Career Guide for Fintech: Trend, Education, Roles & Salaries

Career Guide for Fintech: Trend, Education, Roles & Salaries


Looking for satisfying career options at Fintech?

Unquestionably, your skills, degree and abilities to demonstrate that talent to potential employers, will determine how likely you will get a high-paying FinTech position. Whether targeting a job or wanting to start a business startup, knowledge of finance and technology is a must. However, if you have a good understanding of finance and technology you can create a million-dollar fintech business like Bharatpe, Upstock, Paym, cred, Razor pay etc. Once you get into a job or startup as a career option you'll get experience gradually. Fintech is a rewarding career but doesn't get into rumors that you will be a millionaire in a month or two. So stay aware of fake ads running these days like investing in this stock and becoming a millionaire in 30 days or in 100 days. FinTech jobs are increasing exponentially and are also a good career option for finance aspirants. In this blog, we will discuss various entry-level jobs to the high-paying jobs that are available in the fintech industry. Before that let us understand why one should opt for fintech as a career option.

Also Read: Challenges of remote work

Understanding fintech (financial technology)

If we see traditional banking, there are a lot of challenges and flaws. some challenges are: Basic banking operations are time-consuming and hectic like Opening a bank account, depositing, or withdrawing cash etc. One needs to take the physical form and need to stand for hours in a queue. But finance in today's era is getting upgraded to fintech: merging banking concepts with technology. Now withdrawing or depositing cash or making payments are just a few clicks away. You just need to take your phone out and open a fintech mobile app like Paytm, Bharatpe, etc and pay almost any bill, book flight tickets, bus and train tickets, or pay the insurance and a lot more. These apps are capable of doing most of the banking operations like sending money to another bank account, Trading, online transactions, etc. The sweeping changes brought about by fintech innovation can be easily visualized, and it is important to acknowledge that these advancements have been made possible through the efforts of dedicated fintech professionals. The below illustration will help you understand the transformation bought by the fintech industry. 

Fintech encompasses a wide range of applications, including mobile payments, digital banking, cryptocurrency, investment management, Artificial intelligence and insurance technology. The goal of fintech is to provide financial services that are more accessible, efficient, and cost-effective than traditional methods. It has revolutionized the way we interact with money and made it easier for individuals and businesses to manage their finances. Finance is the backbone of an individual from small to big companies to even a country. FinTech jobs are increasing exponentially and are also a good career option for finance aspirants. later in this blog, we will discuss various entry-level jobs to the high-paying jobs that are available in the fintech industry. Before that let us understand why one should opt for fintech as a career option.

Benefits of working in Fintech?

We discussed, how financial technology turns the table from traditional to modern fintech financing. Hence it can be a rewarding career for one who is really willing to build a career. In the same sequence let us discuss the advantages of the fintech industry that a candidate can easily benefit from.

  • Job Security: Based on the stats fintech is the fastest-growing industry. The average annual growth is 25% and is expected to reach US$1 trillion in throughput and US$200 billion in revenue by 2030. Based on these stats from EY and Eescorporation one can imagine the High demand and job security in the sector. 
  • Competitive salaries: Fintech careers typically offer competitive salaries, especially for skilled professionals such as developers, engineers, and data scientists. The median salary for a fintech professional is higher than the average salary for other industries. The average salary is about 12-15 lakhs and if you talk about the entry-level then you will get 5-7LPA.
  • Career Growth Opportunities: Fintech startups are at the forefront of technological innovation in the financial industry. Working for a fintech startup can provide you with the opportunity to work on cutting-edge technologies and be part of the development of new financial products and services. Currently, Blockchain is in the boost and one who is learning blockchain development will get an extra edge. 
  • Flexibility in Working Hours: Fintech companies often have a more relaxed work culture compared to traditional financial institutions. Many companies offer flexible work hours, remote work options, and other benefits that can contribute to a better work-life balance. 

A career in fintech can be a challenging and rewarding choice for those who are interested in finance, technology, and innovation. Fintech career choice also comes with various other opportunities like career growth, impactful work, global exposure, a dynamic job, company culture & financial rewards. Fintech startups offer a compelling option for job seekers looking for an exciting and dynamic career.

Education Qualification Required in Fintech Companies.

A combination of finance, technology, and problem-solving skills are important for starting a career in fintech. Depending on the specific job role, additional education or certifications may also be required. Like, If you want to become a blockchain developer or data scientist.   Then it is preferred that you have solid coding and data structure foundation with a technical degree. Whereas product development and quality analysis need a management and/or technical degree.

To work in fintech, you need to have good skills in finance, computers, and problem-solving abilities. Some jobs might need more formal education or certificates. For example, if you want to work as a blockchain developer or data science, it's better to know how to code and understand data structures. To do product development or quality analysis, you usually need a degree in management and technology. But if you want to be a financial analyst, business analyst, or cyber security expert, having a, BBA/MBA/Business Analytics degree, or a diploma/degree in cyber security can help you do even better.

