Fintech, a new field that combines both finance and technology, has disrupted the financial world like nothing else. Every mode of financial activity today is digitized, and going completely cashless has become the new norm. In this world of hyper-reliance on technology, Fintech has become the new imperative measure that all companies are turning to for the ease of their financial dealings.
Fintech Management, a burgeoning course in the related field, is all about solidifying the relationship and minimizing the gap between finance and technology. Take, for example, the payment processes with services like UPI. It is one of the finest examples of Fintech. It allows for financial transactions without the hassle or difficulty of carrying cash. The method is seamless and is bereft of any technological glitches.
This allows even every layman to utilize Fintech to their maximum potential. Such is the far-reaching scope of Fintech that from large businesses to small vendors, everyone is using it. Therefore, the Fintech Revolution is real, and it is here to stay.
What is Fintech?
A combination of both the words ‘Finance’ and ‘Technology’, ‘Fintech’ refers to that field of service that allows companies and individual users alike to use technology for carrying out financial activities. Companies usually rely on Fintech to try and find financial solutions to pre-existing problems or issues using technology. Individual customers or users only use it after a Fintech product or service has been tested and mass-released widely into the market. This maximizes the use of Fintech and the reliance on it in our day-to-day life.
Peer-to-peer payment apps, smartphone banking, blockchain development, risk management, digital transactions, phone banking, cybersecurity, etc., are just some of the many examples of services that require Fintech.
How to Start a Fintech Career in 2025?
A course in Fintech can prepare a student better for careers in multiple industries such as Banking, Finance, and Insurance among others.
To begin a career in Fintech, one has to first pursue a course in the namesake field. Due to the voracious demand for Fintech-related jobs across industries and sectors, the field of study has become an important part of many business schools.
You can pursue a Fintech course after passing Class 12 with 50% or more aggregate marks across academics. You can enroll for a BBA course in Fintech from any reputed college like MBA ESG, Presidency University, DES Pune University, etc. You can also opt for entrance exams like SET, CUET, IPMAT, NMIMS NPAT, etc. to clear them and get enrolled in your desired college.
After pursuing a BBA in Fintech, you can further opt to do post-graduation with an MBA in Fintech. Once again, colleges like MBA ESG, Ajeenkya DY Patil University, the IIMs, Chandigarh University, etc., provide an MBA in Fintech.
If you’ve graduated from any other stream outside of a BBA, and you want to start your career in Fintech, you can still opt for an MBA in Fintech from any college.
Once the education is complete i.e. you’ve post-graduated with an MBA in Fintech, you will increase your chances of getting hired by a reputed company from your college placements. MBA ESG itself has an 80% placement record for its students, the majority of which have higher packages.
Moreover, learning new things outside of the syllabus is always a great advantage to have. Students with internships, workshops, and previous work experiences, stand a greater chance of getting recruited. They can always improve upon their skills and constantly keep up with the innovations in Fintech to increase their chances of getting hired by their desired company.
Skills required for successful career
While pursuing the undergraduate or post graduate degree, one should also build up on these skills to be successful in fintech career.
1. Software Development
It is not necessary to know in-depth coding, but an understanding of the basics of coding is required to coordinate among the team members.
2. Data Science & Machine Learning
Fintech companies generate a large set of data. Having a knowledge of data and data interpretation takes you a long way in understanding the industry and being effective.
3. Research
Fintech is more about identifying the problems that exist and thereby developing a product to solve the issue. Being interested in data and research helps, identify gaps and provide effective solutions.
4. Cybersecurity
The companies store massive amount of confidential data. A student skilled in risk management, compliances, security operations are preferable.
5. Communication Skills
Each candidate needs strong communication skills to clearly communicate their idea as well as collaborate with a team.
