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Top 5 Reasons to Study FinTech in 2023
Joanne Elliot | Oct 25, 2022
Image: Unsplash/Austin Distel
FinTech, short for Financial Technology, is a broad term that refers to using technology to automate and improve financial services. The term was first coined back in 1972, but it was only after the rise of the internet that it became quite popular. This makes sense when you consider that the internet brought many opportunities that didn’t exist before. In today’s society, Fintech is highly relevant, and unlike in the early days, you can learn the skills needed to deliver quality software to handle financial data. However, if you’re still unsure if getting a degree in FinTech is worth it, please consider reading this article as we present 5 of the best reasons you should consider studying FinTech.
Top 5 Reasons to study FinTech in 2023
There are a number of colleges today that offer degrees in FinTech. For most of them, you would need to write a convincing college application letter, which is one of the reasons why good writing skills are important. Studying Fintech will open you up to many opportunities, which we will discuss below.
The rewards of getting a degree in FinTech can be very compelling, and you might agree after going over these 5 reasons to study FinTech in 2023.
- Growing demand
- High pay
- Improved decision-making
- Job satisfaction
- Learning ease
1. Growing demand
There’s an increased demand for FinTech professionals, and it doesn’t seem likely to stop anytime soon. Many financial institutions compete to ensure they can give their customers the best experience possible. Most customers will prefer transactions that are processed fast, securely, and reliably. So, to maintain and attract more clients, financial institutions today are eagerly looking for FinTech graduates with the skill and determination to produce results.
2. High pay
As you can imagine, due to the technical nature of the job and the high demand for skilled professionals, FinTech positions tend to pay very well. Some of the top FinTech companies today are making a lot of money; for example, Stripe, a FinTech company founded in 2011, is worth $95 billion today. It should be noted that how much you make will depend on the industry you’re working in, but work experience will always lead to better pay.
3. Improved decision-making
Most FinTechs today rely on the use of artificial intelligence, and this has its benefits. When combined with quality data, artificial intelligence often leads to quality decision-making. Through data analysis, you can determine what stocks to buy. Outside the financial sector, you can also leverage the skills and experience in this field to other aspects of your life.
If you are a student studying FinTech, you will need to write quality essays in order to receive good grades and progress in your education. If writing becomes too much or you need to prioritize other aspects of your life, you can use GrabMyEssay online writing services to hire writers. Not only does this website have some of the best writers on the internet, but there are free samples that can serve as inspiration next time you’re writing.
4. Job satisfaction
The world of FinTech is ever-evolving, which means you get to work on interesting projects and have multiple opportunities to boost your knowledge. If you’re someone that gets bored easily, then perhaps a career in FinTech is just what you need. Technologies such as artificial intelligence and automation will help improve your experience and open the door to other career opportunities.
5. Learning ease
Unlike some programs that require students to be physically present, most schools tend to offer online FinTech courses. You can study from any place and choose the lesson time that’s more convenient for you. Also, with the 5G, live classes become more immersive and of better quality.
Image: Unsplash/Austin Distel
Bottom Line
Hopefully, at this point in this article, you agree that studying FinTech can be considered a good idea. The interest in FinTech will likely not die out anytime soon.
See: The Most Exciting Areas of Study That Will Help You Land A Job In Fintech
The career opportunities, high pay, and job satisfaction it can bring should make it an attractive choice when trying to decide what to study in college.
Author’s Bio
Joanne Elliot is a software engineer and writer with a passion for finance. Having started a small business by herself while still in high school, Joanne has a good knowledge of what it means to succeed in this field. From her experience and profession, she can appreciate the benefit of understanding FinTech, which is why she regularly writes on the subject.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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