Are you a B.Com graduate considering building your career in the FinTech Industry? Then we have got you covered.
The Financial technology industry is evolving constantly, offering many opportunities for B.Com graduates to leverage their financial expertise and apply it to new technologies.
You might be thinking: “Where do I start?” or “Do I need coding skills?” These are common concerns, and you’re not alone. But don’t worry, we’ll walk you through everything you need to know to build a successful career in Financial Technology, even if you don’t have a tech background. Know that the skills required for FinTech go beyond just coding. Let’s dive in.
Challenges and Solutions
Staying informed about the latest trends in the FinTech industry is crucial for career growth. We will discuss some of the common challenges a B.Com graduate may face while pursuing a career in Financial Technology, along with their solutions.
1. Feeling Underprepared for a Tech-Driven Industry
Many B.Com graduates hesitate to enter FinTech because they assume it’s only for programmers and data scientists. They worry about lacking the right skills for FinTech jobs, fearing that their commerce background won’t be enough.
Solution
Financial Technology isn’t just about coding; it’s about making financial systems smarter with technology. As a B.Com graduate, you already have the business sense and financial expertise that Financial Tech companies are looking for.
What you might need is some basic tech skills for FinTech. But don’t worry, we are not telling you to go ahead and become a full-fledged programmer. Just getting familiar with some basic programming concepts like Python or SQL, and learning how to analyze data using tools like Excel could be beneficial for you.
Taking courses like Blockchain in Finance, AI in Banking, and Financial Data Analytics could help you thrive in Financial tech as a B.Com grad.
Your goal isn’t to turn into a software developer but to bridge the gap between finance and technology.
2. Low Confidence in Landing a Job
A major concern for many graduates is confidence. They wonder if the financial rewards are worth the effort, especially when competing with tech graduates.
Solution
The good news is that the Financial tech industry has plenty of great opportunities for B.Com graduates, and many of them pay well. If you enjoy analyzing market trends and making sense of numbers, you could work as a Financial Analyst in FinTech, earning anywhere between ₹6-10 LPA.
If you’re more into rules and regulations, and making sure companies stay compliant, a Risk and Compliance Specialist role could be a great fit, with salaries ranging from ₹8-15 LPA.
For those who love strategy and innovation, becoming a Product Manager for FinTech apps and services can be a rewarding path, offering ₹12-25 LPA.
And if digital payments and transaction systems excite you, a Digital Payments Specialist role, which pays around ₹7-12 LPA, might be the way to go.
Instead of stressing about coding, focus on roles where your finance expertise matters, while also developing key skills for FinTech that bridge the gap between business and technology.
3. Lack of Industry Connections
When you are new, you may feel it is a challenge to break in, especially when you do not know anyone in the chain. So, if you are from outside, how do you even land a job in some of the top FinTech companies in the world without connections?
Solution
Networking and gaining practical experience can go a long way in your fin-tech career. Networking with industry experts or other professionals is one of the best ways to get more familiar with the tech environment. Join tech communities on platforms like LinkedIn or Reddit, and attend local meetups to get insights from professionals.
Stay plugged in, Subscribe to tech influencers as well as FinTech companies’ social accounts like X (formerly Twitter), Youtube, LinkedIn, etc. anything you can get.
A brief internship or short-term freelancing with a Financial tech startup can be a great addition to your CV to distinguish yourself from the rest.
And go out to hackathons or conferences too because even if you are not a coder, your financial expertise can be a game changer to teams building new tech for financial services.
4. Choosing Between Fintech Startups & Established Firms
Should you target a well-established company or a startup? And a lot of B.com graduates don’t know what role they play in the Financial technology ecosystem.
Solution
Know what you are getting into before you run into the Financial tech industry. Once you join a startup you will have to be prepared to run faster than you can.
Be prepared to take in more responsibilities in a shorter amount of time.
The upside? You will learn fast.
Job security is never permanent or sure. However, if you are someone who seeks stability, you may work for an established FinTech company such as PayPal, Stripe, or Square. They have established processes, top brands, and a solid career path but the pace could be a bit slower compared to startups.
In the end, it depends on whether you are looking for innovation and short-cycle learning or stability and long term growth.
Final Thoughts
Breaking into FinTech as a B.Com graduate might seem challenging at first, but it’s possible with the right approach. You don’t need to be a coding expert, just a basic understanding of tech combined with your finance knowledge can give you an edge.
There are many high-paying roles where your skills are in demand, whether it’s as a Financial Analyst, Risk & Compliance Specialist, or even a Product Manager. You just need to learn the right skills for fintech.
Start connecting with Financial tech communities, follow industry experts, and gain hands-on experience through internships or freelance gigs. Whether you choose to work in startups or an established giant, the opportunities are endless.
The industry is growing, and with the right mindset and skills, you can carve out a successful career. So take that first step, learn, network, and dive into the exciting world of finance and technology!
Read Also – Bollywood PR Secrets No One Talks About!
