Period
to

The table below looks at the prevalence of the term Algorithms in contract job vacancies advertised in the City of London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Algorithms over the 6 months to 30 June 2022 with a comparison to the same period over the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Algorithms
Central London > City of London
6 months to
30 Jun 2022
Same period 2021 Same period 2020
Rank 158 108 119
Rank change year-on-year -50 +11 +35
Contract jobs citing Algorithms 30 58 23
As % of all contract jobs advertised in the City of London 0.70% 1.85% 0.84%
As % of the Miscellaneous category 2.06% 4.71% 2.59%
Number of daily rates quoted 18 36 16
10th Percentile £489 £542 £413
25th Percentile £534 £600 £425
Median daily rate (50th Percentile) £688 £613 £538
Median % change year-on-year +12.24% +13.95% -6.52%
75th Percentile £755 £658 £578
90th Percentile £793 £722 £747
Central London median daily rate £688 £613 £550
% change year-on-year +12.24% +11.36% -4.35%
Number of hourly rates quoted 5 0 2
10th Percentile - - £39.35
25th Percentile £18.50 - £41.75
Median hourly rate £19.00 - £48.00
75th Percentile £46.75 - £55.75
90th Percentile £50.95 - £59.05
Central London median hourly rate £19.00 - £48.00
% change year-on-year - - +2.46%

Algorithms is in the General and Transferable Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for generic IT skills.

All Generic Skills
City of London
Contract vacancies with a requirement for generic IT skills 1,459 1,232 889
As % of all contract IT jobs advertised in the City of London 33.83% 39.21% 32.61%
Number of daily rates quoted 1,033 863 633
10th Percentile £400 £375 £307
25th Percentile £495 £463 £414
Median daily rate (50th Percentile) £585 £575 £525
Median % change year-on-year +1.74% +9.52% -
75th Percentile £706 £675 £625
90th Percentile £825 £738 £688
Central London median daily rate £575 £575 £525
% change year-on-year - +9.52% -
Number of hourly rates quoted 29 20 28
10th Percentile £18.50 £8.00 £12.42
25th Percentile £29.25 £12.16 £14.75
Median hourly rate £45.50 £23.25 £29.88
Median % change year-on-year +95.70% -22.18% +45.73%
75th Percentile £55.25 £37.38 £39.25
90th Percentile £63.15 £42.33 £50.38
Central London median hourly rate £45.50 £20.00 £32.88
% change year-on-year +127.50% -39.16% +58.43%

Algorithms
Job Vacancy Trend in the City of London

Job postings citing Algorithms as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Algorithms in the City of London

Algorithms
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Algorithms in the City of London.

Daily rate trend for Algorithms in the City of London

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 30 June 2022.

Daily rate histogram for Algorithms in the City of London

Algorithms
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Algorithms in the City of London.

Hourly rate trend for Algorithms in the City of London

Algorithms
Hourly Rate Histogram in the City of London

Hourly rate distribution of jobs citing Algorithms in the City of London over the 6 months to 30 June 2022.

Hourly rate histogram for Algorithms in the City of London

For the 6 months to 30 June 2022, IT contractor jobs citing Algorithms also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region with a requirement for Algorithms.

1 20 (66.67%) Python
2 15 (50.00%) SQL
3 12 (40.00%) Data Structures
4 11 (36.67%) Analytical Skills
4 11 (36.67%) Agile
5 10 (33.33%) Finance
5 10 (33.33%) Machine Learning
5 10 (33.33%) Social Skills
6 9 (30.00%) Degree
7 8 (26.67%) Big Data
7 8 (26.67%) Microservices
8 7 (23.33%) Apache Spark
9 6 (20.00%) DevOps
9 6 (20.00%) AWS
9 6 (20.00%) Scala
9 6 (20.00%) Software Engineering
9 6 (20.00%) Financial Institution
9 6 (20.00%) Oracle
10 5 (16.67%) Java
10 5 (16.67%) Scrum
10 5 (16.67%) Artificial Intelligence
10 5 (16.67%) Test Automation
10 5 (16.67%) Social Media
10 5 (16.67%) Apache Hive
10 5 (16.67%) Data Science
11 4 (13.33%) Computer Vision
11 4 (13.33%) GDPR
11 4 (13.33%) HBase
11 4 (13.33%) Relational Database
11 4 (13.33%) SDET

