Is Fintech a good major to take?
Hi, I am planning on taking Fintech for my masters. Do i need to have very good math or statistics skills? Also is the degree something that can help me get a job faster? Thank you. #career #math #fintech #finance #technology #masterdegree #degree #statistics
Quantitative and Computational Finance (QCF):
What is QCF?
A strong foundation of quantitative skills for complex mathematical modeling.
Computational skills to implement these models using multiple statistical techniques and programming languages.
A solid, practical understanding of Finance theory and institutional details.
Georgia Tech has program dedicated to this: https://www.scheller.gatech.edu/degree-programs/interdisciplinary-ms/quantitative-and-computational-finance/index.html
Here is a detailed webpage.
Good luck! Thomas Moore.
Fintech is a great market segment right now. You have many different types of jobs available within that industry, so it still depends on what you want to do for your career. For example, you could be a software developer within the space which would mean you not only want to focus on the math, statistics, and finance aspects/subject, but would also want some computer science/programming classes. I know another engineer that is a hardware/FPGA designer within the Fintech space. He worked on algorithms to speed up transactions for stock trading within the fintech industry. If that interests you, then some hardware programming classes might be of interest (VHDL, verilog, etc).
Some other areas of interest within the fintech community:
- High speed trading
- Machine Learning (artificial intelligence)
This article has a pretty good range of recommendations around fintech as well:
Good luck on getting the degree. I think you are headed in a great direction/market space.
Go ahead and get that degree but realize that to make that degree truly useful, you will also need to obtain some real-life knowledge of what current processes Fintech is looking to disrupt. Use the coursework during your degree to help you focus in on what aspect of Fintech you want to focus on. Some earlier posters wrote about jobs in Fintech such a programmer or data analyst. But to provide real value, do not discount having a very solid understanding of what happens today in processes that Fintech is looking to innovate on. having a good theoretical understanding of what you want to accomplish will be much improved if you have a good understanding of how things work today.
You may find that in some cases, Fintech is not really revolutionizing a process so much as automating a process and streamlining it. In other cases, it will be very disruptive, revolutionary and exciting to all involved
Fintech is an awesome career path. You not only have the technology background but a FinTech degree support the financial aspects of business. The Fintech classification set you apart from many because you will gain an understanding of how technology is applied to solve financial market challenges including banking, analytics, big data, etc.
The local chamber of commerce in Atlanta is connected with local leaders in the FinTech industry and provide additional support teams to assist you on your journey. Please take a look - https://www.metroatlantachamber.com and locate the FinTech team who are eager to provide additional support.
Even in Fintech, it's just an industry. Career wise, you can be a programmer (a more technical role), an analyst (sounds like that's what you meant Fintech master), a manager, a sales person, etc. Again, you have to look at your background and interest.
Assuming you like to play a technical role, then Fintech is something you can find a job easily. There are many companies that are in transition and then there are many new startups hiring.
When it comes to fintech – a blend of ‘finance’ and ‘technology’ – start-ups have forever altered the way we make payments, take out loans and invest our finances. And traditional financial institutions have begun to see the value of partnering with these startups in a more synergistic approach to finance and technology, with almost 80% of the world’s financial institutions having entered into fintech partnerships.
If you wish to start a career in this field, you’ll need strong experience in programming languages and advanced mathematical or quantitative skills
Now, about jobs I can ell you that first of all it depends on the job market. Then, the degree counts up to a point to get a job, but sometimes employers look for degree and experience, meaning that you should expect just getting out of College an entry level job, and make your way up by acquiring knowledge and learning the trends of the job as much and fast as you can.
I was in your shoes a long while ago, but times change. Now a days pair your degree with experience and you have a perfect tool on your side to get a good job.
If you have computer science background with strong programming skills already, you may not need a master degree to start FinTech career because many companies will offer on-the-job business trainings for new hires through business analysts and subject-matter experts in the team. After few years, you will be an expert in the area and even obtain some certifications if you want to. FinTech companies do have quick development cycles. The environment is often fast-moving and has no room for mistakes.
For FinTech graduate program, you may want to focus on cloud computing, data analytics, DevOps, security, and customer experience. FinTech business is very broad and can be banking, investment, insurance, payroll, retirement services, point-of-sale, and many others. You can choose the business courses based on your interests. After you start the program, you may consider getting an internship job to start your 1st FinTech job. Good luck!
I work in Finance now, and wish I did more on the data/systems side to have more "tools" in my toolbox and make myself stand out a bit more.