Are you looking to land that steady job in tech or business? If so, you’ll need to be able to code and prove yourself. But where do you look for help? According to recent research, only 40% of software developers can get fintech jobs.
What this means is that not only are you not getting the job from your current job but you’re also unlikely to get it from any other apps or platforms. That’s right – if you’re a software developer, chances are good that your only way out of poverty will be through fintech (fintech being the hidden side business of financial technology).
Read on for more information about getting a job with fintech and how to do it successfully.
What is Fintech?
Fintech is a concept that’s been around for a while. It’s a business model for the technology that makes blockchain and virtual currencies work. A company runs a business as a for-profit company that uses its reputation for expertise to attract customers and employees in need of its products or services. The company then maintains the integrity of the supply chain for products like goods and services by marketing good-to-bad merchandise as if it were a normal business.
How to Get Fintech Jobs?
You already know that you’re looking for a steady job in tech or business, but where do you start? The first thing you need to do is look for jobs that pay good money. It’s better to be on the right end of the salary spectrum than the wrong end. If you want a job that pays well, especially if you’re in an industry like software development where there’s a high demand for your skills, you need to be in demand. This is where fintech comes into the picture.
Why Does Fintech Matter?
One of the most important things you can do to make yourself stand out among your peers is to show up for interviews with confidence and with a smile. You don’t want to sound like you’re at a loss for words or nervous when you have to ask for an interview.
If you’re nervous, don’t be – it’s normal and you’re in great shape. What you’re trying to accomplish is to sound like you’re confident and strong, so that people will take you seriously when you walk into the room. Therefore, it would be wise to avoid sounding too confident and reserved when you come in for an interview.
How to Find Employment in Fintech
It would be wise to strategically consider the kind of work you’ll be pursuing before we detail the potential opportunities on offer for those of you who have completed some or all of the aforementioned courses.
Practical Advice for Landing a Fintech Job
It is vital to be aware of and comprehend the fact that the Fintech sector is expanding at a dizzying rate if you want to join the revolution. It’s critical to stay up to date with developments and trends in the Fintech sector.
Here are some recommendations on how to get started:
Start with what you are familiar with. For example, if you are a trader, it is pointless to apply for an insurance position just because you enjoyed reading about Lemonade. Remember that Fintech is a very broad term that spans many different verticals, so give yourself the greatest opportunity by researching the technologies that are upending your sector of the market.
List everything: Do you already know the type of business you wish to work for? Make a list of the businesses that would be the best fit for you if not. Start researching some of the fast-growing firms in your industry, and you might also look at banks who are following a progressive Fintech strategy. With the knowledge you currently possess, you ought to distinguish yourself to possible employers.
Speak to Fintech professionals: It should go without saying, but if you’re embarking on a new journey and unsure of the terrain, start networking with professionals in the field to learn more about what it takes to thrive in Fintech. Visit gatherings and events. Try Shapr, a brand-new networking software that links you with like-minded professionals, if you’re the daring type. There are many alternatives, so be imaginative!
Develop your knowledge of fintech: As previously noted, having a working knowledge of fintech will help you advance your career and make you a more desirable prospect to employers. For further information, see the CFTE’s Fintech Foundation Course.
Jobs where you could apply your newly acquired understanding of fintech
After completing the aforementioned courses and paying close attention to the considerations, you will without a doubt have a solid understanding of the Fintech industry, including the key technologies, the ecosystem, and future trends, and be well-equipped to pursue a career in Fintech. The next stage is to implement what you’ve learned in the real world.
To help you launch a career in fintech, we’ve listed six possible career paths below. Although by no means comprehensive, the list should give you a sense of what is feasible.
If you have the desire to start your own business, you might adopt the route taken by many students studying Around Fintech in 8 Hours and create your own product to sell. Around Fintech goes to great lengths to illustrate the possibilities in modern finance, and as a result, it may inspire you to think of interesting new ideas that the CFTE community may help you pursue. It’s not for the timid, but if you can succeed at it, the rewards are definitely worth it.
The product manager’s role is essential in ensuring the product stays on track in its development roadmap, whether they are working for a Fintech startup or a large corporation pursuing a Fintech strategy. The product manager will frequently be someone who adheres to agile concepts and is quick to react to changing circumstances. Understanding the Fintech ecosystem is essential.
More and more professions focusing on innovation are in demand as banks begin to embrace Fintech and increase their interest in innovation to stay competitive against the emergence of Fintech upstarts. Fintech will be used differently in each area of banking, and depending on where you work (maybe in compliance or front-office), there may be an opportunity for you to take the lead in promoting innovative initiatives that use technology to expedite operations. Perhaps the change has already occurred, and Fintech-savvy staff is required to help drive the transformation.
Data is often affectionately referred to as the “new oil” by observers, and for good reason—it is data that is fostering the expansion of user-centric services that have come to represent the digital economy. The ability to manage and analyze the enormous volume of statistics will give businesses a significant competitive advantage, making the position of data specialist one of the most in-demand.
The capacity to form new partnerships and sign new contracts that might aid a product in gaining a presence in the market is a crucial element to the success of any organization. Fintech presents a wide range of options for professionals who are interested in combining their knowledge of traditional finance with their newly acquired grasp of the mechanics of the Fintech sector to create the Fintech unicorns of the future. Professionals who excel at business growth will always be in demand.
This would unquestionably be the exotic pick if you work in conventional finance. The demand for competent developers to create the apps, websites, and features that stand out from the competition is one of the key growth areas in the fintech industry. As a result, there are plenty of options if you’re interested in switching to coding them. Joining a coding bootcamp, which is meant to speed up your progress in mastering the essential web technologies in the shortest amount of time feasible, is the quickest and most effective method. When it comes to finding that Fintech Job, there won’t be a scarcity of options if you make the leap.
Being a software developer is lucrative and rewarding, but how do you find the right job in fintech? Well, to get the job by fintech, you need to be confident and organized. You need to be able to code and prove yourself. You also need to be passionate about your work and enjoy what you do.
The only way out of poverty is through innovation and creativity. To get the job by fintech, you need to know how to start a business and find a suitable niche for your product(s). Once you’ve found a niche, you can find investors and entrepreneurs to help you achieve your goals. And finally, you can learn how to market yourself productively and make a lasting impact on the world.