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Hourly rates in the field of artificial intelligence

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Artificial intelligence (AI) hourly rates can vary widely depending on experience, area of expertise, industry, location and type of service. AI encompasses a wide range of applications, including machine learning, deep learning, natural language processing, computer vision and more. Here are rough benchmarks for hourly rates in AI in different regions:

Europe:

Entry or junior AI specialist: €40 - €80 per hour

Experienced AI specialist: 80 € - 150 € per hour

Senior AI specialist or subject matter expert: 150 € and more per hour

USA:

Entry or junior AI specialist: $60 - $120 per hour

Experienced AI Specialist: $120 - $250 per hour

Senior AI specialist or subject matter expert: $250 and up per hour

These estimates are general and may vary depending on the area of expertise (e.g., machine learning, data science, computer vision), the reputation of the AI expert, and the type of service.

Since AI is a high-demand field, AI specialists should consider their own experience and expertise, as well as the value they can add to clients, when setting prices. Exact hourly rates may also depend on the complexity of projects and specific service offerings. It is advisable to research current market data and pricing in your region and industry to determine competitive hourly rates.

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Hourly rates in marketing

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Hourly rates in marketing can vary depending on the field, experience, specialization, geographic location and type of project. Here are some rough guidelines for hourly rates in marketing in various fields:

General marketing:

Entry or junior marketers: €20 - €50 in Europe / $20 - $50 in the U.S.

Experienced marketers: €50 - €100 in Europe / $50 - $100 in the US

Marketing managers or subject matter experts: €100 and up in Europe / $100 and up in the US

Digital marketing:

Entry or junior digital marketers: €25 - €60 in Europe / $25 - $60 in the US

Experienced digital marketers: €60 - €120 in Europe / $60 - $120 in the US

Digital marketing managers or subject matter experts: €120 and up in Europe / $120 and up in the US

Content marketing:

Emerging or junior content marketers: €20 - €50 in Europe / $20 - $50 in the US

Experienced content marketers: €50 - €100 in Europe / $50 - $100 in the US

Content marketing managers or subject matter experts: €100 and up in Europe / $100 and up in the US

Social Media Marketing:

Entry or junior social media staff: €20 - €50 in Europe / $20 - $50 in the US

Experienced social media staff: €50 - €100 in Europe / $50 - $100 in the US

Social media manager or subject matter expert: €100 and up in Europe / $100 and up in the US

Please note that these are only general estimates and actual hourly rates can vary widely depending on various factors. The marketing industry is broad, and rates can vary widely depending on specialization and demand. Before setting your rates, conduct thorough market research to understand current rates in your industry and region. Also consider your own experience, expertise and the value of your services when setting prices.

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What does a Data Scientist earn?

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The salary of a Data Scientist can vary widely depending on several factors such as location, experience, education, industry, company size and area of responsibility. Data Scientists are highly skilled professionals who analyze data to identify insights, patterns and trends to make better business decisions. Here are some rough benchmarks for Data Scientist salaries in different regions:

Europe:

Entry or Junior Data Scientist: €30,000 - €50,000 per year

Experienced Data Scientist: €50,000 - €80,000 per year

Senior Data Scientist or Subject Matter Expert: €80,000 and above per year

USA:

Entry or Junior Data Scientist: $60,000 - $90,000 per year

Experienced Data Scientist: $90,000 - $120,000 per year

Senior Data Scientist or Subject Matter Expert: $120,000 and up per year

These numbers are general estimates and can vary widely by region and specific factors. It's also important to note that demand for Data Scientists is high in many industries, which can affect salaries. Some industries that rely heavily on data analytics, such as technology, finance, healthcare, and e-commerce, often offer higher salaries for Data Scientists.

In addition to base salary, Data Scientists may also benefit from bonuses, stock options, or other forms of compensation. It's a good idea to consult current data from salary surveys, professional associations, and industry sources to get an accurate picture of salaries for Data Scientists in your region and industry.

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What does a Data Analyst earn?

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The salary of a Data Analyst can vary greatly depending on location, experience, education, industry, company size, and area of responsibility. Data Analysts are professionals who analyze data to gain insights and patterns that help in decision making and problem solving. Here are rough benchmarks for Data Analyst salaries in different regions:

Europe:

Entry or Junior Data Analyst: €25,000 - €45,000 per year

Experienced Data Analyst: €45,000 - €70,000 per year

Senior Data Analyst or Subject Matter Expert: €70,000 and above per year

USA:

Entry or Junior Data Analyst: $50,000 - $70,000 per year

Experienced Data Analyst: $70,000 - $90,000 per year

Senior Data Analyst or Subject Matter Expert: $90,000 and up per year

These figures are general estimates and may vary by region, industry, and individual factors. Demand for Data Analysts is high in many industries as companies increasingly use data to support their business decisions

It is advisable to review current salary data from trusted sources such as salary surveys, job portals, or professional associations to get accurate and up-to-date information about Data Analyst salaries in your region and industry.

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What does an AI specialist earn?

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The salary of an Artificial Intelligence Specialist (AI Specialist) can vary significantly depending on location, experience, education, industry, company size, and area of responsibility. AI specialists are highly skilled professionals who focus on the development and application of artificial intelligence (AI) and machine learning (ML) in a variety of application areas. Here are rough benchmarks for AI specialist salaries in different regions:

Europe:

Entry or junior AI specialist: €40,000 - €60,000 per year

Experienced AI specialist: €60,000 - €100,000 per year

Senior AI specialist or subject matter expert: €100,000 and above per year

USA:

Entry or junior AI specialist: $60,000 - $80,000 per year

Experienced AI Specialist: $80,000 - $120,000 per year

Senior AI specialist or subject matter expert: $120,000 and up per year

These estimates may vary by region, industry, and individual factors. With demand for AI experts surging in many industries, salaries for skilled AI specialists are often competitive

It is advisable to review current salary data from trusted sources such as salary surveys, job portals, or professional associations to get accurate and up-to-date information on salaries for AI specialists in your region and industry.

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