Masters in Financial Engineering

Financial Analyst

Financial analyst is one of the most sought after job profiles in the financial services industry. This sector is competitive, and it can be tough to break into this field. But a degree of masters in financial engineering can help you a lot in this regard. Financial analysts examine financial data and use their findings to help companies make financial decisions. They also often recommend a course of action such as to buy or sell a company’s stock based upon its overall performance and outlook.

According to U.S. Bureau of Labor Statistics, employment of financial analysts is projected to grow by 11 percent from 2016 to 2026 which is faster than the average for all occupations.

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Quantitative Analyst

A quantitative analyst is a professional who specializes in the application of mathematical and statistical methods to solve financial and risk management problems. They use quantitative methods to help companies make business and financial decisions. Quantitative analysts work across many industries but they are disproportionately concentrated in large banking and investment centers.

The U.S. Bureau of Labor Statistics puts quantitative analysis under the broader umbrella of financial analysis. As stated before, employment in the sector of financial analysis is expected to grow by 11 percent between 2016 to 2026.

Quantitative Developer

Quantitative developers are professionals who hold specialization in the area of computing. They tend to be highly specialized language technicians who act as a bridge between software developers and quantitative analysts. Finance industry is dependent on trading software which will never see the light of day without professionals who are skilled in both the fields of computers and quantitative finance.

As per the data given on payscale.com, a quantitative developer on average earns around 98,000 USD per annum.

Business Intelligence Analyst

Business intelligence analysts are professionals who use data to figure out market and business trends for companies to increase their profits and efficiency. Business intelligence analysts gather this data through a number of ways like  mining a company’s computer data through software and looking at competitor’s data and industry trends to help develop a picture of where the company stands in the industry. They spend most of their time analyzing data on past trends, present conditions etc.

U.S. Bureau of Labor Statistics  includes the  job of business intelligence analyst in the broad category of management analysts. According to BLS, employment of management analysts is projected to grow 14 percent from 2016 to 2026 which is faster than the average for all occupations.

Portfolio Analysts

Portfolio can be defined simply as a range of investments held by a person or organization. Managing these investments is a task in itself and requires professional specialists called Portfolio Analysts.They help companies and individuals buy or sell investments. Portfolio analysis is a very involved and comprehensive job that requires a strong financial background through past experience and education. Degree of masters in financial engineering provides an edge to candidates who want to break into this competitive field of work as a bachelor's degree is very common nowadays.

Job Prospects

Financial engineering is a relatively new and emerging field of profession which promises  rapid growth. Financial organizations are actively looking for high-level analysts who are comfortable with using statistics and quantitative analysis to solve economic problems. According to the various reports of BLS, financial engineering has a  positive outlook with faster than average employment growth rate. Companies that recruit financial engineers include Goldman Sachs, Moody’s, Fitch ratings, Standards & Poor’s, etc.