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Financial Engineering Jobs in Michigan (NOW HIRING)

ROUSH

Engineering Manager

Livonia, MI · On-site

Manages staff and assigns tasks to engineering and technical personnel in alignment to business and financial objectives. * Ensure that processes and programs are standard and effective to meet ...

Whirlpool

Design Financial Analyst

Benton Harbor, MI · On-site

Bachelor's degree in Business, Finance or Engineering * 2+ years of experience as a financial planner, data analyst, operations analyst or project manager * 2+ years of experience utilizing data ...

Squirl Financial

Software Engineer

Detroit, MI

... passion for financial markets and technology, the early roots of Squirl started out as an ... Close familiarity with software engineering tools, software development methodology and release ...

CrossFire Group

Senior Financial Analyst

Shelby, MI · On-site

$75K - $94K/yr

Senior Financial Analyst Location: Shelby Township, MI Schedule: Monday-Friday | 8:00 AM - 5:00 PM ... Collaborate with engineering, procurement, and operations teams to ensure cost models accurately ...

Magna

Engineering Team Assistant

Novi, MI · On-site

Support financial and administrative processes, including: * Project hours tracking and reporting (weekly/monthly) * Budget planning (BP) preparation support * Engineering project budget tracking

Magna

Engineering Team Assistant

Novi, MI · On-site

Support financial and administrative processes, including: * Project hours tracking and reporting (weekly/monthly) * Budget planning (BP) preparation support * Engineering project budget tracking

Magna Services

Engineering Team Assistant

Novi, MI

Support financial and administrative processes, including: * Project hours tracking and reporting (weekly/monthly) * Budget planning (BP) preparation support * Engineering project budget tracking

NETFORM Shelby

Senior Financial Analyst

Shelby Township, MI · On-site

$80K - $100K/yr

Collaborate with engineering and procurement to incorporate design changes, BOM revisions, and ... Prepare and update financial models for scenario planning, sensitivity analysis, and what-if ...

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All JobsFinancial Engineering JobsFinancial Engineering Jobs in Michigan

Financial Engineering information

See Michigan salary details

$66.2K

$96.6K

$118.5K

How much do financial engineering jobs pay per year?

As of Jun 14, 2026, the average yearly pay for financial engineering in Michigan is $96,583.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $108,500.00 per year, depending on experience, location, and employer.

What happens if I default on my loans?

In financial engineering roles, defaulting on loans can lead to legal actions, damage to credit scores, and potential seizure of assets. Professionals in this field often analyze risk and develop strategies to mitigate such outcomes, emphasizing the importance of understanding loan agreements and repayment obligations.

What happens if I don't repay loans?

In financial engineering roles, failing to repay loans can lead to default, which may result in damage to credit scores, legal actions, and increased debt due to interest and penalties. It is essential to understand loan agreements and repayment obligations to avoid financial and professional consequences.

What is the difference between Financial Engineering vs Quantitative Analyst?

AspectFinancial EngineeringQuantitative Analyst
Required CredentialsDegree in Financial Engineering, Mathematics, or related fields; often certifications like CQFDegree in Finance, Mathematics, or Statistics; certifications like CFA or CQF are common
Work EnvironmentFinancial institutions, hedge funds, investment banks; focus on product development and risk managementTrading desks, asset management firms; focus on data analysis and model development
Employer & Industry UsageUsed in risk management, derivatives pricing, and structured productsUsed in trading strategies, portfolio management, and risk assessment

Financial Engineering and Quantitative Analysts often share similar educational backgrounds and work in related financial sectors. While Financial Engineers focus on creating financial products and managing risks through complex models, Quantitative Analysts primarily analyze data to inform trading and investment decisions. Both roles require strong quantitative skills and often overlap in financial institutions.

What is financial engineering?

Financial engineering is the application of mathematical techniques, computer science, and statistical methods to solve problems and create innovative solutions in finance. Professionals in this field develop new financial products, manage risk, and optimize investment strategies using quantitative models. Financial engineers often work in banks, investment firms, hedge funds, or financial technology companies, helping organizations manage complex financial systems and products. The discipline combines finance, mathematics, statistics, and programming to address challenges in areas like derivatives pricing, risk management, and portfolio optimization.

