Algorithm Engineer
UK

The median Algorithm Engineer salary in the UK is £65,000 per year according to job vacancies posted during the 6 months to 26 April 2024.

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

6 months to
26 Apr 2024
Same period 2023 Same period 2022
Rank 883 980 1164
Rank change year-on-year +97 +184 -308
Permanent jobs requiring an Algorithm Engineer 11 13 48
As % of all permanent jobs advertised in the UK 0.011% 0.012% 0.031%
As % of the Job Titles category 0.012% 0.014% 0.032%
Number of salaries quoted 11 10 45
10th Percentile - £53,750 £65,000
25th Percentile £50,000 £55,000 £67,500
Median annual salary (50th Percentile) £65,000 £67,500 £70,000
Median % change year-on-year -3.70% -3.57% -
75th Percentile £87,500 £96,875 £82,500
90th Percentile £122,500 £112,250 £120,000
UK excluding London median annual salary £62,500 £55,000 £70,000
% change year-on-year +13.64% -21.43% -

All Permanent IT Job Vacancies
UK

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.

Permanent vacancies in the UK with a recognized job title 92,901 95,961 148,050
% of permanent jobs with a recognized job title 94.62% 91.57% 96.06%
Number of salaries quoted 66,751 60,281 85,224
10th Percentile £28,500 £32,500 £32,500
25th Percentile £38,500 £45,000 £42,500
Median annual salary (50th Percentile) £52,686 £60,000 £60,000
Median % change year-on-year -12.19% - +9.09%
75th Percentile £71,250 £81,250 £78,750
90th Percentile £90,000 £100,000 £95,495
UK excluding London median annual salary £50,000 £52,500 £50,000
% change year-on-year -4.76% +5.00% +5.26%

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 26 April 2024.

Salary histogram for Algorithm Engineer in the UK

Algorithm Engineer
Top 5 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 26 April 2024. 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 +118 11 £65,000 -18.75% 10
South East +31 8 £62,500 +13.64% 5
UK excluding London -6 8 £62,500 +13.64% 6
London +143 3 £115,000 +15.00% 4
Work from Home +84 3 £60,000 -25.00% 4

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

For the 6 months to 26 April 2024, Algorithm Engineer 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 permanent job ads featuring Algorithm Engineer in the job title.

1 9 (81.82%) C++
1 9 (81.82%) Algorithms
2 8 (72.73%) Machine Learning
3 7 (63.64%) Python
3 7 (63.64%) Signal Processing
4 4 (36.36%) Degree
4 4 (36.36%) Robotics
4 4 (36.36%) MATLAB
4 4 (36.36%) Social Skills
5 3 (27.27%) Problem-Solving
5 3 (27.27%) Computer Science Degree
5 3 (27.27%) Artificial Intelligence
5 3 (27.27%) Simulink
5 3 (27.27%) Java
5 3 (27.27%) Mathematics
5 3 (27.27%) Xilinx
5 3 (27.27%) Software Engineering
5 3 (27.27%) Security Cleared
5 3 (27.27%) Computer Science
5 3 (27.27%) Algorithmic Trading
6 2 (18.18%) Electronic Trading
6 2 (18.18%) SC Cleared
6 2 (18.18%) Fixed Income
6 2 (18.18%) Investment Banking
6 2 (18.18%) Banking
6 2 (18.18%) Front Office
6 2 (18.18%) TypeScript
6 2 (18.18%) React
7 1 (9.09%) Kalman Filter
7 1 (9.09%) Analytical Skills

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:

Applications
1 3 (27.27%) Simulink
General
1 4 (36.36%) Social Skills
2 2 (18.18%) Banking
2 2 (18.18%) Front Office
2 2 (18.18%) Investment Banking
3 1 (9.09%) Analytical Skills
3 1 (9.09%) Finance
Libraries, Frameworks & Software Standards
1 2 (18.18%) React
2 1 (9.09%) FIX Protocol
Miscellaneous
1 9 (81.82%) Algorithms
2 4 (36.36%) Robotics
3 2 (18.18%) Fixed Income
Processes & Methodologies
1 8 (72.73%) Machine Learning
2 7 (63.64%) Signal Processing
3 3 (27.27%) Algorithmic Trading
3 3 (27.27%) Artificial Intelligence
3 3 (27.27%) Computer Science
3 3 (27.27%) Mathematics
3 3 (27.27%) Problem-Solving
3 3 (27.27%) Software Engineering
4 2 (18.18%) Electronic Trading
5 1 (9.09%) Data Science
5 1 (9.09%) Kalman Filter
5 1 (9.09%) Physics
5 1 (9.09%) Sensor Fusion
5 1 (9.09%) Validation
Programming Languages
1 9 (81.82%) C++
2 7 (63.64%) Python
3 4 (36.36%) MATLAB
4 3 (27.27%) Java
5 2 (18.18%) TypeScript
6 1 (9.09%) C#
6 1 (9.09%) Go
Qualifications
1 4 (36.36%) Degree
2 3 (27.27%) Computer Science Degree
2 3 (27.27%) Security Cleared
3 2 (18.18%) SC Cleared
4 1 (9.09%) Master's Degree
4 1 (9.09%) PhD
Vendors
1 3 (27.27%) Xilinx