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How to pursue a career in the emerging Fintech domain?

Management

The number of companies, investments, financing, and users globally has significantly increased in recent years as a result of the FinTech sector’s fast growth. Fintech has a vast and expanding market. Pursuing a Fintech career might be an excellent choice for various reasons:

  • Impactful work: Working on innovative solutions that may enhance people’s lives is made possible by Fintech.
  • Numerous opportunities: The fintech sector employs a wide variety of people giving them exciting fintech job roles from product managers to customer service representatives to data scientists and software engineers.
  • Industry expansion: Industry expansion is projected for the fintech sector, which is currently experiencing rapid growth, in the following years. 
  • Competitive compensation: Fintech companies usually provide fintech job offers with competitive pay packages that include wages, incentives, and stock options.

Also read: What is the scope of an MBA in IT and FinTech?

Careers in Fintech

FinTech is a developing industry with a ton of room for professional advancement. Whether you have experience in computer science, finance, data analytics, or other associated subjects, there are a variety of exciting fintech opportunities that may help you reach your potential and have an impact on the sector. 

The first step in pursuing a fintech career is to have a thorough grasp of the sector and the competencies that are in need. With Fintech certifications, you can prepare yourself for achievement in this quickly expanding industry by possessing the ideal combination of technical as well as non-technical abilities.

In-demand skills for a career in Fintech

Discussed below are some essential skills that are needed for a career in Fintech:

  • Financial literacy: It is essential for people operating in the fintech sector, including knowledge of financial markets, resources, and regulations.
  • Technical know-how: People in the fintech industry need to have a firm understanding of the technologies that underpin their fintech careers, including blockchain, artificial intelligence, and machine learning.
  • Problem-solving: Fintech professionals should be adept at identifying and addressing complex issues. 
  • Communication skills: Fintech professionals should be able to convey complex technology concepts to non-technical stakeholders, including clients, investors, and regulators.
  • Data analysis and modeling: Professionals working in the fintech sector should be skilled in data analysis, modeling, and visualization.

Top job roles you can get in the Fintech sector

Depending on aspects including work function, amount of expertise, location, and the individual firm or organization, the fintech salary might vary widely. Some of the top fintech career positions for 2023 are listed below:

1. Designer of UX/UI

A UX/UI designer is in charge of developing and improving the user interface (UI) and user experience (UX) of electronic services, including software, web pages, and applications for mobile devices. UX/UI designers provide simple interfaces and experiences for financial services and products. A UX/UI designer can earn an annual income of up to ₹ 13.5 Lakhs .

2. Engineer in machine learning and artificial intelligence (AI/ML)

The creation, implementation, and improvement of ML/AI platforms and algorithms fall within the purview of a machine learning and artificial intelligence (ML/AI) engineer. In this role, computer science, visualizing data, and statistical modeling knowledge is used to build machines with artificial intelligence that can learn and draw predictions or conclusions. The average yearly salary for an AI/ML engineer is ₹ 26.5 Lakhs.

3. Blockchain Developer

The task of developing, implementing, and maintaining blockchain-based networks and services falls to a blockchain developer. For a variety of businesses and use cases, they create dependable and secure solutions using decentralized ledger technology. Decentralized apps (DApps) or smart contracts are created utilizing various blockchain platforms, such as Ethereum or Hyperledger when working as a blockchain developer. Depending on their level of experience and expertise, Blockchain Developers may earn up to ₹ 18.7 Lakhs.

4. Data scientists

Data scientists are experts who extract insights and knowledge from complicated and huge databases using their expertise in mathematics, statistics, programming, and domain knowledge. They use a variety of approaches, algorithms, and technologies to analyze data and provide actionable insights to businesses and organizations. Data scientists use statistical methods and machine learning approaches to discover insights from huge databases. A data scientist can earn up to ₹ 25.5 Lakhs in a single year.

5. Compliance Specialist

A compliance specialist is a professional who ensures that an organization follows every applicable regulation, law, and industry guideline. Establishing, managing, and enforcing compliance policies is their main duty in order to lower risk and promote moral behavior throughout the company. Compliance specialists work in a range of industries and are knowledgeable about the unique laws and rules that apply to their sector.  A compliance specialist can earn up to ₹ 14.0 Lakhs annually.

6. Product Manager

A professional responsible for taking care of a product’s strategy, improvement, and performance throughout its lifecycle is known as a product manager. To ensure that the product satisfies customer needs, aligns with corporate goals, and adds value for users, they work closely with cross-functional teams from engineering, marketing, design, and sales. They are in charge of creating and introducing new financial services and solutions. A product manager can make up to ₹ 35.7 Lakhs annually. 

7. Cybersecurity Analyst

Protecting computer networks and the information of a business from possible attacks from hackers is under the purview of a cybersecurity analyst. These analysts help financial companies protect their systems, data, and networks from online threats. To stop unauthorized entry, breach of information, and other security issues, they constantly function to detect loopholes and install security solutions. A cybersecurity analyst may earn up to ₹ 11.6 Lakhs yearly. 

8. Quantitative Analyst

A quantitative analyst is a specialist who uses statistical and mathematical methods to examine and resolve challenging financial issues. They are employed in the financial sector, generally in hedge funds, asset management, or investment banking, where they use quantitative tools and models to make data-driven choices. The average earnings for a quantitative analyst can reach up to ₹ 32.0 Lakhs, depending on the level of expertise and experience.

Top companies that may hire Fintech professionals

Listed below are some of the top companies that hire Fintech professionals

  • Razorpay
  • Cashfree
  • Paytm
  • Cred
  • Zerodha
  • Groww
  • CoinSwitch Kuber
  • Smallcase

Launch your career in Fintech with an online MBA in IT & Fintech courses

The online MBA in IT and FinTech program from Manipal University Jaipur (MUJ)  is intended for individuals who want to occupy managerial positions in the field of information technology or the financial services sectors. Your ability to gain the skill sets necessary to land successful employment in any company throughout the financial industry will increase with an MBA in IT and FinTech elective. Online students at MUJ may access the platform’s user-friendly interface for learning the curriculum modules, watch formerly recorded lectures, communicate with fellow learners and teachers, and do much more. Students who enroll in MUJ’s online degree programs provide excellent chances for fintech career advancement. Students have the flexibility to study at their speed, complete Fintech course work when it’s convenient for them, communicate with subject-matter experts and seek for chances to further their careers and get exciting Fintech job opportunities.

Also read: Important concepts to learn during an MBA in IT and Fintech.

Conclusion

The fintech sector’s technical breakthroughs are now influencing the worldwide financial services business. Startups, IT behemoths, and reputed financial institutions all participate in the fintech sector, which leverages cutting-edge technologies like advanced computing, big data, blockchain technology, and artificial intelligence to improve the efficiency and usefulness of the financial services sector. Due to the specialized nature of the field, fintech specialists frequently make competitive fintech salaries.
For MBA graduates, Fintech certifications may open up a wide range of career prospects and usher in an exhilarating new stage of global financialization. If you’re interested in the subject of Fintech and want to develop your fintech career, consider an online MBA in IT & Fintech from Manipal University Jaipur. People who take this course will have a greater awareness of the industrial norms and rules that apply to the FinTech industry, making them more marketable and prepared for fintech job opportunities.

Disclaimer

Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.


Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.

  • TAGS
  • Finance
  • IT & FinTech
  • Master of Business Administration
  • Online MBA

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