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Algorithmic Engineer Jobs in Illinois (NOW HIRING)

Eagle Seven

Algorithmic Trader

Chicago, IL · On-site

Eagle Seven is seeking an experienced Algorithmic Trader to trade futures contract listed on Eurex ... Working closely with strategy developers to collaborate, propose, and test certain strategy ...

Eagle Seven

Algorithmic Trader

Chicago, IL

Eagle Seven is seeking an experienced Algorithmic Trader to trade futures contract listed on Eurex ... Working closely with strategy developers to collaborate, propose, and test certain strategy ...

Meds

Senior Software Engineer

Chicago, IL

$126K - $166K/yr

Solid grasp of computer science foundations, mainly algorithms and data structures * Expertise in one or more modern programming languages. Examples are TypeScript, Javascript, Python, Go, C++, Java ...

Meds

Senior Software Engineer

Chicago, IL · On-site

$126K - $166K/yr

Solid grasp of computer science foundations, mainly algorithms and data structures * Expertise in one or more modern programming languages. Examples are TypeScript, Javascript, Python, Go, C++, Java ...

Resource Point LLC

AI/ML Engineer

Chicago, IL · On-site

This role requires strong technical skills in machine learning, programming, and algorithms, as well as effective collaboration with data scientists, software developers, and business stakeholders to ...

Meds

Senior Software Engineer

Chicago, IL · On-site

$126K - $166K/yr

Solid grasp of computer science foundations, mainly algorithms and data structures * Expertise in one or more modern programming languages. Examples are TypeScript, Javascript, Python, Go, C++, Java ...

DRW

Research Engineer (FICCO)

Chicago, IL · On-site

As a Research Engineer, you will work closely with a systematic trading team to implement research studies, develop algorithms, and design software for trading strategy simulations. Responsibilities ...

Edgehog Trading

Full Stack Developer

Chicago, IL · On-site

Proven ability to work in cross-functional teams, particularly alongside algorithmic developers and traders * Solid understanding of software engineering fundamentals - data structures, algorithms ...

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All JobsAlgorithmic Engineer JobsAlgorithmic Engineer Jobs in Illinois

Algorithmic Engineer information

See Illinois salary details

$57.7K

$108.2K

$196.7K

How much do algorithmic engineer jobs pay per year?

As of Jul 10, 2026, the average yearly pay for algorithmic engineer in Illinois is $108,174.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,000.00 and $128,400.00 per year, depending on experience, location, and employer.

What engineers make $500,000?

Senior-level algorithmic engineers, especially those working in finance, technology, or specialized research roles, can earn $500,000 or more annually, often including bonuses and stock options. Achieving this level typically requires extensive experience, advanced skills in algorithms and programming, and working at top-tier companies or in high-demand industries.

What is the difference between Algorithmic Engineer vs Data Scientist?

AspectAlgorithmic EngineerData Scientist
Required CredentialsBachelor's or Master's in Computer Science, Engineering, or related fields; programming skillsBachelor's or Master's in Data Science, Statistics, or related fields; strong analytical skills
Work EnvironmentDevelops algorithms for software, hardware, or embedded systems; often in tech or finance industriesAnalyzes data to extract insights; works in tech, finance, healthcare, and more
Employer & Industry UsageTech companies, finance firms, R&D departmentsTech companies, consulting firms, research institutions

While both roles require strong programming and analytical skills, Algorithmic Engineers focus on designing and implementing algorithms for systems and applications, whereas Data Scientists analyze data to inform business decisions. The roles often overlap in tech environments but serve different primary functions.

Which 5 jobs will survive AI?

Algorithmic engineers are likely to continue thriving as AI advances because they develop and optimize algorithms that underpin AI systems. Jobs requiring complex problem-solving, creativity, and human judgment—such as data scientists, AI ethicists, cybersecurity specialists, healthcare professionals, and software developers—are also expected to persist due to their reliance on nuanced understanding and adaptability beyond automation. These roles often involve skills in programming, critical thinking, and domain expertise that are less easily replaced by AI.

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 focus on areas such as machine learning, data analysis, or software development. Their role involves analyzing requirements, testing algorithms, and ensuring efficiency in real-world applications.

What engineers make 300,000 a year?

Senior engineers in fields such as software, data engineering, and machine learning can earn $300,000 or more annually, especially with extensive experience, advanced skills, and working at large tech companies or in specialized roles. Compensation often includes base salary, bonuses, and stock options, and requires strong technical expertise and industry demand.
What are popular job titles related to Algorithmic Engineer jobs in Illinois? For Algorithmic Engineer jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Algorithmic Engineer jobs in Illinois look for? The top searched job categories for Algorithmic Engineer jobs in Illinois are:
What cities in Illinois are hiring for Algorithmic Engineer jobs? Cities in Illinois with the most Algorithmic Engineer job openings:
Algorithmic Engineer jobs near you
Junior Wireless DSP/PHY Algorithm Engineer

Junior Wireless DSP/PHY Algorithm Engineer

ISCO International LLC

Schaumburg, IL • On-site

$141K - $164K/yr

Other

Re-posted 12 days ago

Job description

Position Description
ISCO is seeking a Junior Wireless DSP / PHY Algorithm Engineer to support the modeling and evaluation of signal processing algorithms for wireless communication systems.
In this role, you will build and adapt MATLAB-based models of DSP and PHY algorithms, following guidance from senior engineers. Your work will include simulating algorithms in a system-level framework, analyzing time-domain IQ signals, and helping validate algorithm performance under realistic conditions.
You will work with both time-domain signal processing and OFDM receiver techniques. The role involves integrating algorithms (e.g., equalization, combining, interference mitigation) into larger simulation frameworks. While your primary tool will be MATLAB, familiarity with object-oriented programming principles (from Python or other languages) will help you adapt to MATLAB's object-oriented system framework.
This position is ideal for someone who is a proficient coder, deeply familiar with signal processing principles, and eager to implement and adapt algorithms in collaboration with senior engineers.
Education/Experience
MSEE or PhD in Electrical Engineering with emphasis on digital signal processing and wireless communication systems.
2-7 years of experience developing signal processing models, simulations, or algorithms for wireless or DSP systems.
Required Skills
1. Strong proficiency in MATLAB programming, with experience building simulations or models of signal processing algorithms.
2. Solid understanding of digital signal processing fundamentals, such as filtering, spectral analysis, and time/frequency domain concepts.
3. Familiarity with wireless communication concepts such as OFDM, MIMO, channel modeling, and basic RF propagation.
4. Experience with object-oriented programming (e.g., in Python, MATLAB, or another language) and ability to adapt these principles to MATLAB's system framework.
5. Ability to translate algorithm descriptions or mathematical models into clean, well-structured MATLAB code.
6. Familiarity with OFDM receiver techniques (e.g., channel estimation, equalization, or combining methods) is a plus.
7. Experience contributing to system-level or link-level simulations is desirable.
8. Good communication skills and ability to collaborate within a team.
9. Strong curiosity and eagerness to learn and grow in wireless DSP algorithm development.
Additional Requirements
Occasional domestic travel in support of customer meetings or product trials is required. Travel is estimated at about 10% of the time.
Since ISCO makes equipment for cellular operators and cellular networks operate 24/7, on rare occasions some work (particularly during product trials) may have to be performed during off hours between 12am - 4 am or weekends.
Location
This position is at ISCO headquarters in Schaumburg, IL. Remote candidates are also strongly considered given the right set of skills and experience.
Residency Requirement
Reporting
Reports to Vice President - Engineering

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