Algorithm Engineer Contract Job Trends

Algorithm Engineer
UK

As of 8 September 2026, 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
8 Sep 2026
Same period 2025 Same period 2024
Rank 648 548 560
Rank change year-on-year -100 +12 +93
Contract jobs requiring an Algorithm Engineer 24 4 1
As % of all contract jobs in the UK 0.044% 0.012% 0.003%
As % of the Job Titles category 0.048% 0.014% 0.003%
Number of daily rates quoted 0 0 0
Median daily rate (50th Percentile) - - -
UK excluding London median daily rate - - -
Number of hourly rates quoted 9 0 1
10th Percentile £62.71 - -
25th Percentile - - -
Median hourly rate £70.00 - £75.00
75th Percentile - - -
90th Percentile - - -
UK excluding London median hourly rate £70.00 - £75.00

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 49,961 29,586 35,470
% of contract IT jobs with a recognized job title 92.41% 91.15% 93.08%
Number of daily rates quoted 29,786 18,646 22,240
10th Percentile £325 £280 £300
25th Percentile £425 £400 £413
Median daily rate (50th Percentile) £525 £500 £525
Median % change year-on-year +5.00% -4.76% -1.69%
75th Percentile £625 £623 £638
90th Percentile £725 £725 £750
UK excluding London median daily rate £500 £475 £500
% change year-on-year +5.26% -5.00% -
Number of hourly rates quoted 3,633 1,533 1,754
10th Percentile £14.94 £13.69 £14.73
25th Percentile £20.50 £17.08 £20.74
Median hourly rate £42.50 £25.15 £43.90
Median % change year-on-year +68.99% -42.71% +3.29%
75th Percentile £68.00 £53.75 £65.00
90th Percentile £79.00 £70.16 £75.00
UK excluding London median hourly rate £42.55 £25.15 £46.18
% change year-on-year +69.19% -45.54% +15.45%

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
Hourly Rate Histogram

Hourly rate distribution of jobs citing Algorithm Engineer over the 6 months to 8 September 2026.

Hourly rate histogram for Algorithm Engineer 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 8 September 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 -106 20 - - 10
London -67 10 - - 4
South West - 10 - - 2
UK excluding London - 10 - - 6
Work from Home -59 8 - - 12

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

For the 6 months to 8 September 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 11 (45.83%) Software Engineering
2 10 (41.67%) Algorithmic Trading
3 8 (33.33%) Electronic Trading
3 8 (33.33%) Java
4 6 (25.00%) Ada
4 6 (25.00%) MATLAB
4 6 (25.00%) Problem-Solving
4 6 (25.00%) Python
4 6 (25.00%) SQL
4 6 (25.00%) Workflow
5 5 (20.83%) FIX Protocol
5 5 (20.83%) IBM
5 5 (20.83%) Low Latency
5 5 (20.83%) MathWorks
5 5 (20.83%) Test Harness
5 5 (20.83%) Workflow Management
6 4 (16.67%) B2B
6 4 (16.67%) Business Forecasting
6 4 (16.67%) C
6 4 (16.67%) CI/CD
6 4 (16.67%) Dask
6 4 (16.67%) Data Modelling
6 4 (16.67%) DuckDB
6 4 (16.67%) Event-Driven
6 4 (16.67%) Event-Driven Architecture
6 4 (16.67%) Java Concurrency
6 4 (16.67%) Microservices
6 4 (16.67%) NumPy
6 4 (16.67%) Pandas
6 4 (16.67%) Polars

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 4 (16.67%) SaaS
Communications & Networking
1 1 (4.17%) HTTP
Database & Business Intelligence
1 4 (16.67%) DuckDB
General
1 8 (33.33%) Front Office
2 5 (20.83%) Social Skills
3 4 (16.67%) Analytical Skills
4 2 (8.33%) Finance
5 1 (4.17%) Aerospace
5 1 (4.17%) Banking
5 1 (4.17%) Investment Banking
5 1 (4.17%) Law
Libraries, Frameworks & Software Standards
1 5 (20.83%) FIX Protocol
2 4 (16.67%) Dask
2 4 (16.67%) Java Concurrency
2 4 (16.67%) NumPy
2 4 (16.67%) Pandas
2 4 (16.67%) Polars
2 4 (16.67%) PySpark
2 4 (16.67%) SciPy
3 1 (4.17%) WebSockets
Miscellaneous
1 16 (66.67%) Algorithms
2 6 (25.00%) Distributed Systems
3 4 (16.67%) IoT
3 4 (16.67%) TWAP
3 4 (16.67%) VWAP
4 2 (8.33%) Data Structures
4 2 (8.33%) Distributed Architecture
5 1 (4.17%) Derivative
5 1 (4.17%) Self-Motivation
Processes & Methodologies
1 11 (45.83%) Software Engineering
2 10 (41.67%) Algorithmic Trading
3 8 (33.33%) Electronic Trading
4 6 (25.00%) Problem-Solving
4 6 (25.00%) Workflow
5 5 (20.83%) Low Latency
5 5 (20.83%) Test Harness
5 5 (20.83%) Workflow Management
6 4 (16.67%) B2B
6 4 (16.67%) Business Forecasting
6 4 (16.67%) CI/CD
6 4 (16.67%) Data Modelling
6 4 (16.67%) Event-Driven
6 4 (16.67%) Event-Driven Architecture
6 4 (16.67%) Microservices
6 4 (16.67%) Smart Order Routing
6 4 (16.67%) Translating Business Requirements
7 2 (8.33%) Multithreaded Programming
7 2 (8.33%) Technical Leadership
7 2 (8.33%) Use Case
Programming Languages
1 8 (33.33%) Java
2 6 (25.00%) Ada
2 6 (25.00%) MATLAB
2 6 (25.00%) Python
2 6 (25.00%) SQL
3 4 (16.67%) C
4 2 (8.33%) C#
4 2 (8.33%) C++
4 2 (8.33%) PowerShell
5 1 (4.17%) Rust
5 1 (4.17%) TypeScript
Qualifications
1 1 (4.17%) Security Cleared
Vendors
1 5 (20.83%) IBM
1 5 (20.83%) MathWorks