Financial Engineer Salary
Financial Engineers in the United States are largely men, earning an average of $81K per year. Career length and the particular city each impact pay for this group, with the former having the largest influence. A fair number report receiving medical coverage from their employers and the greater part collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.
|Salary||$58,197 - $116,350|
|Bonus||$592 - $39,594|
|Total Pay (||$61,825 - $134,895|
Job Description for Financial Engineer
Financial engineers work for financial institutions, such as banks, investment houses, and mutual fund companies, and must be proficient in applied mathematics, economic theory, statistics, and computer science for success.Read More...
Financial engineers must know how to use mathematical and analytical tools to create algorithms to be used in financial analysis, and also work to provide financial analyses of their company's new products and asset classes. They may suggest program changes if necessary and must be proficient with relevant software and computer applications and Microsoft Office programs (Word, Excel, Power Point and Outlook). They should also be able to multitask and work well under pressure.
Financial engineers must have strong communication skills and be able to work in a team environment, and some may attend relevant training classes or conferences to keep their skills up-to-date.
Financial Engineer Tasks
- Develop analytical systems and strategies for financial decisionmaking.
- Research trends in big data, fiscal services, and credit assessment procedures.
- Act as gobetween for clients and professional IT team.
- Provide backend development for analytical processes.