Prompt Engineer Salary in 2023

Salary details

The average Prompt Engineer salary lies between USD 112,000 and USD 184,000 globally. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Nov. 17, 2024

Salary trend

Top 20 Job Tags for Prompt Engineer roles

The three most common job tag items assiciated with Prompt Engineer job listings are Python, Engineering and LLMs. Below you find a list of the 20 most occuring job tags in 2023 and the number of open jobs that where associated with them during that period:

Python | 22 jobs Engineering | 19 jobs LLMs | 19 jobs Computer Science | 16 jobs Prompt engineering | 16 jobs Machine Learning | 14 jobs NLP | 11 jobs GPT | 11 jobs ML models | 8 jobs Research | 7 jobs Testing | 7 jobs GPT-3 | 7 jobs R | 6 jobs TensorFlow | 6 jobs PyTorch | 6 jobs Architecture | 6 jobs R&D | 6 jobs BERT | 5 jobs OpenAI | 5 jobs Generative AI | 5 jobs

Top 20 Job Perks/Benefits for Prompt Engineer roles

The three most common job benefits and perks assiciated with Prompt Engineer job listings are Career development, Health care and Flex hours. Below you find a list of the 20 most occuring job perks or benefits in 2023 and the number of open jobs that where offering them during that period:

Career development | 15 jobs Health care | 12 jobs Flex hours | 8 jobs Flex vacation | 8 jobs Startup environment | 8 jobs Competitive pay | 8 jobs Equity / stock options | 6 jobs Parental leave | 6 jobs Medical leave | 4 jobs Insurance | 4 jobs Wellness | 3 jobs Salary bonus | 3 jobs Unlimited paid time off | 3 jobs Fertility benefits | 3 jobs 401(k) matching | 1 jobs Lunch / meals | 1 jobs Team events | 1 jobs Relocation support | 1 jobs Snacks / Drinks | 1 jobs Home office stipend | 1 jobs

Salary Composition for a Prompt Engineer

The salary composition for a Prompt Engineer can vary significantly based on factors such as region, industry, and company size. Typically, the salary is divided into a fixed base salary, performance bonuses, and additional remuneration such as stock options or benefits. In tech hubs like Silicon Valley, the base salary might be higher due to the cost of living and competitive market. Bonuses are often tied to individual or company performance and can range from 10% to 20% of the base salary. In larger companies, additional remuneration might include stock options or restricted stock units (RSUs), which can significantly increase total compensation. In contrast, smaller startups might offer equity as a larger portion of the compensation package to attract talent.

Steps to Increase Salary

To increase your salary from a Prompt Engineer position, consider the following strategies:

• Skill Enhancement: Continuously update your skills in AI/ML and data science. Specializing in a niche area or mastering a new technology can make you more valuable.
• Advanced Education: Pursuing a master's degree or Ph.D. in a related field can open up higher-paying opportunities.
• Networking: Build a strong professional network to learn about higher-paying opportunities and gain insights into industry trends.
• Performance Excellence: Consistently exceed performance expectations to position yourself for promotions and salary raises.
• Negotiation Skills: Improve your negotiation skills to better advocate for higher pay during performance reviews or when switching jobs.

Educational Requirements

Most Prompt Engineer positions require at least a bachelor's degree in computer science, data science, engineering, or a related field. However, a master's degree or Ph.D. can be advantageous, especially for roles in research-intensive companies or those requiring deep technical expertise. Coursework in machine learning, natural language processing, and data analysis is particularly relevant.

Helpful Certifications

While not always mandatory, certain certifications can enhance your profile and demonstrate your commitment to the field. Some valuable certifications include:

• Certified Machine Learning Professional (CMLP)
• TensorFlow Developer Certificate
• AWS Certified Machine Learning – Specialty
• Microsoft Certified: Azure AI Engineer Associate

These certifications can validate your skills and knowledge, making you a more attractive candidate to employers.

Experience Requirements

Typically, a Prompt Engineer role requires 2-5 years of experience in AI/ML, data science, or a related field. Experience with natural language processing (NLP) and familiarity with AI frameworks and tools are often crucial. Prior experience in roles such as data scientist, machine learning engineer, or software developer can be beneficial.

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