How much do machine learning engineers make?
With a projected growth of 38.6% from 2021-2028, machine learning engineers may be one of the best industries within AI to build your knowledge. On the technology bandwagon, machine learning may be one of the most sought-after roles that companies target to boost their sales.
With its promise of boosting the efficiency of companies and optimizing time by creating custom tools, machine learning engineers are requisite to any workplace to guarantee business success.
Find out how much you can earn as a machine learning engineer and what skills you need to hone in order to bump that number!
Here is the summary of the blog to give you a headstart:
- Machine learning engineers make an average salary of $127,303 as per data given in various recruitment websites
- Your ML engineer salary can vary depending on the machine learning skills you possess and your proficiency in them
- As you gain experience in the field, your machine learning engineer salary can increase due to more practical experience
- Data scientists perform more report-based data analytics work that leads to lesser salaries than machine learning engineers
- Top employers that offer the highest ML engineer salary include Google, Apple, Amazon, Facebook, Microsoft, etc.
Before getting into the industry, here are a few questions to clear your doubts:
- What do machine learning engineers do?
- What is the salary of machine learning engineer?
- How much do entry level machine learning engineers make?
- How much do AI and machine learning engineers make?
- Machine Learning Engineer Salary vs Data Scientist
- Do machine learning skills affect machine learning engineer salary?
- Which companies offer the highest machine learning engineer salaries?
With Hiration’s Online Resume Builder, you can create an excellent machine learning engineer resume from our pre-made templates to help you bag a high-paying machine learning engineer job!
Meanwhile, check out similar blogs:
What does Machine Learning mean?
They develop algorithms that deploy statistical models to analyze input data and predict output based on that. The ultimate goal is to bump the efficiency of operations and increase performance in companies by creating appropriate AI tools.
Through AI tools that complement the company’s goals and target audience, it helps them develop and enhance their ideas to appeal better to their audience.
Machine Learning Engineers Roles and Responsibilities
Aside from handling big data and modifying tools, companies may have additional responsibilities like this machine learning engineer job description from Adobe:
Roles and Responsibilities:
- Push the boundaries of online on-policy recommendation and optimization systems
- Develop and implement scalable and efficient models on large-scale datasets to address various business problems through using sophisticated statistical modeling, machine learning techniques.
- Solve challenging Data Science problems such as online learning, reinforcement learning, etc. when solving business problems in digital marketing.
- Gather, synthesize and interpret disparate quantitative information sources, develop meaningful insights, and clearly disseminating to key partners
- Collaborate with product management and engineering groups to develop new products and features.
- Create a winning culture built on collaboration and shared accomplishments- have fun along the way!
- Deep understanding of statistical modeling, machine learning, deep learning, and analytics concepts, and a track record of solving problems with these methods.
- A strong proficiency in querying and manipulating large data sets for analytical purposes using SQL-like languages (Hive/Hadoop experience preferred)
- Proficient in one or more programming languages such as Python, R
- Strong analytical and quantitative problem-solving ability.
- Ph.D. or MS degree in Computer Science, Statistics, Applied Math, Electrical Engineering, Operations Research, Econometrics, or other related fields.
- Excellent communication, relationship skills, and a great teammate.
Are Machine Learning Engineers Well Paid?
Instead of conducting niche surveys, we have amassed data from popular job posting websites which house real-time employers offering job-specific salaries. For machine learning engineers, while the number varies, the variance itself is small as it falls under a similar range.
From the job entries posted on recruitment websites, here is what machine learning engineering jobs earn on average:
- Indeed says that machine learning engineer jobs offer around USD 140,923 yearly as the average income
- On the other hand, PayScale argues that they get paid an average of $113,358 per year
- Glassdoor finds the average machine learning engineering salary to be $131,001 on a yearly average
- Salary has observed the yearly average stipend for machine learning engineer jobs to be USD 121,233
- Whereas, the recruitment tycoon LinkedIn says that the average pay for machine learning engineering jobs is USD 130,000
ML Engineer Salary and Years of Experience
On the spectrum of salaries, the more years of experience you have and the more number of people you manage, the higher will be your machine learning salary.
