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$17

$31

$64

How much do parametric jobs pay per hour?

As of Jun 23, 2026, the average hourly pay for parametric in the United States is $31.27, according to ZipRecruiter salary data. Most workers in this role earn between $23.08 and $35.10 per hour, depending on experience, location, and employer.

What is the difference between Parametric vs Mechanical Drafter?

AspectParametricMechanical Drafter
Required CredentialsTechnical certifications, CAD trainingTechnical certifications, CAD training
Work EnvironmentDesign firms, manufacturing companiesEngineering firms, manufacturing companies
Industry UsageProduct design, engineering projectsMechanical design, drafting
Common Search/ComparisonYesYes

Parametric drafters focus on creating models using parametric design principles, emphasizing flexibility and automation. Mechanical drafters primarily produce detailed technical drawings for manufacturing. While both roles require CAD skills and similar credentials, parametric drafters often work more with 3D modeling software, whereas mechanical drafters focus on detailed 2D drawings. Understanding these differences helps job seekers identify the right career path in engineering and design fields.

What are the key skills and qualifications needed to thrive as a Parametric Insurance Specialist, and why are they important?

To excel as a Parametric Insurance Specialist, you need a solid understanding of insurance principles, data analytics, and risk modeling, typically supported by a degree in finance, mathematics, or actuarial science. Familiarity with industry-standard platforms like RMS, catastrophe modeling tools, and relevant certifications such as CPCU or ARe are advantageous. Strong analytical thinking, attention to detail, and effective communication skills help you interpret data and collaborate with clients and underwriters. These competencies ensure accurate product design, risk assessment, and clear client communication in this data-driven insurance sector.

Is Parametric a good company?

Parametric is a financial services firm known for quantitative investment strategies and risk management. The company's reputation depends on individual experiences and industry performance, and it typically requires strong analytical skills and proficiency with financial tools. Job seekers should research company reviews and industry standing for a comprehensive view.

Is Parametric a Morgan Stanley company?

Parametric is an independent investment management firm specializing in customized quantitative strategies and ESG investing. It is not a Morgan Stanley company but may collaborate with or serve clients of large financial institutions. Job roles at Parametric typically require strong analytical skills and proficiency with financial modeling tools.

What are parametric jobs?

Parametric jobs typically refer to roles that involve working with parametric models, which use parameters to define and manipulate complex data or systems. In fields like engineering, architecture, and finance, parametric jobs often involve using software to create dynamic models that can be easily adjusted by changing key parameters. These professionals may analyze data, optimize designs, or develop simulations to improve efficiency and outcomes. Parametric roles require strong analytical skills and familiarity with specialized tools or programming languages.

How much does a parametric investment analyst make?

A parametric investment analyst typically earns a salary ranging from $70,000 to $120,000 annually, depending on experience, location, and the firm. Compensation may also include bonuses and benefits, especially in financial services environments that value quantitative and analytical skills.

What are some common challenges faced by professionals working in parametric modeling roles, and how can they be addressed?

Professionals in parametric modeling roles often encounter challenges such as managing complex data sets, ensuring model accuracy, and adapting to evolving project requirements. Effective collaboration with engineers, architects, or designers is essential to align models with real-world constraints and objectives. Staying current with software updates and industry best practices can also help address technical hurdles. Proactive communication and continuous learning are key strategies for overcoming these challenges and delivering high-quality parametric solutions.

What is parametric under Morgan Stanley?

A parametric role at Morgan Stanley typically involves developing and managing quantitative models, algorithms, or financial products that rely on predefined parameters. These roles often require strong skills in mathematics, programming, and financial analysis, and may involve working with trading strategies, risk management, or structured products within the firm's investment or trading divisions.
More about Parametric jobs
What cities are hiring for Parametric jobs? Cities with the most Parametric job openings:
What states have the most Parametric jobs? States with the most job openings for Parametric jobs include:
Infographic showing various Parametric job openings in the United States as of June 2026, with employment types broken down into 48% Full Time, 50% Part Time, and 2% Contract. Highlights an 47% Physical, 3% Hybrid, and 50% Remote job distribution, with an average salary of $65,035 per year, or $31.3 per hour.
Lead Software Engineer - Parametric

Lead Software Engineer - Parametric

Morgan Stanley

Manhattan, NY • Hybrid

Other

This job post has expired today. Applications are no longer accepted.


