Algorithm Engineer Contracts

Algorithm Engineer
UK

As of 4 July 2025, there is not enough information available from job vacancies posted within the last 6 months to determine the median Algorithm Engineer daily rate in the UK.

6 months to
4 Jul 2025
Same period 2024 Same period 2023
Rank 544 594 679
Rank change year-on-year +50 +85 +199
Contract jobs requiring an Algorithm Engineer 7 1 1
As % of all contract jobs advertised in the UK 0.022% 0.002% 0.002%
As % of the Job Titles category 0.024% 0.002% 0.002%
Number of daily rates quoted 0 0 0
Median daily rate (50th Percentile) - - -
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 1 0
Median hourly rate - £75.00 -
UK excluding London median hourly rate - £75.00 -

All Contract IT Job Vacancies
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 29,079 40,388 53,054
% of contract IT jobs with a recognized job title 92.02% 92.98% 94.47%
Number of daily rates quoted 18,553 25,970 36,860
10th Percentile £288 £286 £313
25th Percentile £401 £410 £425
Median daily rate (50th Percentile) £500 £525 £538
Median % change year-on-year -4.76% -2.33% +1.42%
75th Percentile £625 £638 £650
90th Percentile £738 £750 £750
UK excluding London median daily rate £475 £494 £500
% change year-on-year -3.85% -1.20% +4.17%
Number of hourly rates quoted 1,311 2,837 1,549
10th Percentile £13.78 £12.87 £14.25
25th Percentile £17.44 £16.65 £19.00
Median hourly rate £26.50 £37.75 £43.00
Median % change year-on-year -29.80% -12.21% +68.63%
75th Percentile £55.25 £62.50 £65.00
90th Percentile £73.25 £74.00 £76.05
UK excluding London median hourly rate £25.15 £40.00 £39.60
% change year-on-year -37.13% +1.01% +94.88%

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 4 July 2025. 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 +70 7 - - 14
London - 7 - - 7
Work from Home - 4 - - 5

Algorithm Engineer Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 4 July 2025, Algorithm Engineer contract job roles required the following skills and capabilities 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 7 (100.00%) Software Engineering
1 7 (100.00%) Algorithmic Trading
2 5 (71.43%) Low Latency
2 5 (71.43%) Algorithms
2 5 (71.43%) Market Making
3 4 (57.14%) Translating Business Requirements
3 4 (57.14%) Proprietary Trading
3 4 (57.14%) Mentoring
3 4 (57.14%) Analytical Skills
3 4 (57.14%) Data Structures
3 4 (57.14%) Git
3 4 (57.14%) Hedge funds
3 4 (57.14%) Degree
3 4 (57.14%) Computer Science
3 4 (57.14%) Finance
3 4 (57.14%) Scrum
3 4 (57.14%) Agile
3 4 (57.14%) C++
3 4 (57.14%) Java
3 4 (57.14%) Linux
3 4 (57.14%) OOP
3 4 (57.14%) OO
3 4 (57.14%) Python
3 4 (57.14%) Performance Optimisation
3 4 (57.14%) Fintech
3 4 (57.14%) Master's Degree
3 4 (57.14%) Computer Science Degree
3 4 (57.14%) Problem-Solving
3 4 (57.14%) Critical Thinking
3 4 (57.14%) Technical Leadership

Algorithm Engineer Skill Set
Co-occurring Skills and Capabilities by Category

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

Development Applications
1 4 (57.14%) Git
General
1 4 (57.14%) Analytical Skills
1 4 (57.14%) Finance
1 4 (57.14%) Social Skills
2 3 (42.86%) Front Office
Libraries, Frameworks & Software Standards
1 3 (42.86%) .NET
1 3 (42.86%) Blazor
2 2 (28.57%) .NET Core
Miscellaneous
1 5 (71.43%) Algorithms
2 4 (57.14%) Data Structures
2 4 (57.14%) Distributed Systems
2 4 (57.14%) Hedge funds
3 1 (14.29%) TWAP
3 1 (14.29%) VWAP
Operating Systems
1 4 (57.14%) Linux
Processes & Methodologies
1 7 (100.00%) Algorithmic Trading
1 7 (100.00%) Software Engineering
2 5 (71.43%) Low Latency
2 5 (71.43%) Market Making
3 4 (57.14%) Agile
3 4 (57.14%) CI/CD
3 4 (57.14%) Computer Science
3 4 (57.14%) Critical Thinking
3 4 (57.14%) Fintech
3 4 (57.14%) Mentoring
3 4 (57.14%) OO
3 4 (57.14%) OOP
3 4 (57.14%) Performance Optimisation
3 4 (57.14%) Problem-Solving
3 4 (57.14%) Proprietary Trading
3 4 (57.14%) Scrum
3 4 (57.14%) Technical Leadership
3 4 (57.14%) Translating Business Requirements
4 3 (42.86%) Multithreading
5 2 (28.57%) Full-Stack Development
Programming Languages
1 4 (57.14%) C++
1 4 (57.14%) Java
1 4 (57.14%) Python
2 3 (42.86%) C#
3 2 (28.57%) JavaScript
Qualifications
1 4 (57.14%) Computer Science Degree
1 4 (57.14%) Degree
1 4 (57.14%) Master's Degree