A new salary survey of AI professionals and data scientists finds unprecedented annual increase in compensation for data analysis skills and experience.
Analyst working with Business Analytics and Data Management SystemfThe Burtchworks survey of 1,841 data professionals , conducted from May 2021 to April 2022, found “the largest salary increases we have ever reported, across all job levels.
The most notable salary increases were across all managerial levels, with companies looking for “professionals who have extensive experience and are able to hit the ground running, especially given the Great Resignation and the prioritization of efficiently managing internal teams,” according to the report.
The median base salary for data scientists as individual contributors ranges from $90,000 for level 1 individual contributor to $145,000 for level 3 individual contributor. For data science managers, the median base salary ranges from $155,000 to $275,000, depending on the level of experience. The 75percentile of the base salary for a data science manager at level 3 is $310,000, an annual increase of 13%.
The median base salary for AI Professionals as individual contributors ranges from $105,000 for level 1 individual contributor to $175,000 for level 3 individual contributor. For AI managers, the median base salary ranges from $167,000 to $275,000, depending on the level of experience. The 75percentile of the base salary for an AI manager at level 3 is $300,225, an annual increase of 9%.
Burtchworks notes that “our data and conversations with both employers and professionals indicate that 2022 data science and AI hiring is robust.” But given the recent first signs of hiring freezes and even layoffs, Burtchworks also sounds a note of caution about the near future: “These uncertain times are causing a ripple in many industries: funds are slowing for smaller, newer companies and interest rate increases are impacting financial services firms.
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