Explore These Top 8 In-Demand High-Paying Jobs in Fintech

Explore These Top 8 In-Demand High-Paying Jobs in Fintech | Finance | Emeritus

According to Research and Markets 2020, the global Fintech market is expected to grow at a CAGR of 23.58% from 2021 to 2025. Several Fintech startups and other new market players are stepping into the market with innovative solutions and disrupting the financial services industry along the way. As a result, there will be immense opportunities for candidates keen to pursue jobs in fintech. But, what specific skills do you need to land some of the highest-paying jobs in the fintech industry? Let’s find out.

Jobs in Fintech

How to Start Your Fintech Career?

Let us outline the steps that you must follow to provide a head start on your fintech career: 

  1. Build a Solid Foundation with Relevant Fintech Courses 

Like every career path, starting with the basics is a crucial step. Moreover, a lot of topics in fintech include learning about emerging tech such as blockchain technology, artificial intelligence, and machine learning. Therefore, you will need to start with the basics in these areas. Moreover, by enrolling in relevant online fintech courses you can gain insights into the latest trends in the fintech industry – which is crucial to building the firm foundation you need to excel. 

  1. Master In-Demand Fintech Skills 

The next step to starting your fintech career is to master the in-demand skills. These include programming skills, artificial intelligence, and data analysis. You will need these skills to make yourself more marketable for jobs in fintech. Furthermore, you may need to enhance your interpersonal skills, problem-solving abilities, and adaptability to do well in this niche. 

ALSO READ: How to Get Into the Fintech Space: Here’s What You Need to Know

Top 8 Highest-Paying Jobs in FintechJobs in Fintech

  1. Blockchain Expert/ Developer

Blockchain is among the rapidly-growing, highly-paid, and in-demand jobs in fintech. You can become a blockchain developer (to develop and optimize blockchain protocols) or a blockchain product manager (to help clients and companies adapt to newer technologies). 

Skills Required: Knowledge of programming languages such as C++ and Java, and other programming skills like Solidarity, Ripple, and Hyperledger Fabric

Average Remuneration: Up to $106,973 per year (Glassdoor)

  1. App Developer

Fintech apps are booming in 2022 as financing is now driven by tech-savvy millennials. This is why fintech companies are now looking for app developers who can make secure and futuristic applications for smartphones. 

Skills Required: Analytical skills, understanding of databases, JavasScript, Machine learning, AI, and programming languages such as Python, Java, and C++

Average Remuneration: Up to $92,946 per year (Glassdoor)

  1. Product Owner/ Manager

The product owner/ manager maintains the quality of fintech services by handling the entire product lifecycle from design to delivery. 

Skills Required: Bachelor’s or Master’s degree in product management, marketing skills, and organizational skills

Average Remuneration: Up to $125,980 per year (Glassdoor)

  1. Financial Analyst

Financial analysts manage enterprise budgets against incoming revenue. They also conduct business analysis to compile financial reports for studying the current market trends. 

Skills Required: Bachelor’s degree in Accounting/ Economics/ Finance/ Statistics/ Mathematics and CFA certification

Average Remuneration: Up to $76,678 per year (Glassdoor

  1. Cybersecurity Expert/ Analyst

Since financial services involve monetary transactions, so cybercrimes are common in this industry. Hence, there is a high demand for cybersecurity experts in fintech. These professionals conduct vulnerability testing, monitor security access, and identify security breaches to mitigate cyber threats. 

Skills Required: Digital communication, incident investigation, governance, compliance and risk management, encryption methods, and analytical skills

Average Remuneration: Up to $82,779 per year (Glassdoor)

  1. Quantitative Analysts and Data Scientists

With the rise of Big Data, machine learning, and deep learning the demand for quantitative analysts and data scientists is not only growing in fintech companies, but also at investment banks and hedge funds. They design financial models, develop data-driven trading strategies, and innovative algorithms to minimize human input. 

Skills Required:

  • Tech Knowledge: AI, machine learning, and deep learning
  • Data Science Toolkits: R, Python, MatLab
  • Data Visualization Tools: ggplot, D3.js
  • Query Language Proficiency: SQL, Hive
  • Applied Statistical Skills: regression analysis

Average Remuneration: Up to $117,582 per year (Glassdoor)

  1. Risk Control Managers

The primary responsibilities of a risk control manager are to analyze the financial risks, mitigate their effects, and prevent those in the future to strategically support the company in achieving its overall business goals. 

Skills Required: Qualitative and quantitative analysis, stress testing, portfolio management, capital management, risk culture, risk appetite, and risk data

Average Remuneration: Up to $131,039 per year (Glassdoor)

  1. Compliance Experts

The evolution of fintech has increased the compliance burden on firms, putting compliance specialist job roles in high demand. With money laundering and terror financing becoming rampant in the US, compliance experts with backgrounds in AML (anti-money laundering) and KYC (know your customer) are in the limelight. 

Skills Required: Master’s degree in compliance management/ regulatory compliance is desirable. Knowledge of AML and KYC is mandatory. 

Average Remuneration: Up to $74,737 per year (Glassdoor

ALSO READ: Start a Career in Fintech

Top Hiring Companies Offering Jobs in Fintech

Paypal is one of the most popular fintech companies worldwide. With over 429 million active accounts in Q1 2022, the total payment volume for PayPal amounted to USD 323 billion.

According to Forbes, some of the other big names in the US fintech industry include: 

  • Stripe (95 billion)
  • Klarna ($46 billion) 
  • FTX ($32 billion)
  • Chime ($25 billion)
  • Ripple ($15 billion) 

Apart from this, we are listing other fintech startups, which are well-funded and fast-expanding, and provide exciting job opportunities:

  • Devoted Health– Online health insurance platform
  • SumUp– MPOS card reader solution
  • NYDIG– Crypto investment platform
  • Tradeshift- Cloud-based SaaS invoicing software
  • Carta- Equity management solution 

The Future of the Fintech Industry

The future of the fintech industry is bright. According to Global Fintech Index City Rankings 2020, the US is ranked as the top country to fuel fintech innovations and is home to many renowned fintech firms. Hence, the demand for fintech professionals is only going to go through the roof in the near future! So now is the best time to kickstart your fintech career.

However, if do not have any knowledge of finance or technology and are wondering how to get into this booming industry, explore the wide range of fintech courses offered by Emeritus

By Swet Kamal

Write to us at content@emeritus.org

Jobs in Fintech

About the Author

Senior Content Writer, Emeritus Blog
Gauri has found that the upside of being a writer and a scissor-happy copy editor is a rather constant, even paranoid, eye on her own work—and a healthy aversion to complacency. As a professional content creator for over a decade, she has spent time writing (and editing) design, architecture, and lifestyle stories, as well as corporate content, brochures, ads, and websites, among other genres. Her stint with Emeritus has opened an exciting and challenging avenue of education to explore and proves what she already knows—you’re really never done learning.
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