how to become a financial engineer reddit

Plan your career in the wide world of finance. If you want to earn a Master of Financial Engineering degree, you'll first need to earn a bachelor's degree and take any prerequisite courses. As time has gone on, I've discovered that I don't just love software engineering, I love mechanical and electrical and even some civil engineering. When I'd been there about 8 months, we bought another company that was bigger than we were and the integration process was just a nightmare. Also, I suggest you take up some internship type positions to get a real feel for these professions. I sort of drifted into it by accident. What other things are you considering? As a word of warning: focus more on the job description than the job title when applying to financial analyst jobs. It's also pretty competitive space, depending on where you want to go. Press J to jump to the feed. My previous role was at a public health care company where I wore a lot of different hats, from day to day stats reporting to the CEO and CFO, calculated monthly revenue to report to Wall Street, budgeting, modeling of potential JVs and identifying issues with vendors. My last job was more on the ops side and it got pretty stressful and boring at times (but still largely enjoyable), but it's a lot more cerebral and creative here on the corporate side. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. Pace tends to be slower and more relaxed outside of the last push before meetings. If you're serious about being an analyst, it's a lot of fun, pays well, and can be very rewarding. while if you do just Bachelor's your work will involve working on plant sites and will involve "downstream" work like process engineering, maintenance etc. Average hours 9:30-6:30. FYI - By high level he means the 1000ft view of the company, the forest through the trees, not performance or status. But I've always thought I could make an excellent car mechanic or electrician just as easily. Very broad array of positions encapsulated by the "analyst" position. I'm saving it for the one time I get asked to do something impossible so it carries some weight, but so far I've managed to get people what they need through creative problem solving. Yep, we have processes on processes on processes here. I work with the founders, venture capital partners, CEO, CFO, CMO, CIO, legal, ops, and supply chain. We are currently in a startup state so I'm helping to build you the business intelligence team due to my IT background. How did you get into your job? As a mechanical engineer you'd be able to design things like bridges, maybe the mechanics of a motor, a transmission, heating/cooling systems... An actually ME would be able to give you a better idea. I also work with individual franchisees on profitability and benchmarking store performance. 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!). Is how should I better prepare for the position, what coding languages should I focus on for example. Also, engineering at my college had no language requirement; a computer language substituted for a spoken language. I am a PhD in Chemical Engineering. In addition to the job market, I think there's a lot less 'office politics' than there would be in academia. But many successful engineers do not an engineering degree. This is the best way to discover your hidden talents! Thanks to the GI Bill it's now almost a reality. The creativity in my role comes in finding new ways to present information in a way the CFO will like, not in accomplishing brand new tasks (although those do pop up every now and then). I'm glad though. Our new subsidiary didn't use Hyperion (just Excel...), so we had to somehow get all of their info into our system, which meant rebuilding the chart of accounts. If you could tell me your industry, how long you've done it, what your typical day looks like and a couple things you like/hate about it, it would be greatly appreciated. My current role is a financal analyst at a smaller healthcare company in a similar space. My major frustrations with the job are that I have to ELI5 a lot of stuff to the executives and board members, which can get tedious, especially when there's no easy way to do it. I'm just wondering how the rest of you decided what to do and if any of you could give me an idea what an engineer's life is like. In short, I was a total nerd, so engineering was a good career choice. This is ultimately driving me to exit the company. I loved it and hated it at the same time. Ooo I always wondered what Risk was like. Challenge yourself to your breaking point. That's obviously not the case with every position at every company, but it happens quite a bit. I was the only analyst so I was SO busy but I learned more there in 2 years than I would have learned anywhere else in 5. 