What kind of educational qualification is required to work in FinTech?

It may have been a challenge in the past, where formal education is a must that should belong to a similar field. If you want to become a financial analyst, you must have accounts in your sr. secondary, graduation, and post-graduation. At the beginning of the 21st century and with the rapid improvement in technology, it has become easy to acquire the necessary skills and knowledge and succeed in a new field. If you are willing to learn and adapt, you can master any kind of education/skill. Willingness to learn and a commitment to properly embrace a new field, you can achieve anything that you set your mind to.

As far as the big tech company's concerned it may vary from company to company which kind of education qualification they need. They may ask for a degree like (in computer science),, MCA, or BCA, or maybe any specialization. So you have to go through the company's GD for further clarification about educational requirements.

Career Scope in FinTech

  • Data science and Data Analyst:- Data is progressing rapidly, resulting in a shortage of experienced professionals who can process that data and derive meaningful stats. As a result, data scientists are being offered lucrative contracts by a variety of organizations, from large tech companies to startups. Data modeling, a related field, combines technical and marketing skills, making it a unique and intriguing combination.
  • Artificial intelligence (AI) and machine learning (ML):- These two fields have the potential to both enhance and compete with various sectors, including banking. While current AI algorithms are only based on principles, organizations are developing ML technology that allows AI to discover these principles on its own, blurring the line between principle algorithms and actual AI. Skilled tech professionals are in high demand as banks and large tech companies race to develop methods for data analysis, money transfer tracking, and more.
  • Data and Cyber Security:- As the number of connected devices surpasses 20 billion, cyber security is more important than ever. Businesses are willing to spend more money to protect themselves, making cybersecurity an essential field. Starting a software company can be difficult, but targeting small businesses with prepared solutions and training could be a good starting point.
  • With the rise of computer processing power, market volumes have increased and specialized algorithms are needed to handle the complex environment of various resource classes, jurisdictions, and interconnections. Therefore, the demand for algorithmic traders is expected to continue to grow.

Fintech Companies and their market value, profit & Employee Count

Top fintech companies in the world

Company Name Market Value (in millions) Profit (in millions) Employee Count
Stripe 95,000 2,200 5,000
Square 138,000 1,900 6,000
Ant Group 200,000 17,700 120,000
PayPal 300,000 4,200 29,000
Coinbase 70,000 1,200 1,700
Adyen 100,000 1,100 3,500
Robinhood 40,000 N/A 1,200
Klarna 45,600 1,400 4,000
SoFi 10,300 N/A 3,000
Revolut 33,000 N/A 2,000


Various positions and salary ranges are offered worldwide.

Fintech Positions Salary Range (in thousand dollars)
Blockchain Developer $60 - $150 per annum
Data Scientist $80 - $150 per annum
Product Manager $80 - $160 per annum
Quantitative Analyst $70 - $150 per annum
Cyber Security Analyst $70 - $120 per annum
App Developer $60 - $120 per annum
Financial Analyst $60 - $100 per annum
Business Analyst $60 - $90 per annum
Compliance Expert $70 - $140 per annum
Digital Marketer $45 - $90 per annum

Note:- Salaries can also vary depending on the economic conditions and cost of living prior experience, place of job, size of the company etc. in different parts of the world.

Top Fintech companies in India

Company Name Market Value (in millions) Profit (in millions) Employee Count
Paytm 16,000 550 20,000
PhonePe 7,000 350 3,500
Razorpay 3,000 100 1,500
PolicyBazaar 2,500 150 5,000
MobiKwik 1,000 50 1,000
Zerodha 4,000 200 1,500
Pine Labs 3,000 200 2,500
Lendingkart 1,000 50 1,000
BankBazaar 1,000 40 1,000
NiYO 500 20 500


various positions and their salaries offered in the fintech industry of India

Fintech Positions Avg. Salary Range
Blockchain Developer ₹5 LPA - ₹35 LPA 
Data Scientist ₹5 LPA - ₹25 LPA 
Product Manager ₹10 LPA - ₹28 LPA 
Digital Marketer ₹3 LPA - ₹15 LPA 
Quantitative Analyst ₹6 LPA - ₹25 LPA 
Cyber Security Analyst ₹5 LPA - ₹20 LPA 
App Developer ₹4 LPA - ₹25 LPA 
Financial Analyst ₹3 LPA - ₹15 LPA 
Business Analyst ₹4 LPA - ₹18 LPA 
Compliance Expert ₹8 LPA - ₹35 LPA 

Note:- The salary range depends on various factors like prior experience, place of job, cost of living, size of the company etc. so actual salary may vary.


Other Popular Blogs

Data Source:- The data shown in this blog is gathered from various sources, including financial news websites, company websites, and industry reports. Some of the sources are: Economic Times, Business Standard, Forbes and Statista