Algorithms Contract Job Trends in the City of London

Algorithms
Central London > City of London

The table below looks at the prevalence of the term Algorithms in contract job vacancies in the City of London. Included is a benchmarking guide to the contractor rates offered in vacancies that cited Algorithms over the 6 months leading up to 15 July 2026, comparing them to the same period in the previous two years.

6 months to
15 Jul 2026
Same period 2025 Same period 2024
Rank 130 103 102
Rank change year-on-year -27 -1 +39
Contract jobs citing Algorithms 12 22 30
As % of all contract jobs in the City of London 0.49% 1.18% 1.39%
As % of the Miscellaneous category 1.54% 3.26% 4.41%
Number of daily rates quoted 5 17 22
10th Percentile £611 £538 £550
25th Percentile £684 £550 £674
Median daily rate (50th Percentile) £705 £613 £710
Median % change year-on-year +15.10% -13.73% -11.25%
75th Percentile £783 £763 £850
90th Percentile £850 £788 £959
Central London median daily rate £705 £625 £710
% change year-on-year +12.80% -11.97% -8.39%
Number of hourly rates quoted 0 0 1
10th Percentile - - -
25th Percentile - - £46.75
Median hourly rate - - £48.50
75th Percentile - - £50.25
90th Percentile - - -
Central London median hourly rate - - £48.50

All Generic Skills
City of London

Algorithms falls under the General and Transferable Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring generic IT skills in the City of London.

Contract vacancies with a requirement for generic IT skills 781 674 681
As % of all contract IT jobs advertised in the City of London 32.11% 36.20% 31.59%
Number of daily rates quoted 537 445 446
10th Percentile £350 £350 £293
25th Percentile £460 £463 £433
Median daily rate (50th Percentile) £550 £600 £575
Median % change year-on-year -8.33% +4.35% -8.00%
75th Percentile £681 £711 £700
90th Percentile £775 £806 £844
Central London median daily rate £550 £586 £575
% change year-on-year -6.06% +1.83% -4.96%
Number of hourly rates quoted 12 8 8
10th Percentile £19.36 £16.90 £12.75
25th Percentile £21.75 £20.77 £15.19
Median hourly rate £31.03 £32.50 £25.00
Median % change year-on-year -4.52% +30.00% -52.15%
75th Percentile £47.18 £71.37 £32.81
90th Percentile £64.47 £92.13 £62.93
Central London median hourly rate £39.75 £29.07 £23.80
% change year-on-year +36.74% +22.14% -40.25%

Algorithms
Job Vacancy Trend in the City of London

Historical trend showing the proportion of contract IT job postings citing Algorithms relative to all contract IT jobs advertised in the City of London.

Algorithms job vacancy trend in the City of London

Algorithms
Daily Rate Trend in the City of London

Contractor daily rate distribution trend for jobs in the City of London citing Algorithms.

Contractor daily rate distribution trend for jobs in the City of London citing Algorithms

Algorithms
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Algorithms in the City of London over the 6 months to 15 July 2026.

Daily rate histogram for Algorithms in the City of London

Algorithms
Hourly Rate Trend in the City of London

Contractor hourly rate distribution trend for jobs in the City of London citing Algorithms.

Contractor hourly rate distribution trend for jobs in the City of London citing Algorithms

Algorithms
Co-Occurring Skills & Capabilities in the City of London by Category

The following tables expand on the one above by listing co-occurrences grouped by category. They cover the same employment type, locality and period, with up to 20 co-occurrences shown in each category:

