New York has the highest percentage of AI and machine learning job opportunities in a single metropolitan area, accounting for more than 11 percent of national job ads.
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New York From Silicon Valley to Wall Street, the demand for highly skilled artificial intelligence (AI) and machine learning workers is growing. Anyone looking for employees with such skills should look to the east coast of the United States, according to a report by the global job board Indeed.
Surprisingly, New York – not the tech mecca of San Francisco – has the highest percentage of AI and machine learning job offers in a single metropolitan area, with more than 11 percent of job ads. The limited supply of talent has enabled promising candidates to charge a high price for their skills.
The number of job advertisements that use the terms “artificial intelligence” or “machine learning” has doubled since 2015, and searches for positions in these areas have increased 182 percent over the past three years.
Potential employees are becoming more and more interested in these fields, but more job searches do not necessarily mean more qualified applicants. Because the industries have problems finding enough candidates. Public platforms such as Indeed offer lucrative salaries, but they look pale compared to the top-paying jobs that are filled directly or through headhunters. Then the jobs can also include high bonuses and stock options.
“As AI development and adoption grows across industries, there will likely be more competition for these talent,” said Raj Mukherjee, senior vice president of products at Indeed. “That could be a concern for employers looking for AI-skilled workers, as these jobs require highly skilled workers with experience in natural language processing, machine learning, and data science.”
Technology companies offer the highest salaries
According to a recent report by the rating portal Glassdoor, the technology sector has had the highest-paying jobs in the US over the past four years. Companies like Apple, Amazon, Alphabet, Facebook and Uber have long paid excellent salaries to candidates with high machine learning skills.
These corporations can offer candidates salaries and stock options in excess of $ 300,000, according to Bloomberg Businessweek. But now other industries such as finance and healthcare are also luring with juicy compensation packages to also attract AI talent. Companies typically pay six-figure salaries to attract workers from a limited pool of qualified candidates.
According to the Indeed report, analytics directors had the highest average pay in AI and machine learning this year at $ 140,837.
Publicly advertised positions for senior scientists, machine learning engineers, computer vision engineers, and data scientists also had very competitive salaries, with the lowest median wage well over $ 130,000. These jobs offer up to an additional $ 30,000 if they are in New York or Silicon Valley.
Indeed claims to have analyzed millions of public job advertisements in the United States from June 2015 to June 2018. The report found job titles where more than 20 percent of online postings had “artificial intelligence” or “machine learning” in the description and inferred information about salary and location. However, the calculations do not take into account employee bonuses, stock options or commissions, which can significantly increase annual income.
“Industry has to be creative to resolve the imbalance between supply and demand. One way to do this is to woo job seekers from non-traditional backgrounds or train them on the job, ”says Mukherjee. “As companies continue to adopt AI solutions or develop in-house skills, it is likely that employer demand for these skills will continue to grow.”
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