In the last few decades, the financial industry has undergone huge changes. Today, mobile apps, online banking, digital currency, etc. have changed the way financial services are delivered. Amidst the technological development of economies, convergence of finance and technology led to the birth of FinTech.
The FinTech revolution is quite similar to the way eCommerce transformed retail marketing with technological enhancements like online shopping, payment, booking systems, etc. Similarly, the financial sector is witnessing technology infusion. We see finance products with a technological edge, integrated online banking, mobile apps, digital currency purchases, digital transactions, etc. To be ready for the new age Finance Industry, aspirants must prepare themselves by registering in one of the best fintech courses in India.
Promising Career in FinTech
Popular FinTech Jobs and Salaries
How the Best FinTech Programme Helps
Take Advantage of the Fintech Revolution
Key Highlights
You can see the FinTech Revolution in Insurance and healthcare, eCommerce, Payments, Process Outsourcing, Capital Market and Investments, HR & payroll Tech, Digital lending and more.
Various job roles you can opt for are FinTech Product Manager, Cyber Security Professionals, Blockchain Specialist, Data Scientist, Cloud computing professional and more.
Doing a Professional Certificate Programme in FinTech from a known institute like IIM Kozhikode will prove to be a turning point in your career.
Growth of FinTech
With tech disruptions, FinTech is heading towards stupendous growth. The Finance companies are using technology integrally to allow digital access, easy payments, loans, stock trading, crypto trading, etc.
The world today wants and expects fast, swift, hassle-free, and secured financial services. To stand in long queues in banks, etc. are lifestyle hurdles for many. This is perhaps why, FinTech companies are taking a strong initiative in integrating Data Science, Cloud Management, Artificial Intelligence, Blockchain, etc. Take a look at a few industry statistics pointing towards the growth of FinTech.
Digital Payments forms the largest market chunk with a huge transaction value of US$142,501 million in 2022.
The projection of Digital Payments users by 2026 is 1,014.56 million.
The Neobanking domain's revenue is projected to be 39.6% in 2023.
FinTech Career Scope
FinTech is a growing sector with immense scope for career growth. However, skilled professionals are what the industry needs. Since the FinTech sector is relatively new, specialised and professionally trained candidates are preferred.
While for many FinTech might sound like an all-new branch of a finance career, however, it started to grow its roots long back with ATM networks, online banking, credit cards, etc. It gained more popularity in 2015 with the beginning of FinTech start-ups and increasing government and private investments.
However, the last few decades became more challenging and infused with advanced technology, where the finance industry adapted machine learning algorithms, artificial intelligence to seamlessly tackle finance issues, blockchain, and the introduction of cryptocurrency, etc.
Product designing to marketing, sales to the strategic implementation of services, and business management, FinTech has several job opportunities.
Popular FinTech Jobs and Salaries
Technology and finance go hand in hand today with the introduction of digital payments, the evolution of online banking, cryptocurrencies and finance services, etc. The average salary of a FinTech professional in India is ₹9 lakhs per year. The salary of a FinTech fresher starts from ₹ 4.5 lakhs per year. Those with good experience can enjoy a pay package of up to ₹24 lakhs per year and even more. (Ambition Box)
FinTech Product Manager: A product manager has a vivid role in the progress of a company and the products and services it offers. As a product manager trained in Fintech, forges, and develops strategic partnerships, plans, and devices innovative product line, co-ordinates with merchant banks, etc. A FinTech product Manager draws INR 5 to 15 lakhs per year.
Cyber Security: Cyber Security Professionals are hired by FinTech companies to minimise security risks, protect IT infrastructure, important data, prevent data thefts and cyber attacks. Thus their role is very important in Fintech and other domains as well. Various FinTech cyber security jobs are:
Cyber Security Analyst- Salary-5 lakhs to 20 Lakhs per year
Cyber Security Engineer Salary- 10-lakhs to 30 lakhs per year
Cyber Security Manager- ₹ 12 lakhs to ₹ 40 lakhs per year
Data Scientists: FinTech companies hire professionally trained Data Scientists with in-depth knowledge of the FinTech domain. They use data science techniques and strategies to gather useful financial data, develop data management processes, strategically analyse data to customise products and services. They gather data from financial technology, investment and retail banking, etc., and use various financial models to comprehend and interpret data. The salary range is ₹ 3 to 22 lakhs per year based on experience and expertise.
Cloud Computing: Starting from data security to network management, data storage to future accessing of data from cloud storage, the scope of FinTech in cloud management is limitless. Therefore, professionals with Cloud Management knowledge can fetch a lucrative salary in the Finance industry. A cloud computing engineer can earn ₹ 8 lakhs on average. A Cloud Administrator can earn in a range of ₹ 3 lakhs to ₹ 12 lakhs; the average annual salary being ₹ 6.5 lakhs.
How the Best FinTech Programme Helps
To take advantage of job opportunities in Fintech, you must take advantage of one of the best fintech courses in India i.e. IIM Kozhikode Fintech Programmes. The new upcoming FinTech course i.e. Professional Certificate Programme in FinTech, helps candidates enjoy a promising career by imparting in-depth knowledge and relevant skills. This course is offered in collaboration with TimesTSW, a Times of India initiative in the education realm.
Read below to know how the course will help you enhance your knowledge and skills.
Understand the basics and advanced concepts of FinTech like Finance Modelling, Fintech Analytics, AI, Data Management, Cloud Management, Blockchain, Cybersecurity, etc.
Know about the upcoming and ongoing FinTech services, products, and market trends.
Understand the career scopes in FinTech, market giants offering the best opportunities in FinTech.
Learn the practical use of FinTech concepts, implementing Strategies for FinTech Providers, FinTechs for Banking Transformation, UX Design for FinTech, Service Design for FinTech, Challenges of Doing B2B Business for FinTech
The campus Immersion module is another highlight of the course.
Take Advantage Of The FinTech Revolution
The knowledge and training offered by professional career courses like fintech certification courses from a country-leading institute like IIM allow you to have a beaming career in the finance industry. Fintech statistics, both globally and in India reveal that the domain is expanding and enriching at a fast pace, day by day, and has remarkable career scope for the right candidate. If you want to take advantage of the FinTech revolution, you must surely register for IIM Kozhikode Fintech Programme.
To know more: https://timestsw.com/course/iim-kozhikode-professional-certificate-programme-in-fintech/
