Period
to

The median annual salary for an Algorithm Engineer was £70,000 in advertised job vacancies during the 6 months to 21 May 2022.

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

Algorithm Engineer
UK
6 months to
21 May 2022
Same period 2021 Same period 2020
Rank 1160 865 912
Rank change year-on-year -295 +47 +180
Permanent jobs requiring an Algorithm Engineer 43 40 16
As % of all permanent jobs advertised in the UK 0.026% 0.044% 0.017%
As % of the Job Titles category 0.028% 0.047% 0.018%
Number of salaries quoted 41 33 13
10th Percentile £65,000 - -
25th Percentile £67,500 £67,500 £45,000
Median annual salary (50th Percentile) £70,000 £70,000 £53,000
Median % change year-on-year - +32.08% +17.78%
75th Percentile £75,000 £72,500 £61,250
90th Percentile £120,000 - £104,000
UK excluding London median annual salary £70,000 £70,000 £55,250
% change year-on-year - +26.70% +22.78%

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

All Permanent IT Job Vacancies
UK
Permanent vacancies in the UK with a recognized job title 151,120 85,041 89,372
% of permanent IT jobs with a recognized job title 92.58% 92.56% 95.28%
Number of salaries quoted 83,034 65,103 72,549
10th Percentile £32,500 £31,375 £30,000
25th Percentile £42,500 £41,204 £38,750
Median annual salary (50th Percentile) £60,000 £55,000 £52,500
Median % change year-on-year +9.09% +4.76% +5.00%
75th Percentile £77,500 £72,500 £72,500
90th Percentile £95,000 £88,750 £87,500
UK excluding London median annual salary £50,000 £47,500 £47,000
% change year-on-year +5.26% +1.06% +4.44%

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
Salary Trend

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

Salary trend for Algorithm Engineer in the UK

Algorithm Engineer
Salary Histogram

Salary distribution for jobs citing Algorithm Engineer over the 6 months to 21 May 2022.

Salary histogram for Algorithm Engineer in the UK

Algorithm Engineer
Top 8 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Algorithm Engineer within the UK over the 6 months to 21 May 2022. 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England -262 43 £70,000 - 7
UK excluding London -159 31 £70,000 - 5
Work from Home -290 31 £70,000 - 4
North of England -95 27 £70,000 - 1
Yorkshire -56 26 £70,000 - 1
London -249 12 £110,000 - 3
South West - 4 £70,000 -
North East - 1 £60,000 -

Algorithm Engineer Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 21 May 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 featuring Algorithm Engineer in the job title.

1 38 (88.37%) Python
2 35 (81.40%) Algorithms
3 30 (69.77%) C++
3 30 (69.77%) MATLAB
4 26 (60.47%) Firmware
4 26 (60.47%) DVB
4 26 (60.47%) Wi-Fi
4 26 (60.47%) Wireless
4 26 (60.47%) C
4 26 (60.47%) PhD
4 26 (60.47%) FPGA
4 26 (60.47%) Signal Processing
4 26 (60.47%) MIMO
5 10 (23.26%) Algorithmic Trading
5 10 (23.26%) Java
6 8 (18.60%) Docker
6 8 (18.60%) Kubernetes
7 7 (16.28%) Data Analytics
7 7 (16.28%) Analytics
7 7 (16.28%) Social Skills
7 7 (16.28%) Corporate Banking
7 7 (16.28%) Equities
7 7 (16.28%) Banking
7 7 (16.28%) Asset Management
7 7 (16.28%) Investment Banking
8 4 (9.30%) Software Engineering
8 4 (9.30%) Military
8 4 (9.30%) Complexity Analysis
9 3 (6.98%) Linux
9 3 (6.98%) SC Cleared

Algorithm Engineer Skill Set
Co-occurring IT Skills 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 2 (4.65%) AWS
1 2 (4.65%) Azure
1 2 (4.65%) GCP
Communications & Networking
1 26 (60.47%) DVB
1 26 (60.47%) MIMO
1 26 (60.47%) Wi-Fi
1 26 (60.47%) Wireless
General
1 7 (16.28%) Banking
1 7 (16.28%) Corporate Banking
1 7 (16.28%) Investment Banking
1 7 (16.28%) Social Skills
2 4 (9.30%) Military
3 2 (4.65%) Advertising
3 2 (4.65%) Finance
4 1 (2.33%) Front Office
Libraries, Frameworks & Software Standards
1 1 (2.33%) JNI
Miscellaneous
1 35 (81.40%) Algorithms
2 26 (60.47%) FPGA
3 7 (16.28%) Equities
4 1 (2.33%) Robotics
Operating Systems
1 3 (6.98%) Linux
2 2 (4.65%) Unix
Processes & Methodologies
1 26 (60.47%) Signal Processing
2 10 (23.26%) Algorithmic Trading
3 7 (16.28%) Analytics
3 7 (16.28%) Asset Management
3 7 (16.28%) Data Analytics
4 4 (9.30%) Complexity Analysis
4 4 (9.30%) Software Engineering
5 2 (4.65%) CI/CD
5 2 (4.65%) Data Modelling
5 2 (4.65%) Data Pipeline
5 2 (4.65%) Data Science
5 2 (4.65%) DataOps
5 2 (4.65%) Machine Learning
5 2 (4.65%) Portfolio Management
6 1 (2.33%) Cryptocurrency
6 1 (2.33%) DevOps
6 1 (2.33%) GitOps
6 1 (2.33%) Low Latency
6 1 (2.33%) Problem-Solving
6 1 (2.33%) Ultra-Low Latency
Programming Languages
1 38 (88.37%) Python
2 30 (69.77%) C++
2 30 (69.77%) MATLAB
3 26 (60.47%) C
4 10 (23.26%) Java
5 1 (2.33%) C#
5 1 (2.33%) Rust
Qualifications
1 26 (60.47%) PhD
2 3 (6.98%) SC Cleared
2 3 (6.98%) Security Cleared
System Software
1 26 (60.47%) Firmware
2 8 (18.60%) Docker
Systems Management
1 8 (18.60%) Kubernetes