Skip to main content
5 answers
Asked 811 views

How to enter into Fintech Industry?

I want to find a FinTech position, in which I can come in entry level and make more than I make at my current job. I currently work for the gov, doing general tax related work and speaking to customers. I want something Fintech related and back office, meaning no direct contact with customers. What skills do I need to get a good job? I am working on my B.A. Business Admin and Fintech. Jobs I found interest in so far includes data analytics.

+25 Karma if successful
From: You
To: Friend
Subject: Career question for you


5 answers

Share a link to this answer
Share a link to this answer

Tushar’s Answer

I believe you can leverage your existing customer service skills and government background into a FinTech roles. This is a smart move, as data is the backbone of the FinTech industry. Let me give you a roadmap in terms of Skills that you need to develop for a smooth transition. Let's start with the technical skills first then will move to the soft skills.

Technical Skills:
- Data Analysis: SQL, Python (Pandas, NumPy), data visualization tools (Tableau, Power BI). These are core skills to clean, analyze and interpret financial data.
- Financial Modelling: Understanding financial ratios, risk management concepts will make you a more valuable asset for FinTech companies. Your tax experience could be a plus here!

Soft Skills:
- Problem-Solving: Identifying trends and patterns in data to solve real-world financial problems.
- Communication: Clearly presenting insights and recommendations to non-technical stakeholders. Your customer service background will be helpful here.
- Attention to Detail: Ensuring data accuracy and integrity is crucial in finance.

Let me share some FinTech Analytics roles, that you might be interested in and you can do your research on them.
- Financial Data Analyst: Analyze financial data to identify trends, risks, and opportunities.
- Fraud Analyst: Investigate suspicious financial activity and develop fraud prevention strategies.
- Risk Analyst: Assess and measure financial risks associated with loans, investments, and other financial products.
- Regulatory Reporting Analyst: Ensure compliance with financial regulations by analyzing and reporting data.
- Business Intelligence Analyst (FinTech): Gather and analyze data to support business decisions. Your tax background could be relevant here if the role involves tax data analysis.

At the end I would like to leave you with some Tips, that you can use to get the job quickly and smoothly.
- Network: Attend FinTech meetups, connect with professionals on LinkedIn, and explore online FinTech communities.
- Projects: Build a portfolio of data analysis projects using publicly available financial datasets. Showcase your skills on platforms like GitHub.
- Bootcamps: Consider online FinTech bootcamps to gain specific skills and network with industry professionals.
- Leverage your B.A.: Courses in finance, accounting, and statistics will strengthen your foundation. Look for electives focusing on data analytics in business.
- Highlight transferable skills: Emphasize your customer service experience in your resume and cover letter, focusing on problem-solving, communication, and attention to detail.
Thank you comment icon This was super helpful, thank you! Chanice
Share a link to this answer
Share a link to this answer

Patrick’s Answer

Chanice, just wanted to let you know, stepping into the fintech world could be a fantastic career choice, especially for those like you who are on the lookout for growth and progression in a fast-paced, ever-changing field. Shifting from a government tax-related job to a fintech role is totally doable, provided you have the right attitude and skills. Your first step into the fintech world would be to get the right education and training. Going for a Bachelor of Business Administration (B.A.) with a focus on fintech is a great starting point, as it gives you a complete grasp of business basics, financial markets, and the upcoming technologies that are shaping the fintech world.

Besides formal education, it's key to learn specific technical skills that are in demand in fintech roles. As you've mentioned, data analytics is a hot skill in the fintech world. Being good at data analysis tools like Python, R, SQL, and data visualization platforms can really boost your appeal in the job market. Knowledge of statistical analysis, machine learning, and predictive modeling techniques can also come in handy for roles that involve data analytics in fintech.

Moreover, getting real-world experience through internships, projects, or part-time jobs can help you build practical skills and industry knowledge. Look for chances to use your tax-related experience and customer service skills in fintech roles, especially in back-office tasks that involve handling financial data, processing transactions, or creating automated systems and processes. Networking with fintech professionals, attending industry events, and joining online communities and forums can also give you valuable insights and connections to potential job openings.

When you're looking for fintech jobs, think about roles that match your interests, skills, and career aspirations. Since you prefer back-office roles with less direct contact with customers, you might want to consider roles in data analytics, financial operations, risk management, compliance, or technology infrastructure. Researching companies and fintech startups that focus on areas like payments, lending, wealth management, or blockchain technology can help you find potential employers and focus your job hunt.

