Last updated on March 29th, 2024 at 11:04 am
Fintech Career- Education, job opportunities, experience, and career advancement
If you’re looking for a career in fintech, the first thing to know is that it’s not something that requires a university degree. The skills required are often transferrable to other sectors, so if you already have experience in one area, you could be well-positioned to work in another.
Working as a fintech professional means being able to understand how financial products or services work and how they can be used by customers. You will need an understanding of financial jargon and terminology, as well as the ability to communicate complex information clearly in writing and verbally.
You should also be able to think critically about the industry and its impact on society. You should be able to identify trends and understand how these fit into the wider picture – whether this is through data analysis or research about consumer behaviour.
You should be able to solve problems quickly and efficiently – this means being able to think creatively when presented with new challenges at work or home.
To get into fintech, you'll need an understanding of finance and accounting, including how to use Excel or other financial software or databases. You should also be familiar with computer programming languages like Java or Python. If you're applying for a role as an analyst, it's also helpful if you have some experience with regression analysis or predictive analytics.
It's also helpful if you've taken courses at the college level on subjects like statistics and machine learning. Courses in computer science can also be helpful if you want to work as a data scientist or engineer on projects related to AI and big data analytics.
Qualifications
- A minimum of a bachelor's degree in finance, economics, or a related field.
- At least two years' work experience in the financial industry.
- A strong understanding of accounting principles and practices.
- The ability to communicate clearly about complex financial concepts and issues with individuals from diverse backgrounds and cultures.
Skills
Fintech is a relatively new industry that combines finance, technology, and data science to create new ways of doing business. Fintech companies are growing rapidly in size and scope—with some estimates predicting that the industry could be worth $4 trillion by 2024.
To become an expert in fintech, you'll need to have:
- An innate interest in math and logic
- A strong background in computer science or other technical fields (like software development)
- A passion for problem-solving and finding solutions to challenges
- The ability to think critically about complex issues and apply your knowledge to them
- Write code
- Communicate effectively with people from a variety of backgrounds and industries
- Work well with others in the team and be able to take feedback
- Understand product development and what makes good products successful
- Knowledge of the basics of finance
- Experience in working with numbers
- Experience with accounting software (preferably QuickBooks)
Career prospects
If you're interested in joining the fintech industry, there are many different career paths you can take. Some companies require specific degrees or certifications, while others prefer more general knowledge in computer science or other technical fields. Some companies provide training on how to use new tools or technologies as part of their onboarding process, while others may not have any formal training at all and instead rely on their employees' own initiative to learn how to use new software or hardware solutions.
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Start your Fintech career with a professional course by Imarticus Learning, get guidance from industry experts, and get introduced to different modules with exposure to key elements of the domain. Get in touch with us or check out the course details in the link below.
