Algorithm Engineer Jobs in London

Algorithm Engineer
England > London

The median Algorithm Engineer salary in London is £115,000 per year according to job vacancies posted during the 6 months to 23 April 2024.

The first table below provides salary benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
23 Apr 2024
Same period 2023 Same period 2022
Rank 509 641 838
Rank change year-on-year +132 +197 -248
Permanent jobs requiring an Algorithm Engineer 3 3 15
As % of all permanent jobs advertised in London 0.013% 0.008% 0.023%
As % of the Job Titles category 0.014% 0.009% 0.024%
Number of salaries quoted 3 3 13
10th Percentile £97,500 £88,000 £65,500
25th Percentile £101,250 £88,750 £100,000
Median annual salary (50th Percentile) £115,000 £100,000 £110,000
Median % change year-on-year +15.00% -9.09% +15.79%
75th Percentile £131,250 £121,250 £120,000
90th Percentile £136,500 £128,000 -
England median annual salary £65,000 £80,000 £70,000
% change year-on-year -18.75% +14.29% -

All Permanent IT Job Vacancies
London

The following table is for comparison with the above and includes summary statistics for all permanent IT job vacancies advertised in London. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of permanent jobs in our overall sample.

Permanent vacancies in London with a recognized job title 22,108 34,442 62,791
% of permanent jobs with a recognized job title 94.14% 95.06% 96.35%
Number of salaries quoted 16,669 25,177 34,949
10th Percentile £38,500 £42,500 £41,250
25th Percentile £51,250 £55,000 £52,500
Median annual salary (50th Percentile) £70,000 £72,500 £70,000
Median % change year-on-year -3.45% +3.57% -
75th Percentile £93,750 £95,000 £91,250
90th Percentile £115,000 £115,000 £110,000
England median annual salary £54,000 £60,500 £60,000
% change year-on-year -10.74% +0.83% +9.09%

Algorithm Engineer
Job Vacancy Trend in London

Job postings that featured Algorithm Engineer in the job title as a proportion of all IT jobs advertised in London.

Job vacancy trend for Algorithm Engineer in London

Algorithm Engineer
Salary Trend in London

3-month moving average salary quoted in jobs citing Algorithm Engineer in London.

Salary trend for Algorithm Engineer in London

Algorithm Engineer
Salary Histogram in London

Salary distribution for jobs citing Algorithm Engineer in London over the 6 months to 23 April 2024.

Salary histogram for Algorithm Engineer in London

Algorithm Engineer
Job Locations in London

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Algorithm Engineer within the London region over the 6 months to 23 April 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
East London - 2 £120,000 -
Central London - 1 £115,000 -
Algorithm Engineer
England

Algorithm Engineer Skill Set
Top 21 Co-occurring Skills and Capabilities in London

For the 6 months to 23 April 2024, Algorithm Engineer job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads across the London region featuring Algorithm Engineer in the job title.

1 3 (100.00%) Algorithmic Trading
1 3 (100.00%) Software Engineering
2 2 (66.67%) TypeScript
2 2 (66.67%) Electronic Trading
2 2 (66.67%) Front Office
2 2 (66.67%) Fixed Income
2 2 (66.67%) Banking
2 2 (66.67%) Investment Banking
2 2 (66.67%) React
3 1 (33.33%) Data Science
3 1 (33.33%) Social Skills
3 1 (33.33%) C#
3 1 (33.33%) C++
3 1 (33.33%) Finance
3 1 (33.33%) Validation
3 1 (33.33%) Machine Learning
3 1 (33.33%) Go
3 1 (33.33%) Analytical Skills
3 1 (33.33%) Algorithms
3 1 (33.33%) FIX Protocol
3 1 (33.33%) Mathematics

Algorithm Engineer Skill Set
Co-occurring Skills and Capabilities in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

General
1 2 (66.67%) Banking
1 2 (66.67%) Front Office
1 2 (66.67%) Investment Banking
2 1 (33.33%) Analytical Skills
2 1 (33.33%) Finance
2 1 (33.33%) Social Skills
Libraries, Frameworks & Software Standards
1 2 (66.67%) React
2 1 (33.33%) FIX Protocol
Miscellaneous
1 2 (66.67%) Fixed Income
2 1 (33.33%) Algorithms
Processes & Methodologies
1 3 (100.00%) Algorithmic Trading
1 3 (100.00%) Software Engineering
2 2 (66.67%) Electronic Trading
3 1 (33.33%) Data Science
3 1 (33.33%) Machine Learning
3 1 (33.33%) Mathematics
3 1 (33.33%) Validation
Programming Languages
1 2 (66.67%) TypeScript
2 1 (33.33%) C#
2 1 (33.33%) C++
2 1 (33.33%) Go