For quite some time, (AI) Artificial Intelligence has been one of the most popular buzzwords in the tech world. As data science advances, AI and machine learning (ML) advance by leaps and bounds. Indeed, AI adoption is occurring at such a rapid pace across various industries that Gartner predicts that by 2020, AI will create approximately 2.3 million jobs!
If you are a part of or want to be a part of this fast-paced, creative, and challenging industry, keep reading to learn about the best job roles in artificial intelligence and salary ranges in India.
Essentially, AI is a broad canvas that includes, among other things, machine learning, deep learning, and natural language processing (NLP). As a result, AI applications in a variety of industries are becoming increasingly diverse, with breakthroughs such as AR/VR, smart personal assistants, IoT, gaming, robotics, face recognition software, speech recognition, vision recognition, recommendation engines, and much more.
We’re sure this must-have has sparked a desire in you to become an AI programmer! Let’s look at what a typical artificial intelligence salary in India looks like.
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Salary Range for Artificial Intelligence in India
Naturally, the greater the variety of applications, the greater the variety of AI job roles and their associated pay packages. For example, while the entry-level Artificial Intelligence salary in India for nearly 40% of professionals is around Rs. 6,00,000, the mid-level and senior-level Artificial Intelligence salary in India could be more than Rs. 50,00,000.
Careers in artificial intelligence (AI) have skyrocketed in recent years to meet the growing demands of digitally transformed industries. According to a 2018 Indeed report, the demand for AI skills has more than doubled in the last three years, with job postings in the domain increasing by 119 percent.
Unfortunately, there aren’t enough talented Data Science (AI and ML) professionals to fill these positions. According to a study conducted in collaboration with Great Learning by Analytics India Magazine, “over 4,000 positions in India remain vacant due to a shortage of qualified talent at the mid and senior level.”
The shortage of qualified professionals in AI is due to the fact that it is still a developing technology that necessitates a unique and specific set of skills. Artificial intelligence salaries in India are high due to a scarcity of talent in this field. The more skills and experience you gain in this field, the higher your pay will be.
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Educational Requirements for a Career in Artificial Intelligence
A bachelor’s degree in Mathematics/Statistics/Computer Science/Information Technology is typically required for entry-level AI jobs. However, senior-level job roles (managerial/administrative or R&D roles) require a candidate to have a master’s degree or a Ph.D. in the above-mentioned fields or a related field (Engineering).
In terms of skills and knowledge, an aspiring AI professional should be well-versed in the following areas:
1. Mathematics (algebra, calculus, logic and algorithms, probability, and statistics)
2. The study of computers (proficiency in coding in multiple programming languages)
3. Networking using Bayesian inference (including neural nets)
4. Theory of cognitive science
It is relatively easier for professionals already working in the IT sector to up-skill for AI job roles by enrolling in AI certification courses, training programmes, or online boot camps.
When it comes to experience, nearly 57 percent of Indian companies looking for AI candidates want more than five years of experience – the average AI experience of Indian professionals is around three years.
Artificial Intelligence Salary Packages in India
As previously stated, the starting salary for Artificial Intelligence for freshers in India is around Rs. 6 LPA and can go up to Rs. 12 LPA, with higher-end salaries typically offered by reputable companies such as Amazon, Flipkart, Google, Facebook, and so on. In terms of Machine Learning roles, the starting salary for freshers is typically Rs. 8 LPA, and it can range from Rs. 8 LPA to Rs. 10-15 LPA, depending on the job role, skill set, and educational background. Candidates with a strong foundation in Data Science and a few years of work experience can earn up to Rs. 17 LPA.
Artificial Intelligence salary in India is much higher than the national average for most AI job profiles – professionals with AI skills and standard educational qualifications earn more than their counterparts with similar educational qualifications (without AI skills).
For example, if you have 2-4 years of experience in AI, you can earn between Rs. 5 and 20 LPA. Professionals with 4-8 years of experience can earn around Rs. 35-50 LPA, while those with more than ten years of experience can earn more than Rs. 1 crore per year.
The annual salary packages for artificial intelligence job roles differ depending on location. While Mumbai has the highest Artificial Intelligence salary in India (Rs 15.6 LPA), Bengaluru comes in second with Rs 14.5 LPA. Chennai has the lowest salary package in India for artificial intelligence talent, at around Rs. 10.4 LPA.
Here are a few of the highest-paying AI job profiles, along with their average annual salaries:
1. Rs. 17,11,180 for Principal Data Scientist
2. ML Engineer – Rs. 9,50,000 Computer Scientist – Rs. 16,24,615
3. Rs. 8,35,755 for Data Engineer
4. Rs. 6,99,928 for Data Scientist
5. Rs. 6,52,230 for Research Engineer
6. Algorithm Engineer – 5,40,220 rupees
7. Rs. 4,97,550 for Data Analyst
8. Engineer in Computer Vision – Rs. 4,50,000
Fractal Analytics, Deloitte, IBM, Accenture, Amazon, LinkedIn, Citrix, Verizon, SAP Labs, Nvidia, Tech Mahindra, Flipkart, and Myntra are among the top AI recruiters in India.
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Artificial intelligence salaries in India are constantly rising as a result of rising demand.
We hope you enjoyed our article on the salary of artificial intelligence in India. These figures are not set in stone. The true determinant of your salary is the skills you possess, the mastery you have attained over them, and how quickly you grow and help the company grow. The salary of artificial intelligence is determined by a variety of factors, many of which are discussed in this article.
Artificial intelligence salary in India is among the highest in the country. Your worth is determined by your skills, experience, and the city in which you live.
As Artificial Intelligence continues to permeate Indian industries, the demand for skilled AI professionals is expected to rise in the near future. As of now, the scarcity of qualified professionals with AI skills means that employers are willing to pay exorbitant salaries to acquire qualified professionals with AI skills. So, if you want to build a promising career in Data Science and AI, now is the time! upGrad provides a variety of AI courses for students interested in learning Data Science, Machine Learning, and Big Data.