Avg. Base Salary (USD)
The average salary for a Financial Engineer is $77,698
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 $80,000 based on 19 salaries. A …Read more
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 …Read more
- 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.