The average salary for a Financial Engineer is $78,222.
Tell us about your job and pay factors like skills and education Find your market worth with a report tailored to you Negotiate your pay with confidence
What Do Financial Engineers Do?
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.
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…Read more
Financial Engineer Tasks
- Provide backend development for analytical processes.
- Act as go-between for clients and professional IT team.
- Develop analytical systems and strategies for financial decision-making.
- Research trends in big data, fiscal services, and credit assessment procedures.
Job Satisfaction for Financial Engineer
Popular Employer Salaries for Financial Engineer
Explore the most common career paths for Financial Engineer. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
to research other job paths.
Pre Sales Technical Consultant
Quantitative Analyst, Risk
Somewhat common (8 - 20%)
Financial Engineer Job Listings
What Are Popular Skills for Financial Engineers?
Skills that pay less than market rate include Data Modeling, Microsoft Excel, Python, Financial Modeling and SQL.
What is the Pay by Experience Level for Financial Engineers?
An entry-level Financial Engineer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $75,167 based on 24 salaries. An early career Financial Engineer with 1-4 years of experience earns an average total compensation of $78,624 based on 19 salaries. A mid-career Financial Engineer with 5-9 years of experience earns an average total compensation of $102,288 based on 10 salaries. An experienced Financial Engineer with 10-19 years of experience earns an average total compensation of $122,927 based on 9 salaries.
Pay Difference by Location
Employees with Financial Engineer in their job title in Chicago, Illinois earn an average of 27.8% more than the national average. These job titles also find higher than average salaries in New York, New York (11.9% more). The lowest salaries can be found in Washington, District of Columbia (3.1% less).
Years of Experience
This data is based on 62 survey responses.