Business Applications
1 2 (16.67%) Bloomberg AIM
1 2 (16.67%) Fidessa
Cloud Services
1 5 (41.67%) AWS
2 2 (16.67%) Amazon ECS
2 2 (16.67%) Amazon EKS
3 1 (8.33%) Amazon SageMaker
3 1 (8.33%) Cloud Computing
3 1 (8.33%) Datadog
3 1 (8.33%) GitHub
3 1 (8.33%) GitHub Actions
3 1 (8.33%) IBM Watson
3 1 (8.33%) Power Platform
Communications & Networking
1 2 (16.67%) Multicast
Database & Business Intelligence
1 2 (16.67%) SQL Server
2 1 (8.33%) Amazon Athena
2 1 (8.33%) Amazon RDS
2 1 (8.33%) Big Data
2 1 (8.33%) Neo4j
2 1 (8.33%) PostgreSQL
2 1 (8.33%) Power BI
2 1 (8.33%) Redis
2 1 (8.33%) Relational Database
2 1 (8.33%) Tableau
Development Applications
1 1 (8.33%) Octopus Deploy
1 1 (8.33%) TeamCity
General
1 6 (50.00%) Banking
2 5 (41.67%) Finance
2 5 (41.67%) Front Office
2 5 (41.67%) Social Skills
3 4 (33.33%) Analytical Skills
4 3 (25.00%) Investment Banking
5 2 (16.67%) Documentation Skills
6 1 (8.33%) Corporate Banking
6 1 (8.33%) Presentation Skills
6 1 (8.33%) Retail
6 1 (8.33%) Retail Banking
Job Titles
1 4 (33.33%) Senior
2 3 (25.00%) Developer
3 2 (16.67%) Data Engineer
3 2 (16.67%) Data Scientist
3 2 (16.67%) Electronics Engineer
3 2 (16.67%) Java Developer
3 2 (16.67%) Senior Developer
3 2 (16.67%) Senior Java Developer
4 1 (8.33%) C# Developer
4 1 (8.33%) C# Developer - Commodities
4 1 (8.33%) C# Quant Developer
4 1 (8.33%) DevOps Engineer
4 1 (8.33%) Product Manager
4 1 (8.33%) Quantitative Developer
4 1 (8.33%) Senior DevOps
4 1 (8.33%) Senior DevOps Engineer
Libraries, Frameworks & Software Standards
1 4 (33.33%) FIX Protocol
2 2 (16.67%) JMS
2 2 (16.67%) Kafka
2 2 (16.67%) Middleware
2 2 (16.67%) REST
2 2 (16.67%) scikit-learn
2 2 (16.67%) Ultra Messaging
3 1 (8.33%) .NET
3 1 (8.33%) AngularJS
3 1 (8.33%) GraphX
3 1 (8.33%) Matplotlib
3 1 (8.33%) NetworkX
3 1 (8.33%) NumPy
3 1 (8.33%) Pandas
3 1 (8.33%) Playwright
3 1 (8.33%) PySpark
3 1 (8.33%) PyTorch
3 1 (8.33%) React
3 1 (8.33%) Seaborn
3 1 (8.33%) TensorFlow
Miscellaneous
1 4 (33.33%) Equities
2 3 (25.00%) Distributed Systems
2 3 (25.00%) Foreign Exchange (FX)
3 2 (16.67%) Data Structures
3 2 (16.67%) Derivative
3 2 (16.67%) Hybrid Cloud
4 1 (8.33%) Cloud Native
4 1 (8.33%) Exotic Derivative
4 1 (8.33%) Legacy Systems
4 1 (8.33%) Market Risk
4 1 (8.33%) OTC Derivatives
Processes & Methodologies
1 6 (50.00%) Analytics
2 5 (41.67%) Electronic Trading
3 4 (33.33%) Algorithmic Trading
3 4 (33.33%) Data Analysis
3 4 (33.33%) Data Science
3 4 (33.33%) Integration Patterns
3 4 (33.33%) Low Latency
3 4 (33.33%) Translating Business Requirements
4 3 (25.00%) CI/CD
4 3 (25.00%) Concurrent Programming
4 3 (25.00%) Containerisation
4 3 (25.00%) Graph Analytics
4 3 (25.00%) Machine Learning
4 3 (25.00%) Microservices
4 3 (25.00%) Multithreading
4 3 (25.00%) Problem-Solving
4 3 (25.00%) Use Case
5 2 (16.67%) Event-Driven Architecture
5 2 (16.67%) Predictive Modelling
5 2 (16.67%) Runbook
Programming Languages
1 7 (58.33%) Java
2 6 (50.00%) Python
3 4 (33.33%) SQL
4 2 (16.67%) C#
4 2 (16.67%) Scala
5 1 (8.33%) C++
5 1 (8.33%) Go
Qualifications
1 2 (16.67%) Degree
1 2 (16.67%) Master's Degree
2 1 (8.33%) Computer Science Degree
2 1 (8.33%) PhD
Quality Assurance & Compliance
1 2 (16.67%) Data Quality
System Software
1 1 (8.33%) Docker
Systems Management
1 2 (16.67%) Grafana
2 1 (8.33%) Kubernetes
2 1 (8.33%) Terraform
Vendors
1 2 (16.67%) AppDynamics
1 2 (16.67%) Bloomberg
1 2 (16.67%) Charles River
1 2 (16.67%) Microsoft
1 2 (16.67%) Splunk
2 1 (8.33%) Cognos
2 1 (8.33%) Google
2 1 (8.33%) IBM
2 1 (8.33%) Sage
2 1 (8.33%) Sitecore