Morgan Stanley rating

8.3

Company rating: 8.3 out of 10

Based on 147 frontline employees who took The Breakroom Quiz

39th of 138 rated financial services


Job description

ABOUT MORGAN STANLEY
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
ABOUT PARAMETRIC
Parametric is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. We partner with advisors, institutions, and consultants to build portfolios focused on what's important to them and their clients. A leader in custom solutions for more than 30 years, we help investors access efficient market exposures, solve implementation challenges, and design multi-asset portfolios that respond to their evolving needs. We also offer systematic alpha and alternative strategies to complement clients' core holdings.
This role is part of Parametric's hybrid working model, which includes working in the office 3 days a week and choosing to work remotely or in the office the remaining days of the week.
ABOUT THE TEAM
The Core Operations Platform is designed to build, integrate, and support a unified technology ecosystem that enables efficient, scalable, and controlled execution of Client and Market Operations processes.
It serves as the central backbone for operational workflows, consolidating fragmented systems into a single, orchestrated platform that improves data integrity, reduces manual effort, and enhances operational transparency. This aligns with the broader vision of moving from multi-system, manual processes to a unified, workflow-driven model,
As part of the Core Operations Platform, the Performance Reporting team at Parametric:

  • Designs and operates a highly resilient, scalable platform on AWS to deliver performance and reporting data across the firm. The calculation engine aggregates data from multiple sources and teams, computes performance metrics, and applies both technical and business validation before publishing to downstream consumers.
  • Applies software and data engineering best practices to aggregate and transform data using event-driven and Serverless AWS technology
  • Maintain and plan for migration of existing legacy applications to a modern technology platform.
ABOUT THE ROLE
The Lead Software Engineer is responsible for providing technical leadership, project management, process development, training, and support across the Core Operations Platform. At the heart of this role is ownership of the Performance Reporting engine - the system that calculates and delivers portfolio performance metrics across the firm. The Lead Engineer will also drive the modernization of legacy performance calculation systems onto scalable, event-driven, and AWS cloud-native architecture.
The Lead Engineer will partner with business analysts, operations stakeholders, and cross-functional technology teams to ensure the platform meets the accuracy, latency, and traceability standards required for client reporting, regulatory compliance, and investment decision support.
Primary Responsibilites
Technical Leadership
  • Architect and lead development of a high-throughput, event-driven performance calculation engine on AWS, processing large volumes of financial data with accuracy and auditability requirements
  • Drive the migration of the legacy performance reporting application stack onto a modern, cloud-native technology platform - defining migration strategy, sequencing, and risk mitigation
  • Design scalable distributed systems using Python, Apache Kafka, PySpark, and AWS services (Lambda, Batch, Glue, Athena, S3, DynamoDB)
  • Define and enforce data modeling standards, schema design, and data structure patterns appropriate for performance calculation use cases
  • Establish observability, alerting, and runbook standards to ensure system reliability and auditability
Delivery & Engineering Practice
  • Lead Agile-based delivery: sprint planning, backlog refinement, and iterative delivery cadences
  • Provide flexible, pragmatic solutions to complex business problems within firm technology standards and regulatory constraints
  • Author and review technical design documents, ADRs (Architecture Decision Records), and runbooks
  • Own and enforce code quality standards; conduct code and merge-request reviews
  • Build comprehensive test coverage: unit, integration, functional, and performance tests
  • Research and evaluate open-source technologies and cloud-native AWS services; drive adoption where justified
People & Stakeholder Leadership
  • Mentor and lead a global team of engineers; provide regular feedback, support career development, and foster an inclusive, high-performing engineering culture
  • Partner with business analysts and stakeholders to translate complex financial requirements into technical specifications
  • Collaborate cross-functionally with architecture, data platform, and infrastructure teams
  • Communicate technical trade-offs and roadmap recommendations clearly to senior leadership
JOB QUALIFICATIONS
  • 8+ years of hands-on Software Engineering experience
  • Bachelor's degree in computer science, or related field (advanced degree a plus)
  • Expert-level Python - including async patterns, performance optimization, and library ecosystem
  • 5+ years of cloud-native development on AWS (Lambda, Step Functions, Batch, S3, Athena, Glue)
  • Experience supervising and guiding software development teams and fostering an engaging, collaborative environment.
  • Demonstrated experience architecting highly available, distributed, event-driven systems
  • Hands-on experience with Apache Kafka or equivalent streaming/messaging platforms
  • Strong experience working with relational databases, SQL, and NoSQL data stores (e.g., DynamoDB)
  • Strong data modeling expertise - relational, columnar, key-value, and streaming patterns; ability to reason about trade-offs under specific performance and latency requirements
  • Proven track record delivering via Agile/Scrum methodologies
  • Experience leading legacy system modernization initiatives
  • Strong communication skills - ability to work effectively with both technical teams and non-technical business users
  • A constant learning and upskilling mindset
  • Fluency in AI/GenAI for engineering productivity (integration strategy, code review, test-case creation, and code generation), with a strong understanding of the evolving AI landscape and the ability to apply AI technologies effectively in business and technical contexts.
  • Experience in Financial Services, particularly portfolio performance calculations, NAV/returns, or risk metrics is a plus
  • Experience with PySpark for large-scale data processing
  • Infrastructure-as-Code experience, preferably Terraform
  • Experience with Snowflake as an analytical data warehouse
  • Microservices architecture and Serverless technologies
  • Experience with CI/CD pipelines and code quality tooling
  • Experience in C# and .NET software development is a plus

Parametric believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties and qualifications, but not limit the employee or the organization to just the work identified. It is our expectation that every employee will offer his/her services wherever and whenever necessary to ensure the success of our services.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $115,000 and $225,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

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