Artificial Intelligence Engineer Salary Growth In 2023
Key Takeaways
- Artificial Intelligence Engineer Salary on average is $143,011 per year as of February 2023, with the highest average value in New York state at level 218,600 and the lowest average wage in Hawaii at $115,000 (for the US only).
- Employment of computer and information research scientists (which includes AI engineers) is projected to grow 15 percent from 2022 to 2032
- The highest-paying industries for artificial intelligence engineering jobs are finance ($150k median base pay), followed by healthcare ($140k median base pay).
- The lowest-paying industries are e-commerce ($120k median base pay) and logistics / transportation / warehousing / manufacturing sectors ($125k median base pay)
- The highest salaries are in the US, the lowest in Singapore (almost twice as less as in the US)
What is an average Artificial Intelligence Engineer Salary?
According to data from Talent AI Jobs Statistics, an Average Artificial Intelligence Engineer salary is $143,011 per year as of February 2023, with the highest average value in New York state at level 218,600 and the lowest average wage in Hawaii at $115,000 (for the US only).
However, salaries can vary depending on several factors, such as experience level, industry, location, and education.
The job outlook for AI engineers
The job outlook for AI engineers is excellent. According to the Bureau of Labor Statistics (BLS), the employment of computer and information research scientists (which includes AI engineers) is projected to grow 15 percent from 2022 to 2032. This growth rate is much faster than the average for all occupations.
The demand for AI engineers is driven by advancements in technology and increased adoption of automation across industries such as healthcare, finance, retail, and manufacturing.
Read also: Artificial Intelligence Implications For Business Growth Strategy In 2023
Artificial Intelligence Engineer Salary by experience
As with most professions, experience plays a significant role in determining an AI engineer’s salary. Entry-level positions typically pay less than senior-level roles. According to ZipRecruiter data from February 2023:
| Seniority Level | Salary Amount | Comment |
|---|---|---|
| Entry-level (less than 1 year) | $87,000+ | Entry-level AI engineers with less than one year of experience earn an average annual salary of $87,000. |
| Mid-career (1-4 years) | $120,000+ | Mid-career AI engineers with 1-4 years of experience earn an average annual salary of $120,000. |
| Experienced (5-9 years) | $150,000+ | Experienced AI engineers with 5-9 years of experience earn an average annual salary of $150,000. |
| Senior-level or lead (10+ years) | $180,000+ | Senior-level or lead AI engineers with ten or more years of experience earn an average annual salary of $180,000 or more. |
Artificial Intelligence Engineer Salary by Industry
AI engineering jobs exist across various industries, such as healthcare, finance, retail/e-commerce/wholesale trade logistics/transportation/warehousing/manufacturing sectors. Salaries can vary depending on the industry you work in; some industries may offer higher compensation packages than others.
According to research conveyed by Comparably AI Salaries:
- The highest-paying industries for artificial intelligence engineering jobs are finance ($150k median base pay), followed by healthcare ($140k median base pay).
- The lowest-paying industries are e-commerce ($120k median base pay) and logistics/transportation/warehousing/manufacturing sectors ($125k median base pay).
Artificial Intelligence Engineer Salary by location
The location also plays a significant role in determining an AI engineer’s salary. Salaries can vary significantly depending on where you live and work due to differences in cost-of-living expenses.
According to Simplilearn data from February 2023, salary varies a lot across the globe:
| Country | Salary Amount | Comment |
|---|---|---|
| US | $110K+ | The average annual AI engineer salary in the US is over $110K. |
| Canada | 85,000 C$+ | The annual AI engineer salary in Canada is over 85,000 C$ on average. |
| UK | 60,000 pounds+ | Prospects for AI developers are just as bright in Europe, with a median AI engineer salary in the UK being over 60,000 pounds per annum. |
| Germany | €84,574 | In contrast, the annual AI engineer salary in Germany is around €84,574. |
| Australia | $110,000+ | The AI engineer’s salary in Australia can be as high as $110,000 annually. |
| Singapore | S$74,943 | The average annual AI engineer salary in Singapore is S$74,943. |
It’s worth noting that remote work has become increasingly popular during the COVID-19 pandemic. As a result, many companies now offer remote work options, which may help mitigate differences between locations.
Tips for earning more
If you’re interested in pursuing a career as an artificial intelligence engineer or looking to increase your earning potential, here are some tips:
- Gain relevant skills: Acquire relevant skills through online courses or boot camps like Udacity AI Nanodegree Program or Coursera.
- Obtain certifications: Certifications like AWS Certified Machine Learning – Specialty or Microsoft Certified: Azure Data Scientist Associate can help boost your resume.
- Network: Attend industry events or join professional associations like IEEE Computer Society.
- Consider advanced degrees: A Master’s degree or Ph.D., especially in computer science or related fields,, could increase your earning potential significantly.
Salaries for jobs related to AI engineer
There are several other job titles related to artificial intelligence engineering that offer competitive salaries:
| AI Job Title | Salary Amount | Comment |
|---|---|---|
| Machine learning engineer | $142K+ | Average annual salary – $142K |
| Data scientist | $122K+ | Average annual salary – $122K |
| Robotics Engineer | $100K+ | Average annual salary – $100K |
| Natural Language Processing (NLP) Engineer | $130K+ | Average annual salary – $130K |
| Computer Vision Engineer | $140K+ | Average annual salary – $140K |
These roles require similar technical skills as those required for artificial intelligence engineering positions but may have different focuses depending on their specific responsibilities.
Start learning today
Artificial Intelligence Engineering offers exciting opportunities with lucrative compensation packages;
However, it requires specialized skills that take time and effort to acquire through education and training programs available online.
The Udacity Nano Degrees program offers comprehensive courses covering machine learning algorithms & deep learning techniques using TensorFlow & Keras libraries, along with practical applications using real-world datasets.
Read more: If you are a beginner, you might be interested in learning more from my article: AI Jobs, Salaries, and Career Prospects For Beginners (2023)