Artificial Intelligence Salary in the UK: Top Trends [2024]

Importance of Artificial Intelligence in the Modern Era

While the characteristics mentioned above of jobs in the AI field were intriguing, what was the underlying reason? If you thought of this, here is the reason: 

• It holds the ability to enhance efficiency, contribute to decision-making, and automate tasks 
• AI fulfills the human’s need for instant results 
• It is capable of completing repetitive and time-consuming tasks in less time and with higher accuracy 
• AI is compatible with both technical and non-technical tasks with efficiency 
• It exhibits better risk management and fraud detection abilities owing to higher detail orientation and anomaly detection abilities 
• The capability to detect patterns eases prediction with reliable outcomes
• The analysis-based recommendations are accurate, serve the purpose, and save time 
• It has added new dimensions to the realm of safety and security 
• Use cases of AI have been astonishing and helpful, with examples including self-driving cars, chatbots, and so on 
• Mimicking human intelligence, AI in modern times can be looked forward for innovative solutions to business-related challenges 

Average Salary of an Artificial Intelligence Engineer in the UK

The average salary of AI Engineer in UK lies in a broad range of £ 22,000 to £ 90,000 annually. Here is the estimate from different sources: 

Source	Salary (per year)
Glassdoor	£ 39,000 to £ 68,000
Indeed	£ 49,000 to £ 75,000
DevITJobs	21,700GBP to 90,000GBP

It must be noted that the Average salary of AI engineer in UK varies according to the candidate’s experience, education, certifications, skills, industry of work, geographic location, and multiple other factors. Further, the approximate AI engineer salary in the UK for other associated roles is as follows:

Source	Designation	Salary
Morgan McKinley	AI/ML Specialists	£ 70,000 to 85,000
Indeed	Engineer	£ 44,689
Machine Learning Engineer	£ 68,340
Software Engineer	£ 62,058
Data Engineer	£ 62,021
Data Scientist	£ 59,710
Talent.com	Artificial Intelligence Scientist	£ 52,500

Potential Career Growth Opportunities for Artificial Intelligence

Artificial Intelligence offers a broad spectrum of varieties to individuals with skills in the field. Here are some common opportunities to consider among the vast options: 

Machine Learning Engineer

An ML engineer primarily focuses on researching, building, and designing AI models. They specialize in IT and are concerned with AI automation. They contribute to data analytics prototypes, training datasets, ML frameworks and libraries, ML applications, and others. 

Data Engineer 

Responsible for handling qualitative data, data engineers perform data processing, transformation, and other required procedures essential to making it usable. Their prime roles and responsibilities include developing and maintaining datasets, enhancing data quality and efficiency, and analyzing raw data. 

Software Engineer

With AI being used extensively in all IT jobs, software engineers are among its prime users. They design, develop, optimize, and maintain computer software. They are also associated with executing the full software development lifecycle, coding, documenting and maintaining software functionality, testing and troubleshooting, integrating software components, and much more. 

Data Scientist 

Data scientists are considered data experts with analytical responsibilities to solve complex problems. Dealing with vast amounts of data, their job roles demand data source identification, data collection, and analysis. Further, they offer data-driven solutions to problems through pattern and trend identification, data visualization, and collaboration with distinct teams and team members.

Role of Certifications and Training in AI Engineer Salary in UK

While the role of certifications and training are always assumed to be positive in influencing the Artificial Intelligence salary in the UK, here’s how it actually works: 

• Skill Development: Both certifications and training offer the opportunity to gain hands-on experience on real-world projects. This helps you gain exposure and establish your ideologies and thoughts. It further contributes by letting you develop unique ideas relevant to the company or projects you are applying for. 
• Challenge Handling: With industry experts offering guidance and unique business solutions, you develop analytical skills and the right approach to solving problems. It is the most valuable skill in the corporate world. 
• Advancements: The field of AI is at the forefront. With numerous research and innovations, remaining updated makes you a worthy candidate. Certifications and training are designed to offer the latest experience and exposure, which general courses generally lack. 

Embedding the seeds of required characteristics in a candidate, certifications, and training offers the candidate a stand for negotiating Artificial Intelligence salary in UK. Providing insights into the industry and the complexity of job roles and enlightening about the skills necessary to perform the functions efficiently, candidates get strong positions to pitch their capabilities and importance to the recruiter. 

Future Outlook for AI in the UK

With the progression concerning AI in the UK being undeniable, the European Parliament and Council of EU are likely to offer EU regulations on AI. You can anticipate provisions on general-purpose AI and working AI regulation along with the prohibitions on certain categories of AI. The expectation looms around the hot copyright issue implied on AI’s data usage to train its models.

The AI market in the UK is expected to reach US $12 billion in 2024. The market's annual growth rate (CAGR 2024-230) will be about 14.14%, leading to a market volume of US $26.53 billion in 2030.

Navigating back to the employment aspect of AI in the UK, the government positively perceives the field. AI is considered critical to enhancing productivity. However, on the contrary note, AI has also been quoted as bringing about risks, such as enhancing the spreading of fake news.

The future impact of AI will be visible with: 

• Financial technology companies will bloom 
• The employment rate will increase 
• 5G networks will be a new norm 
• AI will become capable of taking over certain roles 
• It will assist doctors in diagnostic purposes  
• High contribution to high-quality 3D visualization applications 
• Better usage in education, manufacturing, traveling, and other industries 

Conclusion 

Artificial Intelligence is a competitive and advanced field requiring individuals with the uncompromised presence of skills and experience. Crucial to both research and applications in the real world, professionals with the right set of qualities are in a strong position to earn a high artificial intelligence salary in the UK. With the average monthly salary in the UK being around £4600, there is room for career and monetary growth and satisfaction. Elevate your career with the Artificial Intelligence Engineer Masters Program offered by Simplilearn! Dive deep into the dynamic field of AI and emerge as a proficient AI Engineer, ready to tackle the challenges and opportunities in artificial intelligence.

FAQs

1. Which field is best in AI?

The common and wide application-based best fields in AI include Machine Learning engineering, robotics engineering, data science, and computer vision engineering. 

2. Does AI have scope in the UK?

The UK is rapidly gaining traction and witnessing applications in numerous fields, such as healthcare, finance, retail, and others. 

3. Is AI a good career to choose in the UK?

Yes, the UK offers a wide range of career opportunities across different industries in the field of AI.

4. Do AI salaries in the UK vary by experience level?

Yes, besides experience, other factors like industry, skill set, knowledge, and certifications influence the salary. 

5. Are there differences in AI salaries between the private and public sectors in the UK?

Yes, there lies the gap between the AI salaries earned from the private and public sectors in the UK.