Algorithms
Co-occurring IT Skills in the City of London by Category

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

Application Platforms
1 7 (23.33%) Apache Spark
2 4 (13.33%) Apache Pig
2 4 (13.33%) Tomcat
3 3 (10.00%) WebLogic
4 1 (3.33%) Confluence
4 1 (3.33%) JBoss
4 1 (3.33%) WebSphere
Applications
1 1 (3.33%) Microsoft Office
Cloud Services
1 6 (20.00%) AWS
2 2 (6.67%) Amazon SageMaker
2 2 (6.67%) Azure
2 2 (6.67%) SaaS
2 2 (6.67%) Serverless
3 1 (3.33%) Amazon EMR
3 1 (3.33%) AWS Lambda
3 1 (3.33%) Azure DevOps
3 1 (3.33%) Azure Functions
3 1 (3.33%) GCP
3 1 (3.33%) GitHub
3 1 (3.33%) IaaS
3 1 (3.33%) PaaS
3 1 (3.33%) Power Platform
3 1 (3.33%) Slack
Communications & Networking
1 1 (3.33%) WebEx
Database & Business Intelligence
1 8 (26.67%) Big Data
2 5 (16.67%) Apache Hive
3 4 (13.33%) HBase
3 4 (13.33%) Relational Database
4 3 (10.00%) Oracle Database
4 3 (10.00%) SQL Server
5 2 (6.67%) Data Mining
5 2 (6.67%) Hadoop
6 1 (3.33%) BusinessObjects
6 1 (3.33%) BusinessObjects Business Intelligence
6 1 (3.33%) MongoDB
6 1 (3.33%) NoSQL
6 1 (3.33%) Power BI
6 1 (3.33%) QlikView
6 1 (3.33%) RDBMS
6 1 (3.33%) Text Mining
Development Applications
1 4 (13.33%) Eclipse
1 4 (13.33%) IntelliJ
2 3 (10.00%) JIRA
3 1 (3.33%) Gerrit
3 1 (3.33%) Git (software)
3 1 (3.33%) IBM UrbanCode
3 1 (3.33%) Jenkins
3 1 (3.33%) NetBeans
3 1 (3.33%) PyCharm
3 1 (3.33%) TeamCity
3 1 (3.33%) Visual Studio Code
3 1 (3.33%) VSS/SourceSafe
General
1 11 (36.67%) Analytical Skills
2 10 (33.33%) Finance
2 10 (33.33%) Social Skills
3 6 (20.00%) Financial Institution
4 4 (13.33%) Legal
5 3 (10.00%) Banking
6 2 (6.67%) Presentation Skills
Job Titles
1 14 (46.67%) Developer
2 5 (16.67%) Analyst
3 4 (13.33%) Big Data Developer
4 3 (10.00%) AWS Developer
4 3 (10.00%) Data Analyst
4 3 (10.00%) Data Engineer
4 3 (10.00%) Data Scientist
5 2 (6.67%) Big Data Engineer
5 2 (6.67%) Business Intelligence Developer
5 2 (6.67%) ETL Developer
5 2 (6.67%) Machine Learning Engineer
5 2 (6.67%) Market Analyst
5 2 (6.67%) Market Risk Analyst
5 2 (6.67%) Python Developer
5 2 (6.67%) React Developer
5 2 (6.67%) Risk Analyst
5 2 (6.67%) Senior Developer
5 2 (6.67%) SQL Developer
5 2 (6.67%) UI Developer
6 1 (3.33%) Computer Engineer
Libraries, Frameworks & Software Standards
1 4 (13.33%) J2EE
1 4 (13.33%) Node.js
1 4 (13.33%) RabbitMQ
2 3 (10.00%) React
3 2 (6.67%) Kafka
3 2 (6.67%) TensorFlow
4 1 (3.33%) .NET
4 1 (3.33%) Anaconda
4 1 (3.33%) AngularJS
4 1 (3.33%) H2O
4 1 (3.33%) Hibernate
4 1 (3.33%) Regular Expression
4 1 (3.33%) REST
4 1 (3.33%) scikit-learn
4 1 (3.33%) SOAP
4 1 (3.33%) Spring
4 1 (3.33%) Spring Boot
4 1 (3.33%) Web Services
Miscellaneous
1 12 (40.00%) Data Structures
2 5 (16.67%) Social Media
3 4 (13.33%) Cloud Native
3 4 (13.33%) Hedge funds
4 3 (10.00%) Credit Risk
5 2 (6.67%) Low-Code
5 2 (6.67%) Management Information System
5 2 (6.67%) Market Risk
5 2 (6.67%) Self-Motivation
6 1 (3.33%) Legacy Applications
6 1 (3.33%) Life Science
6 1 (3.33%) Reference Data
6 1 (3.33%) Virtual Team
Operating Systems
1 1 (3.33%) Linux
1 1 (3.33%) Unix
1 1 (3.33%) VMS
Processes & Methodologies
1 11 (36.67%) Agile
2 10 (33.33%) Machine Learning
3 8 (26.67%) Microservices
4 6 (20.00%) DevOps
4 6 (20.00%) Software Engineering
5 5 (16.67%) Artificial Intelligence
5 5 (16.67%) Data Science
5 5 (16.67%) Scrum
5 5 (16.67%) Test Automation
6 4 (13.33%) Analytics
6 4 (13.33%) AOP
6 4 (13.33%) Computer Science
6 4 (13.33%) Computer Vision
6 4 (13.33%) Data Protection
6 4 (13.33%) ETL
6 4 (13.33%) SDET
7 3 (10.00%) Deep Learning
7 3 (10.00%) Project Planning
7 3 (10.00%) Requirements Analysis
7 3 (10.00%) Use Case
Programming Languages
1 20 (66.67%) Python
2 15 (50.00%) SQL
3 6 (20.00%) Scala
4 5 (16.67%) Java
5 2 (6.67%) C++
5 2 (6.67%) VBA
6 1 (3.33%) C#
6 1 (3.33%) PL/SQL
6 1 (3.33%) R
6 1 (3.33%) Shell Script
6 1 (3.33%) T-SQL
6 1 (3.33%) VB
Qualifications
1 9 (30.00%) Degree
2 4 (13.33%) PhD
3 1 (3.33%) Computer Science Degree
3 1 (3.33%) Master's Degree
3 1 (3.33%) Sun Certification
Quality Assurance & Compliance
1 4 (13.33%) GDPR
System Software
1 1 (3.33%) Docker
Systems Management
1 1 (3.33%) Ambari
Vendors
1 6 (20.00%) Oracle
2 2 (6.67%) IBM
3 1 (3.33%) Cloudera
3 1 (3.33%) Databricks
3 1 (3.33%) Google
3 1 (3.33%) Microsoft
3 1 (3.33%) Sun
3 1 (3.33%) Teradata