The hourly rate range reflected in this tool is based on the amounts most freelancers with this skill might earn in the 25th to 75th percentile. This tool also reflects expected rates in the top 10% and bottom 10% as starting and ending values. Several factors can influence your expected rate, including location, experience and competency in the particular skill, track record of success, and complimentary soft skills such as clear communication and leadership ability.
The calculator sources information from our large database of vetted freelancers. Data is regularly updated and excludes hourly rates that deviate substantially from the norm.
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Machine learning is a subfield of artificial intelligence (AI) that focuses on analyzing data to find relations between an input and the desired output. Machine learning uses algorithms and statistical models within a computer system to make predictions, decisions, and perform a specific task without using explicit instructions, but rather, using patterns in sample data (or “training data”) and inference. Machine learning algorithms are used in a wide variety of applications, including computer vision and natural language processing. Machine learning developers are experts in using data to train models. The models are then used to automate processes like image classification, speech recognition, and market forecasting. Machine learning developers help businesses extract meaning from data with predictive analytics, leading all processes from data collection, cleaning, and preprocessing, to training models and deploying them to production.
Freelance machine learning developers in the top 10th percentile globally can earn a salary of up to $166,400 per year, or an hourly rate of up to $80. As the hiring for freelance machine learning developer jobs becomes more competitive, machine learning developers are likely to see their machine learning contractor rates go up, however this calculator will dynamically reflect current salary data. Other inputs that adjust a freelance machine learning developer’s hourly rate include remote vs. on-site location, years of experience, and whether the requested client engagement is full-time or part-time.
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Toptal is the largest fully remote network of high-skilled freelancers in the world. We created this tool using our large, comprehensive database of vetted freelancers. Data is regularly updated and excludes hourly rates that fall in the 1-10th percentile and in the 90-100th percentile to remove outliers.
The Freelance Calculator empowers you to see how much you could earn as a freelancer, including what your hourly rate would need to be to match your current or desired salary based on the number of hours you work per week.
Calculations of weekly, monthly, and yearly salaries are determined by a one week unit of measure: hours per week multiplied by hourly rate. By default, values are 40 hours per week and the 25th percentile hourly rate. Monthly salaries are calculated as the summation of 4 weekly salaries, and yearly salaries are calculated as the summation of 52 weekly salaries.
Thinking about making the jump into freelance work? Or already freelancing and interested in discovering best practices? This guide is for you.View guide