Machine Learning Engineers make an average salary of $146,085 in the United States according to Indeed, which listed the position as the No. 1 job in 2019.
Mid-level machine learning engineers typically have five-to-nine years of experience and earn an average salary of $112,095. When you include bonuses and profit-sharing, salaries can get up to $160,000 or more.
For those who pursue freelance or contract work, the average consulting rate can range from $250 – $350 an hour. Or, depending on the scope of the project, some opt to charge a flat rate between $5,000 to $7,000 for a project.
Indeed reports that the role has experienced a 344 percent growth in job postings between 2015 to 2018. Some reports suggest that the highest salaries for Machine Learning Engineers are in cities like New York, Boston, and Chicago. The skills gap between the rapid demand for Machine Learning Engineers and the availability of skilled workers makes this a lucrative career that is in high-demand.
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