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.
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.
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.
Algorithm Engineer Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Algorithm Engineer.
Algorithm Engineer Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Algorithm Engineer.
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
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.
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:
