Machine Learning Engineer Salary-The Ultimate Guide for 2021

Machine Learning Engineer Salary-The Ultimate Guide for 2021


Are you earning a fair salary for the machine learning solutions you build and the level of experience you have? It’s an important question, but one that too few working as machine learning engineers ask themselves on a regular basis. Yet, there’s a lot of information out there to help you learn whether you’re earning the right machine learning engineer salary. Or, if you’re changing careers and about to enter the machine learning engineers arsenal, what kind of entry-level ML engineer salary you might expect. In this article, you’ll get some insider expert advice, including some helpful resources, to help you determine the machine learning engineer's average salary for your location, skills, and experience level.

Machine Learning Engineer Salaries

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Machine Learning Engineer Salary – How much can you earn in 2021?

Machine Learning Engineer Salaries are High

To put it simply- a lot! Based on the skills, experience level, location, and organization you end up working with, the machine learning engineer job roles are among one of the highest paying jobs worldwide. Wondering, what the average machine learning engineer salary is in 2021? According to popular job portals like PayScale and Glassdoor, typical salaries among machine learning engineers can range anywhere from $76000 to over $154000.There are several reasons why the average salary range of a machine learning engineer is so broad. Employers usually weigh factors like experience level, skills, educational background, location, and industry expertise working on hands-on machine learning projects before making an offer. It is also important to note that the machine learning engineer salaries mentioned below don’t factor in the overall compensation, which includes other benefits like bonuses, paid time off, profit-sharing, and also stock ops in larger companies.

 

Average Machine Learning Engineer Salary

Disclaimer:  Please note the base salaries mentioned in this article are for the machine learning engineer job title. The salary figures reported in this article are as a guide only and not the exact figures that you will earn. All ML engineer salary information reported in this article was reported by popular job portals Indeed, Glassdoor, and PayScale in February 2021.

Machine Learning Engineer Salary Survey Guide

Machine Learning Industry – Expanding Its Footprints- Salaries Heading Skyward

Before we dig into the numbers for ML engineer salaries, it’s worth mention that, according to Forbes, artificial intelligence and machine learning jobs are projected to grow 40% over the next decade.  LinkedIn report on top 10 emerging jobs in India reported that the machine learning engineer job role has grown 43x in the last five years in India. Machine learning is the Armor to survive the reality of day-to-day life right from the time you tell Siri/Alexa to wake you up in the morning to switching off the light before you go to bed with a voice command. The machine learning industry is on a bright spot influencing almost every business domain.  According to Marketsandmarkets.com, the global machine learning market is anticipated to grow at a CAGR of 44.1% reaching $8.81 billion by 2022. With the proliferation in data generation, the world will face “explosive demand” for machine learning skills with the number of machine learning jobs projected to grow exponentially over the next decade. The increasing adoption of artificial intelligence and machine learning means that every organization is realizing the need to be a data-driven company to survive, and so the number of machine learning jobs that need filling is going up and up.

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Machine Learning Engineer Salary – The Impact of Experience Level

Regardless of what industry you are in, experience level is the main driver of salary ranges. The machine learning industry is no different. However, outside of very senior managerial machine learning job roles, seniority does not usually require you to have a decade of experience in fast-growing technology sectors. Here’s a look at the average machine learning engineer salaries and what you can expect to make at various experience levels from entry- to senior-level positions.

  • Entry-Level Machine Learning Engineer Salary

This is where your journey as a machine learning engineer begins. The easiest way for any student or a professional making a career transition to break into machine learning is to join a company as an entry-level machine learning engineer. Most organizations just require a graduate degree and anywhere from 0 to 1 year of experience. For an entry-level machine learning job role, organizations usually recruit fresh graduates from universities and colleges to fill up these positions. According to PayScale, the average entry-level machine learning engineer salary is $94,611.

Junior Machine Learning Engineer Salary

One to four years as an entry-level machine learning engineer or a related role (such as in software development, data analytics, or business analytics) is generally enough experience to be considered for a junior machine learning engineer role. And this kind of experience likely comes with an increase in machine learning engineer salary. Graduates with a Master’s or other related advanced degrees in analytics or data science may be able to bypass the entry-level ML engineer role entirely and begin their career as a junior machine learning engineer.  According to PayScale, the junior machine learning engineer's average salary is $ 111,217.

Machine Learning Engineer Salary By Experience

  • Mid-Level Machine Learning Engineer Salary

The next rung up from machine learning engineer is “mid-level ML engineer”. Again, it will take at least a few years to be considered for this machine learning position, but this level of advancement in career is less about the “time-served” and a lot more about what you’ve accomplished. You will be expected to have an awesome machine learning portfolio by this stage, involving beginner-level machine learning projects that you’ve practiced to advanced machine learning projects you’ve worked on in your role. Mid-level machine learning engineers are professionals that boast around 5 to 9 years of experience in the industry whilst mentoring junior members on the team.

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As a mid-level ML engineer, you’ll still be overseen by a senior machine learning engineer, however, you’ll be expected to make decisions by yourself. With expertise in computer vision, NLP, deep learning frameworks like Pytorch, Keras, and Tensorflow, mid-level ML engineers are responsible for the design and improvement of the end-to-end machine learning solutions. According to PayScale, the average salary of a mid-level machine learning engineer is $137,685.

