A recent job listing for an AI product manager at Netflix caused a viral sensation due to its total compensation package of up to $900k. This offers a glimpse into the earning potential of top AI talent. In the finance sector, demand for AI professionals is growing, and they can indeed compete in terms of compensation if they find the right opportunities. Hedge funds, for example, are increasingly incorporating AI into their quantitative trading process, resulting in high salaries for AI experts. According to Junta Nakai, the former Goldman Sachs salesman and global head of financial services at Databricks, top AI talent can earn between $320k and $430k straight out of college. This demonstrates how AI professionals are catching up with investment professionals in terms of pay, as technology has become a significant source of competitive advantage. Most major hedge funds, including Citadel and Point72, are actively hiring in the field of AI. However, when it comes to banks, the situation is not as clear-cut. While some banks are actively seeking AI professionals, others have a limited number of AI-related job listings. For instance, JPMorgan and Goldman Sachs stand out with their dedication to AI, while Citi's numbers may seem underwhelming compared to its plans for extensive tech hiring.
Nonetheless, there are interesting AI roles within banks, such as a generative AI project in London. Banks generally offer fewer AI roles than hedge funds, and their salaries tend to be lower as well. For example, a senior associate graduate hire in AI research at JPMorgan can earn between $133k and $195k. However, there are still high-earning opportunities available, such as Goldman's VP position for NLP engineering with a potential salary of up to $250k. Fintech is another sector where machine learning is highly valued, with companies like Stripe actively hiring machine learning engineers. Stripe's highest-paying role, a staff engineer/technical leader, can earn a base salary of $484. 6k. Other fintech companies like Monzo, Plaid, and Ramp also have machine learning job openings. It should be noted that not all positions in the fintech sector pay as handsomely as those at Stripe. Lastly, while leaving comments on this article, please be patient as they are moderated by human beings, and it may take some time for your comment to appear, unless it violates community guidelines.
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