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New Delhi,UPDATED: Dec 6, 2022 14:43 IST
Want to start a fintech career post MBA? Here’s your ultimate guide
By India Today Web Desk: The financial sector has been buzzing with job and work opportunities in the past few years. The rise of several fintech giants has drawn major attention to the industry. This is considered one of the most favourable times to launch a career in the financial service sector. Governing bodies across the world are formulating and implementing stricter regulations and controls over the sector to avert a global economic collapse. On the other hand, developers and IT organisations behind the fintech sector are making use of the latest technologies such as blockchain and machine learning to ensure a seamless experience for end users, be they individuals or large organisations.
MBA programs are teaching the nuances and skills needed by the financial sector and are equipping students with fresh knowledge as per the current trends of the sector. This is paving way for students to join the fintech sector right after they graduate or complete their MBA. Those who do not opt for a job in the sector, introduce their own fintech companies. Digital disruption is being widely embraced by asset management firms and venture capitalists across the globe, which is further creating a positive sentiment for the sector among jobseekers.
Technology has undoubtedly made human life much more efficient, easy as well as comfortable. Fintech has emerged as one of the most promising fields for fresh graduates to make a career and the sub-fields range from investment management to non-profits. It has developed as a highly customer-oriented financial automation, which is further an amalgamation of innovative tools like Regtech, Cybersecurity, Robo-advisors, Open banking, and more.
HOW TO GET INTO FINTECH?
To get a job with the sector, it is very important to first familiarise oneself with the nuances of Fintech and how it functions. In addition, Fintech sector isn’t bounded to any specific qualification or academic background. The educational and professional backgrounds of financial technology specialists are extremely diverse.Based on your training, prior experience, and number of transferable abilities, you can apply for a variety of roles.
The first step is to familiarise yourself with in demand skills for Fintech sector. Few of the most popular and relevant skills required in this sector are machine learning, programming, cybersecurity, data analytics, troubleshooting, and artificial intelligence. This sector of the economy is developing constantly. Keeping up with the most recent technological advancements and trends is therefore essential.
The next step is to build a solid foundation in Fintech theory. This would require thorough research and analysis of the fintech theory and how it is applied. It is advised to go through real case studies and success stories of the fintech businesses that grew and made a mark for themselves in the market.
HOW TO GET A JOB IN FINTECH?
It is very important to assess your own capabilities and understand the role that you would pursue in the fintech ecosystem. It is also very important to understand that the sector is growing at a very fast pace and the trends are changing almost every day. It is very crucial to follow the trends and remain ahead of the curve.
FOLLOW THE FOLLOWING STEPS TO GET A JOB With THE SECTOR:
Start with your basic knowledge: Firstly, jot down what you know about the sector and what knowledge or expertise you would require.
Make a list: Make an exhaustive list of the companies and people you know in the sector the proximity you have with these people.
Talk to Fintech people: It is very important to stay connected and talk to people in the fintech sector. Social media can be very helpful in connecting with people, especially through LinkedIn. You can also attend various events and meetings to boost your network
Authored by Dr. NagaLakshmi Amarnath, HoD, MBA, KL Global Business School, Hyderabad
