The Top 6 Fintech Jobs of the Future
If you have been considering entering the finance field, then you’re probably already familiar with the term “Fintech”. In short, Fintech refers to the growing intersection of financial products and services and technology. The main goal of most Fintech companies is to provide more efficient, personalized, accessible, and improved services for businesses and public consumers. Fintech is also growing at neck breaking speed, which brings with it many opportunities for new graduates. Here are some of the most promising fintech jobs for the future.
As Fintech evolves, so will the regulation. This is why a growing number of companies will start looking for compliance officers in order to avoid violations. As a matter of fact, compliance officer is now one of the hottest jobs for MBAs.
One piece by U.S. News & World Report stated that MBAs should consider working as compliance officers due to the high demand, robust job growth and great salaries. And thanks to online programs, people already in Fintech can get the knowledge and credentials needed without leaving their positions. Programs like the Walsh University Online MBA will give you all the foundation needed to work as a compliance officer. You’ll have privy knowledge of various acts, law, and statutes that could affect the industry as well as international banking regulations.
The more technology is involved in everyday transactions, the greater the potential for cyber attacks. Fintech companies spend millions every year on cybersecurity, and their reputation relies on it. This is why we can expect to see a growing number of cybersecurity analysts getting employed in the sector over the next coming years.
The Fintech industry is also heavily reliant on data. But just accumulating data isn’t enough, they also need experts who can mine and interpret it, as well as provide in depth analysis of the data. Data specialists also have to be able to provide concrete solutions and recommendations on how products or services could be improved, as well as forecasting possible issues in the future.
Data specialists aren’t only going to be in big demand in the Fintech industry however, as the ever growing internet of things continues to expand. Data specialists will be in need in fields like healthcare, government, and manufacturing among others, making it one of the jobs with the brightest future.
Apps also play a central role in the Fintech industry, and there’s probably not a single Fintech company that isn’t backed by one or multiple apps at the same time. One particular report by Juniper stated that the number of people who will be using mobile apps to conduct banking transactions could reach 2 billion by the year 2020. This only means that the demand for apps and developers won’t slow down anytime soon. Not only does the Fintech industry need apps that run smoothly and are easy to navigate, they need them to be safe too, as they often store very critical information.
Organizational Culture Champions
However, new jobs in the Fintech sector will not only be centered around number crunching and developing. Fintech companies also need help at the organizational and human resources level. Since Fintechs are at the forefront of innovation, having someone on board who can champion the company’s culture and foster integration of new employees is essential. They’ll also play an essential role in maintaining top talent, which is a major issue in many budding Fintech companies. Culture champions play a crucial role in boosting morale and productivity, improving work conditions, and preventing poaching from possible competitors.
The Fintech industry is slated to be one of the country’s biggest employers of top talent in the years to come. Whether you decide to work as a compliance officer, analyst, or app developer, always make sure that you look at the big picture and choose a field that speaks to your strengths, needs, and interests.