Top Jobs Financial Engineering

According to the International Association of Financial Engineers (IAFE), financial engineering is a diverse field that can draw on tools from applied mathematics, computer science, statistics, and economic theory. With such a broad range of tools to choose from, there is also a huge variety of careers and fields that financial engineers can work in.

Job titles can include financial engineer, financial consultant, quantitative analyst, financial modeling analyst, tech consultant, and quantitative research associate. Demand is high for candidates with knowledge of financial theory, methods, and mathematics.

Other jobs include financial software engineer, business analyst, collateral valuation and risk modeler, trade analyst, strategy manager, and capital manager. While jobs can be demanding and stakes are high, financial engineers also earn a great income. According to PayScale, they earn between $50k to over $130k per year.

But top jobs also require top education. Skilled financial engineers often have doctorates in computer science or math, although more and more are now opting for specialized master’s degrees such as Master of Financial Engineering or Master of Quantitative Finance.

While financial engineering is usually utilized in the securities and banking industries, it’s also used by qualitative analysts and consulting firms. Manufacturing and service firms, corporate treasuries, corporate finance, and risk management roles also employ financial engineers.