Among new-age jobs offered in the corporate sector, artificial intelligence (AI) and machine learning (ML) related jobs are the highest paying, according to a report.
A report released by talent platform Foundit on Thursday said that AI/ML roles had the highest average minimum salary (Rs 78 lakh per annum) and average maximum salary (Rs 1.03 lakh per annum) for entry-level employees, indicating strong demand for the skills even at the entry level.
AI/ML professionals are among the highest paid across new-age roles at mid- and senior-level levels. The highest average annual salary for mid-level AI/ML professionals (7-10 years of work experience) is INR 2.86 million, followed by software development roles at INR 2.53 million.
“Skilling is now a board-level discussion topic in India.”
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The report assessed salary trends across various new-age functions including AI/ML, cloud computing, data science and analytics, cyber security, digital marketing, UI/UX design, and software development.
Further, the hiring landscape for Indian companies is undergoing a major transformation with a 41% increase in the number of skill assessments conducted over the last two years (2022-2024), highlighting the growing importance of skill verification in the modern job market, the report said.
“Last year, 72% of companies valued a candidate's adaptability and commitment to continuous learning over their degree or experience. This year, that number has risen to 81%. As organizations embrace this change, choosing the right approach to skills assessment and selecting the right tools will be key to making informed hiring decisions. Increased skill-based hiring will undoubtedly lead to a more level playing field for job seekers,” said Sekhar Garitha, CEO, Foundit.
According to the report, cloud computing ratings increased by 55%, followed by AI and ML skills ratings increasing by 50%, digital marketing skills ratings increasing by 40% and product management skills ratings increasing by 30%.
According to the report, the increase in AI/ML skills assessment coincides with a 50% increase in enrollments in AI/ML courses, driven by the growing application of AI technologies in industry.
“AI and ML job postings grew 12 percent last year. Other new-age skills are also seeing a surge in new job opportunities. For example, UI/UX design roles have grown 35 percent annually, project management roles have increased 30 percent, while digital marketing and content writing roles have grown 28 percent each,” the report adds.
