Artificial intelligence (AI) is top of mind for many today, with thought leaders across all industries discovering new and exciting ways to leverage this advanced technology. In recent years, AI technology has improved access to education, streamlined productivity in offices across the world, and led to more refined, personalized search results for internet users of all ages. With AI and machine learning (ML) poised to play a pivotal part in shaping the global landscape in the years to come, tech-focused professionals may wonder: Is a master’s in AI worth it?
The Role of Advanced Education in the AI Job Market
The computer and information technology (IT) field is expected to see substantial growth in employment over the course of the next decade, with advancing AI technology having a considerable impact on these rates. According to the United States Bureau of Labor Statistics (BLS), about 356,000 new roles in computer science and technology are projected to open up each year between 2023 and 2033, with many of those positions being AI-related across a range of industries.
Education has an essential role in the AI job market, as most employers seek candidates with an undergraduate degree in a related field, such as computer science or data analysis. Though graduate degrees may not be required for entry-level employment, a master’s degree in AI can provide you with a competitive advantage in this realm.
Do Employers Require a Master’s Degree for AI Roles?
According to TechTarget, most employers do not require a master’s degree for AI engineering roles and other AI positions. However, a master’s degree program is a worthwhile investment because it can provide you with an advanced understanding of AI technology and allow you to pursue higher-level or more specialized positions in the AI and machine learning fields. In general, investing in a graduate degree program can expand the opportunities available to you and possibly increase your earning potential over the course of your career.
AI and ML Job Market Trends
While other computer science areas of study tend to limit professionals to the technology sector, the demand for AI and machine learning experts has increased significantly across all fields. Given the broad impact that AI technology will continue to have on the global economy, it’s not surprising that nearly every industry can benefit from AI and ML professionals who possess a firm grasp of how to responsibly harness the power of this technology.
According to LinkedIn, the job outlook for AI and machine learning professionals is positive, and hiring demand is expected to increase in the coming months. By combining your technical prowess with the most critical AI soft skills, you will be equipped to pursue the most rewarding AI job opportunities.
Industries where a Master’s in AI Provides an Advantage
Given that AI technology is revolutionizing nearly every industry, there is heightened demand for AI professionals with advanced knowledge and expert intuition. According to Forbes, the sectors being significantly influenced by AI — and where a graduate degree in AI may give you a leg up — include:
- Healthcare
- Research and development
- Finance
- Cybersecurity
- Manufacturing and logistics
- E-commerce
Benefits of Earning a Master’s in AI and Machine Learning
The required courses for a master’s in artificial intelligence explore advanced applications of AI technology — allowing you to develop the practical and technical skills necessary to pursue senior-level positions in AI and machine learning engineering. In addition, the program’s holistic curriculum emphasizes the importance of ethical decision-making in the AI field, so you can learn how to responsibly implement this technology.
Some of the benefits of earning a master’s degree in AI and machine learning include:
Competitive Advantage in the Job Market
While many employers require candidates who are pursuing AI roles to have an undergraduate degree, a graduate degree in AI can provide you with a competitive advantage in a growing job market. Employers are likely to place a greater value on your educational credentials and experience, knowing that you have had industry-specific training in the latest and most advanced applications of AI technology.
Hands-On Experience with Cutting-Edge AI Technologies
The curriculum for the AI major facilitates hands-on experience that can be directly applied in professional settings. You should come away with the ability to effectively employ AI technology solutions in organizations across a vast range of sectors and industries. Courses also delve into related topics like deep learning, natural language processing, and more.
Networking and Industry Connections
In addition to the knowledge and skills gained throughout your courses, you will benefit from the industry connections formed during your graduate degree program. With courses taught by experienced engineers and AI professionals, you will be able to network with your professors and instructors. Of course, you can also connect with your classmates, many of whom may be working professionals in the computer science and information systems field.
Specialization and Career Flexibility
Depending on the coursework you choose and the specialty areas in which you are most interested, you can use your time in graduate school to pursue an AI specialization. This can potentially give you more career flexibility, enabling you to explore niche opportunities in the field.
When is a Master’s in AI Worth It?
Given that some employers may only require an undergraduate degree in a related field of study for AI positions, is a master’s in AI worth it?
Below are several circumstances in which pursuing a master’s degree in AI is worthwhile:
When You Want to Work in Research or Academia
If you want to work in research and development, or you are interested in pursuing a career in academia, you may find that a master’s degree in AI is a worthwhile endeavor. Your graduate degree program will equip you not only with advanced knowledge but also with the research skills required for academic landscapes. It will help you understand the role of cutting-edge research in the field of AI, plus establish an educational foundation that you can continue to build upon throughout your career.
When You Want to Transition into AI from Another Field
If you are currently working in another field but compelled by the impact AI is having on the world around us, now may be the best time to consider enrolling in an AI master’s degree program. Nearly every industry is going to be reshaped by AI technology in some way — and by earning a graduate degree in AI, you can begin to transition into this field while still leveraging your current professional experience.
When You Want to Advance to Leadership Roles
Currently working as an AI engineer but interested in advancing your career? Then a graduate degree in AI and machine learning technology can help you earn the qualifications needed for leadership positions in the field. Many management and executive positions in computer science and information technology prefer candidates to have completed a graduate degree program.
When You Want a Higher Salary and Job Security
If you are hoping to increase your earning potential, your graduate degree program can be a worthwhile investment. Many employers are willing to pay candidates a higher salary when they have a graduate degree, and your advanced educational experience could offer added job security. For instance, 2022 data from the National Center for Education Statistics (NCES) showed 20% higher median earnings among young professionals who held a graduate degree compared to those with a bachelor’s alone.
How to Earn Your Master’s Degree in AI and Machine Learning
So, is a master’s in AI worth it? For many, the answer is a resounding yes. An AI graduate degree allows you to gain AI and machine learning skills that are in demand across a variety of industries and organizations, even those outside of the technology sector. By investing in a master’s degree in AI, you are placing yourself at the forefront of this cutting-edge field, which is expected to shape the modern world in the years to come.
At Texas A&M University, we offer an Online Master of Science in Artificial Intelligence degree program designed to help students develop advanced AI and machine learning skills. With a curriculum that emphasizes ethical decision-making and responsible implementation of AI technology, you will hone the ability to leverage the power of AI technology in productive and positive ways. Request more information about this AI graduate degree today.