Home > Salary > Iraq > Financial Engineer
A financial engineer is a professional who applies mathematical and statistical models to analyze and solve complex financial problems. They combine their knowledge of finance, mathematics, computer science, and statistics to develop innovative solutions for investment strategies, risk management, pricing of financial instruments, and portfolio optimization. Financial engineers work in various sectors such as investment banking, hedge funds, asset management firms, and insurance companies.
Their primary responsibilities include developing and implementing quantitative models, conducting data analysis, designing trading algorithms, and creating risk assessment tools. They also play a crucial role in developing new financial products and strategies, conducting market research, and providing insights to support investment decision-making.
Estimated Yearly Salary: 16,701,716 IQD
Estimated Monthly Salary: 1,391,810 IQD
Estimated Weekly Salary: 321,187 IQD per week
Estimated Hourly Salary: 8,030 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,340,716 IQD
Estimated Weekly Salary: 309,396 IQD per week
Estimated Hourly Salary: 7,735 IQD per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 11,278 USD
Estimated Monthly Salary: 940 USD
Estimated Weekly Salary: 217 USD per week
Estimated Hourly Salary: 5 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 16,701,716 IQD
Estimated Monthly Salary: 1,391,810 IQD
Estimated Weekly Salary: 321,187 IQD per week
Estimated Hourly Salary: 8,030 IQD per hour
By working as Financial Engineer a person can save up to 700 USD per month or 8,398 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iraq, see costs of living in Iraq.
Estimated Yearly Salary for Financial Engineer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Financial Engineer salary in Iraq
Average Yearly Salary of Financial Engineer in Iraq is approximately 16,701,716 IQD (11,278 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Financial Engineer do?
A financial engineer is a professional who applies mathematical and statistical models to analyze and solve complex financial problems. They combine their knowledge of finance, mathematics, computer science, and statistics to develop innovative solutions for investment strategies, risk management, pricing of financial instruments, and portfolio optimization. Financial engineers work in various sectors such as investment banking, hedge funds, asset management firms, and insurance companies.
Their primary responsibilities include developing and implementing quantitative models, conducting data analysis, designing trading algorithms, and creating risk assessment tools. They also play a crucial role in developing new financial products and strategies, conducting market research, and providing insights to support investment decision-making.
Skills: Financial engineering, Mathematical modeling, Risk management, Investment strategies, Portfolio optimization, Quantitative analysis
Job industry: Finance
Job industry: Finance
How much does Financial Engineer make?
Salary details
How much does Financial Engineer make?Estimated Yearly Salary: 16,701,716 IQD
Estimated Monthly Salary: 1,391,810 IQD
Estimated Weekly Salary: 321,187 IQD per week
Estimated Hourly Salary: 8,030 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 16,088,592 IQDEstimated Monthly Salary: 1,340,716 IQD
Estimated Weekly Salary: 309,396 IQD per week
Estimated Hourly Salary: 7,735 IQD per hour
Last revision of data: 2024-01-07Financial Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 11,278 USD
Estimated Monthly Salary: 940 USD
Estimated Weekly Salary: 217 USD per week
Estimated Hourly Salary: 5 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iraq, a nation in the Middle East, possesses vast oil reserves, fueling its economy and global energy trade. Key industries include oil and gas extraction, agriculture, and a burgeoning construction sector as the nation rebuilds its infrastructure. The rich historical and cultural heritage also draws tourists. However, Iraq faces challenges including political instability and security concerns. Despite these, the country exhibits economic potential and a resilient population, striving to rebuild and diversify its economy beyond oil and embrace a future of growth and stability.
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Financial Engineer job salary compared to average salary in Iraq.
Comparison shows that a person working as Financial Engineer in Iraq earns on average:
2.05 times the average salary (or 205% of average salary).
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Financial Engineer job salary compared to average salary in Iraq.
Comparison shows that a person working as Financial Engineer in Iraq earns on average:
2.05 times the average salary (or 205% of average salary).
Is Financial Engineer a well paid job?
Yes, our data show that Financial Engineer is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Financial Engineer?
High salary for Financial Engineer would be somewhere between 18,371,888 IQD and 24,217,488 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Engineer in Iraq?
Living in Iraq the approximate monthly expenses are: 240 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 16,701,716 IQD
Estimated Monthly Salary: 1,391,810 IQD
Estimated Weekly Salary: 321,187 IQD per week
Estimated Hourly Salary: 8,030 IQD per hour
By working as Financial Engineer a person can save up to 700 USD per month or 8,398 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iraq, see costs of living in Iraq.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Iran, Jordan, Kuwait, Saudi Arabia, Syria, Turkey. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Financial Engineer
Iran is 14,771 USD
Jordan is 17,780 USD
Kuwait is 25,073 USD
Saudi Arabia is 51,564 USD
Syria is 6,894 USD
Turkey is 19,770 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Iraq
(93,035,848 IQD per year, pre-tax.)
2. Cardiologist
(77,420,383 IQD per year, pre-tax.)
(74,436,118 IQD per year, pre-tax.)
4. Neurosurgeon
(72,585,795 IQD per year, pre-tax.)
(72,416,543 IQD per year, pre-tax.)
(70,778,229 IQD per year, pre-tax.)
(70,769,927 IQD per year, pre-tax.)
(70,594,393 IQD per year, pre-tax.)
9. Urologist
(70,443,660 IQD per year, pre-tax.)
10. Oncologist
(70,429,777 IQD per year, pre-tax.)
Data as of 2025Random salary:
Boiler technician (8,712,660 IQD per year, pre-tax.)
Train engineer (7,859,092 IQD per year, pre-tax.)
Noc analyst (7,329,724 IQD per year, pre-tax.)
Labor nurse (7,354,380 IQD per year, pre-tax.)
Urgent care clinic manager (5,385,600 IQD per year, pre-tax.)
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