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Algorithm Engineer Jobs in Chicago, IL (NOW HIRING)

DRW

Research Engineer (FICCO)

Chicago, IL · On-site

$175K - $225K/yr

As a Research Engineer , you will be an integral member of a systematic trading team comprised of ... A strong understanding of object oriented design, data structures and algorithms * A strong ...

IMC

Graduate Software Engineer

Chicago, IL

$200K/yr

As a Software Engineer at IMC, you will drive the development of our cutting-edge trading algorithms. You will be responsible for spotting new opportunities, solving problems and developing ...

IMC

Software Engineer, Early Career

Chicago, IL · On-site

$200K/yr

As a Software Engineer at IMC, you will drive the development of our cutting-edge trading algorithms. You will be responsible for spotting new opportunities, solving problems and developing ...

IMC

Software Engineer, Early Career

Chicago, IL · On-site

$200K/yr

As a Software Engineer at IMC, you will drive the development of our cutting-edge trading algorithms. You will be responsible for spotting new opportunities, solving problems and developing ...

Resource 1

Blockchain Engineer

Chicago, IL · On-site

Resource 1 is seeking a Blockchain Engineer for a 6-month hybrid contract for our client in the ... Extensive experience in back-end development, algorithms, and data structures. * Knowledge of ...

IMC

Graduate Software Engineer

Chicago, IL · On-site

$200K/yr

As a Software Engineer at IMC, you will drive the development of our cutting-edge trading algorithms. You will be responsible for spotting new opportunities, solving problems and developing ...

IMC

Graduate Software Engineer

Chicago, IL · On-site

$200K/yr

As a Software Engineer at IMC, you will drive the development of our cutting-edge trading algorithms. You will be responsible for spotting new opportunities, solving problems and developing ...

Gotion, Inc.

Machine Learning Engineer

Manteno, IL · On-site

Role Summary We are seeking a highly motivated Machine Learning Engineer with a strong background ... Prototype and evaluate state-of-the-art algorithms, including Transformers, LLMs, and hybrid model ...

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All JobsAlgorithm Engineer JobsAlgorithm Engineer Jobs in Chicago, IL

Algorithm Engineer information

See Chicago, IL salary details

$61.3K

$115.1K

$209.3K

How much do algorithm engineer jobs pay per year?

As of Jul 15, 2026, the average yearly pay for algorithm engineer in Chicago, IL is $115,088.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,000.00 and $136,600.00 per year, depending on experience, location, and employer.

What are the typical challenges an Algorithm Engineer faces in their day-to-day work?

Algorithm Engineers often encounter complex problems that require creative, efficient solutions within strict performance or resource constraints. They may need to optimize existing algorithms, develop new ones from scratch, and ensure seamless integration into larger software systems, often while balancing accuracy, speed, and scalability. Collaborating with other engineers, data scientists, and product teams to align technical efforts with business goals is also a regular part of the job. Staying updated with the latest advancements in algorithms and technology is essential, making continuous learning a key aspect of the role.

What engineers make $500,000?

Senior engineers in high-demand fields such as software engineering, data engineering, and machine learning engineering can earn $500,000 or more annually, especially with experience, advanced skills, and stock options. These roles often require expertise in programming, algorithms, and sometimes leadership responsibilities in tech companies or startups.

Will MLE be replaced by AI?

Machine Learning Engineers (MLEs) design, develop, and optimize AI models, but AI technology currently complements rather than replaces their role. MLEs are essential for building, deploying, and maintaining complex AI systems, and their expertise in data handling, model tuning, and system integration remains critical as AI advances. Continuous learning and familiarity with tools like TensorFlow or PyTorch are important for MLEs to stay relevant in evolving AI environments.

What does an algorithm engineer do?

An algorithm engineer designs, develops, and optimizes algorithms to solve complex problems and improve system performance. They often work with data structures, programming languages, and tools like Python or C++, and may test algorithms in simulation or real-world environments to ensure efficiency and accuracy.

What does an Algorithm Engineer do?