Top 5 Fintech Careers in 2025
A Fintech graduate and post-graduate can opt for numerous job options in most industries in the corporate world. However, some out of those many, are considered the best ones in this field. This depends upon the lucrative salary, the scope of the career, and the demand in the market. Here are 5 Fintech careers that are not only leading the sector but are also estimated to take over the market in the future, as per a Columbia Engineering article:
1. Blockchain Developer
Initially began for decentralized currency Bitcoin, Blockchain has now found its application in most industries in the financial world. A Blockchain Developer creates a blockchain architecture, sets up payment processes, designs user interfaces, and implements security measures to protect customer information against cyberattacks. A Blockchain Developer in India can earn around INR 20 LPA.
2. Quantitative Analyst
These are professionals who create mathematical models that determine and price financial securities. They are often employed by investment banks, commercial banks, insurance companies, consultancies, and hedge funds. Their average salary in India is somewhere around INR 20.7 LPA.
3. Risk and Compliance Experts
These professionals are in charge of ensuring that a company adheres to internal policies and external regulations on financial trading. Without them, businesses have a very high risk of committing financial crimes unwittingly. They earn around INR 6-7 LPA on average in India.
4. Cybersecurity Analyst
Cybersecurity Analysts are responsible for protecting computers from any sort of foreign threat over the Internet. Computers that store billions of dollars worth of information, data sets, and other confidential insights, are always under threat of being hacked or accessed by cybercriminals. Cybersecurity Analysts ensure that doesn’t happen. Cybersecurity Analysts can earn around INR 11 LPA in India.
5. App Developer
Since there is an app there today for almost every simple task, App Developers enjoy an all-time high demand. Using coding skills, machine learning, databases, and AI, among others, App Developers write high-quality source codes, and turn their ideas into real-life apps on smartphones and tablets. A senior app developer can earn around INR 13 LPA.
There are many more fields of work for Fintech professionals, such as Banking and Payments Analysis, Wealth Management, Credit Analysis, UI/UX Development, etc. Each of these fields of work is only going to grow in demand and the overall Fintech sector is estimated to take over every aspect of our financial life.
A report by linearlopp suggests that the Fintech sector will be worth $1.5 trillion by the end of 2025. Jobs are only going to increase in this field, and more people will be interested in pursuing it. The Fintech sectors that the investors believe will grow the maximum are Insurtech, Digital Share Broker, Regtech, Fraud Analysis Software, etc. Therefore, to sum it up, Fintech is here to stay and it will stay big time.
Frequently Asked Questions
1. What are the Skills Required For Fintech?
Some of the key skills required for Fintech are a holistic understanding of APIs (Application Programming Interfaces), knowledge of blockchain and cryptocurrency, detailed knowledge of online payment platforms, risk management, and problem-solving, etc.
2. Why is Fintech so Successful?
Fintech combines both Finance and Technology to create a seamless mode of daily operations. Be it in large conglomerates or for normal public service, Fintech finds its application everywhere. Due to its penetrative nature of seeping into every single field of life, Fintech is a very sought-after field by every industry. It makes financial transactions easier and carries out daily mode of financial activities in the simplest way. Due to this widespread benefit of Fintech, it has become extremely successful.
3. Why Pursue a Career in Fintech?
A career in Fintech will open up numerous job portals for an individual. Since most industries, including Baking, Finance, and Insurance, among others, have aggressively used Fintech, the demand for jobs in this field is at an all-time high. It will likely only increase. In addition to that, it provides a very lucrative salary. A career in Fintech is a solid, high-paying, and a difference-making one.
4. What Should You Study to Become a Successful Fintech Professional?
You should study a BBA in Fintech after completing your high school and passing Class 12 with a minimum of 50% or more marks. Post that, you can pursue an MBA in Fintech to learn about the specialized courses and explore the industry in detail. However, it is not compulsory only to do a Bachelor’s in Business Administration for opting MBA in Fintech later. One can graduate from any stream and then later decide to build a career in Fintech as well with an MBA.
5. What is the Future Growth of Fintech?
Fintech is one of the largest growing sectors in the world. It is worth $1.5 trillion now in India, and it has jumped from only $584 billion in 2022. That is an upward rise of more than 20% annually. Considering this trend, Fintech has one of the brightest futures in the world.