AI Job Market Trends

There are a lot of questions that arise after the rise of generative AI technology and AI tools like chatGPT. This includes questions like: To understand the current state of the Artificial Intelligence job market, we analyzed 22,087 job positions via portals such as Glassdoor, salary.com, etc. Let’s dive into the findings. Key highlights of the study What are the types of job roles available in AI? 90.7% of job roles available in the artificial intelligence industry are full-time. We analyzed 20,833 jobs, out of which 18,894 were full-time. Then, there are 1059 part-time roles, which is equivalent to 5.1%. Other types of job roles include contract (3.2%), temporary (0.5%), and internships (0.3%). Most jobs available in the AI industry are full-time, and there are not many internship opportunities available for freshers. It also indicates that businesses in the AI industry are taking their work more seriously as they are only seeking full-time resources. There were only 81 internship positions available. It could mean that as a fresher, you might have a hard time finding opportunities to learn. We have gone through some of these jobs on various portals and found that usually, part-time roles are AI and ML trainers and several internship opportunities. These roles are well-paid considering they are part-time and also provide learning opportunities.  On the other hand, full-time roles include robotic scientists, AI product managers, machine learning engineers, data scientists, and deep learning engineers. Full-time roles require more experience and qualifications in the AI industry.  Are there remote jobs available for artificial intelligence? Nowadays, after the impact of COVID-19, there is a significant surge in the demand for work-from-home opportunities. As a leading resume-writing service provider, we have also noticed a substantial increase in clients applying for remote work. Unlike before COVID-19, there is now a widespread demand across various fields, with everyone keen to explore the possibility of remote work. So yes, remote jobs are available in the AI industry. However, their numbers are significantly lower compared to on-site jobs. Out of the 27,633 jobs we analyzed, only 5,546 were remote, which is equal to 20.07%. On the other hand, 71.66% of jobs are on-site. And only 8.20% are hybrid. AI companies are not entertaining the hybrid working model. As AI requires constant training and development, they are sticking to the on-site work culture, as data suggests.  In the AI industry, employees cannot expect to find remote jobs easily. AI is a field that requires constant interaction and team collaboration. Hence, employers can also focus on fostering a culture of teamwork. What is the average salary range of AI jobs in the US? For this, we analyzed 41,504 jobs and found that the average annual salary in the AI industry is $75,000 in the USA. 50% of jobs fall into this category. Then, 11.2% (4,648) jobs have a salary range of $140,000-$170,000. There are 4,488 (10.8%) jobs paying more than $170,000.  These numbers indicate that businesses are willing to invest in good AI resources. The average annual salary might not look much. However, high-paying opportunities are still available if you are an artificial intelligence expert.  We specialize in C-suite resume writing, working closely with high-level executives to craft tailored resumes. In our conversations with these leaders, we gain valuable insights into AI job opportunities. Recently, while discussing a resume with an AI engineer, he expressed a vision for the future, foreseeing a scenario where it becomes commonplace to have a dedicated professional overseeing the AI department in every company. What is the average annual salary of AI jobs by region? We analyzed 30 states and calculated the average annual salary in the US for an AI job is $139,496. Delaware has the highest average salary at $205,000. On the other hand, Wisconsin has a minimum average wage of $50,014 in our list. However, most US states show an average salary between $100,000-$200,000. The second-highest average salary for an AI job is in New York at $190,000, and Washington is at the third spot with $167,000. The AI industry showcases a promising career with such high annual packages. A Forbes’s report suggests that the overall average salary in the US is just $59,428. Even in the IT industry, the annual salary is averaged at $70,116. This data suggests that the AI industry is a good career option in terms of annual income.  Which top US companies are hiring in AI? Accenture is the leading US company with the most AI jobs. It currently has about 33,000 AI job openings. We have the US Department of Veterans Affairs at the second spot with 6100 openings. IBM is the third company with the most AI jobs in the market. It might come as a surprise to many, but the world’s largest search engine, Google, is at the 11th spot with only 1,500 AI job openings. One of the world’s biggest brands, Apple, is at the 5th spot with 4600 openings, just 200 short of Citi, which acquired the 4th spot. Top companies hiring AI Job openings on Glassdoor Accenture 33000 US Department of Veterans Affairs 6100 IBM 5400 Citi 4800 Apple 4600 Compass Group 4000 Lockheed Martin 3900 Wells Fargo 2500 Ford Motor Company 2500 Intel Corporation 2100 Google 1500 Top Job Locations in the US by Number of Available AI Jobs After analyzing 5,616 jobs in cities with the most AI jobs, San Francisco comes out on the top. 807 AI jobs are available in San Francisco, which make up 14.37% of all available jobs. New York and Washington DC secure the second and third spot with 12.50% and 11.34% jobs. The rest of the cities have less than 10% jobs with not too much difference. Boston got the bottom spot on the list with 458 jobs, i.e., 8.16%. However, anyone searching for an AI job can move to any of these locations for better chances.  Number of available AI jobs by experience in the US 2024 We carefully studied 22,807 AI jobs that require various experience levels and