  • Senior Machine Learning Engineer Salary

There are not many senior machine learning engineers out there and only multinational organizations have the resource to hire these highly experienced machine learning superheroes. These are usually the director-level machine learning engineer jobs that require over 10 years of experience and most of the time organizations are looking for industry-specific expertise when hiring for these jobs. For example, a financial institution will look for a director of machine learning engineering who has experience building highly efficient and accurate machine learning applications for the banking domain such as fraud prevention, risk management, loan underwriting, etc. A senior machine learning engineer leads a team of ML engineers, and in start-ups, they can become an integral part of the overall leadership team. According to PayScale, the average senior machine learning engineer salary is $ 149,177 and can go as high as $165,000.

If you’re looking for a comprehensive insight into becoming a machine learning engineer, check out our 7-Step Guide on How To Become a Machine Learning Engineer.

Machine Learning Engineer Salary – Which skills will earn you a better paycheck?

The skills required for machine learning jobs may slightly differ upon the business domain of the organization. However, the most popular skills for machine learning jobs that can earn you handsome paychecks regardless of the company you're working for include –

  • Computer Vision
  • NLP
  • Python
  • Deep Learning
  • Machine Learning

Most of the machine learning engineer salaries offered also depend on the problem-solving abilities of a candidate and their willingness to learn and adapt to changes. Here is a list of other tech skills that have an impact on the average salaries earned by machine learning engineers –

Machine Learning Engineer Salaries Based on Skills

 

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Machine Learning Engineer Salaries Around The World

Linking ML engineer salary to the location is a common practice that is taken into consideration when making offers to candidates. There is a base average median salary for machine learning jobs then the employers apply a cost living index to make the adjustment on the offer. Consider NYC for example…..the average machine learning engineer salary in NYC  is $122K more than cities like Charleston, Los Angeles. The reason for this is because the cost of living in New York is 4x the other cities. So, it is worth considering the average machine learning engineer salary and cost of living when reviewing machine learning engineer salary offerings for a job.

A Breakdown of Machine Learning Engineer Salary By Country

ML Engineer Salary - By Location

Country

Average Machine Learning Engineer Salary

USA

$113K

India

INR 686K

Europe

€53257

 

Australia

AU$78985

 

Canada

C$85096

 

 

A Breakdown of Average Machine Learning Engineer Salaries in the US

  • Average Machine Learning Engineer Salary San Francisco - $133486
  • Average Machine Learning Engineer Salary NYC – $122000
  • Average Machine Learning Engineer Salary Los Angeles –$101736
  • Average Machine Learning Engineer Salary Seattle -$119854
  • Average Machine Learning Engineer Salary Florida - $93000
  • Average Machine Learning Engineer Salary Boston - $101662

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A Breakdown of Average Machine Learning Engineer Salary in India

  • Average Machine Learning Engineer Salary Mumbai – INR 610419
  • Average Machine Learning Engineer Salary Delhi – INR 750000
  • Average Machine Learning Engineer Salary Bangalore – INR 844175
  • Average Machine Learning Engineer Salary Chennai – INR 692087
  • Average Machine Learning Engineer Salary Kolkata – INR 650000

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Industry-Wise Salary for Machine Learning Engineers

According to the LinkedIn Community, the highest salary for machine learning engineers is in the consumer goods industry. The consumer goods industry pays an average machine learning engineer salary of $150K  and can go as high as $200K.

ML Engineer Salary Top Paying Industries

This is followed closely by the Software & IT services industry, which pays an average salary of $135K and the salaries can go as high as $180K

 

Machine Learning Engineer Salary By Industry

 

Machine Learning Engineer Salaries Offered By Other Industries

  • Median Machine Learning Engineer Salary in Education - $103K
  • Median Machine Learning Engineer Salary in Healthcare - $120K
  • Median Machine Learning Engineer Salary in Finance -$120K
  • Median Machine Learning Engineer Salary in Hardware & Networking - $133K
  • Median Machine Learning Engineer Salary in Manufacturing - $103K

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Machine Learning Engineer Salaries Offered By Top Companies

Organizations are making huge investments in AI and machine learning as every business strives to incorporate machine learning technology into its products, services, and solutions. Machine learning engineer salaries can get much higher with leading technology companies like Google, Apple, Facebook, and the like.

Here are the top highest paying companies for machine learning engineers –

  • Google Machine Learning Engineer Salary - $186112
  • Facebook Machine Learning Engineer Salary - $160,000
  • Reddit Machine Learning Engineer Salary - $137204
  • Apple Machine Learning Engineer Salary - $168137
  • Uber Machine Learning Engineer Salary - $149590
  • LinkedIn Machine Learning Engineer Salary - $154226
  • Goldman Sachs Machine Learning Engineer Salary - $162400
  • Amazon Machine Learning Engineer Salary - $131495

So, Are You Going To Get A Machine Learning Engineer Job?

Planning any career path can be a difficult task, and within machine learning, there are so many choices for machine learning positions across industries where each position comes with a different role and responsibility, that it can be overwhelming figuring out where to get started with machine learning. It’s not as if you can just announce your goals of becoming a machine learning engineer to the world and get hired by Apple or Facebook the next day- what machine learning skills you will need and how to acquire these skills is an important question you need to answer for yourself.

It must be noted that machine learning and artificial intelligence engineers really need to know their stuff in-depth because employers will surely test both your knowledge on the fundamental concepts of machine learning as well as your ability to apply that knowledge to deploy machine learning systems in production. When applying for machine learning engineer jobs, a diverse portfolio of ML projects can help your prospects.  At ProjectPro, we know that the machine learning project portfolio is the secret sauce in getting machine learning engineers into their dream job, whether it’s their first role as an ML engineer or they’re changing careers to follow a lucrative machine learning career path. If you are serious about making a solid machine learning career for yourself, ProjectPro is for you. Get just-in-time learning and start building a diverse machine learning portfolio now!

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