How to Get Into Fintech

If you really want to make it rain, you should take a close look at Fintech.

How to Get Into Fintech

This booming industry is where all the money is at, and with the right know-how, you can get in on it too! Here’s what you need to know to break into this lucrative field.

What is Fintech and Why Should You Care?

Fintech (short for “financial technology”) refers to any business that uses technology to provide financial services or products. It includes companies like PayPal and Square that offer payment processing solutions as well as more niche businesses like peer-to-peer lending platforms. The reason why people are so interested in Fintech right now is because of its potential for growth — it’s estimated that the industry will be worth $306 billion by 2022.

What Do You Need to Get Into Fintech?

The good news is that it doesn’t take a degree in finance or software engineering to break into this field — although both of these skills can certainly help. The most important thing is having an inquisitive mind and an interest in learning about technology and business. You should also have excellent communication and problem-solving skills so you can work well with customers and colleagues alike.
The reason this matters is that Fintech has evolved to accommodate the ever-changing world of finance. So, it’s important to have an adaptable mindset and be able to keep up with the latest trends in order to succeed in this industry.

How to Get Into Fintech

Start by Learning the Basics

Let's face it, it's hard to break into any industry without first understanding the basics. As with anything new, this can seem intimidating at first but don't worry - just take your time and do your research. Start by reading up on Fintech related topics such as blockchain, payments processing, cryptocurrency and more. Also, make sure you stay up-to-date on industry news so you know what’s happening in this fast-paced field.

Get an Internship

If you really want to get ahead in Fintech, start looking for internships or entry-level positions that will give you hands-on experience. You can find these jobs through online job boards, networking events or even by talking to industry professionals. This will give you an insider’s view of the Fintech world and help you develop both your professional and technical skills.

Network

It's not enough to just have the technical know-how; in order to move up in the Fintech industry, you'll need to get yourself out there too. Start making connections at conferences, meetups, and other gatherings relevant to Fintech. Reach out to people who are already established in the industry - they can be invaluable resources for advice, contacts, and job leads.

Take Online Courses

If you want to really stand out from the crowd and make sure your skills are up-to-date, it's a good idea to take some online courses in Fintech. There are plenty of free or low-cost options available through popular platforms like Coursera, Udemy, edX and more. These can help you develop specialized skills such as coding, data science or blockchain development that will give you an edge when applying for jobs.

Get Certified

Getting certified is another great way to boost your resume and show potential employers that you’re serious about working in this field. There are several certifications available from organizations like the Fintech Association that focus on topics like blockchain, cryptocurrency and financial services.

Keep Learning

Finally, the most important thing to keep in mind is that the Fintech industry is constantly changing and evolving, so you need to stay up-to-date with the latest trends if you want to stay ahead of the curve. Read trade publications and blogs related to your field, attend conferences and seminars, or even join online discussion groups for insights into where Fintech is headed. Technology moves fast - make sure you’re keeping up!

Create a Resume and Send Cold Emails

In order to make sure you’re making the most of your networking efforts, make sure you have a top-notch resume ready for when opportunity knocks. Make sure to highlight any skills or experience that are relevant to Fintech and give potential employers a clear picture of who you are and why you’d be an asset to their team. Once your resume is ready, start sending out cold emails - reach out to contacts from conferences or other industry professionals and let them know about yourself and why they should hire you. Remember: persistence pays off!

What Jobs Are Available in the Fintech Industry?

According to the Global Fintech Talent Report published by the Robert Walters Group in 2022, the top five tech roles are:

1. Product Manager: A product manager is responsible for leading the development of Fintech products, from ideation to launch.

2. Software Engineer: A software engineer develops and maintains the code that runs Fintech applications.

3. User Interface (UI) and User Experience (UX) Designer or Developer: This role involves designing user interfaces and experiences that are both intuitive and engaging for users.

4. Customer Success Professional: This role works with customers to ensure they have a positive experience with Fintech products.

5. Business Analyst: A business analyst uses data analysis techniques to help identify trends in the industry, discover opportunities for improvement, and develop strategies around product innovation.

Where Can You Find Fintech Jobs?

Fintech job postings can be found on job boards such as Indeed and Upwork, in addition to specialized job sites like FintechJobs.com or FinTechRecruiter.com. Additionally, many tech companies will post their open positions directly on their websites or social media pages. LinkedIn is also a great resource for networking with potential employers and staying up-to-date with the latest jobs in the Fintech industry.

The Fintech industry is rapidly growing and there are a variety of jobs available - from software engineers to product managers and customer success professionals. To get your foot in the door, make sure you’re up-to-date with the latest trends, take online courses or earn certifications that prove your expertise. With the right skills, knowledge and networking prowess, you can be part of this exciting field in no time!


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