AI Job Market in India 2024: Comprehensive Report on Opportunities, Salaries, and Key Sectors

This report provides a comprehensive analysis of the AI & Analytics job market in India, offering a detailed examination of key trends and patterns in job openings. By delving into various aspects of the AI job market, the report aims to inform and guide job seekers, employers, and policymakers.

Through an in-depth exploration of sectoral distributions, jobs available across years of experience, geographical concentrations, and other critical factors, this report serves as an essential resource for understanding the current state and future prospects of AI job opportunities in India.

Key Highlights of the Report:

1. The AI job market experienced significant fluctuations between December 2022 and June 2024, with a notable peak in September 2023 at ~72,000 open jobs and a low in June 2024 with ~ 66,000 open jobs for AI professionals, reflecting both periods of growth and contraction.
2. In 2024, AI job openings are predominantly for professionals with 2-5 years of experience 34% and 5-7 years of experience 25%, indicating a strong demand for mid-level expertise, while entry-level and highly experienced roles were less common.
3. In 2024, 44% of AI job openings favored graduates with a technical background, followed by 21% for non-technical graduates.
4. In 2024, 63% of AI job openings are in foreign multinational corporations, significantly outpacing other company types.
5. The majority of open AI jobs fell within the salary brackets of 6-10 LPA 33% and 3-6 LPA 25%. Higher salary brackets saw significantly fewer opportunities, with only 1% of jobs offering between 50-75 LPA and none exceeding 75 LPA, indicating a concentration of AI roles in the mid-range salary levels.

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