An Algorithm Engineer designs, develops, and optimizes algorithms to solve complex computational problems. They analyze data, improve system performance, and implement mathematical models for various applications, such as machine learning, computer vision, and optimization. This role requires proficiency in programming languages like Python or C++, strong mathematical skills, and an understanding of data structures and algorithms. Algorithm Engineers work closely with software developers, data scientists, and researchers to integrate efficient solutions into real-world systems.

What are the key skills and qualifications needed to thrive in the Algorithm Engineer position, and why are they important?

To thrive as an Algorithm Engineer, you need a strong background in mathematics, computer science, and programming, usually demonstrated with a degree in these fields and experience in algorithm design and analysis. Familiarity with languages like Python, C++, or Java, and tools such as MATLAB or TensorFlow, as well as relevant certifications like those in data science or machine learning, are typically advantageous. Outstanding problem-solving abilities, analytical thinking, and effective communication are critical soft skills for success in this role. These competencies are crucial because they enable Algorithm Engineers to design efficient, innovative solutions and collaborate seamlessly with multidisciplinary teams.

What engineers make $300,000 a year?

Senior engineers in high-demand fields such as software engineering, data engineering, and machine learning engineering can earn $300,000 or more annually, especially with extensive experience, advanced skills, and working at large tech companies or startups. Compensation often includes base salary, bonuses, and stock options, and requires strong technical expertise and certifications in relevant tools and programming languages.
What are the most commonly searched types of Algorithm Engineer jobs in Chicago, IL? The most popular types of Algorithm Engineer jobs in Chicago, IL are:
What are popular job titles related to Algorithm Engineer jobs in Chicago, IL? For Algorithm Engineer jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Algorithm Engineer jobs in Chicago, IL look for? The top searched job categories for Algorithm Engineer jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Algorithm Engineer jobs? Cities near Chicago, IL with the most Algorithm Engineer job openings:
Algorithm Engineer jobs near you
Infographic showing various Algorithm Engineer job openings in Chicago, IL as of July 2026, with employment types broken down into 86% Full Time, 4% Part Time, and 10% Contract. Highlights an 90% In-person, 4% Hybrid, and 6% Remote job distribution, with an average salary of $115,088 per year, or $55.3 per hour.
Research Engineer (FICCO)

Research Engineer (FICCO)

DRW

Chicago, IL • On-site

$175K - $225K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 11 days ago

Job description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.
Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.
We operate with respect, curiosity and open minds. The people who thrive here share our belief that it's not just what we do that matters-it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.
As a Research Engineer, you will be an integral member of a systematic trading team comprised of experienced technologists, quantitative researchers, and traders. Your team will work closely to solve challenging technological problems and contribute to our full tech stack, including software design, data engineering, distributed computing, and quantitative modeling. You will be surrounded by cutting edge technology, mentored by industry-leading engineers, offered training and continuing education opportunities, and given immediate responsibility. We are looking for quantitatively minded people who are creative technologists, natural programmers, and disciplined engineers eager to develop new technologies that directly impact our business.
How you will make an impact:
  • Work with researchers to implement research studies, simulate trading strategies, and develop algorithms to compete in financial markets.
  • Design trading strategy simulation software optimized for distributed computation
  • Develop software for large scale data acquisition, storage, accessibility, and visualization
  • Create user interfaces for data exploration and post trade analysis
  • Accelerate the research lifecycle from strategy prototype to production deployment
  • Evaluate new technology and improve our technology stack

What you bring to the team:
  • Bachelor's degree in Computer Science, Computer Engineering, or related field
  • Excellent software development skills in modern C++ and Python
  • A strong understanding of object oriented design, data structures and algorithms
  • A strong understanding of quantitative finance mathematics
  • A solid foundation in programming with the ability to think, communicate, and code clearly
  • A solid understanding of computer systems at every level of abstraction (hardware, OS, memory, network)
  • Skills in multi-threaded applications
  • An understanding of how to build software for long term use and broad adoption
  • Demonstrated ability to produce algorithmic code in a fast-paced environment

The annual base salary range for this position is $175,000 to $225,000, depending on the candidate's experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.
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