Just graduated and are still unsure about which direction to take with your career? If you’re technically minded and have an interest in finance, Fintech could be the right answer for you.
Downloading a resume template for your first job in the sector is an intelligent move, but you’ll need to dig a little deeper to be successful, especially if you have no experience at all.
While there are many good reasons to pursue a career in technology, the rapidly expanding financial technologies industry offers a wide range of exciting and unique opportunities for those willing to put in the effort.
Let’s begin by taking a look at the different specializations within fintech.
Table of Contents
1. Choose an Area in the Fintech Industry
Per definition, fintech includes all areas related to the merging of new technologies with classical financial services traditionally offered by banks and financial institutions.
The following is a list of fields within fintech:
- Blockchain and cryptocurrencies.
Although known for being a ledger of decentralized transaction records in cryptocurrencies, blockchain is a technology used in many other branches like insurance and wealth management.
- Automation.
Some of the most sought-after professionals in the fintech world are machine learning and artificial intelligence experts. As automating processes is an essential activity for financial players, there are many jobs available in this field.
- Software development.
From blockchain architects to front-end and back-end engineers, they are the backbone of the industry. The opportunities here are practically endless.
- Compliance.
Fintech is a fast-moving sector, which means that regulators often have a difficult time keeping up with changes. Those who want to work in compliance will find excellent career chances here.
- Consulting.
As many banks and financial institutions are innovating their systems and processes to adapt to the new competitive landscape, consultants have become crucial figures in fintech.
- Payments.
Safely processing digital payments and deposits is a vital part of fintech. The need for qualified applicants here is very high.
2. Build Solid Knowledge in Fintech
Fintech is highly specialized and also very technical in nature, depending on your expertise field. Consider taking any classes, certificate courses, and workshops that can provide you with the necessary education to tackle financial technology projects.
There are many banking, financial analysis, and IT courses available out there for those looking to expand their knowledge. But if you already have a good grasp of those areas, it isn’t time to relax just yet.
Landing that first fintech job will require that you get deeply acquainted with the subject. Foundation certificate programs can be ideal for many candidates. Many offer the chance to get industry-recognized professional accreditation and cover a wide range of relevant and current topics.
Additionally, these certification programs are usually a great way to get hands-on project experience. They also offer an exceptional opportunity to network and make your first contacts in the fintech world.
3. Reflect Upon Your Soft Skills
In a fast-evolving and technically complex industry like fintech, soft skills are of extreme importance. Your education and experience might initially get you a foot in the door, but it is your soft skills that will act as a stepping stone in your further career path.
We have compiled a list of the most valued soft skills by recruiters in the financial technologies sector:
- Problem-solving.
Always expect the unexpected in the fintech branch. Regulations rapidly change and companies are required to overcome obstacles. Employees with good problem-solving skills will see their careers skyrocket in no time.
- Flexibility.
The only thing that doesn’t change is constant change. This is particularly true in the fintech field, as strategies often need to be redesigned to confront surprises and developments.
- Communication.
Being able to communicate effectively with clients, partners, and team members is key. Because of fintech’s fast-changing nature, conflicts can quickly arise. Those who can share ideas clearly and build good relationships will definitely stand out.
4. Establish Contact With the Right People
It is no secret that connecting with the right people can open doors. There are 2 main ways to pursue this and become known in fintech circles:
- Professional online networks.
Online networks like LinkedIn are ideal to find out who is who in the fintech world. But before you jump in and start sending contact requests, remember to take some time to update your professional profile.
- Events.
There is nothing like meeting people in real life to make an impactful first impression. Business events are the ideal setting for this. Find out if there are any fintech conferences in your estate and have some business cards ready.
Final Tips
Fintech is an industry full of chances due to its astounding growth rates, but as in all fields, new graduates need to be determined and develop smart strategies to land their first opportunity.
As most companies require experience for junior positions, evaluate doing an internship. It is a proven method tried by many others before you, and it still works in today’s job market.
Lastly, remember that not all fintech positions are advertised by banks. Companies involved in less-known areas, like casino games, are also applying financial technologies to their businesses. Entry requirements may be lower in these than in more formal sectors.
Best of luck!
Author Bio:
Susan Noel is an experienced content writer. She is associated with many renowned business and technology blogs as a guest author where she shares her valuable articles with the audience.
