As of July 01, 2026, the average salary for a Financial Engineer III in the United States is $113,732 per year, which breaks down to an hourly rate of $55.
However, a Financial Engineer III's salary can vary significantly. Here’s a look at the typical salary range:
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A Financial Engineer III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Financial Engineer III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Engineer ... Level Financial Engineer III | $81,432 |
| Engineer ... Level Financial Engineer III | $94,171 |
| Financial... Level Financial Engineer III | $113,198 |
| Engineer ... Level Financial Engineer III | $143,263 |
| Engineer ... Level Financial Engineer III | $165,425 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Financial Engineer IIIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 6.08% |
| API | 2.09% |
| Java | 1.71% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
DevOps
|
$125,105 |
10%
|
|
JavaScript
|
$122,831 |
8%
|
|
Test Automation
|
$121,693 |
7%
|
|
AWS
|
$121,693 |
7%
|
|
Java
|
$120,556 |
6%
|
|
Team Development
|
$120,556 |
6%
|
For Financial Engineer III roles, the industry you choose can affect earning potential by as much as 75% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Aerospace & Defense sectors offer the strongest compensation, at 40% above the average. In contrast, Financial Engineer positions in Financial Services or Biotechnology typically offer lower base pay, as these industries often view Financial Engineer III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Energy & Utilities | $159,225 | $77.0 | 40% |
| Aerospace & Defense | $147,852 | $71.0 | 30% |
| Media | $138,753 | $67.0 | 22% |
| Healthcare | $136,478 | $66.0 | 20% |
| Retail & Wholesale | $131,929 | $63.0 | 16% |
Your level of education can impact your salary potential. While many Financial Engineer IIIs enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Financial Engineer III with a Bachelor's Degree is between $105,951 and $111,242).
Financial Engineer III Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.2% |
| High School | 2.6% |
| Associates | 3.5% |
| Bachelors | 36.5% |
| Masters | 41.6% |
| Doctorate | 15.5% |
Understanding how a Financial Engineer III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026Salaries for a Financial Engineer III can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $120,526 in 2023 to around $119,384 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Financial Engineer III salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $120,526 |
| 2024 | $120,687 |
| 2025 | $119,384 |
| 2026 |
View More
|
| 2027 |
View More
|
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