Period
to

The median contractor rate for an Algorithm Engineer was £800 per day in advertised job vacancies during the 6 months to 21 May 2022.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in 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.

Algorithm Engineer
UK
6 months to
21 May 2022
Same period 2021 Same period 2020
Rank 842 694 636
Rank change year-on-year -148 -58 +232
Contract jobs requiring an Algorithm Engineer 1 1 2
As % of all contract jobs advertised in the UK 0.001% 0.002% 0.004%
As % of the Job Titles category 0.001% 0.002% 0.004%
Number of daily rates quoted 1 1 1
10th Percentile - - -
25th Percentile £775 £775 £425
Median daily rate (50th Percentile) £800 £800 £450
Median % change year-on-year - +77.78% -7.69%
75th Percentile £825 £825 £475
90th Percentile - - -
UK excluding London median daily rate - - £450

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. 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 contract jobs in our overall sample.

All Contract IT Job Vacancies
UK
Contract vacancies in the UK with a recognized job title 82,259 54,269 45,397
% of contract IT jobs with a recognized job title 93.19% 92.82% 93.69%
Number of daily rates quoted 57,839 37,230 30,091
10th Percentile £313 £293 £245
25th Percentile £425 £388 £363
Median daily rate (50th Percentile) £525 £480 £466
Median % change year-on-year +9.38% +3.00% -1.37%
75th Percentile £638 £580 £575
90th Percentile £738 £675 £650
UK excluding London median daily rate £475 £425 £425
% change year-on-year +11.76% - -
Number of hourly rates quoted 2,011 1,722 1,680
10th Percentile £12.50 £11.50 £11.54
25th Percentile £15.75 £14.50 £14.09
Median hourly rate £23.91 £22.38 £19.00
Median % change year-on-year +6.86% +17.76% +5.56%
75th Percentile £49.25 £44.75 £39.06
90th Percentile £65.00 £57.50 £52.50
UK excluding London median hourly rate £20.00 £19.00 £18.00
% change year-on-year +5.26% +5.56% +2.86%

Algorithm Engineer
Job Vacancy Trend

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

Job vacancy trend for Algorithm Engineer in the UK

Algorithm Engineer
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Algorithm Engineer.

Daily rate trend for Algorithm Engineer in the UK

Algorithm Engineer
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Algorithm Engineer.

Hourly rate trend for Algorithm Engineer in the UK

Algorithm Engineer
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Algorithm Engineer within the UK over the 6 months to 21 May 2022. 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
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
London -119 1 £800 - 3
England -135 1 £800 - 7
Work from Home - 1 £800 - 4

Algorithm Engineer Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 21 May 2022, Algorithm Engineer contract jobs required the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads featuring Algorithm Engineer in the job title.

1 1 (100.00%) C#
1 1 (100.00%) C++
1 1 (100.00%) JavaScript
1 1 (100.00%) PL/SQL
1 1 (100.00%) SQL
1 1 (100.00%) T-SQL
1 1 (100.00%) .NET
1 1 (100.00%) Oracle
1 1 (100.00%) Windows
1 1 (100.00%) Python
1 1 (100.00%) BizTalk Server
1 1 (100.00%) Front Office
1 1 (100.00%) Software Engineering
1 1 (100.00%) Algorithmic Trading
1 1 (100.00%) Multithreading
1 1 (100.00%) Azure
1 1 (100.00%) AWS
1 1 (100.00%) MongoDB
1 1 (100.00%) Azure SQL Database
1 1 (100.00%) Go
1 1 (100.00%) Algorithms
1 1 (100.00%) MuleSoft
1 1 (100.00%) Front End Development
1 1 (100.00%) AWS Lambda
1 1 (100.00%) Cloud Native
1 1 (100.00%) .NET Core
1 1 (100.00%) Serverless
1 1 (100.00%) Data Development
1 1 (100.00%) Azure Functions
1 1 (100.00%) Azure Logic Apps

Algorithm Engineer Skill Set
Co-occurring IT Skills 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 1 (100.00%) BizTalk Server
Cloud Services
1 1 (100.00%) AWS
1 1 (100.00%) AWS Lambda
1 1 (100.00%) Azure
1 1 (100.00%) Azure Cosmos DB
1 1 (100.00%) Azure Functions
1 1 (100.00%) Azure Logic Apps
1 1 (100.00%) Azure Storage
1 1 (100.00%) Serverless
Database & Business Intelligence
1 1 (100.00%) Azure SQL Database
1 1 (100.00%) MongoDB
General
1 1 (100.00%) Front Office
Libraries, Frameworks & Software Standards
1 1 (100.00%) .NET
1 1 (100.00%) .NET Core
1 1 (100.00%) Blazor
Miscellaneous
1 1 (100.00%) Algorithms
1 1 (100.00%) Cloud Native
1 1 (100.00%) Legacy Systems
Operating Systems
1 1 (100.00%) Windows
Processes & Methodologies
1 1 (100.00%) Algorithmic Trading
1 1 (100.00%) CI/CD
1 1 (100.00%) Data Development
1 1 (100.00%) Front End Development
1 1 (100.00%) Full Stack Development
1 1 (100.00%) Multithreading
1 1 (100.00%) Software Engineering
Programming Languages
1 1 (100.00%) C#
1 1 (100.00%) C++
1 1 (100.00%) Go
1 1 (100.00%) JavaScript
1 1 (100.00%) PL/SQL
1 1 (100.00%) Python
1 1 (100.00%) SQL
1 1 (100.00%) T-SQL
Vendors
1 1 (100.00%) MuleSoft
1 1 (100.00%) Oracle