FinTech
What is the FinTech Sector? FinTech is a way for people to access financial services through new technologies. Employers range from banks and mortgage companies to businesses who design and develop software for things like mobile phone payments to contactless card reader machines in your local shops.
Average annual salary
£43,108*
Workplace trends
What do I need to start my career?
• Can be perceived as a heavily technical career when this is not the case.
Generally, no experience required for entry roles.
• Employers are increasingly seeking soft skills such as curiosity. • Many employers are signing up to recognised schemes, such as ‘Women in Finance”.
Percentage of GM workforce working in this sector
Roles that GM employers are currently recruiting for
0.75%
• Software Developer / Engineer
(10,000 employed)
Approximate number of GM employers
• Web Developer • Computer Support Specialist
109
• Cyber Security Engineer
Who might you work for?
• Sales
• Database Administrator
• Computer Systems Engineer / Architect • IT Project Manager • Product Manager
• Access Pay
• Autotrader
• CDL
• AO.com
• The Hut Group
• RBS
• On the beach.com
• Big Data
• Quantum Computing
• Internet of Things (IoT)
• AJ Bell
Types of qualifications NVQs, BTECs, Diplomas, Degrees. Many colleges and providers offer entry level (L1-2) Digital courses.
• Computer Programmer
L2-7 apprenticeships.
• Systems Analyst • Customer Services
What does the future hold for this sector? • Blockchain
Technical roles: GM has many organisations offering programmes with guaranteed job interviews e.g., Northcoders, Code Nation, Manchester Digital.
• QA Engineer / Tester
• Moneysupermarket • OpenMoney • Barclays
Specialist/technical roles such as software developers require a qualification / experience.
• Artificial Intelligence (AI) • Machine Learning
Degrees in MSc Financial Technology (FinTech), Digital Degree. T Levels to focus on digital.
Shortage and in demand roles • Software Developers (mid-senior level) • Blockchain • API Developer • UX Design
Soft skills
• Curiosity
• Adaptability
• Problem solving
• Passion and positive attitude
• Creativity
• Collaboration
• Analytical
• Business Acumen
• Communication (verbal/telephone skills and written)
• Software Engineer
• AWS Engineer • Fullstack Engineer • Cyber Security Technician and Engineer • Data Analyst
• Automation Engineer
Want to know more? - S earch for Apprenticeships or search for jobs on itjobswatch and IT Job Board or, check FinTech For Schools for more information about the industry. For more information around salaries in this industry, click here.
2022