You are a fresh graduate in tech or business background? roaming around different job boards? Thinking of financial technology(fintech) as a future career option, salary structure of the fintech industry?
If you want to build your career as a programmer or coder there are tons of opportunities for you in the fintech industry. You know; blockchain, cryptocurrency, peer-to-peer lending, smart contract, and web 3.0 are working as tools of fintech. You might not need to be a pro-level expert in those tools for starting a career in the fintech industry.
Besides those, if you are from a Business school, focused on business development, business analyst, or security expert you have more opportunities than a computer science student to enter into a fintech industry as a fresh graduate.
You might wonder, a non-tech employee earns way more than a tech engineer in the fintech industry. The common misconception about the fintech industry is only programmers, coders, or computer science students can do well in a fintech career.
Sundar Pichai starts his career as a product manager at google. There are tons of MBA degree holders working in the fintech industry. Opportunity in the fintech industry is open for all fresh graduates. But you need to take a different hunting strategy to find a job in fintech than others.
How much does a Fintech employee make in the USA:
In a study conducted by telent.com; the average annual income for a fintech employee is $125000, which becomes around $65 per hour. A fresh graduate starts his career @ $90,000+ and a pro-level employee can even earn $200000 per year in the USA.
Those salary ranges may vary from state to state, while Nevada pays height salaries in the fintech industry. Other states might pay less.
Tips on Landing a Fintech Job:
Fintech is a rapidly growing and quickly evolving space. To set themselves up for long-term success, job seekers need to keep track of all the players and stay ahead of emerging trends. Here are some tips on where to start:
Find your passion: before beginning to dive in just find your passion. There are lots of avenues in the fintech industry, if you bring with entrepreneur spirit or you are trying to land your dream job you need to find the niche where your passion goes. There is more technology that exists like blockchain, crypto, p2p lending, Robo advising, web 3.0, and so on just find your passion area.
Understand yourself: Judge yourself, and find how your skill set helps any startup or big fintech firm. If you are full of entrepreneur spirit it is suggested to join a start-up. Vice-verse. enrich your skills set every day. If you are a programmer try to learn some degree of marketing. If you are a business student try to learn some degree of technology. Those will return you the exponential way.
Make a smart contract in the fintech field (sharp networking skills): Join your local fintech group. Join hundreds of fintech groups on Facebook, and LinkedIn, and contribute as much as can. Join local and international fintech events. Find your mentor. By doing those you will manage a job.
Here is a list of events and conferences of fintech around you
- MIT Fintech Conference
- Empire Startups Fintech Conference
- Startup Open house
- Techiest
learn and contribute: If you are a programmer or a business fresh graduate there is a long way to go. Engage in an MBA program or other master’s program, and learn a basic level of digital marketing. Try to learn the basics of fintech technology. Join different facebook, linkedin groups to try to contribute.
We will cluster down job opportunities in the fintech industry into three groups;
- Job opportunity for fresh computer science graduates:
- Job opportunity for fresh Business school graduates:
- Job opportunity for Data science related people
Fintech industry job opportunity for fresh computer science graduates (software developer, Programmer):
From developing a simple app or designing a web page for web 3.0 to developing complex algorithms for big fintech firms all are responsible for you. Surely for starting perspective you might not need to know all of those skills set. But you must know how that technology works. The more you learn any programming language, blockchain, or cryptocurrency the more you advance in this race.
- Web 3.0 programmer or coder:
- UX Developer:
- Blockchain developer:
- Smart contract developer:
- App Developer:
Average fintech industry salaries for programmer:
| JOB OPPORTUNITIES | AVERAGE SALARY |
| Web 3.0 programmer or coder: | $75,000 |
| UX Developer: | $85,000 |
| Blockchain developer: | $100,000 |
| Smart contract developer: | $78,000 |
| App Developer: | $65,000 |
Web 3.0 programmer for the fintech industry:
Web 3.0 comes with the ideas of decentralized application and the use of blockchain technology. Web 3.0 will dominate by machine learning and AI for more robust applications. Application for Website development is very much changed over time. Coder for web 3.0 is a much-needed job for the current fintech industry. For this post you must need to be expertise on;
- Html 5
- CSS 3
- Javascript
- Php
- .Net
- SQL or MySQL
- Blockchain
- Artificial intelligence
Along with the previous generation technology you need to learn how blockchain works with artificial intelligence. How peer-to-peer lending works, How smart contact works. Those will define the future of web 3.0
The average starting salary for a web 3.0 developer starts from $75,000.
