Salaries of B.Tech Artificial Intelligence and Machine learning in India

For a while now, one of the hottest buzzwords in the computer world has been the B. Tech in artificial intelligence and Machine Learning. Data Science is developing at a rapid rate, and AI and ML are following suit. In fact, Gartner estimates that by 2025, AI will generate over 2.3 million new employment because of the industry's quick adoption of the technology.

Read on to learn about the top job roles for B. Tech artificial intelligence and Machine Learning graduates and the compensation range in India if you are a part of or aspire to be a part of this fast-paced, inventive, and demanding business.

In essence, artificial intelligence (AI) is a vast field that includes, among other things, machine learning, deep learning, and natural language processing (NLP). As a result, the range of AI applications in various fields is very broad, encompassing developments like augmented reality and virtual reality, intelligent personal assistants, the Internet of Things, gaming, robotics, face recognition software, speech recognition, vision recognition, recommendation engines, and much more.

To build a career in AI and ML, students often take admission to B. Tech in Artificial Intelligence and Machine Learning degree programs.

This must have inspired you to join the ever-evolving field of AI and ML, we can guarantee it! So the first question arises - What is the normal artificial intelligence wage in India?

Salary Levels for B. Tech AI and Machine Learning in India

Naturally, the diversity of AI employment roles and their associated compensation packages increases with the variety of applications. For instance, mid-level and senior-level artificial intelligence pay in India might earn more than Rs. 50,00,000 while the entry-level artificial intelligence salary in India for roughly 40% of professionals earns about Rs. 600,000. 

To meet the rising demands of talent in industries that have undergone digital transformation, jobs for B. Tech in Artificial Intelligence and Machine Learning graduates have reached a pinnacle in recent years. In the last three years, the demand for AI capabilities has more than doubled, and job postings in the field have increased by an astounding 119%, according to 2021 Indeed research.

Unfortunately, there aren't enough competent graduates in B. Tech Artificial Intelligence and Machine Learning available to fill these openings. In India, there are "approximately 4,000 roles that stay empty due to a shortage of competent people at the mid and senior level," according to a survey conducted by Analytics India Magazine in partnership with Great Learning.

Because AI is still a developing technology and necessitates a distinct and specialized set of abilities, there is a shortage of trained people in this field. The wage range of artificial intelligence in India is high due to the lack of talent in this industry. Your pay will increase as you get more knowledge and expertise in this field.

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Education Requirements for a Career in AI and ML

A bachelor's degree in mathematics, statistics, computer science, or information technology is typically required for entry-level AI positions. However, candidates for senior-level positions (managerial/administrative or R&D responsibilities) must hold a master's or doctoral degree in the aforementioned subjects or a closely connected one (Engineering).

An ambitious AI practitioner must be well-versed in the following fields in terms of both abilities and knowledge:

• Mathematics (algebra, calculus, logic and algorithms, probability, and statistics)
• Computer science (proficiency in coding in multiple programming languages)
• Bayesian networking (including neural nets)
• Cognitive science theory
• Engineering
• Robotics
• Physics

Enrolling in AI certification classes, training programs, or online boot camps makes upskilling for AI job roles comparatively easier for IT professionals who are already employed in the industry.

While the average AI experience of Indian professionals is typically around three years, approximately 57% of Indian organizations looking for AI job opportunities look for applicants with more than five years of expertise or graduated in 4 year B. Tech Artificial Intelligence and Machine Learning degree program.

Artificial Intelligence Compensation Packages in India

As we previously indicated, the starting wage for B. Tech in Artificial Intelligence and Machine Learning fresher’s in India is approximately Rs. 6 LPA and can go as high as Rs. 12 LPA. Reputable firms like Amazon, Flipkart, Google, Facebook, etc. typically provide higher-end salaries. For positions involving machine learning, the beginning pay for new hires is typically Rs. 8 LPA, and it can range from Rs. 10-15 LPA, depending on the position, the candidate's skill set, and their educational history. Candidates with a few years of job experience and solid basic knowledge in data science can make up to Rs. 17 LPA.

Artificial intelligence salaries in India are significantly higher than the national average for the majority of AI job profiles; specialists with AI expertise and minimum educational requirements make more money than others with comparable educational backgrounds (without AI skills).

For instance, you can make between Rs. 5 and 20 LPA if you have 2-4 years of expertise in AI. The median compensation for professionals with 4–8 years of experience might be in the region of Rs. 35–50 LPA, and those with more than 10 years of experience can make more than Rs. 1 crore annually.

Artificial intelligence job roles have different annual income packages depending on the region. Bengaluru follows Mumbai with a pay of Rs 14.5 LPA, which is higher than Mumbai's highest Artificial Intelligence salary in India of Rs 15.6 LPA. Chennai provides the lowest compensation package in India for artificial intelligence talent, at about Rs. 10.4 LPA.

Here are some of the highest-paying AI job descriptions and their corresponding average yearly salaries:

Fractal Analytics, Deloitte, IBM, Accenture, Amazon, LinkedIn, Citrix, Verizon, SAP Labs, Nvidia, Tech Mahindra, Flipkart, and Myntra are a few of the top employers in India for AI specialists.

Conclusion

Demand for B. Tech Artificial Intelligence and machine learning graduates in India is always rising as a result of the country's rising need.

We sincerely hope you enjoyed reading about the artificial intelligence salaries in India. These figures are only estimates. The mastery of your talents, how rapidly you advance within the organization, and how swiftly you expand are the main determinants of your pay. In this post, we've covered a few of the aspects that affect artificial intelligence salaries.

One of the best benefits available in India is the pay grade of artificial intelligence specialists. Your market value will be determined by your qualifications, level of experience, and location.