Want to start a FinTech career? Here's your ultimate guide

Want to start a FinTech career? Here's your ultimate guide

What do you do when you want to order a takeaway? Do you count the cash you withdrew or just resort to DBS Paylah? Turns out, most consumers worldwide prefer online banking and digital wallets compared to cash.

The American Bankers Association found that a whopping 71% of all consumers around the world prefer using mobile phones or laptops to manage their bank accounts.

The technology that allows you to manage your finances online through devices such as mobiles and laptops is financial technology.

The comfort of being able to pay for your needs and purchases online is thanks to this technology and its many applications.

That said, FinTech is now positioned at an all-time high in the world today and is poised to see a Compound Annual Growth Rate (CAGR) of 11.72%. The FinTech market valuation currently stands at USD $228.24 billion and may grow up to USD $397.24 billion by 2029 according to Mordor Intelligence.

Starting a career in FinTech during this time can therefore be a wise decision. This article will explain how to get into FinTech, what jobs are best in FinTech, top FinTech trends and the most important FinTech skills you will need to succeed in this field.

What is FinTech?

FinTech is the short form for financial technology.

What is financial technology?

Financial technology is essentially digital technology, tools, APIs or software and systems, that help and support the finance sector. Examples of the most popular FinTech trends in 2024 include blockchain, embedded finance, AI-powered financial advisors, Digital Wallets, Neobanks and stablecoins.

Why Choose FinTech?

It makes sense to pursue a career in FinTech because the financial technology sector is one of the most promising fields today. Jobs in FinTech are increasing every year.

Did you know?

FinTech is experiencing the largest boom in careers, jobs, revenue and growth when compared to other industries. According to data from McKinsey & Company, revenues in the FinTech industry are expected to grow three times faster than those in the traditional banking sector between 2023 and 2028.

Why is FinTech booming? Simply because finance forms the base of everyday life. We exchange money to buy, invest and save daily. Before, traditional banking defined the financial realm, but today, traditional banking is becoming obsolete due to new digital media, digital technologies and digital money.

With the whole world becoming more digitised than ever, FinTech helps the realm of finance adjust, utilise and benefit from digital advancements.

How to get into FinTech 

The first step to help you get into the FinTech industry is relevant knowledge. Develop your knowledge of the FinTech industry, learn about the new developments, trends, tools and skills. One of the easiest ways to do this is by getting educated in financial technology.

What is the best FinTech degree? 

Choosing the best FinTech degree for you depends on your needs, preferences and career goals. Depending on your time constraints, ambition and vision for your FinTech career, you should pursue a FinTech course. 

If you choose a FinTech course from a reputable institution or school then you may be able to obtain relevant industry exposure, placement assistance and many more privileges. 

Here are some good course options: 

  1. MSc in Financial Technology
  2. Certificate courses
  3. Advanced Diploma in Financial Technology
  4. MBA in Finance
  5. MOOC Financial Technology courses

How to get a job in FinTech

 Best ways to get a job in financial technology: 

  1. Invest in computer science courses: Understand the requirements of top industry players like Google, Meta and Microsoft. As of 2024, these companies are looking for skills in data structures, discrete mathematics, object oriented design, and algorithm design. Cybersecurity, UI/UX and app development and machine learning can also be worth considering for FinTech careers.
  2. Look for internship opportunities at top FinTech companies: To obtain first-hand knowledge of the industry, consider an internship with the top FinTech companies. Some of the top FinTech companies in Singapore are PayPal, Nium, Smartkarma, Airwallex and MoneySmart. Leading companies in banking to watch out for are JP Morgan, Capital One and Morgan Stanley.
  3. Consider investing in finance and financial technology courses: A degree in finance like an MSc in Finance or a Diploma in Finance can bring you much-needed clarity and a foundation in the core aspects of finance. Since financial technology is essentially an amalgamation of finance and technology, a finance degree from a reputable institution can help you obtain high-paying jobs in FinTech.

What are the most in-demand jobs in FinTech? 

As of 2024, an average FinTech professional receives approximately USD $52,508 annually, according to salary.com.

This figure is bound to increase significantly as you climb up the corporate ladder within the FinTech industry.

Technical jobs in FinTech:

  • Corporate Financial Analyst
  • Investment Banking Associate
  • Credit Manager
  • Portfolio Associate/Account Manager
  • Stockbroker
  • Quantitative Risk Analyst
  • Investment Sales Associate/Trader

Highest paying jobs in FinTech:

  • Financial Manager
  • Hedge Fund Manager
  • Corporate Controller
  • Private Equity Analyst
  • Financial Advisor
  • Chief Development Officer at nonprofit
  • Chief Financial Officer
  • Treasurer

Non-technical jobs in FinTech:

  • Product oriented roles - strategy, design, management, marketing
  • Compliances and Governances
  • Investor Relations
  • Marketing growth of revenue and customer acquisition
  • Treasury and Accounts
  • Transaction Risk Management/Fraud Prevention
  • Business Development
  • Customer Service Operations 

Aiming for a career in FinTech is one of the smartest decisions to make. The FinTech industry offers promising avenues for ambitious professionals, determined to make their mark in the world. 

To help you enter this dynamic industry, an MSc in Finance is a great choice. Consider the London School of Business and Finance Singapore Campus (LSBF Singapore) for your FinTech education today! 

LSBF Singapore is a high-quality education provider certified by EduTrust and has partnered with world-renowned universities to deliver a global education. 

Click here to start your FinTech career!

A blog post written by Rebecca Paulraj and edited by Olly Cox.


Q: Why should you look for careers in FinTech?

A: If you have a passion for mathematics and find yourself inspired by technology, FinTech is an option worth considering. As well as this, the FinTech industry is experiencing a massive boom and can offer you high-paying jobs with great financial security. 

Q: What are the important skills required for jobs in FinTech?

A: Knowledge of financial technology, a foundation in finance, talent for computer science and information technology. An MSc in Finance or Computer Science may also be sufficient for you to obtain the skills required for jobs in FinTech. 

Q: How can you become a FinTech professional?

A: After graduating from a finance or computer science course, consider applying for internships, part-time work or projects. With the experience you gain from this, you may start applying for top jobs in FinTech with the Big-N companies. This is how you can become a FinTech professional. 

Q: What are the challenges in a FinTech career?

A: The FinTech industry is undergoing massive growth and rapid change. Adaptability, risk management and quick-minded thinking are very important to survive the ups and downs of the FinTech industry. These rapid changes can be rather unsettling for most finance professionals.

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