Depending on the data compiled by PayScale, here is a rundown of how your pay can spike depending on your years of practical experience.
- Machine learning engineer salary for freshers can be around $97,090 per year from the weight of their degree alone.
- Junior machine learning engineer salary with around 1-4 years of experience is usually $112,057 as they have a mix of theoretical and practical knowledge.
- Mid-career machine learning engineers with 5-9 years of experience through expertise in machine learning can earn $138,351 and above depending on location, number of people to manage, and the company’s size.
- Senior machine learning engineer salary with 10-19 years of experience is a yearly average salary of $150,360.
- Whereas a seasoned professional with 20 years of experience and above have a machine learning engineering salary of $162,000.
If you are an entry-level machine learning engineer, consider building your expertise with a few machine learning engineer certifications that can give you more practical experience aside from your degree.
Machine Learning Engineer Salary VS Data Scientist
On the other hand, data scientists can be more report-focused or data analysis-centric than performing software engineering.
Due to this gap in functions performed and extent of work scope, machine learning engineer jobs make more than data scientist jobs.
Along with that comes the complex career options that data scientists have while it is easier for machine learning engineers to travel up their career paths.
Payscale says that while data scientists make around $96,000 and above, machine learning engineers can make up to $113,143 and more.
Artificial Intelligence and Machine Learning Engineer Salary
Artificial Intelligence comprises a much bigger area of study than machine learning, which is itself a subset of artificial intelligence. In this world of IT, artificial intelligence engineers tend to make more than machine learning engineers due to the extent of functions performed.
While the average ML engineer salary is USD 127,303, here is what artificial intelligence engineers are earning:
- PayScale says that AI engineer salary is usually $125,000 as a yearly average
- On the other hand, Ziprecruiter finds yearly artificial intelligence engineer salary to be $164,769
- Glassdoor has observed average AI engineer salary to be $119,297 yearly
Artifical intelligence engineer salary can be higher given the right location, company size, popularity, etc. These numbers are an average from all of the job postings on their websites and it can change drastically sometimes.
Skills that Affect Your ML Engineer Salary
In the world of machine learning, there are a few revered skills that can add great value to your candidacy. Possessing these skills means that you are a knowledgeable employee who can negotiate their salary if you find it to be unsatisfactory.
Aside from expertise in basic programming languages like Python, R, Scala, C++, and Java, you would also need to be acquainted with frameworks such as Keras, Tensorflow, PyTorch, etc.
You would also need to have natural language processing skills, data modeling, and evaluation skills to be a successful machine learning engineer.
According to data amassed from PayScale, here is to what extent your salary would be affected by various machine learning skills:
Popular Employers and Their Average Machine Learning Engineer Salary
- Glassdoor says that machine learning engineer salary amazon can be anywhere from $100,481 to $302,894 for machine learning engineers
- Whereas, an average google machine learning engineer earns between $72,000 to $313,797 as the highest payer for an ML engineer
- Machine learning engineer salary apple can range from $119,224 to $267,481 depending on skills and years of experience
- On the other hand, machine learning engineer salary facebook can be from $185,350 to $207,430 as a yearly average, which is a much higher starting salary than the rest says Salary
- Microsoft offers a pay of $128,514 to $149,789 for its machine learning engineer employees
Working at these companies would take skills and practical experience, which you can hone by working at other companies.
Machine learning engineer salaries depend on a variety of features. Starting from skills, they can change depending on company location and size as well!
Here is what you can take away from this blog to know more about machine learning engineer salaries:
- Machine learning involves software engineering, handling huge data sets, and developing products and features
- Since it involves creating AI tools, ML engineer salary is much higher than that of data scientists and lower than AI engineers
- Machine learning engineer salary can change according to factors such as years of experience and machine learning skills that you possess
- Popular companies such as Google, Apple, Facebook, etc. offer the highest machine learning salary among most companies
Keep these facts in mind to hone your skills and expertise to increase your rewards and raise your machine learning engineer salary!