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Algorithm and Simulation Engineer III Salary in Illinois

How much does an Algorithm and Simulation Engineer III make in Illinois?

As of July 01, 2026, the average salary for an Algorithm and Simulation Engineer III in Illinois is $120,950 per year, which breaks down to an hourly rate of $58.

However, an Algorithm and Simulation Engineer III's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $137,323
  • Majority Range (25th-75th percentile): $108,740 to $129,520
  • Entry-Level (10th percentile): $97,623
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View as table View as graph 25% $108,740 10% $97,623 90% $137,323 75% $129,520 $120,950 50%(Median) Didn’t find job title? Click

Algorithm and Simulation Engineer III Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $129,520 $10,793 $2,491 $62
Average $120,950 $10,079 $2,326 $58
25th Percentile $108,740 $9,062 $2,091 $52
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Key Factors That Influence Algorithm and Simulation Engineer III Salaries

An Algorithm and Simulation Engineer III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.

How Experience Level Affects Algorithm and Simulation Engineer Salaries?

Experience is a primary driver of an Algorithm and Simulation Engineer III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Algorithm and Simulation Engineer I (0-2 years): $79,876
  • Algorithm and Simulation Engineer II (2-4 years): $95,573
  • Algorithm and Simulation Engineer III (4-7 years): $120,950
  • Algorithm and Simulation Engineer IV (7+ years): $147,343
  • Algorithm and Simulation Engineer V (7-10 years): $177,280
Job Role Years of Experience Average Salary
Algorithm and Simulation Engineer I0-2 years$79,876
Algorithm and Simulation Engineer II2-4 years$95,573
Algorithm and Simulation Engineer III4-7 years$120,950
Algorithm and Simulation Engineer IV7+ years$147,343
Algorithm and Simulation Engineer V7-10 years$177,280
$79,876 Algorithm...
$95,573 Algorithm...
$120,950 Algorithm...
$147,343 Algorithm...
$177,280 Algorithm...
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What Am I Worth?

Top Paying Cities for Algorithm and Simulation Engineer IIIs

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Effingham: $111,492
  • Saint Peter: $111,339
  • Salem: $111,762

Algorithm and Simulation Engineer III Salary by Company Size: Startups vs. Enterprise

Algorithm and Simulation Engineer III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $135,282. While startup companies pay approximate $114,408.

Algorithm and Simulation Engineer III Salary by Company Size

Company Size Employees Average Salary
Startup1~50$114,408
Growth Stage51~500$121,004
Established501~5000$130,640
Enterprise5000+$135,282

Algorithm and Simulation Engineer III Salary by Industry: Top Paying Sectors

For Algorithm and Simulation Engineer III roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Financial Services sectors offer the strongest compensation, at 40% above the average. In contrast, Algorithm and Simulation Engineer positions in Telecom or Retail & Wholesale typically offer lower base pay, as these industries often view Algorithm and Simulation Engineer III as a support function rather than a direct revenue driver.

The top paying industries for an Algorithm and Simulation Engineer III

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Software & Networking$169,330$81.040%
Financial Services$157,235$76.030%
Aerospace & Defense$151,188$73.025%
Insurance$145,140$70.020%
Internet$142,721$69.018%

Algorithm and Simulation Engineer III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Algorithm and Simulation Engineer III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on July 01, 2026
$108,740
Average $120,950/year
$129,520
$9,062
Average $10,079/month
$10,793
$2,091
Average $2,326/week
$2,491
$52
Average $58/hour
$62
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $129,520 $10,793 $2,491 $62
Average $120,950 $10,079 $2,326 $58
25th Percentile $108,740 $9,062 $2,091 $52

Algorithm and Simulation Engineer III Salary Growth & Career Path

Algorithm and Simulation Engineer III
Algorithm and Simulation Engineer IV
Algorithm and Simulation Engineer V

For an Algorithm and Simulation Engineer III, the most direct path to higher earnings is advancing to the Algorithm and Simulation Engineer IV role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $147,343 - a projected growth of 22% over your current level.

Salaries of jobs related to Algorithm and Simulation Engineer III

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