Home > Salary > Israel > 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: 409,889 ILS
Estimated Monthly Salary: 34,157 ILS
Estimated Weekly Salary: 7,882 ILS per week
Estimated Hourly Salary: 197 ILS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 32,961 ILS
Estimated Weekly Salary: 7,606 ILS per week
Estimated Hourly Salary: 190 ILS per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 102,504 USD
Estimated Monthly Salary: 8,542 USD
Estimated Weekly Salary: 1,971 USD per week
Estimated Hourly Salary: 49 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: 409,889 ILS
Estimated Monthly Salary: 34,157 ILS
Estimated Weekly Salary: 7,882 ILS per week
Estimated Hourly Salary: 197 ILS per hour
By working as Financial Engineer a person can save up to 6,356 USD per month or 76,272 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 Israel, see costs of living in Israel.
Estimated Yearly Salary for Financial Engineer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Early intervention physical therapist (183,406 ILS per year, pre-tax.)
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Financial Engineer salary in Israel
Average Yearly Salary of Financial Engineer in Israel is approximately 409,889 ILS (102,504 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: 409,889 ILS
Estimated Monthly Salary: 34,157 ILS
Estimated Weekly Salary: 7,882 ILS per week
Estimated Hourly Salary: 197 ILS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 395,536 ILSEstimated Monthly Salary: 32,961 ILS
Estimated Weekly Salary: 7,606 ILS per week
Estimated Hourly Salary: 190 ILS per hour
Last revision of data: 2024-01-02Financial Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 102,504 USD
Estimated Monthly Salary: 8,542 USD
Estimated Weekly Salary: 1,971 USD per week
Estimated Hourly Salary: 49 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
Israel is a country located in the Middle East, bordered by Lebanon to the north, Syria to the northeast, Jordan to the east, and Egypt to the southwest. It has a diverse population of approximately 9 million people. The country covers an area of around 22,145 square kilometers (8,550 square miles). Israel is known for its rich history, cultural heritage, and religious significance.
Estimated national average yearly salary is 193,057 ILS (54,650 USD). Value indicated is pre-tax. Below graph shows estimated Financial Engineer job salary compared to average salary in Israel.
Comparison shows that a person working as Financial Engineer in Israel earns on average:
2.12 times the average salary (or 212% of average salary).
Estimated national average yearly salary is 193,057 ILS (54,650 USD). Value indicated is pre-tax. Below graph shows estimated Financial Engineer job salary compared to average salary in Israel.
Comparison shows that a person working as Financial Engineer in Israel earns on average:
2.12 times the average salary (or 212% 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 450,878 ILS and 594,339 ILS. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Engineer in Israel?
Living in Israel the approximate monthly expenses are: 2,186 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: 409,889 ILS
Estimated Monthly Salary: 34,157 ILS
Estimated Weekly Salary: 7,882 ILS per week
Estimated Hourly Salary: 197 ILS per hour
By working as Financial Engineer a person can save up to 6,356 USD per month or 76,272 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 Israel, see costs of living in Israel.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Lebanon, Syria, Jordan, Egypt. 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
Lebanon is 15,522 USD
Syria is 6,894 USD
Jordan is 17,780 USD
Egypt is 7,661 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 Israel
(2,288,508 ILS per year, pre-tax.)
2. Cardiologist
(1,903,781 ILS per year, pre-tax.)
(1,831,869 ILS per year, pre-tax.)
4. Neurosurgeon
(1,783,011 ILS per year, pre-tax.)
(1,778,623 ILS per year, pre-tax.)
(1,740,307 ILS per year, pre-tax.)
7. Urologist
(1,734,638 ILS per year, pre-tax.)
(1,730,943 ILS per year, pre-tax.)
9. Oncologist
(1,729,727 ILS per year, pre-tax.)
(1,729,273 ILS per year, pre-tax.)
Data as of 2025Random salary:
Early intervention physical therapist (183,406 ILS per year, pre-tax.)
Clinical research specialist (210,433 ILS per year, pre-tax.)
Occupation therapist assistant (167,173 ILS per year, pre-tax.)
Paraeducator (k-12) (135,865 ILS per year, pre-tax.)
Cytogenetic technologist (259,720 ILS per year, pre-tax.)
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