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The differences between finance engineers and development engineers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a finance engineer and a development engineer. Additionally, a finance engineer has an average salary of $102,921, which is higher than the $93,206 average annual salary of a development engineer.
The top three skills for a finance engineer include python, java and risk management. The most important skills for a development engineer are java, python, and software development.
| Finance Engineer | Development Engineer | |
| Yearly salary | $102,921 | $93,206 |
| Hourly rate | $49.48 | $44.81 |
| Growth rate | 9% | 2% |
| Number of jobs | 70,818 | 224,881 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 72% |
| Average age | 43 | 41 |
| Years of experience | 6 | 6 |
Basically, a finance or financial engineer tests and issues investment analysis methods and tools in an organization. Finance engineers collaborate with asset management firms, insurance companies, banks, and hedge funds. They predict the performance of stocks and other financial tools to help improve the financial operation and management. Computer science and math are the subject matters they utilize in building stock market trends. They play a key role in risk management and investment strategizing.
A Development Engineer is responsible for the development and validation of products, systems, and components. They are also responsible for quality control of work and continuous improvement of engineer activities.
Finance engineers and development engineers have different pay scales, as shown below.
| Finance Engineer | Development Engineer | |
| Average salary | $102,921 | $93,206 |
| Salary range | Between $71,000 And $148,000 | Between $70,000 And $122,000 |
| Highest paying City | Greenwich, CT | San Francisco, CA |
| Highest paying state | Nevada | Washington |
| Best paying company | The Citadel | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a finance engineer and a development engineer in terms of educational background:
| Finance Engineer | Development Engineer | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 72% |
| Most common major | Finance | Mechanical Engineering |
| Most common college | Massachusetts Institute of Technology | Michigan Technological University |
Here are the differences between finance engineers' and development engineers' demographics:
| Finance Engineer | Development Engineer | |
| Average age | 43 | 41 |
| Gender ratio | Male, 75.9% Female, 24.1% | Male, 85.5% Female, 14.5% |
| Race ratio | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% | Black or African American, 3.1% Unknown, 4.5% Hispanic or Latino, 7.8% Asian, 16.7% White, 67.8% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 4% | 5% |