TLDR:
AI jobs are paying on average 77% more than other jobs, with entry-level positions paying more than twice the average salary. A new role has emerged in digital want ads: prompt engineering, which is attracting salaries up to $449,000 a year and doesn’t require any engineering skills. The financial allure of AI jobs is undeniable, with top earners making up to $95,500 per year. The highest paying cities can see prompt engineering salaries up to $80,745.
Overview:
In a booming tech revolution, AI-related jobs are not only becoming more plentiful, but they are also offering significantly higher paychecks. A recent study from Bizreport indicates that AI roles are offering 77.53% higher salaries than other occupations, marking the start of a lucrative era for those equipped with AI skills.
Entry-level positions in AI are paying more than twice the average salary, with salaries up to $449,000 a year. This surge in compensation isn’t limited to seasoned tech experts, as a new role in digital ads—prompt engineering—only requires a basic understanding of programming and AI models and is attracting high salaries.
According to ZipRecruiter, the average salary for prompt engineers is $62,977 annually, with top earners making up to $95,500 per year. Prompt engineering salaries can reach up to $80,745 in cities like Berkeley, California.
The study also found that computer science salaries in the US witnessed an average increase of 45.87% from 2022 to 2023. Entry-level positions in AI-related fields earn about 128.23% more than non-AI positions.
LinkedIn data shows that job posts mentioning artificial intelligence or generative AI have seen 17% greater application growth over the past two years. The study projects that by 2024, there will be potentially more than 131,000 AI-related jobs for the computer science market.
AI jobs, particularly in prompt engineering, are now being targeted to those from non-traditional backgrounds. With impressive pay and accessible entry routes, AI jobs are currently creating better opportunities than they are taking away. However, competition in the field is increasing, with independent prompt engineers using their knowledge to push AI models beyond their limits.