Fintech occupations are growing at an unprecedented pace. Machine learning, blockchain, and AI are just a few examples of the emerging technologies that are giving both established and new players in the financial services industry new opportunities to generate value. This has led to the emergence of novel company models and the rapid demise of more conventional trade practices. Because of this, there is now much more pressure on working professionals to acquire new digital-age skills.
Since more and more people are becoming aware that Fintech is revolutionizing the financial sector, it stands to reason that they would want to know how they can get started in this exciting new field.
Just like entering any other field, there are certain basics you should know to give yourself a leg up when starting a career in Fintech. In order to be hired, for instance, proving to prospective employers that you have the necessary expertise is crucial.
The good news is that several options are becoming available as a result of the developing Financial Markets. There is a rapid proliferation of new Fintech courses, many of which lead to certifications recognized by employers, and an equally rapid expansion of Fintech-related career opportunities.
Guide to Finding Financial Technology Employment.
Before we discuss the available employment for people who have finished some or all of the courses above, it is important to give some careful consideration to the specific nature of the position you want to get.
As such, it’s important for anybody considering joining the Fintech revolution to realize just how rapidly the industry is expanding. It is critical to maintain a high level of awareness of developments and shifts in the Fintech industry.
As a starting point, we have assembled the following:
- Start with what you know: If you work as a trader it’s no good applying for a career in insurance because you like what you read about Lemonade. Because Fintech is so all-encompassing, it’s important to study the innovations that are affecting your specific industry.
- Put together a list: Do you have a clear idea of the sort of organization you’d want to join? Create a list of potential employers if not. It’s time to start investigating fast-growing companies in your industry, as well as institutions that are forging forward with a Fintech strategy. The information you have gained here should help you stand out to prospective employers.
- Consult with the Fintech community: This goes without saying, but if you’re venturing down a route you’re unfamiliar with and want to learn more about the landscape of Fintech, it’s a good idea to get to know some people already working in the field. Join groups and attend gatherings. Those of you who are feeling bold should download Shapr, a new software that helps you interact with other people in your field. There’s room for innovation here.
- Acquire Expertise in Financial Technology – As was previously said, learning about Fintech is essential if you want to improve your skillset and stand out to potential employers. For additional information, check out CFTE’s Fintech Foundation Course.
Future careers where you may put your Fintech skills to the test
You will be well-prepared for a job in Fintech after you have completed the aforementioned courses and given careful thought to the factors that will affect your learning and performance. The next logical step is to use what you’ve learned in the actual world.
To assist you get started in a career in Fintech, we’ve listed 6 possible paths on the job duties involved. You might think of this as a starting point rather than a final destination.
- Champion Business Owner
The possibilities in new finance are extensively discussed in Around Fintech, sparking ideas that may take you down a promising road on which the CFTE community is ready to cheer you on. It’s not for the faint of heart, but if you can pull it off, the payoff will be great.
- Director of Product Management
The role of product manager is essential in the financial technology industry, whether for a small company or a big one following a Fintech strategy. The product manager’s ability to comprehend the Fintech sector and to adhere to agile principles and quickly adjust to new circumstances is crucial.
- Positions in Innovation
More and more innovation-focused positions are in demand as banks begin to accept Fintech and increase their emphasis on innovation to compete with the development of Fintech upstarts. Fintech will be used in many ways throughout the banking industry, and depending on your department (maybe you work in compliance or front office), you may have the chance to spearhead innovative initiatives that make use of technology to improve efficiency. Perhaps the transition has begun, and skilled individuals who are familiar with Fintech are needed to steer it.
- Information Experts
Data is the lifeblood of the user-centric service expansion that has come to characterize the digital economy, and so has been affectionately dubbed “the new oil” by many analysts. One of the most in-demand professions, data professionals are needed by businesses so they can analyze and handle the increasing volume of data.
- Business Growth
The capacity to form new alliances and enter into new contracts is crucial to any company’s success, since they are what will ultimately enable a product break into the market. Opportunities abound in the Fintech industry for skilled individuals who want to combine their grasp of traditional finance with their newfound knowledge of the sector’s inner workings in order to create the Fintech unicorns of the future. Excellent company development professionals will always be in demand.
- UI/Developer Expert Position
This is the exotic option if you work in conventional finance. The demand for skilled programmers to create Fintech’s unique applications, websites, and features is one of the industry’s fastest-growing sectors. So, if you’re interested in making the transition to programming them, you can find plenty of work.
The most efficient way is to enroll in a coding bootcamp, which is specifically intended to help you learn the fundamental web technologies as quickly as possible. If you decide to make the change, you may choose from a wide variety of available MBA in Fintech job prospects.