The professional role in the field of Machine Learning can provide a very good salary. However, some companies may see the role differently, resulting in a widely varying salary range around the world. In this article, I’ll explain how much salary a Data Scientist or Machine Learning expert earns. Machine learning salary can vary from country to country, so I’ll focus on US dollars.
Salary is always a touchy subject, whether you don’t have the right to talk about it or don’t want to talk about it. Our society has made discussing it incredibly taboo, which I totally disagree with. I know that some companies go to great lengths to make their salaries public, as Indeed does.
However, you could really be wronged by an employer if you reluctantly suggest a salary that you think is a little high, but still relatively low enough, and then find out later that the company was planning to offer thousands of dollars on what you suggested. But, since you first suggested the salary, the company has saved a ton of money, which seems incredibly wrong to do with them.
It’s almost as if employers want their employees and peers not to know what they’re making in terms of wages to protect them, but that backfires on us because you’ll have, say, 10 employees, who have the same experience to varying degrees. salary, and it ends up coming out and feelings can then be hurt.
Salary in Machine Learning
Like others, Data Scientists and Machine Learning experts also get their salary on the basis of their experience. So I have divided the salary into three parts; Junior Level, Mid-level, and a Senior Data Scientist. Now let’s have a look at the average salary they get with their machine learning skills.
Junior Level Data Scientist:
A role like the junior data scientist doesn’t last very long, so don’t worry if that pay scale doesn’t meet your standards or expectations. Since Data Science is a relatively new position in the workforce, or at least officially as a title, most junior roles are just your first position, which will most likely last a year.
After that, you can work for a normal mid-level data scientist position. But let’s not get ahead of ourselves. Because Indeed has up-to-date and popular salary information in general, I will use it as my primary benchmark for salaries. The average for a junior-level data scientist or entry-level machine learning expert is $ 86,000.
Mid-level Data Scientist:
By the time your first two years are over, you will have more confidence not only in your capabilities in machine learning skills but also in your negotiating skills.
Depending on the value of a business, the business may pay less or more. But the average salary for a mid-level data scientist or machine learning expert will be $ 121,000. The business may even pay you a higher price based on your past work and the value of the business.
Senior Level Data Scientist:
By the time you finish your 3-4 years, you will become a high-level data scientist. In this role, it’s not just the machine learning skills you need to work on, there are other responsibilities like leading your research and development team, leading all data scientists, managing and understanding goals. career junior level machine learning experts and provide they operate accordingly.
So at this point, you are not just someone who plays with data, but with your management skills, you are also the next alternative as a CEO if you have made an impact with your management skills. The average salary for Senior Data Scientists is $ 151,000, but again, it depends on the value of the organization. An organization may even pay you more or even less.
I hope you liked this article on what salary you get as a data scientist with your machine learning skills. Fell free to ask your valuable questions in the comments section below.