Discover the best opportunities to maximize your earning potential in the United States, Canada, the UK, and Germany.
A positive development for AI professionals is that countries and businesses are competing for the best talent.
As artificial intelligence and machine learning industries grow at a mind-boggling rate, the demand for qualified IT experts is increasing rapidly.
Supply, however, lags far behind demand. The AI market needs people to fill millions of roles, but only 300,000 researchers and practitioners exist worldwide, according to a report by Chinese tech giant Tencent.
This assertion has been backed up by LinkedIn researchers, who report that machine learning engineers are the most sought-after position in the industry, with demand increasing by about 1000% in the last year.
On a global level, artificial intelligence and machine learning are major challenges. Capgemini’s global study found that 55% of organizations recognized not only that there was a wide gap, but that it was also getting wider. The US corporation recognizes the skill gap 70% of the time, compared to 64% of companies in India, 57% of companies in the UK, 55% of companies in Germany, and 52% of companies in France.
There has been a lack of AI engineers to hire even in the largest and most well-known tech corporations.
Due to a rise in demand, salary levels have soared absurdly. Based on The New York Times’ analysis of the AI sector, the very best can sometimes earn millions of dollars with only a few years’ of experience. In the world, only 10,000 people possess the necessary skills to lead significant AI initiatives, according to an independent AI lab.
Therefore, if you are an AI expert, you should exercise discretion now. Choosing where to live, working for what company, and how much you will receive is all up to you.
The following nations are in dire need of talented Artificial Intelligence and Machine Learning practitioners:
The Unite States
AI professionals in the United States can find a variety of opportunities in the tech-driven world of today. AI professionals are in high demand and the demand is expected to continue to grow as businesses increasingly rely on AI solutions. AI professionals can find job opportunities in a wide range of industries such as finance, healthcare, retail, manufacturing, and more.
In the US, most AI specialists possess a bachelor’s degree in computer programming, engineering, or a closely similar subject. Some employers may also require experience in programming, data science, or machine learning. AI professionals can pursue certifications or specialized degrees in AI to demonstrate their expertise.
AI professionals in the United States can earn a competitive salary. The median salary for AI professionals in the United States is $105,000, according to Indeed.com. Salary varies according on geography, job title, and experience. Professionals in AI with experience can make considerably more money, with some making six figures.
In addition to salaries, AI professionals in the United States can receive benefits such as 401(k) plans, health insurance, and vacation time. AI professionals can also find opportunities to advance their careers by taking on more responsibility or pursuing additional training or certifications.
Digital capabilities, particularly AI and machine learning, are lacking in every nation in Europe. Berlin, London, Paris, Eindhoven, Amsterdam, and Stockholm are all major European IT hubs where AI specialists can find jobs.
In a Dispatches Europe article last November, the absence of digital experts in Europe’s industries was highlighted as the top shortage of talent in the region. Sweden had the greatest lack of technology expertise among the 33 highly developed economies.
The highest-paying high-tech positions in Europe are:
- Game Developer
- Artificial intelligence and deep machine learning
- Cloud security/encryption
A shortage of qualified specialists in the EU forces European nations to hire experts from outside the bloc to fill the positions. Members of the EU compete fiercely not only with each other, but also with other leading economies.
As a result of a growing economy and aging population, Finland, a neighbor of Sweden, plans to need 15,000 software engineers by 2020.
In addition to the UK, Finland was the first EU nation to adopt a national AI policy, providing government support and a legal framework for digital enterprises.
Digital professionals from India, China, Russia, and the United States are actively being sought after to bridge the skills gap in Finland’s digital game business.
German companies are likely to face a 3-million-person skilled worker shortfall by 2030, with a sizable portion of them being IT specialists, according to a new study by the consulting company Prognos AG.
Artificial intelligence poses no threat to German tech companies. Experts believe that artificial intelligence developments might allow companies to replace even mid-level staff with artificial intelligence, even if they are able to replace experienced individuals.
AI and machine learning technology cannot be developed and adopted due to a shortage of skilled workers, according to their concern. It is estimated that almost half of businesses are not able to make innovation-related investments due to the difficulty of recruiting qualified employees.
Over 60,000 highly skilled workers have come to Germany since 2012 as a result of the EU’s Blue Card program.
