Algorithm Engineer Jobs in London

Algorithm Engineer
England > London

The median Algorithm Engineer salary in London is £107,500 per year, according to job vacancies posted during the 6 months leading to 12 June 2024.

The table below provides salary benchmarking and summary statistics, comparing them to the same period in the previous two years.

6 months to
12 Jun 2024
Same period 2023 Same period 2022
Rank 507 598 917
Rank change year-on-year +91 +319 -271
Permanent jobs requiring an Algorithm Engineer 2 5 9
As % of all permanent jobs advertised in London 0.008% 0.016% 0.012%
As % of the Job Titles category 0.009% 0.017% 0.013%
Number of salaries quoted 2 5 7
10th Percentile £96,250 £88,500 £57,500
25th Percentile £98,125 £90,000 £77,500
Median annual salary (50th Percentile) £107,500 £100,000 £110,000
Median % change year-on-year +7.50% -9.09% -
75th Percentile £118,125 £115,000 £120,000
90th Percentile £120,750 £125,500 -
England median annual salary £60,000 £80,000 £70,000
% change year-on-year -25.00% +14.29% -

All Permanent IT Job Vacancies
London

For comparison with the information above, the following table provides summary statistics for all permanent IT job vacancies 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.

Permanent vacancies in London with a recognized job title 23,403 29,645 71,541
% of permanent jobs with a recognized job title 94.44% 94.97% 96.13%
Number of salaries quoted 17,198 22,316 34,853
10th Percentile £37,500 £41,750 £41,250
25th Percentile £50,000 £54,988 £52,500
Median annual salary (50th Percentile) £70,000 £72,500 £70,000
Median % change year-on-year -3.45% +3.57% -
75th Percentile £93,750 £95,000 £91,250
90th Percentile £115,000 £115,000 £110,000
England median annual salary £52,500 £60,713 £60,000
% change year-on-year -13.53% +1.19% +9.09%

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
Job Locations in London

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Algorithm Engineer within the London region over the 6 months to 12 June 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
Central London +44 1 £115,000 +15.00%
East London - 1 £100,000 -
Algorithm Engineer
England

Algorithm Engineer Skill Set
Top 21 Co-occurring Skills and Capabilities in London

For the 6 months to 12 June 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 across the London region featuring Algorithm Engineer in the job title.

1 2 (100.00%) Algorithmic Trading
1 2 (100.00%) Software Engineering
2 1 (50.00%) FIX Protocol
2 1 (50.00%) Mathematics
2 1 (50.00%) Electronic Trading
2 1 (50.00%) Machine Learning
2 1 (50.00%) Go
2 1 (50.00%) TypeScript
2 1 (50.00%) Analytical Skills
2 1 (50.00%) Algorithms
2 1 (50.00%) React
2 1 (50.00%) Data Science
2 1 (50.00%) Social Skills
2 1 (50.00%) C#
2 1 (50.00%) C++
2 1 (50.00%) Front Office
2 1 (50.00%) Finance
2 1 (50.00%) Validation
2 1 (50.00%) Fixed Income
2 1 (50.00%) Banking
2 1 (50.00%) Investment Banking

Algorithm Engineer Skill Set
Co-occurring Skills and Capabilities in London 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:

General
1 1 (50.00%) Analytical Skills
1 1 (50.00%) Banking
1 1 (50.00%) Finance
1 1 (50.00%) Front Office
1 1 (50.00%) Investment Banking
1 1 (50.00%) Social Skills
Libraries, Frameworks & Software Standards
1 1 (50.00%) FIX Protocol
1 1 (50.00%) React
Miscellaneous
1 1 (50.00%) Algorithms
1 1 (50.00%) Fixed Income
Processes & Methodologies
1 2 (100.00%) Algorithmic Trading
1 2 (100.00%) Software Engineering
2 1 (50.00%) Data Science
2 1 (50.00%) Electronic Trading
2 1 (50.00%) Machine Learning
2 1 (50.00%) Mathematics
2 1 (50.00%) Validation
Programming Languages
1 1 (50.00%) C#
1 1 (50.00%) C++
1 1 (50.00%) Go
1 1 (50.00%) TypeScript