There are many different types of financial engineering careers, and they can be found in many different industries. These industries may include commercial and investment banks and government agencies. Financial engineering careers can also be found in academic or research fields. In addition, financial engineers can choose to work for one organization, or they can work as consultants for different organizations. The career options are many in the field of financial engineering.
The job duties of a financial engineer often include managing money and other capital for companies or organizations. This is done by trying to predict the behavior of the markets and making decisions based on those predictions. It may also include figuring out what to do if the markets fail and capital is lost.
Financial engineering careers may also involve trading stock and managing financial portfolios. Mathematics knowledge is necessary to be successful in any of the financial engineering careers, as strategies using mathematics are often employed when making decisions or predicting risk. Specific job titles for financial engineers who specialize in predicting risk may be a risk analyst or a risk manager.
Other types of financial engineering careers may be in the fields of information technology or computational finance. For example, a financial engineer in one of these fields may be responsible for creating financial software that can be used to predict performance in the markets. Financial engineers in the computational finance field may be known as quantitative developers or quantitative analysts.
Financial engineers may also work with different types of funds, such as pension funds or hedge funds. They may also work in the industry as financial regulators. A financial economist is another job title a financial engineer may acquire.
Sales is another area in which financial engineers may work. For example, they may sell the computer software products that predict risk and market behavior to companies or organizations. This requires a strong working knowledge of financial engineering and computer programming in order to sell the products effectively to their clients.
The securities industry is also a career option for financial engineers. This could include job titles such as derivatives trader or stockbroker. In the U.S., this could mean working at the New York Stock Exchange, for example. For people with strong mathematical and analytical skills, as well as computer programming or software knowledge, there are many different types of financial engineering careers to choose from in many different industries.