What are the key skills and qualifications needed to thrive as a Financial Engineer, and why are they important?

To thrive as a Financial Engineer, you need a strong background in quantitative analysis, mathematics, programming, and finance, typically supported by a relevant degree such as financial engineering, mathematics, or computer science. Expertise in programming languages like Python, R, or C++, as well as familiarity with financial modeling software and risk management systems, is essential. Strong problem-solving, analytical thinking, and communication skills set top performers apart in this role. These skills are crucial for designing innovative financial products, managing complex risks, and translating quantitative insights into actionable business strategies.

What are some common challenges faced by financial engineers when implementing quantitative models in real-world financial institutions?

Financial engineers often encounter challenges such as aligning complex quantitative models with existing IT infrastructure and ensuring the models comply with regulatory requirements. Additionally, translating theoretical models into practical, scalable solutions that can handle large volumes of real-time data requires close collaboration with software developers and risk managers. Effective communication with non-technical stakeholders is also crucial, as financial engineers must explain model assumptions and results to decision-makers from diverse backgrounds.

What is the average student loan debt?

For those pursuing a career in financial engineering, the average student loan debt varies depending on the level of education and institution, but it generally ranges from $30,000 to $50,000 for a master's degree. Many students finance their education through loans, which can impact their financial planning and career choices. Managing debt effectively is important for early career professionals in this field, especially as they develop skills in quantitative analysis and financial modeling.

What do you mean by financial?

In the context of financial engineering, the term 'financial' relates to the management, analysis, and modeling of financial assets, markets, and instruments. It involves applying mathematical techniques, programming skills, and financial theories to develop solutions for risk management, pricing, and investment strategies.
What are the most commonly searched types of Financial Engineering jobs in Michigan? The most popular types of Financial Engineering jobs in Michigan are:
What are popular job titles related to Financial Engineering jobs in Michigan? For Financial Engineering jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Financial Engineering jobs in Michigan look for? The top searched job categories for Financial Engineering jobs in Michigan are:
What cities in Michigan are hiring for Financial Engineering jobs? Cities in Michigan with the most Financial Engineering job openings:
Financial Engineering jobs near you
Applications Engineer

Applications Engineer

Venteon

Rochester Hills, MI • On-site

$110K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 8 days ago

Job description

Job Description
Applications Engineer
Minimum 5 Years experience in Application Engineering
Venteon is currently seeking an experienced Applications Engineer to fill an opening with a manufacturing company located in the Metro Detroit area. The ideal candidates should have experience dealing with internal as well as customer teams. Background in fluid systems is ideal.
Requirements of the Applications Engineer
  • Bachelor s degree in Mechanical Engineering or a related field
  • 5-10yrs of experience in fluid system processing and equipment
  • Experience with HVAC systems and fuel systems
  • Automotive Industry Experience
  • CAD skills
  • Proficient in Microsoft Word, Excel, Outlook.
  • Effective time management, organization and multi-tasking skills.

Benefits of the Applications Engineer
  • Competitive salary
  • Advancement potential
  • Full time
  • Paid time off
  • Medical / Dental / Vision
  • 401k

Responsibilities of the Applications Engineer
  • Ability to organize and take the lead on the Application Engineering of products and
    programs in order to meet company goals and objectives.
  • Serve customers by identifying their needs; engineering adaptations of products, and
    services.
  • Technical interface with customer to develop production feasible solutions for various
    tubing/fluid systems applications
  • Technical interfaces with design, manufacturing plants, testing, sales, program
    management, purchasing and suppliers
  • Development and implementation of creative cost-effective solutions to technical,
    performance, quality and durability problems discovered during development of new
    products
  • Advanced Product Quality Planning (APQP) & Product Launch of new assemblies.
  • New product design reviews
  • Development of process flows
  • DFMEA & PFMEA
  • Bill of Material generation

If you are a high performer and would like to work for an equally high performing company and you think the above opportunity is appropriate for you, we invite you to submit your resume in Microsoft Word format to bray@venteon.com
We treat all resumes with strict confidentiality. We will always contact you first before submitting your resume to our client(s) for review. If you do not receive correspondence, you are not a fit for this position
At Venteon our talent acquisition team is proud to provide our clients with the most qualified Accounting & Finance, Engineering, IT and Administrative talent in the industry today.

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