Machine Learning Classes & Bootcamps Miami

Learn More About Machine Learning Classes in Miami

Over the past several years, the job market in Miami for AI and machine learning jobs has begun to speed up. This acceleration goes hand-in-hand with the city’s evolution into a tech hub. In the past, the tech scene in Miami was smaller. Recently, however, this sector has seen tremendous growth in data and tech-related career paths. In fact, the city has seen a 10% increase in the 2020s, year to year, in tech jobs. Data science careers are largely driving this expansion. 

Miami is currently listed in the top 30 cities in the country for data science-related careers. Even though the job postings for AI and machine learning jobs are relatively moderate in number (Indeed lists just over 400 career opportunities), it’s nonetheless a significant jump from the jobs available several years ago. Tech demand is especially strong in Miami industries like tourism, healthcare, and finance. The city’s emergence as a tech hub is also driven by the prevalence of hedge funds, startups in cryptocurrency and FinTech, and venture capital. Additionally, several prominent tech companies have relocated to this area, which has created additional career opportunities for machine learning professionals. With initiatives like The University of Miami’s Institute for Data Science and Computing, as well as Miami Tech Week, tech workforce development remains a top priority in Miami. 

Miami Industries That Use Machine Learning 

Machine learning plays an integral role in several key industries in Miami. The following list will take a closer look at how machine learning is used in Miami’s most prominent industries, as well as the way it is transforming operations for professionals employed in each:

• Healthcare: The healthcare industry is the backbone of the city’s economy. Miami is renowned for its vast network of clinics, hospitals, and research institutions, which makes it a great location for life sciences, biotechnology, medical device manufacturing, and pharmaceuticals. Major employers include Mount Sinai Medical Center, the University of Miami Health System, and Jackson Health System. Miami International Airport has become the first airport listed as a “designated pharma hub airport” in the country. Those employed in healthcare in the city use AI and machine learning technology to improve diagnostics, perform predictive analytics, and discover new drugs.

• Finance: Miami enjoys the reputation of being a major hub for finance. It’s second only to New York City in terms of the number of international banks operating in the city. Downtown Miami’s Brickell financial district is a key player in this sector and is a gateway to financial services in the Caribbean and Latin America. In finance, machine learning has applications for tasks like detecting fraud, assessing risks, and improving FinTech products and services.

• Ecommerce: Miami has grown into a digital innovation hub in ecommerce. The city is seeing an increasing number of tech startups establish operations, as well as established ecommerce companies. More businesses than ever in the city are adopting mobile technology, social commerce, and AI-fueled personalization. Additionally, the increase in online shopping has led to a need for a better, more personalized shopping experience. AI and machine learning technology are used in ecommerce to help manage inventory, provide customers with personalized shopping experiences, and power customer service chatbots.

• Real Estate: Another key industry in Miami is real estate. The city has become a major player in commercial real estate. Because of the constant influx of tourists, real estate in the city is in constant demand, and high-end buyers flock to the city to invest in luxury real estate. The growing population in Miami also fuels the need for housing and commercial buildings. Those who are employed in the real estate industry benefit from machine learning techniques that help predict market demands, improve transactions, and value properties.

Machine Learning Career Paths & Salary Ranges in Miami

Salary ranges for machine learning careers in Miami typically fall around, or are just below, the national averages for these professionals. For example, Miami-based Data Scientists earn $113,000-$123,000 a year, which falls 7% below the U.S. average. It’s important to note that this range is broad. Junior-level Analysts usually earn salaries that fall closer to $70,000, whereas those with years of experience in data science or finance can make more than $180,000 a year in Miami. According to Indeed, the average salary for a Machine Learning Engineer in Miami is $147,000-$157,000 annually. Those who hold junior positions can expect to make closer to $106,000, whereas individuals in senior roles sometimes earn $217,000. While this range still falls about 8% under the national average, it’s a strong, six-figure salary. 

Another important factor is that there’s no state income tax in Florida, which means these salary ranges yield higher take-home pay than elsewhere in the country. In an effort to attract talent, Miami is beginning to offer extremely competitive salaries for in-demand career paths in technology and finance. Senior Machine Learning Engineers who work in the city in FinTech typically earn $150,000-$200,000 a year. Those who have managerial positions can expect to make even more. An increasing number of Miami employers are also offering remote or flexible work options in an effort to acquire machine learning talent. 

Machine Learning Employers in Miami

Most of the machine learning jobs in Miami are in several major industries that are essential to the local economy, like finance, healthcare, and tourism. The following list includes several Miami employers, by industry, that are looking to acquire machine learning experts to help with operations:

• Finance: Many finance firms are located in Miami. Citadel, a hedge fund company, has moved operations to this area. Investment firms and banks in Miami hire Data Scientists to help with risk evaluation, algorithmic trading, and cryptocurrency analysis. Additionally, Blockchain.com moved its headquarters to Miami and has helped the city transform into a vibrant cryptocurrency and blockchain environment. It is looking for AI professionals for tasks like smart contract analysis and fraud detection.

• Healthcare: Many major insurers and vast healthcare networks are located in South Florida, including Baptist Health and ChenMed. They look to data professionals to help with operations and patient data. Health tech startups are also prevalent in Miami, including those that collaborate with the University of Miami. They often hire machine learning experts to help with biotech and medical imaging.

• Hospitality & Tourism: Miami’s beautiful beaches and year-round sunny weather attract visitors from around the globe. The city’s tourism industry, which includes hotels, restaurants, airlines, and cruise lines, is looking to incorporate data science practices into operations to provide customers with a better experience and improve marketing efforts. The Carnival Corporation and Royal Caribbean Group (which is headquartered in Miami) are interested in hiring data science professionals to assist with customer analytics, as well as Senior Machine Learning Engineers to aid with customer service initiatives.

• Real Estate Tech: Machine learning experts are needed in Miami’s real estate tech niche industry to help local real estate firms apply machine learning techniques to market data. 

In addition to the above-mentioned job openings, several major Industry giants have also recently extended their operations to Miami. These include the AI startup Magic Leap, which is located in Plantation, as well as Microsoft. Even though the number of available jobs in the Miami greater metro area is smaller than in other tech hubs, the city has a solid demand for machine learning professionals in startups and corporate environments. 

Regional Machine Learning & Technology Trends in Miami

As Miami continues to evolve into a hub for AI and technology, there has been a corresponding increase in machine learning jobs. This trend is especially pronounced in industries like FinTech. Miami is often referred to as “Wall Street South, ” a nod to the prevalence of financial establishments in Brickell and beyond. The outlook in Miami for machine learning roles is expected to remain strong in the city, though Miami is faced with the challenge of creating a larger pipeline for local talent. This is currently being reinforced by programs at local universities like Florida International University and the University of Miami, as well as through coding bootcamps. More qualified Data Scientists are emerging from the city than in the past, which is a trend that’s expected to continue to supply talent and fill job openings.

The Miami tech scene continues to mature, and major companies like Microsoft and IBM (which have opened operations in that region) are key players. Additionally, startups in tourism, healthcare, and finance are increasingly employing AI in their daily operations. This is not seen as a passing trend but more as an indication of career growth and the many opportunities available for machine learning professionals in the city.