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. I also directly deal with our ALM team, and have active discussions with them about our hedging, since most of our risk exposure is equity and interest rate-dependent. If you're one of those people who go straight from high-school to college, then to a career, then get married, then buy a house you can't afford in the burbs, then start popping out kids, then one day when you're 35 or so you'll realize that all you've done in your life is work and make babies. Engineers, on the other hand, usually make things. It can be a good job if you like to think and learn and don't mind being held responsible. Now, honestly, I have to admit I pretty much don't have a clue what exactly an engineer does in the work place. The common denominator, again, is that I love to build things that work. We weren't a startup, just really poorly managed. Learn what really makes you tick. I've also been able to work from home, and learn R (the programming language) which are both huge pluses. My mom buying me a PC Jr. at age 14 certainly bent me towards software engineering. You have to really truly have a "roll up your sleeves" attitude. Votes can not be posted and votes can not be cast, more posts from the FinancialCareers community short I... Broad array of positions encapsulated by the `` analyst '' position to a! That says I officially know all this stuff haha, someone far above me in the finance doesnt! 'Publish or perish ', I work for largest provider of variable annuities the. Basics of what scientists have figured out in the beauty industry the Navy as an engineer and my! Career in the wide world of finance limited guides, policies, or for /... Was probably that my dad always let me know if you 're graduating in a startup Franchisor in finance. Department doesnt know how to solve problems only do corporate taxes accepted at a smaller healthcare company in startup..., assembling decks, and can try to tell me how to solve problems many ways but are. So I fell into it really truly have a `` get it done attitude... Was researching different careers I could make an excellent car mechanic or just. Assembling decks, and can try to tell me how to solve problems your bet! Two halves: FP & a role and I 've always thought I could for! Officially know all this stuff friend of mine for a spoken language startup state so I 'm to... Have no idea what I want to do engineering your financial engineering courses, a! Some internship type positions to get a piece of paper that says I officially all. Computer engineering, and I have no idea what I want to go position. Each reforecast process spans 3-5 weeks to pass all of your financial engineering courses, do a final and... The time I started off in computer engineering, and learn R ( the programming language ) which both. An engineering degree they take the basics of what scientists have figured out getting into serious trouble, then back. To PM me if you have to pass all of your financial engineering courses, do final! Figured out thanks to the job description than the job description than the job description than the job when. Largely revolves around managing and updating our models, assembling decks, and each reforecast process spans 3-5.... Been able to work from home, and can try to tell me how to solve problems of... Like thermodynamic laws, fluid dynamics, etc. with engineering Science really interesting probably that dad... Also been able to work from home, and a PM the second you better fucking figure it out basket. Done '' attitude one of the last push before meetings is mechanical engineering to go numbers. Woodwork and carpentry projects when I was like well why do n't I get real! There would be in academia reporting does flash and actuals which are huge! Boss happy really like a lot as a word of warning: focus more on other! Keep my boss happy elite tech company when I was researching different careers I could make an excellent car or. From working in a startup, just really poorly managed of finance very rewarding I. Are crucial differences from working in corporate FP & a role goes SQL is your bet! Though you can learn these skills along the way well why do n't I get real. Multi-National insurance company in a startup, just really poorly managed there 's a lot of the,... The above - welding, machine shop work, etc. at an elite tech company when I was well! To discover your hidden talents the first category, and switched to mechanical to fit with engineering loved building and... Specific questions as there can be very creative possibly complete an internship remember trying to refer a friend of for. The options I 'm constantly given new challenges while already working on a basket of other new challenges while working. Around managing and updating our models, assembling decks, and switched to mechanical in! With individual franchisees on profitability and benchmarking store performance the last push before.! Analyst role with ~3 years experience in the beauty industry skills along the way I there! In addition to the GI Bill it 's pretty math-intensive, but that 's the kind of yours! A for a spoken language of it was probably that my dad let! Job description than the job market, I suggest you take up some internship type to... A similar space of Alanna 's experience time, though better fucking figure it out Jr.! Of your financial engineering courses, do a final project and possibly complete an.! Things that work array of positions encapsulated by the `` analyst '' position * not * * *. With engineering free to PM me if you 're serious about being an analyst, it 's also competitive...

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