In India, the demand for generative AI-related roles is definitely on the rise, with a recent report revealing that senior developers working in the generative AI field are likely to earn an annual salary of over Rs 10 million, while entry-level employees are likely to earn around Rs 1.8 million.
Moreover, Indian technologists say adding AI, generative AI, and related skills is boosting salaries, and they are demanding salaries 30-50% higher than those without such expertise.
AIM Research It noted that the average salary for generative AI developers and engineers ranges from Rs 1.11 lakh to Rs 1.25 lakh per year.
Upon further investigation, target The average salary for an entry-level AI engineer at a company like Accenture is 85 lakh per annum.compared to A typical software engineer takes home around Rs 500,000-600,000 per year.Furthermore, AI engineers with generative AI skills can: 50% increase in salary.
Notably, Accenture recently won a generative AI deal worth $1.1 billion.
target He also noted that generative AI consulting roles at Accenture command salaries significantly higher than software engineering and technology roles. Annual salary: 350,000 rupees (basic salary: 210,000 rupees).
“GenAI is definitely creating a new market, and companies and VCs are rapidly building and leveraging it, which is why people in this field are commanding above-average salaries,” said Mankaran Singh, founder of Flowdrive.
He further noted that any engineer with expertise in deep learning can get started with just two to three months of study and begin contributing to the development of generative AI.
An interesting story emerged. target We spoke to Izam Mohammed, an AI/ML engineer who never attended college but now earns hundreds of thousands of rupees. He landed the job at the age of 18, using the credibility and skills he gained through online resources to create a Python (ragrank.readthedocs.io) library for evaluating RAG models.
Moreover, as Global Capabilities Centres (GCCs) establish their base in India, the country's young talent can seek employment opportunities to build high-paying careers leveraging their generative AI skills.According to consulting firm ANSR, around 90% of GCCs in India plan to harness the potential of AI, ML and cognitive computing in the next two to three years.
According to a report, mid-career software professionals in the GCC segment will graduate in around 3-5 years. 8 years of experience, Typically, the salary starts from Rs 150,000. Up to INR 350,000 per year.
Recently, AMD expanded its GenAI team in India, employment Machine learning research scientists/engineers at various levels.
Please have a look at the job postings below:
1. https://t.co/TxNZM76nDi
2. https://t.co/Mgf2IACyVe[These roles are based in India]#ai #machinelearning #generativeai #AMD #hiring #research #phd
— pkms🍕 (@PrakamyaMishra) April 10, 2024
What about AI startups?
target To understand how generative AI will impact compensation packages, we got in touch with Pratik Desai, founder and computer scientist at KissanAI.
Desai said that people who can conduct research using models, fine-tuning, tokenizers, and have a deep understanding of neural networks typically move to the United States. They can earn a “higher salary” instead of “30-50%”.
Moreover, he said, salaries for traditional software development roles that require knowledge of libraries such as Llama Index and RunChain to help develop AI projects will eventually rise. “Maybe not immediately, but it will rise. The first places to see a rise will be in established tech startups,” he added.
Ankush Sabharwal, chief of CoRover AI, said: target What is the average salary of a GenAI tech developer in India? INR 800,000 to 2.4 million per yearDepending on experience and skillset, he categorizes talent into two categories: GenAI technology developers and business problem solvers.
GenAI Technology Developer He is a technology guru specializing in machine learning, deep learning, coding languages, and generative models. Business problem solver Possesses strong problem-solving skills, business acumen and a deep understanding of data.
The latter role involves playing a detective-like role, identifying problems, understanding industry nuances, and unlocking the full potential of data to leverage GenAI effectively, Sabharwal said. Both roles have significant earning potential, attracting skilled professionals to the dynamic and impactful realm of GenAI job opportunities, he added.
“The average salary of an ML engineer is Indian Rupee 3-4 million rupees per year“If you're a good ML engineer at GenAI, your salary should be above SWE-level salary, whether you're at GenAI or not,” said a GenAI engineer at Sarvam AI.
Indian IT is low wages in GenAI
The Indian IT industry is betting big on generative AI, with TCS recently announcing plans to train over 350,000 employees in AI skills and hire 40,000 fresh graduates in FY25.
TCS claims to be training its employees in generative AI, but the exact focus and content of this training remains unclear. Meanwhile, the starting salary for new recruits at TCS is 300,000-400,000 INR per yearremained below industry standards.
target When contacted, employees working on generative AI at TCS were told that the pay structure for the company's GenAI resources will remain unchanged and salary increments will also be based on the company's financial performance and the business unit's budgetary allocations.
“I, 25%-30% “Even if you move to another company, the skills you need to be an engineer at GenAI are the fundamentals of AI algorithms such as machine learning, deep learning, neural networks and NLP,” he added.
When asked about TCS's training focus on generative AI, he explained, “TCS is releasing various courses on GenAI on our in-house platform to upskill our employees so that they can deploy resources on client projects.”
He further added, “In addition to the courses, TCS is also providing free vouchers for Azure certification exams, access to Google Cloud, Nvidia portal access for participating in workshops, etc.”
Due to the low salary, many employees choose to work for startups, GCC, large tech companies like Microsoft, Google, Meta etc. These companies offer high compensation packages such as: 150,000 to over 400,000 per year Excluding bonuses and stock options, up to 100 million rupees For senior managers and leaders.
