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Salary and Benefits

Financial Engineer
$65K-$79K / yr. (est.)
$65K
$72,553 / year
$80K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Financial Engineer

What does a Financial Engineer do?

In the role of Financial Engineer, we are responsible for developing new strategies for collecting financial data for our organisation. We identify the latest market trends to ensure that our company's financial strategies comply with the current market strategies. We conduct in-depth research and prepare reports to compare our existing data with the new research. Functioning as Financial Engineer, we are liable for managing the financial issues for team members and solving these complications to simplify our data sets. We coordinate with software developers and engineers to explain the new data implementation methods to them.

Core tasks:

  • working collaboratively with the team members
  • performing administration tasks whenever required
  • monitoring the performance of our financial strategies
  • performing other duties as assigned

Insights

How Many Years of Experience Do Professionals Need Before Becoming Financial Engineer?
On average, people work 3-5 years in other positions prior to becoming a Financial Engineer.
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Risk ManagerHouston, TX - A year ago
😤 This is unfair! I've been working in risk management for so long, and now I have to wait even longer to become a Financial Engineer. This is ridiculous!
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ActuaryBoston, MA - A year ago
🙄 Oh great, now I have to spend even more years in other positions before my transition to becoming a Financial Engineer. Can't wait!
How Long Do Financial Engineer Employees Typically Stay in Their Roles?
On average, Financial Engineers works in this position for 3-5 years across multiple employers.
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Financial PlannerHouston, TX - A year ago
I've heard that Financial Engineers can't handle the pressure in real financial planning scenarios. Stick to the computers, guys.
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Quantitative AnalystPhiladelphia, PA - A year ago
Hahaha, I don't get why Financial Engineers think they're on the same level as us Quants. Quantitative analysis is a real science, no offense.
What Is the Job Hopper Score for Financial Engineer Employees?
Moderate job changes in Financial Engineer, showing some career movement without excessive turnover.
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Investment AdvisorLos Angeles, CA - A year ago
Financial engineers may have their uses, but at the end of the day, they're just glorified number crunchers. A good investment advisor knows where to put your money, not just how to play with it!
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Options TraderDallas, TX - A year ago
Financial engineering is just another way for overly complicated algorithms to mess with the stock market. Keep it simple and stick to the trading fundamentals!

Career path

Path to job

Discover a Financial Engineer's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Financial Engineer typically studied at.
Carnegie Mellon University
Columbia University in the City of New York

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Financial Engineer Employees?
Gender ratio in Financial Engineer position: 0.802690582959641 Male and 0.197309417040359 Female. Age ratio in Financial Engineer position: 16-20: 4%, 21-30: 71%, 31-40: 18%, 41-50: 6%, 51-60: 1%, 60+: 0%. Financial Engineer position is predominantly male (80.3%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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AccountantSan Francisco, CA - A year ago
It's frustrating that the image confirms the lack of representation for women in finance. We need to address this imbalance! 💪
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EconomistSeattle, WA - A year ago
These stats reveal the need for more opportunities for women in finance. The gender and age representation is disappointingly unbalanced. 😞

Workplaces

Who Are the Top Employers for Financial Engineer?
Top employers of Financial Engineer position: Bloomberg, Fannie Mae, First Derivatives. People who work in Financial Engineer position most typically go on to work for the Bloomberg.
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Financial EngineerHouston, TX - A year ago
I've worked with Bloomberg before and their environment can be frustrating and lacking in support. Fannie Mae might be more traditional, but at least they value their employees' well-being.
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Financial EngineerBoston, MA - A year ago
As a Financial Engineer, I've had the opportunity to work with all three companies. Bloomberg's data-driven approach sets them apart, but First Derivatives' close-knit team and collaborative culture can't be beat!
Bloomberg
Fannie Mae
First Derivatives
What Industries Does Financial Engineer Typically Have Experience In?
Industry Background: The most typical industries of Financial Engineer: Finance & Insurance, Information Technology, Administrative & Support, Professional / Scientific / Technical, Education. Financial Engineer employees most likely come from a Finance & Insurance industry background.
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Financial EngineerHouston, TX - A year ago
I agree, data science and machine learning skills are essential in optimizing financial processes. It's worth the investment for companies! 💪
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Financial EngineerMiami, FL - A year ago
Can anyone share any insights about the career progression opportunities in the role of a Financial Engineer? 📈

Find your job as Financial Engineer

Discussion about Financial Engineer

Want to know more about Financial Engineer position?
Share your thoughts and ideas about Financial Engineer position with others in our community.
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How is the gender diversity among people working as a Financial Engineer?
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Sophie Hayes3 years ago
20% are women in this profession only.
What is the most common age of a Financial Engineer?
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Benjamin Gardner3 years ago
The average age is 28
Is a Financial Engineer considered to be a senior profession?
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Benjamin Gardner3 years ago
You need 4 years of experience to work as a Financial Engineer.
Which industries does a Financial Engineer typically work in?
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Liam Brown3 years ago
Most typically work in the Finance & Insurance industry.
Do I need a degree to work as a Financial Engineer?
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Sophie Hayes3 years ago
As a Financial Engineer you’ll probably need Master of Science degree
Which company are you working for as a Financial Engineer?
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Sophie Hayes3 years ago
If you are a Financial Engineer you should definitely apply for Bloomberg, Fannie Mae, First Derivatives, Moody's and Moody's Analytics
How many years of experience as a Financial Engineer is needed in average to switch to another position?
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Benjamin Gardner3 years ago
You should work for 4 years before considering changing to another role.
How common is it for a Financial Engineer to jump from company to company?
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Liam Brown3 years ago
On average a Financial Engineer works for only a few companies.
What jobs do people work in before becoming a Financial Engineer?
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Isabella Holmes3 years ago
Most people come from Financial Analyst or Analyst roles
What typical professions people working as a Financial Engineer switch to?
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Liam Brown3 years ago
Consider the following: Quantitative Analyst or Vice President
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Disclaimer

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