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[D] Machine Learning Engineer Salary Increase? (alien.top)

submitted 11 months ago by Fluid-Pipe-2831@alien.top to c/machinelearning@academy.garden

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Hey all, I graduated from university last year ago and have been working in a company in Florida as a machine learning engineer. I make 76k a year. This company offers tuition reimbursement for masters degree. Typically, how much of a pay increase do you get after getting your masters?

Follow up question: would getting a masters from an online university (I would still be working full time) be any less prestigious than going in person?

Please, if you’re comfortable, would anyone mind also sharing their personal salary numbers straight out of college and how it’s progressed throughout their career?

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[–] bradvincent@alien.top 1 points 11 months ago

Typically a master's doesn't come with a salary increase. It may make you more competitive for other jobs that have a higher salary. I am sure your company hopes it makes you better at your current job, and it might, but I doubt they intend to pay you more.

I don't know of any prestigious online Universities. I don't think it matters much unless your school isn't even accredited, except a top tier University (e.g. MIT, Stanford, etc) will be worth more monetarily. In my experience, a masters from the 20th best rank University will be seen in industry the same as the lowest ranked accredited school. If you go on towards a PhD, this will be different.

Machine Learning has always been cyclical, it is very high now, and the top jobs are giving top salaries. I remember shortly after 9/11 when an expert on Machine Learning was as in demand as an expert on Bigfoot or UFOs. We saw a big up with Siri, then a down until the current high with ChatGPT. It will go back down and a lot very well paid people are going to be laid off and flood the market. If you are only in it for the money, either stay at your position for a paid master's or take advantage and move to a position that pays more. When I've moved for money, I typically target 20% - anything less is not worth leaving my current job and companies are rarely willing to go higher when they see your current salary. Absolutely nothing wrong with staying a position you like when you can leave for more pay.