Financial Engineer Salary
Men represent the vast majority of Financial Engineers in the United States. People in this role can earn an average of $87K per year nationwide. Career duration and the particular city each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The data for this synopsis comes from respondents who took the PayScale salary survey.
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.