Financial technology, abbreviated as FinTech, is a combination of traditional financial techniques with technology and innovation. It aims at the application of new technological advancements to the financial industry. At the core, FinTech is used by companies to manage their financial operations in a better way. Cryptocurrency, mobile banking, and online payments are examples of FinTech technology.
Top institutes offer certificates and diploma courses in financial technology. Online platforms such as Coursera, Udemy, edX also provide courses in FinTech. The top institutes offering FinTech courses in India are BITS Pilani, IIMs in India, SP Jain Global Management. The course fee can range from INR 2- INR 3 lakh and the eligibility varies according to the institute. Most FinTech courses are available online.
According to the FinTech report, India has more than 2000 fintech companies, and a boom is expected in this field in the coming future. Paytm, CRED, Policy Bazaar, Mobikwiq all fall into the category of fintech companies. The industry is currently valuing at 50-60 billion dollars, and a three-fold increase is expected till 2025.
Table of Contents
1.2 Who should do Fintech Courses
What are fintech courses?
- Financial technology is an emerging field that aims at improving the financial industry by using technology. It can be considered as an innovative idea that improves financial services by providing technological solutions.
- FinTech is a broad term and includes everything ranging from digital double bookkeeping to digital money and online payments. Since the digital revolution, the field has grown explosively and consists of both startups and established institutions.
- FinTech has been used to automate insurance, trading, finance, risk management, and banking services. Electronic trading platforms, online payment portals, and Robo advisors have made financial transactions more straightforward.
- FinTech allows business owners, companies, and consumers to improve management of their financial operations, processes but utilizing computer software on their smartphones
- Fintech includes different sectors such as banking, education, fundraising, investment management, etc.
Why study FinTech courses?
- The finTech industry has grown exponentially during Covid 19 pandemic, and a 61 percent increase in FinTech companies has been seen over five years, increasing the job opportunities in the field.
- Fintech is a new and emerging field that expects a threefold increase in the coming years, which is much higher when compared to other industries. the industry is expected to reach a valuation of USD 150-160 billion by 2025
- While most sectors reported losses, the FinTech industry continued to grow, and in India, more than 50 Fintech companies have a 100-million-dollar valuation.
- Top institutes worldwide such as MIT (Massachusetts Institute of Technology), Stanford, Harvard, NYU (New York University) offer diplomas, certificates, postgraduate and MBA courses in FinTech.
- After completing the course, students can get jobs in various industries such as online payment, banking, loaning, financing, etc. The course provides an extensive range of career opportunities in finance and banking.
Who should pursue a FinTech course?
- Students who have an interest in finance and technology should pursue the course.
- They must be creative, innovative and must be able to make regular changes in the dynamic industry
- Fintech is an ideal choice for those ready to deal with challenges and want to make tangible changes to the company.
- Those who have some knowledge in math and computer science are preferred to pursue this degree.
- Knowledge about coding and programming is also necessary for those planning to pursue a FinTech degree.
Online FinTech courses
Most fintech courses are held online. Online platforms such as Coursera, Udemy, and edX offer online courses in Fintech. Top colleges throughout the country offer online courses. BITS Pilani, IIM Calcutta, IIM Lucknow, SP Jain Global Management are some of the colleges in India offering online FinTech courses.
- Top online platforms such as Udemy, Coursera, edx offer online courses in FinTech. While there is no specific eligibility for the online courses, some knowledge in finance and business is preferred.
- The only way to become successful in Fintech is by getting an excellent online course.
