Algorithm Engineer Contract Job Trends

Algorithm Engineer
UK

The median Algorithm Engineer daily rate in the UK is £700, according to job vacancies posted in the 6 months leading up to 11 March 2026.

The table below compares current contractor rates and summary statistics with the previous two years.

6 months to
11 Mar 2026
Same period 2025 Same period 2024
Rank 597 520 606
Rank change year-on-year -77 +86 +138
Contract jobs requiring an Algorithm Engineer 22 6 1
As % of all contract jobs in the UK 0.052% 0.020% 0.002%
As % of the Job Titles category 0.056% 0.022% 0.002%
Number of daily rates quoted 1 0 1
10th Percentile - - -
25th Percentile £650 - -
Median daily rate (50th Percentile) £700 - £600
Median % change year-on-year - - -17.24%
75th Percentile £750 - -
90th Percentile - - -
UK excluding London median daily rate - - -
Number of hourly rates quoted 17 1 0
10th Percentile - - -
25th Percentile £53.53 - -
Median hourly rate £65.00 £75.00 -
Median % change year-on-year -13.33% - -
75th Percentile - - -
90th Percentile - - -
UK excluding London median hourly rate £65.00 £75.00 -
% change year-on-year -13.33% - -

All Contract IT Job Roles
UK

For comparison with the information above, the following table provides 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 39,127 27,402 41,559
% of contract IT jobs with a recognized job title 91.94% 92.96% 92.88%
Number of daily rates quoted 24,467 17,684 27,246
10th Percentile £312 £293 £270
25th Percentile £410 £406 £406
Median daily rate (50th Percentile) £500 £525 £525
Median % change year-on-year -4.76% - -4.55%
75th Percentile £613 £638 £638
90th Percentile £723 £738 £738
UK excluding London median daily rate £480 £475 £488
% change year-on-year +1.05% -2.56% -2.50%
Number of hourly rates quoted 2,427 859 2,507
10th Percentile £14.93 £15.62 £13.00
25th Percentile £19.00 £21.24 £16.25
Median hourly rate £35.00 £33.40 £32.69
Median % change year-on-year +4.79% +2.17% -22.84%
75th Percentile £65.00 £65.00 £60.00
90th Percentile £75.16 £76.44 £71.90
UK excluding London median hourly rate £34.95 £32.50 £32.70
% change year-on-year +7.52% -0.60% -18.26%

Algorithm Engineer
Job Vacancy Trend

Historical trend showing the proportion of contract IT job postings featuring 'Algorithm Engineer' in the job title relative to all contract IT jobs advertised.

Algorithm Engineer job vacancy trend in the UK

Algorithm Engineer
Daily Rate Trend

Contractor daily rate distribution trend for Algorithm Engineer job vacancies in the UK.

Contractor daily rate distribution trend for Algorithm Engineer job vacancies in the UK

Algorithm Engineer
Hourly Rate Trend

Contractor hourly rate distribution trend for Algorithm Engineer job vacancies in the UK.

Contractor hourly rate distribution trend for Algorithm Engineer job vacancies in the UK

Algorithm Engineer
Top 5 Contract Job 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 11 March 2026. 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
England -80 20 £700 - 17
South West +1 19 - - 10
UK excluding London -66 19 - - 16
Work from Home - 4 - - 5
London -44 1 £700 -

Algorithm Engineer Skill Set
Top 30 Co-Occurring Skills & Capabilities

For the 6 months to 11 March 2026, Algorithm Engineer contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number of co-occurrences and as a proportion of all contract job ads featuring Algorithm Engineer in the job title.

1 20 (90.91%) Software Engineering
2 15 (68.18%) Ada
2 15 (68.18%) MATLAB
3 9 (40.91%) Security Cleared
4 5 (22.73%) IBM
4 5 (22.73%) MathWorks
4 5 (22.73%) Workflow
4 5 (22.73%) Workflow Management
5 3 (13.64%) C
5 3 (13.64%) Python
6 2 (9.09%) Dask
6 2 (9.09%) Data Modelling
6 2 (9.09%) Data Pipeline
6 2 (9.09%) Machine Learning
6 2 (9.09%) Mentoring
6 2 (9.09%) Microservices
6 2 (9.09%) NumPy
6 2 (9.09%) Pandas
6 2 (9.09%) Polars
6 2 (9.09%) PySpark
6 2 (9.09%) SaaS
6 2 (9.09%) SQL
7 1 (4.55%) ADO
7 1 (4.55%) Agile
7 1 (4.55%) Algorithmic Trading
7 1 (4.55%) Analytics
7 1 (4.55%) AWS
7 1 (4.55%) Azure
7 1 (4.55%) B2B
7 1 (4.55%) Backtesting

Algorithm Engineer Skill Set
Co-Occurring Skills & Capabilities 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:

Cloud Services
1 2 (9.09%) SaaS
2 1 (4.55%) AWS
2 1 (4.55%) Azure
2 1 (4.55%) GitHub
Database & Business Intelligence
1 1 (4.55%) KDB
1 1 (4.55%) Tick Data
Development Applications
1 1 (4.55%) Jenkins
1 1 (4.55%) JIRA
1 1 (4.55%) Sonatype Nexus
General
1 6 (27.27%) Aerospace
2 2 (9.09%) Billing
2 2 (9.09%) Law
3 1 (4.55%) Analytical Skills
3 1 (4.55%) Retail
3 1 (4.55%) Social Skills
Libraries, Frameworks & Software Standards
1 2 (9.09%) Dask
1 2 (9.09%) NumPy
1 2 (9.09%) Pandas
1 2 (9.09%) Polars
1 2 (9.09%) PySpark
2 1 (4.55%) ADO
Miscellaneous
1 21 (95.45%) Algorithms
2 4 (18.18%) Legacy Systems
3 2 (9.09%) Distributed Systems
4 1 (4.55%) Distributed Computing
4 1 (4.55%) IoT
4 1 (4.55%) Smart Meter
Operating Systems
1 1 (4.55%) Linux
Processes & Methodologies
1 20 (90.91%) Software Engineering
2 5 (22.73%) Workflow
2 5 (22.73%) Workflow Management
3 2 (9.09%) Data Modelling
3 2 (9.09%) Data Pipeline
3 2 (9.09%) Machine Learning
3 2 (9.09%) Mentoring
3 2 (9.09%) Microservices
4 1 (4.55%) Algorithmic Trading
4 1 (4.55%) B2B
4 1 (4.55%) Backtesting
4 1 (4.55%) CI/CD
4 1 (4.55%) Data Engineering
4 1 (4.55%) Data Ingestion
4 1 (4.55%) Data Science
4 1 (4.55%) Generative AI
4 1 (4.55%) High Availability
4 1 (4.55%) Pattern Recognition
4 1 (4.55%) Technical Leadership
4 1 (4.55%) Use Case
Programming Languages
1 15 (68.18%) Ada
1 15 (68.18%) MATLAB
2 3 (13.64%) C
2 3 (13.64%) Python
3 2 (9.09%) SQL
4 1 (4.55%) Bash
4 1 (4.55%) C#
4 1 (4.55%) Perl
4 1 (4.55%) PowerShell
Qualifications
1 9 (40.91%) Security Cleared
2 1 (4.55%) SC Cleared
Vendors
1 5 (22.73%) IBM
1 5 (22.73%) MathWorks
2 1 (4.55%) Databricks