It would be necessary to increase immigration significantly to compensate for a lack of competent workers. In the near future, it is unlikely to come from the domestic labor force. AI, machine learning, and information technology aren’t the most popular jobs among young Germans; they rank fifth behind office administration and vehicle mechanics.
The United Kingdome
UK employers have nearly tripled their need for AI capabilities over the last three years, according to employment site Indeed. The demand for data scientists in the AI sector is increasing as businesses try to leverage the data they’ve collected over the years.
A typical UK income is significantly lower than that of AI and machine learning positions. The average annual salary for listed AI positions is £60,000, with 10% of the highest-paid jobs paying an average of £105,500.
There are a large number of AI jobs available on Indeed, many of which have salaries over £70.000. Depending on the contract, some contracts may cost up to £700 every day.
In high-level positions, the majority of salaries are competitive, so you can apply to several companies and negotiate the best salary with them.
Machine learning and AI professionals will find China to be an exciting market. Artificial intelligence development has exploded in the country, and skilled professionals are in high demand. In China, AI and machine learning professionals are paid competitive salaries compared to their counterparts in other countries. A Chinese AI and machine learning professional earns an average salary of $20,000 to $40,000.
Qualifications and experience determine salaries. The average annual salary for an experienced professional is $50,000. Professionals in AI and machine learning have a variety of employment options in China. A number of companies are actively hiring for AI and machine learning positions, including Baidu, Tencent, and Huawei. There are also other companies hiring for AI and machine learning positions, including JD.com, and ByteDance. Chinese start-ups are also seeking AI and machine learning professionals in addition to traditional companies. It is also possible to be a part of a rapidly growing and innovative team at these start-ups in addition to receiving competitive salaries. AI is also heavily invested in by the Chinese government, and the possibility of AI and mac are endless.
Developing Artificial Intelligence is one of Canada’s top priorities. AI ethics, policies, and legal ramifications, as well as science related to AI, are heavily invested in by the nation. Across Canada, AI-related jobs have increased by 1,069% since 2013, according to Indeed Canada.
DevOps engineer, full stack developer, and machine learning engineer were the most sought-after jobs.
The annual salary for specialists with some experience ranges from $70,00 to $90,000. Advertised incomes for individuals with more than five years’ experience can reach $130,000 and beyond.
Artificial intelligence positions average $85,978 per year, or $44 per hour. The median wage in this country is approximately 2.6 times higher than this. Entry-level roles start at $60,000. Experts earn up to $120,000, while seasoned experts earn up to $200,000.
An Indeed Canada search reveals that most senior positions do not include predetermined salaries but are accompanied by “competitive” pay packages, giving job seekers the opportunity to negotiate.
There are a number of organizations actively seeking candidates with AI skills in Canada, including the Royal Bank of Canada, Capital One, IBM, Huawei, Scotiabank, KPMG, TD Bank, Loyalty One, and Amazon.
Moving to Canada has become increasingly attractive to AI and machine learning professionals due to its booming tech industry, its highly regarded universities, and its Express Entry System.
In addition, some of the most cutting-edge and inventive technological startups in the world are located in Canada. Moving to Canada has numerous advantages and opportunities for AI and machine learning professionals to pursue careers in their fields. Finally, Canada is known for its passion for innovation and its commitment to promoting a culture of inclusivity, making it an attractive destination for AI and machine learning professionals.
Several of the most interesting applications of artificial intelligence in industries ranging from farming to healthcare are being tested in India according to a LinkedIn report on the future of the digital workforce. With the nation moving toward becoming a “Digital India,” the IT sector will require 50% more digitally proficient workers.
According to Kelly OCG India, experts in AI and machine learning would be in great demand this year. There is a special demand for (and a scarcity of) Ph.D. candidates in fields relating to artificial intelligence.
Due to of lack local people who are knowledgeable about user interfaces and user experiences (UI/UX), artificial intelligence, and machine learning. According to the data, deep learning is a hot field with a qualified professional ratio of 0.53, and machine learning is a hot field with a qualified professional ratio of 0.63.
In India, the average salary for AI experts rises with experience: for those with 2-4 years of experience, the salary ranges from Rs 15 to Rs 20 lacs ($ 22,000 to $29,000), Rs 20 to Rs 50 lacs ($ 73,000 to 147,000), and Rs 50 to Rs 1 crore ($ 73,000 to 147,000).