Top Online FinTech Courses
| Course | Provider | Fees (INR) |
|---|---|---|
| Fintech and digital finance | Centre for Finance, Technology, and Entrepreneurship | 31,000 |
| Oxford FinTech Program | Said business school, Oxford University | 2,31,355 |
| FinTech online short course | Harvard Business School | 2,67,278 |
| Fintech: Foundations & Applications of Financial Technology Specialization | Coursera University of Pennsylvania | 5,788 per month |
| Financial Technology (Fintech) Innovations Specialisation | Coursera University of Michigan | 2852 per month |
| FinTech - Prepare for the revolution in finance | Udemy | 455 |
| Introduction to Fintech | University of Hong Kong | 13,356 |
| FinTech Law and Policy | Duke University | 3,637 |
| FinTech for Finance and Business Leaders Professional Certificate | Edx | 40,004 |
FinTech courses on Udemy
| Course | Fees |
|---|---|
| FinTech - Prepare for the revolution in Finance | 455 INR |
| Open Banking, PSD2, and GDPR. FinTech | 455 INR |
| Mastering FinTech and Machine Learning! | 455 INR |
| Understanding FinTech | 455 INR |
| Social Media Finance Course: Fintech 2018 Trends | 455 INR |
| FinTech, Governance, and Inclusion | 455 INR |
| Fundamentals of FinTech | 455 INR |
FinTech courses on Coursera
| Course | Fee |
|---|---|
| Fintech: Foundations & Applications of Financial Technology Specialization | 3449 INR per month |
| Financial Technology (Fintech) Innovations Specialisation | 1449 INR per month |
| FinTech: Finance Industry Transformation and Regulation Specialization | 1449 INR per month |
| FinTech: Foundations, Payments, and Regulations | 3449 INR per month |
| FinTech Law and Policy | 4399 INR per month |
| Blockchain Revolution in Financial Services Specialisation | 5778 INR per month |
| How Software Ate Finance | 2121 INR per month |
| Digital Transformation in Financial Services Specialisation | 3584 INR per month |
| The Future of Payment Technologies | 2852 INR per month |
| Building Fintech Startups in Emerging Markets | 2852 INR per month |
FinTech courses on EdX
| Course | Fee |
|---|---|
| Introduction to FinTech | 14,816 |
| FinTech Ethics and Risks | 14,816 |
| FinTech for Finance and Business Leaders Professional Certificate | 40,004 |
| The Future of Finance Professional Certificate | INR2,07,728 |
| Professional Certificate in Blockchain Fundamentals | INR13,268 |
| Professional Certificate in Machine Learning and Finance | INR107,080 |
Top Colleges in India offering FinTech courses
Some of the top colleges in India offering Fintech courses are tabulated below for your reference.
| Course | College | Fees |
|---|---|---|
| Advanced programming in FinTech and Financial Blockchain | IIM Calcutta | INR 3,75,000 |
| Professional Certificate in Fintech | SP Jain Global Management | INR 2-3 lakh |
| Digital Transformation of Business | IIM Lucknow | INR 24, 000 |
| Certificate Program in Fintech and Financial Blockchain | IIM Indore | INR Two lakhs |
| Post Graduate Diploma in Fintech | BITS Pilani | INR 55,000 |
Fintech Courses: Syllabus
While each online course has a specific syllabus, some basic topics are part of the FinTech course.
