Are you wondering if your machine learning career goals make sense financially? If you are considering career transition and wondering if it is worth your time and money then this article is for you to find out how much salary does a machine learning engineer earn in India.
A popular Quora post has an answer to the question you secretly wanted to know –“ What is the average machine learning engineer salary in India?”. The post is an unending thread of discussion for the reason that the salary of practicing machine learning engineers varies on multiple factors like experience, geography, company, skills, and more.
Here’s the most popular answer to the question –
A recent Gartner report mentions that the rapid growth and adoption of AI will open up 2.3 million job postings in Machine Learning. According to a LinkedIn report on the top 10 emerging jobs in India, the job role of a machine learning engineer has grown 43x in the last 5 years in India. Also, as found in research by Accenture, close to 88% of companies in India are planning to make moderate to huge investments in AI and Machine Learning over the next 3 years. Needless to say, these statistics show that machine learning engineers are highly sought after with the average machine learning engineer salary in India being 794,522 INR. Companies are willing to hire highly talented machine learning experts even if it costs them quite a bit more.
What are the top-paying cities in India for machine learning engineer?
Machine learning engineer salary largely depends on the city you’re located in. So, it should come as no surprise that cities that have a high cost of living like Gurgaon, Bengaluru, Mumbai are the highest paying cities in India for machine learning engineers.
According to LinkedIn Salary Insights, professionals with the keyword “machine learning engineer” in their job title in Gurgaon earn an average salary of 10,20,000 INR per annum (an average of 22% more than the national average). Other cities that pay well for the machine learning engineer job title include Bengaluru, Mumbai, Delhi, and Hyderabad.
How does the machine learning engineer salary vary based on the experience level?
More Machine Learning Experience = More Salary
In an ideal world, your salary grows with your experience. According to PayScale, the average machine learning engineer salary for professionals with 1-4 years of experience is INR 686,344 based on 211 salaries. These are the entry-level machine learning engineers who have just graduated out of college. A mid-career machine learning engineer with 5-9 years of experience earns an average salary of 11, 73, 074 INR.
A matured and highly experienced machine learning engineer with 10-19 years of experience earns an average salary of 20, 38, 729 INR. However considering the potential bonuses and profit-sharing compensation components, an experienced machine learning engineer can make as much as 25 lakhs or more.
The good news for aspiring machine learning engineers is that even if they’ve never held a titled machine learning engineer job, you may have qualifying machine learning pre-requisites. Investing the time in discovering your transferrable ML skills and experiences can have a major impact on the starting salary in your next or first formal machine learning engineer job.
Which are the highest paying companies in India for machine learning engineers?
There are tons of companies springing up with open machine learning positions but you know telling people that you are working at Google, Facebook, or Amazon definitely does carry, ahem and a sort of pride. Some of the top-paying companies for machine learning engineers in India include – Google, Amazon, Facebook, Adobe, Walmart, TCS, Microsoft, Adobe, and more. These companies are a “magnet for aspiring machine learning engineers” and for good reasons considering what they pay. The average machine learning engineer salary at these top tech companies could range from 30LPA to 35LPA based on the experience and kind of real-world problems already worked on.
How to land a top gig as a machine learning engineer?
As you have already noticed that the salaries for machine learning engineers are heading skyward and the best way to be well placed at the top tech companies and earn even more is to pick up and sharpen related machine learning skills to boost your career profile. Here’s the quick checklist to rise to the top in the field and climb up the success ladder as a machine learning engineer with handsome paychecks –
- Master computer science fundamentals – algorithms, data structures, computability, and complexity.
- Brush up your programming skills in one or more programming languages -Python, R, C++, Java.
- Gain an understanding of the basic concepts of math, statistics, and probability.
- Gain knowledge about image processing, natural language processing, and computer vision.
- Distributed Computing
- Keep yourself updated with the emerging trends in the industry.
According to an industry report, more than 50,000 data science and machine learning jobs are lying vacant due to a shortage of skilled talent pool. Moreover, machine learning engineer job postings have witnessed a growth rate of 344% from 2015 to 2019. Now is a good time to become a machine learning engineer as the demand for machine learning engineers in only expected to grow across all industries worldwide. It is not only a rewarding job role but also highly in demand. Picking up machine learning skills is the best career advice we can give to anyone at this moment.
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