Questions about getting your Phd in math and becoming a financial engineer?

First about the Phd in math...

What do you need to get before you can get the Phd in Math? (bachelors, masters)
Is it even worth getting a Phd in math?
And what universities are good to achieve all this in Canada?
Im in high school right now so what path should i go?

And what is a financial engineer?
What degrees do i need and what is the path that i should go to become one?
What universities in Canada?
Is it a good paying job?
 
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