How Much Do Financial Engineers Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary financial engineers make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for financial engineers and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of financial engineers are offering as compensation.
Keep reading to learn more about how much financial engineers can expect to make in the United States.
At a Glance: Salary & Jobs for Financial Engineers
According to data from 2022, there were about 137,008 positions for financial engineers in the United States. In terms of salary, the national median salary for financial engineers was reported to be $73,798. Additionally, when examining job demand, employers across the country posted 12,324 job postings related to positions for financial engineers.
How Much Money Do Financial Engineers Make?
Median salary is just one data point. To build a better understanding of how much money financial engineers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for financial engineers.
Annual Salary for Financial Engineers
According to the BLS, the lowest earners for financial engineers and related professions earned about $38,334 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $133,078 annually.
As mentioned previously, the median salary for financial engineers in the United States in 2022 was $73,798.
Annual Salary Range For Financial Engineers In 2022
Hourly Salary for Financial Engineers
The BLS also breaks down compensation for financial engineers by hourly salary, and the median average hourly pay for financial engineers in 2022 was $35. Lowest hourly earners took home $18 while the highest reported hourly salaries for financial engineers was $64.
Hourly Salary Range For Financial Engineers In 2022
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Advertised Compensation for Financial Engineers
Data from the BLS is one way to dig into compensation for financial engineers, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for financial engineers.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Financial Engineers
Advertised Annual Salary
During a review of 16,200 job postings related to financial engineers, advertised salary was included in 4,121 of them, which was 25%. Based on those postings, the median advertised salary for financial engineers was $89,984 per year.
Hourly Salary from Job Postings for Financial Engineers
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for financial engineers. Based on 33% of postings with advertised compensation, the median hourly salary for open positions for financial engineers in the United States is about $43.
Salary Trend for Financial Engineers
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for financial engineers. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for financial engineers dating back to September 2019, advertised salaries for financial engineers have increased 76%.
Advertised Wage Trend For Financial Engineers
What's the Job Growth for Financial Engineers?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for financial engineers over the next 10 years.
According to the data obtained through Lightcast,™ there were 137,133 jobs for financial engineers in the United States in 2022. By 2032, it is expected that about 15,764 jobs will be added. That's a 11.5% increase over the next 10-year period.
Employment Projections For Financial Engineers
Additional Links
Ready to dig deeper into career information about financial engineers? Visit our other pages focused on salary and education for financial engineers.
What do financial engineers do?
Financial Engineers: How do you become one?
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