skills, and factors to take note of.

Overview of AI Engineer Salary

The AI Engineer salary is the most lucrative and fascinating career among job roles at the global level. Why? In top developing countries, leading companies to any level of industries in the current scenario with AI approaches matters the most. 

Tech giants are massively focusing on hiring AI Engineering candidates with knowledge of emerging technologies.

As per the Glassdoor report, the average salary in any country is approximately $100,121. The minimum average salary is $70,000 and the high salary is $149,000.

Role and Scope of Artificial Intelligence (AI) Engineer

AI Engineers create and deploy machine learning algorithms, and processes concerned with the automation of intelligent behavior, and bring impact to technical advancements through software design, machine learning, and data science.

It requires a degree in computer science, robotics, engineering, and physics with a background in AI Google Education, Ph.D., and other related fields. They showcase AI skills in data science and statistics, CS & Programming, Mathematics, CI/CD & SDLC Knowledge, ML and DL algorithms and frameworks, and others.

To date, industries are heavily impacted by the AI revolution and AI engineers have an edge over the other roles. The benefits to reduce error and increased automation open options to a high-salary package for an entry-level to executive level. By 2040, the AI job market will expand to more than 3 million jobs.

 

AI Engineer's Salaries Based on Experience Level

Any salary varies with the count of experience, skills, job type, and company. Likewise, the average salary of other enter-level roles like Software Engineer, Software Architect, etc., is comparatively lesser than for a senior role.

According to an Indeed data survey, the average base salary ranges low at $75,992 and high at $196, 655 per year.  In the United States, the average salary for a software engineer is $153,788 with more than 10 years of experience. As per the Glassdoor report, the average salary of an AI Engineer in the United States is approx. $119,297, and the package can range to low as $78,000 and high as $150,000.

Salaries by experience level as per Glassdoor,

Junior/Entry-Level AI Engineer Salary:

Professionals with 0-2 years of experience in IT and AI certification can expect an average base salary of $57,000. The annual entry-level AI engineer salary ranges from a minimum of $53,579 to a maximum of $1,00,000.

Mid-Level AI Engineer Salary: 

AI engineers, Machine Learning Engineers, and related data science roles with 3-8 years of experience can expect a $120,000 average base salary.

An average base salary of a mid-level AI Engineer is $86,000 (lowest) and $150,580 (highest) or more.

Senior AI Engineer Salary:

Professionals with over 10 years of experience in the AI field can expect an average base salary of $1,47,518. Salary estimates are based on the location and are in demand in the fields of automobile, banking and finance, e-commerce, healthcare, and others.

According to the Glassdoor report, the below image references represent the AI Engineer salaries by country.

AI Engineer Salary in India

AI Engineer Salary in Canada

AI Engineer Salary in the USA

 

 

Top Companies hiring AI Engineers by Country-Wise

Recently, the annual AI Engineer salary ranges from INR 5-60 LPA depending on the type of company and location. The average machine learning engineer salary in India gives a figure of  INR 686, 281.

The given figure below represents the diverse top hiring AI companies country-wise.

 

Best Artificial Intelligence Roles: Role and Salaries Globally

Some of the best artificial intelligence roles with the highest salaries across the globe:

Machine Learning Engineer

Machine Learning Engineer focuses to automate ML, processes, and produce models having good knowledge in data science, prototyping, solid programming, problem-solving, math and statistics, and deep learning frameworks. The average machine learning engineer's salary is $142,858,57.

Data Scientist

A data scientist takes responsibility to create models for greater information and data predictions for decision-making. They have expertise in data optimization, SQL, scripting, math, and statistics. The average Data Scientist's salary is $126,927,41.

Computer Vision Engineer

Computer Vision Engineer coach, design, implementing vision software, and image processing, enabling users to experience real-time applications and proficient in programming skills. The average Computer Vision Engineer salary is $126,399,81.

Data Warehouse Architect

Expertise in creating high-performance BI architecture, analyzing operational and analytical data, identifying and profiling data quality metrics, guiding test plan creation, document data sourcing, good communication skills, and more. The average Data Warehouse Architect's salary is $126,008,25

Algorithm Engineer

Algorithm Engineer designs matching engine, calibrate stable control systems with high performance, implement the test, and documents new innovative algorithms. The average Algorithm Engineer salary is $109,313,51.

Best Countries for Artificial Intelligence Jobs

Here are the top few countries with numerous jobs options for Artificial Intelligence (AI) professionals:

- Europe

- Canada

- China

- United States (US)

- United Kingdom (UK) 

- Germany

- India

 

 

 

Wrap Up

The world has shifted ever since the entry of Artificial Intelligence into our daily lives. Salaries for the AI field will keep booming as the current and future majorly relies on AI and machine learning.

If you are looking forward to pursuing a career in Artificial Intelligence training, choosing from a globally recognized ATO [An accredited training organization] from Sprintzeal accelerates your dream career.

Get Artificial Intelligence training – online, live online, and classroom. The training is specifically designed for professionals with a keen interest in understanding Artificial Intelligence and Machine learning. 

You can choose from a wide range of certification courses and enhance your career. 

Suggested Read –

How AI has Impacted Consumer Buying Behavior

Future of Artificial Intelligence in Various Industries

Frequently Asked Questions

What is the entry-level salary for AI engineer?

The annual entry-level AI engineer salary is the figure around an approx. of $57,000.

 

What is the average salary for AI  engineer?

The annual AI engineer salary is approx  $119,297, and the package can range to low as $78,000 and high as $150,000.

 

What is the salary of AI  engineer?

The annual AI engineer salary ranges from $53,579 to $1,47,518. Comparatively, the salary has a difference from entry to high-level positions.