Home > Salary > South Africa > 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: 254,871 ZAR
Estimated Monthly Salary: 21,239 ZAR
Estimated Weekly Salary: 4,901 ZAR per week
Estimated Hourly Salary: 123 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 20,447 ZAR
Estimated Weekly Salary: 4,718 ZAR per week
Estimated Hourly Salary: 118 ZAR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 12,675 USD
Estimated Monthly Salary: 1,056 USD
Estimated Weekly Salary: 244 USD per week
Estimated Hourly Salary: 6 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: 254,871 ZAR
Estimated Monthly Salary: 21,239 ZAR
Estimated Weekly Salary: 4,901 ZAR per week
Estimated Hourly Salary: 123 ZAR per hour
By working as Financial Engineer a person can save up to 785 USD per month or 9,421 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 South Africa, see costs of living in South Africa.
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 South Africa
Average Yearly Salary of Financial Engineer in South Africa is approximately 254,871 ZAR (12,675 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: 254,871 ZAR
Estimated Monthly Salary: 21,239 ZAR
Estimated Weekly Salary: 4,901 ZAR per week
Estimated Hourly Salary: 123 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 245,360 ZAREstimated Monthly Salary: 20,447 ZAR
Estimated Weekly Salary: 4,718 ZAR per week
Estimated Hourly Salary: 118 ZAR per hour
Last revision of data: 2024-01-06Financial Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 12,675 USD
Estimated Monthly Salary: 1,056 USD
Estimated Weekly Salary: 244 USD per week
Estimated Hourly Salary: 6 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
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Financial Engineer job salary compared to average salary in South Africa.
Comparison shows that a person working as Financial Engineer in South Africa earns on average:
2.01 times the average salary (or 201% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Financial Engineer job salary compared to average salary in South Africa.
Comparison shows that a person working as Financial Engineer in South Africa earns on average:
2.01 times the average salary (or 201% 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 280,358 ZAR and 369,563 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Engineer in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 254,871 ZAR
Estimated Monthly Salary: 21,239 ZAR
Estimated Weekly Salary: 4,901 ZAR per week
Estimated Hourly Salary: 123 ZAR per hour
By working as Financial Engineer a person can save up to 785 USD per month or 9,421 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. 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
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 South Africa
(1,412,867 ZAR per year, pre-tax.)
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(1,073,792 ZAR per year, pre-tax.)
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9. Oncologist
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10. Urologist
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Data as of 2025Random salary:
User acceptance testing (uat), supervisor (185,420 ZAR per year, pre-tax.)
Pediatrician (408,804 ZAR per year, pre-tax.)
Data center specialist (130,060 ZAR per year, pre-tax.)
Payroll accountant (126,956 ZAR per year, pre-tax.)
Sr. marketing specialist (175,880 ZAR per year, pre-tax.)
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