Algorithm Engineer Contract Job Trends
Algorithm Engineer
UK
As of 20 October 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 20 Oct 2026 |
Same period 2025 | Same period 2024 | |
|---|---|---|---|
| Rank | 669 | - | 554 |
| Rank change year-on-year | - | - | +81 |
| Contract jobs requiring an Algorithm Engineer | 10 | 0 | 1 |
| As % of all contract jobs in the UK | 0.018% | - | 0.003% |
| As % of the Job Titles category | 0.020% | - | 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 | 1 | 0 | 1 |
| Median hourly rate | £70.00 | - | £75.00 |
| 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.
| 6 months to 20 Oct 2026 |
Same period 2025 | Same period 2024 | |
|---|---|---|---|
| Contract vacancies in the UK with a recognized job title | 50,586 | 30,151 | 34,455 |
| % of contract IT jobs with a recognized job title | 91.87% | 90.87% | 92.95% |
| Number of daily rates quoted | 29,721 | 19,031 | 20,767 |
| 10th Percentile | £325 | £278 | £300 |
| 25th Percentile | £425 | £402 | £413 |
| Median daily rate (50th Percentile) | £525 | £500 | £525 |
| Median % change year-on-year | +5.00% | -4.76% | - |
| 75th Percentile | £638 | £623 | £638 |
| 90th Percentile | £738 | £725 | £738 |
| UK excluding London median daily rate | £500 | £475 | £490 |
| % change year-on-year | +5.26% | -3.06% | -2.00% |
| Number of hourly rates quoted | 4,170 | 1,674 | 1,386 |
| 10th Percentile | £14.25 | £13.80 | £15.04 |
| 25th Percentile | £19.33 | £17.30 | £20.30 |
| Median hourly rate | £41.09 | £25.15 | £40.00 |
| Median % change year-on-year | +63.39% | -37.13% | -10.11% |
| 75th Percentile | £67.50 | £50.00 | £65.00 |
| 90th Percentile | £80.00 | £68.75 | £73.75 |
| UK excluding London median hourly rate | £40.32 | £24.62 | £40.33 |
| % change year-on-year | +63.77% | -38.95% | -7.99% |
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 Daily Rate Trend
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.
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 20 October 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 | - | 6 | - | - | 31 |
| London | - | 5 | - | - | 15 |
| Work from Home | - | 4 | - | - | 9 |
| UK excluding London | - | 1 | - | - | 11 |
| South West | - | 1 | - | - | 1 |
Algorithm Engineer Skill Set Top 30 Co-Occurring Skills & Capabilities
For the 6 months to 20 October 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.
| Rank | Skill | Share | Job Ads |
|---|---|---|---|
| 1 | Problem-Solving | 60.0% | 6 |
| 1 | Python | 60.0% | 6 |
| 1 | SQL | 60.0% | 6 |
| 4 | Algorithmic Trading | 50.0% | 5 |
| 5 | B2B | 40.0% | 4 |
| 5 | Business Forecasting | 40.0% | 4 |
| 5 | Dask | 40.0% | 4 |
| 5 | Data Modelling | 40.0% | 4 |
| 5 | DuckDB | 40.0% | 4 |
| 5 | Microservices | 40.0% | 4 |
| 5 | NumPy | 40.0% | 4 |
| 5 | Pandas | 40.0% | 4 |
| 5 | Polars | 40.0% | 4 |
| 5 | PySpark | 40.0% | 4 |
| 5 | SaaS | 40.0% | 4 |
| 5 | SciPy | 40.0% | 4 |
| 5 | Translating Business Requirements | 40.0% | 4 |
| 18 | Electronic Trading | 30.0% | 3 |
| 18 | Java | 30.0% | 3 |
| 20 | C# | 20.0% | 2 |
| 20 | C++ | 20.0% | 2 |
| 20 | Continuous Improvement | 20.0% | 2 |
| 20 | FIX Protocol | 20.0% | 2 |
| 20 | Low Latency | 20.0% | 2 |
| 20 | Mentoring | 20.0% | 2 |
| 20 | Multithreaded Programming | 20.0% | 2 |
| 20 | Multithreading | 20.0% | 2 |
| 20 | Optimization Problems | 20.0% | 2 |
| 20 | PowerShell | 20.0% | 2 |
| 20 | Software Engineering | 20.0% | 2 |
Algorithm Engineer Skill Set Co-Occurring Skills & Capabilities by Category
The table below expands on the one above by listing co-occurrences one category at a time. It covers the same employment type, locality and period, with up to 20 co-occurrences in each category.
Job Titles
| Rank | Job Title | Share | Job Ads |
|---|---|---|---|
| 1 | Senior Algorithm Engineer | 70.0% | 7 |
| 2 | Senior Java Engineer | 30.0% | 3 |
| 3 | Software Engineer | 20.0% | 2 |
| 4 | Senior C++ Software Engineer | 10.0% | 1 |
| 4 | Software Engineer - Algorithmic Trading | 10.0% | 1 |