Period
to 7 August 2020

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 7 August 2020 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
7 Aug 2020
Same period 2019 Same period 2018
Rank 115 157 153
Rank change year-on-year +42 -4 +16
Contract jobs citing Algorithms 20 86 107
As % of all contract jobs advertised in the City of London 0.90% 1.32% 1.54%
As % of the Miscellaneous category 2.51% 4.03% 3.74%
Number of daily rates quoted 13 63 87
Median daily rate £550 £575 £540
Median daily rate % change year-on-year -4.35% +6.48% -10.00%
10th Percentile £415 £465 £413
90th Percentile £798 £688 £775
Central London median daily rate £650 £575 £533
% change year-on-year +13.04% +7.98% -8.19%
Number of hourly rates quoted 2 2 0
Median hourly rate £48.00 £46.85 -
Median hourly rate % change year-on-year +2.46% - -
Central London median hourly rate £48.00 £46.85 -
% change year-on-year +2.46% - -

Algorithms is in the Generic IT 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 IT Skills
City of London
Contract vacancies with a requirement for generic IT skills 798 2,136 2,860
As % of all contract IT jobs advertised in the City of London 35.80% 32.85% 41.09%
Number of daily rates quoted 518 1,588 2,180
Median daily rate £525 £525 £525
10th Percentile £313 £325 £313
90th Percentile £700 £677 £725
Central London median daily rate £513 £525 £520
% change year-on-year -2.38% +0.96% +0.24%
Number of hourly rates quoted 38 48 52
Median hourly rate £35.25 £20.67 £20.00
Median hourly rate % change year-on-year +70.58% +3.33% -5.56%
10th Percentile £12.66 £11.25 £13.41
90th Percentile £47.75 £55.80 £46.12
Median hourly rate £35.25 £20.92 £20.00
% change year-on-year +68.54% +4.58% +6.95%

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 7 August 2020.

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 7 August 2020.

Hourly rate histogram for Algorithms in the City of London

For the 6 months to 7 August 2020, 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 12 (60.00%) Python
2 8 (40.00%) Degree
2 8 (40.00%) Data Science
3 7 (35.00%) Analytical Skills
3 7 (35.00%) Agile Software Development
3 7 (35.00%) AWS
3 7 (35.00%) Machine Learning
3 7 (35.00%) Analytics
4 6 (30.00%) Data Structures
4 6 (30.00%) Java
4 6 (30.00%) Computer Science
5 5 (25.00%) Mathematics
5 5 (25.00%) Artificial Intelligence
5 5 (25.00%) SQL
5 5 (25.00%) Azure
5 5 (25.00%) Problem-Solving
5 5 (25.00%) Apache Spark
6 4 (20.00%) Algorithmic Trading
6 4 (20.00%) Open Source
6 4 (20.00%) Big Data
6 4 (20.00%) Foreign Exchange (FX)
6 4 (20.00%) Finance
7 3 (15.00%) Linux
7 3 (15.00%) C++
7 3 (15.00%) Front Office
7 3 (15.00%) Banking
7 3 (15.00%) FIX Protocol
7 3 (15.00%) Statistics
7 3 (15.00%) Physics
7 3 (15.00%) Continuous Integration