In the end, breaking into the fintech world requires a mix of the right education, technical skills, practical experience, and networking. By using your current skills and experience, going after targeted education and training, and actively looking for opportunities to learn more about the industry and gain experience, you can set yourself up for success in landing a fulfilling entry-level fintech role that offers competitive pay and chances for growth and progression.
Thank you comment icon Thank you for the advice, Patrick. Chanice
Share a link to this answer
Share a link to this answer

Mrinalini’s Answer

Terrific choices, Chanice!
Here's a concise list of companies in Atlanta -
Also, your skill set is impressive:
- Mastery in technology
- Proficiency in finance
- Strong analytical abilities
- Effective problem-solving techniques
- Excellent communication capabilities
Wishing you nothing but success!
Thank you comment icon Thank you so much, Mrinalini! Chanice
Share a link to this answer
Share a link to this answer

Amar’s Answer

Hi Chanice

Great question. First of all, Fintech "Finance technology" as the name suggests as wide as the finance industry itself.

Here is my recommendation to guide your job search and preparing for a Fintech job:
* Understand how your current education and skills match with various sub-divisions in the finance industry.
* Finance industry examples include, but not limited to following:
-- capital markets, insurance, investment banking, quantitative methods, private banking, private investments, retirement planning, trading, wealth management, etc.
* Do a quick research through open positions in the finance industry as an associate or entry-level candidate
* Based on your research find out:
-- what sub-segment of the finance industry attracts you the most and,
-- what skills/education you need to get that job

Please reach out for specific questions, or follow up.
All the best.
Share a link to this answer
Share a link to this answer


Entering the FinTech industry can be an exciting career move, especially if you're looking to transition from a government role to a more dynamic and technology-driven field. Here's a roadmap to help you enter the FinTech industry and secure an entry-level position in a back-office role:

Acquire Relevant Skills: Since you're already pursuing a degree in Business Administration and FinTech, focus on developing skills that are in demand in the FinTech industry. Some key skills to prioritize include:
Data Analytics: Learn data analysis tools and techniques such as SQL, Python, R, data visualization, and statistical analysis.
Financial Modeling: Gain proficiency in financial modeling and analysis, including understanding financial statements, valuation techniques, and forecasting.
Technology Proficiency: Familiarize yourself with FinTech platforms, software, and tools used in the industry, such as financial management software, blockchain technology, and machine learning algorithms.
Regulatory Knowledge: Understand regulatory frameworks and compliance requirements relevant to the FinTech industry, such as GDPR, PSD2, and AML/KYC regulations.
Problem-Solving and Critical Thinking: Develop strong problem-solving and critical thinking skills to analyze complex financial data, identify trends, and propose solutions.
Gain Practical Experience: Look for opportunities to gain hands-on experience in FinTech through internships, co-op programs, or entry-level positions. Even if the roles are not directly in FinTech, any experience in data analysis, financial services, or technology will be beneficial and can help you transition into the industry.
Network with Industry Professionals: Attend FinTech events, workshops, and networking sessions to connect with professionals in the industry. Join online communities, participate in FinTech forums, and follow influential figures on social media platforms like LinkedIn to stay updated with industry trends and job opportunities.
Tailor Your Resume and Cover Letter: Customize your resume and cover letter to highlight relevant skills, experiences, and achievements that demonstrate your suitability for entry-level FinTech roles. Emphasize your interest in data analytics and back-office operations, and showcase any relevant projects or coursework you've completed.
Prepare for Interviews: Research common interview questions for entry-level FinTech positions and practice your responses. Be prepared to discuss your technical skills, problem-solving abilities, and interest in the FinTech industry. Highlight how your background in tax-related work and customer service can transfer to a back-office role in FinTech.
Apply to Entry-Level Positions: Start applying to entry-level FinTech positions that match your skills, interests, and career goals. Look for job openings on online job boards, company websites, and professional networking platforms. Be proactive in your job search and follow up on applications to demonstrate your enthusiasm and commitment.
Continuously Learn and Grow: The FinTech industry is constantly evolving, so stay updated with the latest trends, technologies, and developments. Invest in ongoing learning opportunities, such as online courses, certifications, and workshops, to enhance your skills and stay competitive in the job market.
By focusing on developing relevant skills, gaining practical experience, networking with industry professionals, and actively pursuing entry-level opportunities, you can successfully transition into the FinTech industry and secure a rewarding career in a back-office role. Keep persevering, stay adaptable, and remain open to new opportunities as you embark on your journey into FinTech.