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 2 June 2026, comparing them to the same period in the previous two years.

6 months to
2 Jun 2026
Same period 2025 Same period 2024
Rank 116 102 99
Rank change year-on-year -14 -3 +51
Contract jobs citing Algorithms 14 22 28
As % of all contract jobs in the City of London 0.60% 1.30% 1.30%
As % of the Miscellaneous category 1.93% 3.81% 4.19%
Number of daily rates quoted 7 16 20
10th Percentile £525 £538 £501
25th Percentile £623 £547 £611
Median daily rate (50th Percentile) £705 £575 £705
Median % change year-on-year +22.61% -18.44% +37.56%
75th Percentile £839 £731 £743
90th Percentile £997 £794 £875
Central London median daily rate £705 £575 £705
% change year-on-year +22.61% -18.44% +41.00%
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 725 577 669
As % of all contract IT jobs advertised in the City of London 31.22% 34.06% 31.03%
Number of daily rates quoted 509 366 445
10th Percentile £369 £357 £264
25th Percentile £463 £475 £425
Median daily rate (50th Percentile) £575 £587 £575
Median % change year-on-year -2.00% +2.04% -8.00%
75th Percentile £700 £700 £690
90th Percentile £800 £812 £838
Central London median daily rate £570 £575 £563
% change year-on-year -0.87% +2.22% -10.00%
Number of hourly rates quoted 10 4 6
10th Percentile £19.05 £18.15 £12.75
25th Percentile £19.71 £20.63 £13.56
Median hourly rate £27.61 £26.50 £20.00
Median % change year-on-year +4.20% +32.50% -61.17%
75th Percentile £55.10 £48.25 £26.25
90th Percentile £66.18 £79.30 £38.63
Central London median hourly rate £26.11 £26.45 £23.00
% change year-on-year -1.29% +15.00% -38.53%

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 2 June 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:

Application Platforms
1 1 (7.14%) Apache Spark
Business Applications
1 3 (21.43%) Bloomberg AIM
1 3 (21.43%) Fidessa
Cloud Services
1 7 (50.00%) AWS
2 3 (21.43%) Amazon ECS
2 3 (21.43%) Amazon EKS
3 2 (14.29%) Power Platform
4 1 (7.14%) Amazon SageMaker
4 1 (7.14%) Azure
4 1 (7.14%) Cloud Computing
4 1 (7.14%) Datadog
4 1 (7.14%) GCP
4 1 (7.14%) GitHub
4 1 (7.14%) GitHub Actions
4 1 (7.14%) IBM Watson
Communications & Networking
1 2 (14.29%) Multicast
Database & Business Intelligence
1 2 (14.29%) Big Data
1 2 (14.29%) Power BI
1 2 (14.29%) SQL Server
1 2 (14.29%) Tableau
2 1 (7.14%) Amazon Athena
2 1 (7.14%) Amazon RDS
2 1 (7.14%) Neo4j
2 1 (7.14%) NoSQL
2 1 (7.14%) PostgreSQL
2 1 (7.14%) Redis
2 1 (7.14%) Relational Database
Development Applications
1 1 (7.14%) Octopus Deploy
1 1 (7.14%) TeamCity
General
1 7 (50.00%) Analytical Skills
2 6 (42.86%) Banking
2 6 (42.86%) Front Office
3 5 (35.71%) Finance
3 5 (35.71%) Social Skills
4 3 (21.43%) Documentation Skills
4 3 (21.43%) Investment Banking
5 1 (7.14%) Corporate Banking
5 1 (7.14%) Presentation Skills
5 1 (7.14%) Retail
5 1 (7.14%) Retail Banking
Job Titles
1 4 (28.57%) Senior
2 3 (21.43%) Data Scientist
2 3 (21.43%) Developer
2 3 (21.43%) Electronics Engineer
3 2 (14.29%) Data Engineer
3 2 (14.29%) Java Developer
3 2 (14.29%) Senior Developer
3 2 (14.29%) Senior Java Developer
4 1 (7.14%) C# Developer
4 1 (7.14%) C# Developer - Commodities
4 1 (7.14%) C# Quant Developer
4 1 (7.14%) DevOps Engineer
4 1 (7.14%) Machine Learning Engineer
4 1 (7.14%) Quantitative Developer
4 1 (7.14%) Senior DevOps
4 1 (7.14%) Senior DevOps Engineer
Libraries, Frameworks & Software Standards
1 5 (35.71%) FIX Protocol
2 4 (28.57%) scikit-learn
3 3 (21.43%) JMS
3 3 (21.43%) Kafka
3 3 (21.43%) Middleware
3 3 (21.43%) PyTorch
3 3 (21.43%) REST
3 3 (21.43%) TensorFlow
4 2 (14.29%) Ultra Messaging
5 1 (7.14%) .NET
5 1 (7.14%) AngularJS
5 1 (7.14%) Dask
5 1 (7.14%) GraphX
5 1 (7.14%) LightGBM
5 1 (7.14%) Matplotlib
5 1 (7.14%) NetworkX
5 1 (7.14%) NumPy
5 1 (7.14%) Pandas
5 1 (7.14%) Playwright
5 1 (7.14%) React
Miscellaneous
1 5 (35.71%) Equities
2 3 (21.43%) Derivative
2 3 (21.43%) Distributed Systems
2 3 (21.43%) Foreign Exchange (FX)
2 3 (21.43%) Hybrid Cloud
3 2 (14.29%) Data Structures
4 1 (7.14%) Analytical Mindset
4 1 (7.14%) Cloud Native
4 1 (7.14%) Exotic Derivative
4 1 (7.14%) Legacy Systems
4 1 (7.14%) Market Risk
4 1 (7.14%) OTC Derivatives
Processes & Methodologies
1 8 (57.14%) Analytics
2 6 (42.86%) Data Analysis
2 6 (42.86%) Electronic Trading
3 5 (35.71%) Algorithmic Trading
3 5 (35.71%) Data Science
3 5 (35.71%) Integration Patterns
4 4 (28.57%) Containerisation
4 4 (28.57%) Low Latency
4 4 (28.57%) Machine Learning
4 4 (28.57%) Microservices
4 4 (28.57%) Problem-Solving
4 4 (28.57%) Translating Business Requirements
5 3 (21.43%) Concurrent Programming
5 3 (21.43%) Data Pipeline
5 3 (21.43%) Multithreading
5 3 (21.43%) Order Management
5 3 (21.43%) Runbook
5 3 (21.43%) Smart Order Routing
5 3 (21.43%) Use Case
5 3 (21.43%) Validation
Programming Languages
1 8 (57.14%) Java
1 8 (57.14%) Python
2 6 (42.86%) SQL
3 2 (14.29%) C#
3 2 (14.29%) Scala
4 1 (7.14%) C++
4 1 (7.14%) Go
Qualifications
1 1 (7.14%) Degree
1 1 (7.14%) Master's Degree
1 1 (7.14%) PhD
Quality Assurance & Compliance
1 2 (14.29%) Data Quality
System Software
1 1 (7.14%) Docker
Systems Management
1 3 (21.43%) Grafana
2 1 (7.14%) Kubernetes
2 1 (7.14%) Terraform
Vendors
1 3 (21.43%) AppDynamics
1 3 (21.43%) Bloomberg
1 3 (21.43%) Charles River
1 3 (21.43%) Splunk
2 2 (14.29%) Microsoft
3 1 (7.14%) Cognos
3 1 (7.14%) Google
3 1 (7.14%) IBM
3 1 (7.14%) Sage