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 5 (25.00%) Apache Spark
2 1 (5.00%) SAS
Applications
1 1 (5.00%) Chatbot
1 1 (5.00%) Microsoft PowerPoint
Cloud Services
1 7 (35.00%) AWS
2 5 (25.00%) Azure
3 3 (15.00%) GCP
4 1 (5.00%) Amazon SageMaker
4 1 (5.00%) AWS CloudFormation
4 1 (5.00%) Cloud Computing
4 1 (5.00%) Google Play
4 1 (5.00%) Serverless
Communications & Networking
1 1 (5.00%) Internet
Database & Business Intelligence
1 4 (20.00%) Big Data
2 2 (10.00%) Hadoop
3 1 (5.00%) Amazon Redshift
3 1 (5.00%) Apache Cassandra
3 1 (5.00%) Apache Hive
3 1 (5.00%) Data Lake
3 1 (5.00%) Data Mining
3 1 (5.00%) NoSQL
3 1 (5.00%) PostgreSQL
3 1 (5.00%) Redis
Development Applications
1 2 (10.00%) Git (software)
2 1 (5.00%) Cucumber
2 1 (5.00%) JUnit
General
1 4 (20.00%) Finance
2 3 (15.00%) Banking
2 3 (15.00%) Front Office
3 1 (5.00%) Investment Banking
3 1 (5.00%) Law
3 1 (5.00%) Marketing
3 1 (5.00%) Retail
Job Titles
1 7 (35.00%) Developer
2 6 (30.00%) Data Scientist
3 3 (15.00%) Java Developer
4 2 (10.00%) Analyst
4 2 (10.00%) Data Engineer
4 2 (10.00%) Full Stack Developer
4 2 (10.00%) Python Developer
5 1 (5.00%) Algorithmic Trading Developer
5 1 (5.00%) Electronic Trading C++ Developer
5 1 (5.00%) Electronic Trading Developer
5 1 (5.00%) GUI Architect
5 1 (5.00%) Java Developer - Algorithmic Trading
5 1 (5.00%) Low Latency Java Developer
5 1 (5.00%) Machine Learning Scientist
5 1 (5.00%) Python Engineer
5 1 (5.00%) Senior Analyst
5 1 (5.00%) Senior Data Scientist
5 1 (5.00%) Senior Manager
5 1 (5.00%) SQL Analyst
5 1 (5.00%) SQL Data Analyst
Libraries, Frameworks & Software Standards
1 3 (15.00%) FIX Protocol
1 3 (15.00%) TensorFlow
2 2 (10.00%) H2O
2 2 (10.00%) Kafka
2 2 (10.00%) MLlib
2 2 (10.00%) Natural Language Processing
2 2 (10.00%) Pandas
2 2 (10.00%) REST
2 2 (10.00%) SciPy
3 1 (5.00%) Android SDK
3 1 (5.00%) AngularJS
3 1 (5.00%) Boost C++ Libraries
3 1 (5.00%) iOS SDK
3 1 (5.00%) Keras
3 1 (5.00%) Material Design
3 1 (5.00%) RabbitMQ
3 1 (5.00%) React
3 1 (5.00%) scikit-learn
3 1 (5.00%) WebSockets
3 1 (5.00%) ZeroMQ
Miscellaneous
1 7 (35.00%) Analytical Skills
2 6 (30.00%) Data Structures
3 4 (20.00%) Foreign Exchange (FX)
4 1 (5.00%) Analytical Mindset
4 1 (5.00%) Blog
4 1 (5.00%) Derivative
4 1 (5.00%) Equities
4 1 (5.00%) Equity Derivative
4 1 (5.00%) Fixed Income
4 1 (5.00%) Internet of Things
4 1 (5.00%) N-Tier
4 1 (5.00%) Self-Motivation
4 1 (5.00%) Social Media
4 1 (5.00%) User Experience
Operating Systems
1 3 (15.00%) Linux
2 1 (5.00%) Android
2 1 (5.00%) Apple iOS
2 1 (5.00%) Unix
Processes & Methodologies
1 8 (40.00%) Data Science
2 7 (35.00%) Agile Software Development
2 7 (35.00%) Analytics
2 7 (35.00%) Machine Learning
3 6 (30.00%) Computer Science
4 5 (25.00%) Artificial Intelligence
4 5 (25.00%) Mathematics
4 5 (25.00%) Problem-Solving
5 4 (20.00%) Algorithmic Trading
5 4 (20.00%) Open Source
6 3 (15.00%) Continuous Integration
6 3 (15.00%) Low Latency
6 3 (15.00%) Multithreading
6 3 (15.00%) Physics
6 3 (15.00%) Statistics
7 2 (10.00%) Economics
7 2 (10.00%) Infrastructure as Code
7 2 (10.00%) Operations Research
7 2 (10.00%) Predictive Modelling
7 2 (10.00%) Use Case
Programming Languages
1 12 (60.00%) Python
2 6 (30.00%) Java
3 5 (25.00%) SQL
4 3 (15.00%) C++
5 2 (10.00%) JavaScript
5 2 (10.00%) Kotlin
5 2 (10.00%) R
6 1 (5.00%) Bash Shell
6 1 (5.00%) C
6 1 (5.00%) ES6
6 1 (5.00%) Java 8
6 1 (5.00%) Scala
6 1 (5.00%) TypeScript
Qualifications
1 8 (40.00%) Degree
2 2 (10.00%) Computer Science Degree
2 2 (10.00%) Master's Degree
2 2 (10.00%) PhD
3 1 (5.00%) Numerate Degree
Quality Assurance & Compliance
1 2 (10.00%) QA
2 1 (5.00%) Data Quality
System Software
1 1 (5.00%) Docker
Systems Management
1 2 (10.00%) Kubernetes
1 2 (10.00%) Terraform
Vendors
1 1 (5.00%) Bloomberg
1 1 (5.00%) Cognizant
1 1 (5.00%) Google
1 1 (5.00%) Solace
1 1 (5.00%) Veracode