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Algorithmic Engineer Jobs in Chicago, IL (NOW HIRING)

Elutions

Domain Engineer

Chicago, IL

The Engineering Team is seeking a motivated, hard-working Domain Engineer with the ability to ... Understand big data concepts and have knowledge of data mining algorithms. * Read and understand ...

Elutions

Domain Engineer

Chicago, IL · Remote

The Engineering Team is seeking a motivated, hard-working Domain Engineer with the ability to ... Understand big data concepts and have knowledge of data mining algorithms. * Read and understand ...

Elutions

Domain Engineer

Chicago, IL · On-site

The Engineering Team is seeking a motivated, hard-working Domain Engineer with the ability to ... Understand big data concepts and have knowledge of data mining algorithms. * Read and understand ...

EndoSec LLC

FPGA Engineer

Chicago, IL · On-site

$133K - $172K/yr

S. Government Security Clearance FPGA Engineer The EndoSec FPGA Engineer is responsible for the ... cryptography algorithms using state-of-the-art FPGA hardware. Modeling and Simulation: Use ...

EndoSec LLC

FPGA Engineer

Schaumburg, IL · On-site

$127K - $164K/yr

S. Government Security Clearance FPGA Engineer The EndoSec FPGA Engineer is responsible for the ... cryptography algorithms using state-of-the-art FPGA hardware. Modeling and Simulation: Use ...

IMC

Software Engineer, Early Career

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 ...

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All JobsAlgorithmic Engineer JobsAlgorithmic Engineer Jobs in Chicago, IL

Algorithmic Engineer information

See Chicago, IL salary details

$61.3K

$115.1K

$209.3K

How much do algorithmic engineer jobs pay per year?

As of Jul 10, 2026, the average yearly pay for algorithmic 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 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.
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Algorithmic Engineer jobs near you
Execution Algo Engineer, Execution Technology - Java

Execution Algo Engineer, Execution Technology - Java

Balyasny Asset Management L.P.

Chicago, IL • On-site

$53.25 - $73.25/hr

Full-time

Posted yesterday

Job description

Job Summary:
Balyasny Asset Management (BAM) is a firm that powers trading through its Execution Technology team. They are seeking an Execution Algo Engineer to build and evolve execution algorithms and business automation, collaborating with traders and portfolio managers to enhance trading performance and risk management.
Responsibilities:
• Build and evolve our Execution Algorithm and business automation suite — from concept to production
• Partner with senior engineers to design high-performance trading algorithms and distributed system components
• Raise the bar through rigorous design and code reviews
• Optimize relentlessly — improving efficiency, scalability, and stability across our systems
• Bridge the gap between technology and the business, collaborating directly with traders, portfolio managers, and risk teams
Qualifications:
Required:
• 2+ years of hands-on experience building Execution Trading Algorithms
• 5+ years building financial or trading systems in Java
• Deep expertise in multi-threaded and concurrent programming, including lock-free algorithms
• Experience designing and developing distributed systems
• Solid understanding of centralized risk management
• Familiarity with AI-assisted development tools (planning, code generation, testing)
• Strong communicator — equally comfortable in a whiteboard session or a stakeholder meeting
• Energized, not intimidated, by a fast-paced environment
Preferred:
• Proficiency in C#, C++, or React
• Experience with low-latency programming techniques
Company:
Balyasny Asset Management (BAM) is a diversified global investment firm founded in 2001 by Dmitry Balyasny, Scott Schroeder, and Taylor O'Malley. Founded in 2001, the company is headquartered in Chicago, USA, with a team of 1001-5000 employees. The company is currently Late Stage.

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