Financial engineers need to have a thorough knowledge of financial markets and also about the volatility of the markets. I'm currently learning HTML just to familiarize myself with coding. Edit: Another question I have now that this post is gaining traction. Feel free to PM me if you have any questions I can answer. As a word of warning: focus more on the job description than the job title when applying to financial analyst jobs. In addition to the job market, I think there's a lot less 'office politics' than there would be in academia. If you're serious about being an analyst, it's a lot of fun, pays well, and can be very rewarding. You have to be excellent with data mining and manipulation (excel), a good relationship builder, and basically attempt to be the 2nd best at every department segment so you can bring everything back together to effectively communicate business insights to leadership. We've gone from no forecasting to monthly reports, risk analysis, sensitivity analysis, and I've built a database of the last 20 years of data and even done some M&A work. We weren't a startup, just really poorly managed. PS: Don't knock any girls up in the process. I'm a senior financial analyst working in corporate FP&A for a F500 that operates in a few very diverse spaces. I agree wit erydo; engineering can be very creative. Press J to jump to the feed. Their budget was so bad we started reforecasting monthly versus quarterly just to figure out what the hell was going on, and they had a huge issue with coding so I'd routinely submit 50,000+ reclasses to accounting each month. Chemical engineering and mechanical are different in many ways but there are similarities also. My overarching team is broken up into two halves: FP&A and management reporting. In my last role, I was the only analyst, so I ran the flash, reforecasts, ad-hoc reports, all presentations, reclasses for month-end close, and a large part of the budget with high level input from my directors. We are currently in a startup state so I'm helping to build you the business intelligence team due to my IT background. I've been here a little over a year; previously I was an internal at a small RIA asset management firm who specialized in quant algo strategies. This is ultimately driving me to exit the company. Do let me know if you have specific questions as there can be a lot more I can tell you. I agree wit erydo; engineering can be very creative. In high school I was researching different careers I could study for in college and most of my interests seemed to fit with engineering. But many successful engineers do not an engineering degree. I've always enjoyed making things work, and creating things that work. r/engineering is a forum for engineering professionals to share information, knowledge, experience related to the principles & practices of the numerous engineering disciplines. If you're graduating in a few months, have you already been accepted at a college? Thanks to the GI Bill it's now almost a reality. Also, I suggest you take up some internship type positions to get a real feel for these professions. Cookies help us deliver our Services. This is my second FP&A role and I've been in my field for 3.5 years. I'm 8 months into an "analyst" role at an older company that recently is experiencing extreme growth and I've never said "I can't". Did you learn SQL prior to getting hired? One of the options I'm considering is mechanical engineering. My old job was kind of like yours, though, in regards to a roll up your sleeves attitude. Start ups are an extremely great place to cut your teeth, in my opinion, because you get huge exposure to anything and everything (like it or not!). One struggle is that management also has a "get it done" attitude and can try to tell me how to solve problems. What is your educational background? Financial Engineer Required Skills Since I work in a corporate capacity and most of the tedious tasks are handled at the ops/divisional level (this is pretty normal for most large companies) we do more high level projects than reconciliation or reclasses. A good deal of the reports that I produce are monitoring and providing commentary around risk metrics like Risk-based capital, AG43, Reserves, C3P2, Economic capital, etc. In the online job finder, there were over 1400 active openings for engineers, and less than 90 for PMs (he didn't get an interview, even with my referral). But you definitely should be into math & physics. Immense self-imposed pressure on if you don't know something, you better fucking figure it out! Current in my second financial analyst role with ~3 years experience in the field. I remember trying to refer a friend of mine for a PM position at an elite tech company when I was working there.