As of July 01, 2026, the average salary for an Algorithm and Simulation Engineer V in Illinois is $177,280 per year, which breaks down to an hourly rate of $85.
However, an Algorithm and Simulation Engineer V's salary can vary significantly. Here’s a look at the typical salary range:
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Algorithm and Simulation Engineer V Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $185,709 | $15,476 | $3,571 | $89 |
| Average | $177,280 | $14,773 | $3,409 | $85 |
| 25th Percentile | $169,690 | $14,141 | $3,263 | $82 |
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An Algorithm and Simulation Engineer V'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.
Experience is a primary driver of an Algorithm and Simulation Engineer V'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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| 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 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Algorithm and Simulation Engineer Vs. For example, consider the average annual salaries in these key locations:
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:
Algorithm and Simulation Engineer V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $198,286. While startup companies pay approximate $167,691.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $167,691 |
| Growth Stage | 51~500 | $177,359 |
| Established | 501~5000 | $191,483 |
| Enterprise | 5000+ | $198,286 |
For Algorithm and Simulation Engineer V roles, the industry you choose can affect earning potential by as much as 55% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Aerospace & Defense sectors offer the strongest compensation, at 25% above the average. In contrast, Algorithm and Simulation Engineer positions in Hospitality & Leisure or Transportation typically offer lower base pay, as these industries often view Algorithm and Simulation Engineer V as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Energy & Utilities | $221,600 | $107.0 | 25% |
| Aerospace & Defense | $212,736 | $102.0 | 20% |
| Software & Networking | $212,736 | $102.0 | 20% |
| Financial Services | $203,872 | $98.0 | 15% |
| Insurance | $203,872 | $98.0 | 15% |
Understanding how an Algorithm and Simulation Engineer V'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $185,709 | $15,476 | $3,571 | $89 |
| Average | $177,280 | $14,773 | $3,409 | $85 |
| 25th Percentile | $169,690 | $14,141 | $3,263 | $82 |
Ready to take the next step in your career? Browse thousands of current Algorithm and Simulation Engineer V job openings on our job board. Use the search bar below to find your perfect match.
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