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The differences between finance engineers and 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 an engineer. Additionally, a finance engineer has an average salary of $102,921, which is higher than the $92,077 average annual salary of an engineer.
The top three skills for a finance engineer include python, java and risk management. The most important skills for an engineer are python, cloud, and C++.
| Finance Engineer | Engineer | |
| Yearly salary | $102,921 | $92,077 |
| Hourly rate | $49.48 | $44.27 |
| Growth rate | 9% | 2% |
| Number of jobs | 70,818 | 618,207 |
| Job satisfaction | - | 4.33 |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 65% |
| 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.
Engineers are highly trained professionals who determine the feasibility of various projects, usually related to the construction industry. They are considered experts in mathematics and science, two disciplines that they need to use in designing and coming up with plans for projects. They should also be well-versed in different construction or industrial materials, and they ensure that appropriate materials are used for the project. They also ensure that the projects meet the requirements of the groups that hired them. They create spaces that would both address the needs of the end-users and the industry standards. They also ensure that the projects they make would stand the test of time.
Finance engineers and engineers have different pay scales, as shown below.
| Finance Engineer | Engineer | |
| Average salary | $102,921 | $92,077 |
| Salary range | Between $71,000 And $148,000 | Between $65,000 And $130,000 |
| Highest paying City | Greenwich, CT | Huntsville, AL |
| Highest paying state | Nevada | New Hampshire |
| Best paying company | The Citadel | Fort Bend County |
| Best paying industry | Finance | Automotive |
There are a few differences between a finance engineer and an engineer in terms of educational background:
| Finance Engineer | Engineer | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 65% |
| Most common major | Finance | Mechanical Engineering |
| Most common college | Massachusetts Institute of Technology | Michigan Technological University |
Here are the differences between finance engineers' and engineers' demographics:
| Finance Engineer | Engineer | |
| Average age | 43 | 41 |
| Gender ratio | Male, 75.9% Female, 24.1% | Male, 86.3% Female, 13.7% |
| 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, 3.3% Unknown, 4.6% Hispanic or Latino, 9.1% Asian, 15.0% White, 67.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 4% | 5% |