It’s certainly a booming industry, and according to Statista, global consumer adoption of fintech has more than tripled between 2015 and 2019: savings and investments increased from 17% to 34%, and money transfers and payments from 18% increased to 75%, above 8% budget and financial planning increased from 6% to 29%, borrowing increased from 6% to 27%, and insurance increased from 8% to 48%. Additionally, Goldman Sachs estimates the total value of fintech at approximately $4.7 trillion
This lightning-fast growth in consumer demand has led to dynamic growth across the industry, which in turn has created countless employment opportunities for potential job seekers.
As the world's largest fintech company, Ant Financial currently provides more than 10,000 jobs. As of this writing, a simple search for "financial technology" on the Jooble job search engine yields over 350,000 job openings, and that's just in the US. The global demand for fintech professionals is very high and is expected to increase in the coming years.
Now, while it's clear that fintech jobs are on the rise, how do you know which specific jobs and career paths are the most lucrative? Let's take a look at the most in-demand (and highest-paying) fintech jobs in 2022:
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Internet Marketing Expert
As with any other online industry, marketing is crucial for fintech companies. Most of the time, having the right marketing strategy and executing it thoroughly is the key to overall business growth.
While smaller fintech companies prefer to outsource their marketing activities, larger companies are hiring their own full-time specialists.
Average annual salary: $60,000.
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Compliance Expert
Compliance professionals (or managers) are professionals who have a thorough understanding of legal, regulatory and ethical issues related to a company's activities. By staying abreast of all requirements, conducting audits and making recommendations, compliance professionals ensure organizations stay on track and are not exposed to legal action or reputational risk.
Average annual salary: $60,000.
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Financial Analyst
Certified financial analysts are responsible for financial reporting and forecasting, as well as tracking all key operating metrics. You'll analyze past and current financial data, prepare financial performance reports, and create a variety of financial models to support business decision-making.
Average annual salary: $70,000.
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Product Manager
The role of a fintech product manager is very similar to that of a product manager in other industries - product planning and execution throughout the product lifecycle. However, since the number of stakeholders in the fintech space is typically greater, the PM role brings with it increased responsibility, increased attention to detail, and most importantly, an entrepreneurial mindset.
Average annual salary: $80,000.
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Business Development Manager
The fact that fintech companies are growing extremely fast is both exciting and worrying. Business growth must be controlled and directed in the right direction - this is where the business development manager comes into play. They research and source new opportunities, plan and oversee new initiatives, and generally add value to the company.
Average annual salary: $80,000.
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Risk Control Manager
Risk control managers use their extensive knowledge of business model analysis, portfolio management, stress testing and risk data, as well as their commercial and policy acumen, to manage the increasing risks of fintech companies by managing risks such as financial risks and risks burden. compliance regulations.
Average annual salary: $90,000.
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Cybersecurity Expert
Because the fintech industry is entirely focused on the internet and mobile communications, it is the most vulnerable to cyber-attacks that can cause severe financial and reputational damage to the company and its customers. Cybersecurity professionals are the "good cops" who use their security operations management skills to investigate past incidents and prevent future attacks by eliminating vulnerabilities and implementing data protection systems and tools.
Average annual salary: $130,000.
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Blockchain Developer
A blockchain developer is someone who creates systems that store blockchain data securely, preventing digital transactions from being altered or hacked. Blockchain developers are proficient in multithreaded coding in C++ and Java, cryptography, and the latest data security tools.
Average annual salary: $130,000.
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App Developer
In addition to standard programming languages such as C++, Java, and Python, app developers in the fintech space use artificial intelligence, machine learning, and deep learning to develop apps, especially mobile apps.
Average annual salary: $130,000
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Data Scientist
To take advantage of big data and deep learning, fintech companies hire data scientists to create and implement financial models and algorithms to analyze large volumes of data relevant to their business. These professionals are proficient in statistics, query languages, NoSQL databases, data science toolkits, and data visualization tools.
Average annual salary: $170,000.