UX developer:
Does a UX designer simply design? Nope, he is the entry point of all possible customers and final customers. Think of HSBC, Apple pay what comes to mind first? Apple pay and HSBC both have smooth logos and simple designs. From logo to product package design to product layout all are done with a UX and UI developer. The perfect UX designer must be a graphics designer, psychologist, engineer, and marketer.
The average starting salary for a UX designer starts from $85,000. Not only in the fintech industry but also in all other industries need this job post.
Blockchain developer:
We all listen to blockchain here and there. It is the latest trend in the programming field. Tech firms invest millions of USD to generate for a blockchain developer. If anyone wants to build his career in the fintech industry Blockchain development must be the first priority. To become a Blockchain developer you might not learn a new programming language. You can develop Blockchain with any top-level programming you already practice.
Steps to follow for becoming a Blockchain Developer:
- Good command over Blockchain technology.
- Pro-level programming skills in any programming language. Ie: C, C++, Python, Java, Javascript, Ruby.
- Solid knowledge of Cryptocurrency and online security.
- Learn how peer-to-peer network works.
- Basic understanding of smart contracts.
The average Starting salary of a blockchain developer starts from $100,000
Fintech job opportunities for smart contract developers:
Smart contracts are self-executable programs, which are predefined with any programming language. This is the most powerful tool of cryptocurrency. Smart contract developers will earn top-level earning salaries in the coming days. Any blockchain developer needs to learn smart contracts.
The average Starting salary of a smart contract developer starts from $78,000
App developer for the fintech industry:
As the fintech industry is growing day by day, demand for custom-made apps also growing. Each fintech startup must have an app for serving its customer. In many cases, those apps are developed with ingrown genius in a few cases they hire firms. In both cases, the app development industry increasing. Fintech industry app is not a simple app that anyone could develop within a day. If someone is interested in the fintech app development industry there is a huge opportunity.
The average Starting salary of a smart contract developer starts from $65,000
Fintech industry job opportunities for fresh business graduates:
As we mentioned above the opportunity of the business graduate is almost similar to programmer or coder or a computer science graduate. The impact of business graduates in the fintech industry is more measurable than others.
The task of a business graduate starts with managing manpower for the firm. He/they will responsible for business development, product design, finding niche targeted customers, serving them well-collecting feedback from them, and developing a product for the future. The fintech industry is very much competitive you must be vigilant about your customer need and demand.
- Product Manager
- HR Professional
- Digital Marketing Assistant
- Social Media Marketing Assistant
- Content Development Assistant
- Junior Sales Manager
- Financial Analyst
- Business Analyst
Average starting salaries of the fintech industry for the business graduate:
| Job Description | Salaries |
| Product Manager | $90,000 |
| HR Professional | $55,000 |
| Digital Marketing Assistant | $60,000 |
| Social Media Marketing Assistant | $45,000 |
| Content Development Assistant | $50,000 |
| Junior Sales Manager | $45,000 |
| Financial Analyst | $85,000 |
| Business Analyst | $85,000 |
Product Manager in fintech industry:
Think like any other business, Fintech business carries a portfolio of products and services. Those products must be well defined, well organized, and must fulfill any demand of customers. The task of tailoring is done by a product manager. The famous Sundar Pichai starts his career at google as a product manager.
The main job responsibility of a product manager in the fintech industry:
- Connect a strong line of command over customer demand and supply new products and services to fulfill those experiences.
- Analyze market competition and develop pricing. In the fintech industry, there are 60,000 plus start-up firms working in different areas, huge competition exists here, and the product manager will responsible for market competition and product pricing.
- Communicate with internal and external parties.
- Work closely with the marketing and engineering team.
- Coordinate with promotional plans so that the supply of the product and the price of the product might be in balance.
- Feedback, evaluation, and development is a consistent key job of a product manager.
Salary and other benefits of Junior product manager in the fintech industry:
The average starting salary of a junior product manager in fintech firms is between $80,000 to $90,000. If you are enough interested in joining the fintech industry as a fresh business graduate this might be a good starter.
HR Professional in fintech industry:
In any ideal situation, each fintech firm must have a department of Human resources, the Fintech industry too. A business graduate from a Human resource background might make an excellent move in the fintech industry by managing those Staffing, Motivating, conflict handling, and rewarding.
The average salary of an HR professional in the fintech industry is between $41,000 to $55,000.
