Period
to

The median annual salary for an Algorithm Engineer was £70,000 in advertised job vacancies in London during the 6 months to 15 August 2022.

The first table below provides salary benchmarking and summary statistics including a comparison to same period in the previous 2 years.

Algorithm Engineer
England > London
6 months to
15 Aug 2022
Same period 2021 Same period 2020
Rank 875 703 531
Rank change year-on-year -172 -172 +223
Permanent jobs requiring an Algorithm Engineer 4 2 10
As % of all permanent jobs advertised in London 0.006% 0.004% 0.039%
As % of the Job Titles category 0.006% 0.005% 0.042%
Number of salaries quoted 4 0 10
10th Percentile £47,000 - -
25th Percentile £53,750 - £45,000
Median annual salary (50th Percentile) £70,000 - £50,000
Median % change year-on-year - - -35.48%
75th Percentile £77,500 - £105,000
90th Percentile - - £145,000
England median annual salary £70,000 £70,000 £50,000
% change year-on-year - +40.00% -13.04%

The following table is for comparison with the above and includes summary statistics for all permanent IT job vacancies advertised in London. 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 permanent jobs in our overall sample.

All Permanent IT Job Vacancies
London
Permanent vacancies in London with a recognized job title 65,121 41,247 24,072
% of permanent IT jobs with a recognized job title 91.43% 89.47% 93.63%
Number of salaries quoted 34,025 28,446 19,952
10th Percentile £41,250 £41,250 £40,000
25th Percentile £52,500 £52,500 £51,250
Median annual salary (50th Percentile) £70,000 £70,000 £67,500
Median % change year-on-year - +3.70% +8.00%
75th Percentile £90,000 £87,500 £85,000
90th Percentile £110,000 £105,000 £102,500
England median annual salary £60,000 £55,000 £55,000
% change year-on-year +9.09% - +5.77%

Algorithm Engineer
Job Vacancy Trend in London

Job postings that featured Algorithm Engineer in the job title as a proportion of all IT jobs advertised in London.

Job vacancy trend for Algorithm Engineer in London

Algorithm Engineer
Salary Trend in London

3-month moving average salary quoted in jobs citing Algorithm Engineer in London.

Salary trend for Algorithm Engineer in London

Algorithm Engineer
Salary Histogram in London

Salary distribution for jobs citing Algorithm Engineer in London over the 6 months to 15 August 2022.

Salary histogram for Algorithm Engineer in London

Algorithm Engineer Skill Set
Top 17 Co-occurring IT Skills in London

For the 6 months to 15 August 2022, Algorithm Engineer job roles required the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads across the London region featuring Algorithm Engineer in the job title.

1 4 (100.00%) Python
1 4 (100.00%) Finance
1 4 (100.00%) Algorithmic Trading
1 4 (100.00%) Portfolio Management
1 4 (100.00%) Machine Learning
1 4 (100.00%) Algorithms
2 3 (75.00%) Insurtech
2 3 (75.00%) GCP
2 3 (75.00%) Azure
2 3 (75.00%) AWS
2 3 (75.00%) Degree
2 3 (75.00%) PhD
3 1 (25.00%) Data Modelling
3 1 (25.00%) Data Pipeline
3 1 (25.00%) DataOps
3 1 (25.00%) CI/CD
3 1 (25.00%) Data Science

Algorithm Engineer Skill Set
Co-occurring IT Skills in London 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:

Cloud Services
1 3 (75.00%) AWS
1 3 (75.00%) Azure
1 3 (75.00%) GCP
General
1 4 (100.00%) Finance
Miscellaneous
1 4 (100.00%) Algorithms
Processes & Methodologies
1 4 (100.00%) Algorithmic Trading
1 4 (100.00%) Machine Learning
1 4 (100.00%) Portfolio Management
2 3 (75.00%) Insurtech
3 1 (25.00%) CI/CD
3 1 (25.00%) Data Modelling
3 1 (25.00%) Data Pipeline
3 1 (25.00%) Data Science
3 1 (25.00%) DataOps
Programming Languages
1 4 (100.00%) Python
Qualifications
1 3 (75.00%) Degree
1 3 (75.00%) PhD