Digital Marketing Assistant:
From our point of view, digital marketing is not a technical job. Anyone from any background can easily handle digital marketing-related jobs. In the financial technology industry digital marketing refers to;
- Search engine optimization
- Content development
- Social media marketing
- Digital advertising
In terms of big tech companies the assigned team for each part of the digital marketing area. But in the start-up phase, most financial technology firms prefer to build a team whole as a digital marketing team.
If you are a fresh graduate and don’t know what to do but are interested to join a fintech firm learn any areas of digital marketing. This is the super easiest way to enter the fintech job race.
The average salary of a digital marketing assistant in the fintech industry varies from $55,000 to $65,000.
Junior Sales Manager in fintech industries:
If you are a marketing student junior sales manager in the fintech industry might be a good career option for you.
The main job responsibilities of a junior sales manager:
- Making a proper plane of action with the help of top sales people for sales, cost optimization, and revenue.
- Plane for daily, weekly, and monthly meetings.
- Setting up personal sales goals.
- Coordinate with product development, engineering, and other departments.
- Try to solve any customer support in the best possible way.
- Innovate way of customer communication.
The average salary for a junior fintech marketing assistant starts from $45,000. But if he/she can generate sales this salary will double within a year.
Business Analyst in the fintech industry:
A fresh graduate from business school with an interest in statistics and data will make you the perfect candidate for a business analyst. The main jobs of a business analyst are:
- Custom-made analysis on problem finding, opportunities, and making a perfect solution.
- Make realistic budgets and forecasting.
- Contribute to business planning.
- Making a competitive pricing
- Make sure fund mobilization in a perfect way.
- Ensure to agency problems arise.
The average salary for a business analyst starts from $85,000.
Financial Analyst in the fintech industry:
The main role of a financial analyst is to make a business decision from tons of data. Finding opportunities and making a proper investment decision and generating revenue from investment is the key job of a financial analyst. this is the best area for a finance graduate to enter into the fintech job race.
The job responsibility of a junior financial analyst in a fintech firm:
- Analyzing and interpreting all the financial and non-financial data and making financial decisions for the business.
- Make a realistic budget for business and implement it.
- Prepare reports on customer demand, feedback, market trends, cost, and profit.
- Analyze and improve business operations.
- Make sure our investors get enough dividends.
The average salary of a junior financial analyst in the fintech industry starts from $75,000. The advancement of a career is enormous.
Fintech industry job opportunity for data analyst:
Even if you are from statistics, math, economics, social science, or any other science background you can join the fintech industry as a data analyst if you have an interest in this field. Data analysis is one of the under icebergs areas you could discover. An average entry-level data analyst in the fintech industry will earn from 50k to 70k.
Below mention a few entry-level data analyst posts:
- Data analyst
- Manager of econometrics
- Analyst data management
Fintech industry job opportunity for data analyst:
In the fintech industry, junior data analysts will collect raw data about industry trends, operations, employee performance, and innovations of competitors. Then he will arrange those data into a report to present the findings to higher authorities. In the fintech industry technology is rapidly changing a junior data analyst in many ways looks after those issues like a business intelligence officer. One of your findings might change the whole landscape of the fintech business.
The average salary for a data analyst starts from $55,000
Manager of econometrics in the fintech field:
Econometrics is a combination of economics and statistics. The manager of econometrics provides an important role in the decision-making process through quantitative analysis of economic variables. In general, all fintech firms does not require this post but top-notch fintech player need macro-level quantitative analysis.
The average salary for the manager of econometrics starts from $75,000
Analyst data management :
Data management is a sort of technical post, but anyone from any background can easily handle this job responsibly. For becoming a data management analyst you need to learn the basics of SQL, Oracle, and cloud computing.
Data management Analyst job responsibility:
- Managing all the channels of data input and output.
- Managing data center.
- Procure and provide for use.
- Make sure all possible data links up are available.
The average salary for a data management analyst starts from $55,000
In the end;
The growth of fintech companies is exponential currently. It is predicted that in 2028 the total size of the fintech industry will be $332.5 billion. The fintech industry needs more programmers, Coders, business analysts, and creative thinkers.
Coin base, stripe, google pay, Ali pay, and Robinhood are offering a wide range of career opportunities in the areas of programmer, product manager, data analyst, and marketing. Besides those, there are tons of established companies like JP Morgan, HSBC, Citigroup, and others that offer huge fintech-related job posts every day.
In fine, like other industries, the fintech industry has the same opportunity for business graduates, Programmers, Coder data analysts, and creative thinkers. Whatever background you are from there is large scope for business for you. If you are passionate about your goal fintech is for you.