The basic syllabus for a FinTech course is as follows:
| Introduction to Fintech | Programming skills |
| Cryptocurrencies, payments, and blockchain | Cybersecurity |
| Digital and alternative finance | Artificial intelligence and machine learning |
| FinTech regulations | Data and FinTech |
Quick Links:
Fintech Course comparison
The following section highlights the difference between Fintech courses along with other financial courses
FinTech VS Financial engineering
| Particulars | Fintech | Financial Engineering |
|---|---|---|
| Main objective | Financial technology is an emerging field that aims at improving the financial industry by using technology | Financial Engineering uses mathematical and engineering tools to deal with financial problems |
| Duration | A few weeks to 1 year | 2-4 years |
| Eligibility | No specific eligibility. Some top colleges require students to have graduated with 50- 60 percent marks | Must have passed class 12th from a recognized board with Chemistry /Physics/Mathematics as their primary subjects |
| Job growth | 25 percent | 14 percent |
| Entrance exam | No specific entrance exam required | JEE, GATE, GRE, GMAT |
| Average salary | INR8.75 lakh per annum | INR4.85 lakh per annum |
| Job profiles | Blockchain Developer, Apps Developer, Financial Analyst, Product Manager, Compliance Expert, Cybersecurity Analyst, Quantitative Analyst, Business Development Manager | Corporate financial advisor, Portfolio Manager, Credit risk manager, financial regulator, Derivatives Analyst, Data scientist, Investment analyst |
| Education level | Graduation | Graduation and Post-graduation |
| Colleges | BITS Pilani, IIM Calcutta, IIM Lucknow, SP Jain Global Management offer online courses | Massachusetts Institute of Technology, Indian Institute of Technology, Kharagpur, GD Goenka University, Indian Institute of Quantitative Finance, etc |
Fintech vs MBA Finance
| Course | Fintech | MBA Finance |
|---|---|---|
| Main objective | Financial technology is an emerging field that aims at improving the financial industry by using technology | MBA Finance is a 2-year postgraduate course pursued by those who want to make a career in financial management. |
| Duration | A few weeks to 1 year | Two years |
| Eligibility | No specific eligibility. Some top colleges require students to have graduated with 50- 60 percent marks | Graduation in any discipline with at least 50 percent marks |
| Entrance exam | No specific entrance exam required | CAT (Common Admission Test) and MAT |
| Average salary | INR8.75 lakh per annum | 3,00,000 to 9,00,000 per annum |
| Job profiles | Blockchain Developer, Apps Developer, Financial Analyst, Product Manager, Compliance Expert, Cybersecurity Analyst, Quantitative Analyst, Business Development Manager | Corporate Analyst, Accounts Manager, Executive Assistant, Marketing Analyst, Marketing Manager, Finance Manager, Cashier, Investment Banker, Business Analyst, |
| Education level | Graduation | Post-graduation |
| Colleges | BITS Pilani, IIM Calcutta, IIM Lucknow, SP Jain Global Management offer online courses | NMIMS, SP Jain Institute of Management and Research, International Management Institute, IIM Bangalore, IIM Calcutta |
| Top recruiters | HDFC, JP Morgan, ICICI, Goldman Sachs, HSBC | Paytm, PayPal, Robinhood, CITI, Korn Ferry |
Skills required to pursue FinTech courses
| Problem-solving skills | Coding and programming skills |
| Soft skills | An interest in numbers |
| Analytical skills | Communication skills |
| Team working skills | Finance knowledge |
| In-depth knowledge of blockchain | Knowledge about cybersecurity |
FinTech courses : Jobs and Scope
- The FinTech industry has grown exponentially in the Covid 19 pandemic, and a 61 percent increase in FinTech companies has been seen over five years, increasing the job opportunities in the field
- A 25 percent growth is expected in the FinTech industry, which is much higher when compared to other sectors. The industry is expected to become three times more valuable, and it is expected to have an evaluation of 150- 160 billion dollars.
- India has more than 2000 FinTech companies, and job opportunities are exponentially growing in the field
- Top companies such as Paytm, Lendingkart, Money Tap, Policy bazaar, Mobikwiw, CRED are some of the leading Indian companies in FinTech
Job Profiles
After completion of a FinTech course, an individual can get many jobs in various industries. The Covid pandemic has led to exponential growth in the FinTech industry, and career opportunities are growing. The top 8 job profiles after a FinTech course are as follows:
| Job Profile | Job Description | Average salary |
|---|---|---|
| Blockchain Experts & Developers | A blockchain developer is a software developer who works in blockchain technology. A blockchain is a data storage solution that the public can use. Blockchain is the fastest growing industry in FinTech, and Bitcoin was also developed using this technology. | INR6, 17, 667 per year |
| App developers | The job of an app developer is to use their knowledge in programming to develop software and applications. As the demand for online payments, financial management has increased, there is also a demand for new apps. app developers work with coders and IT (Information Technology) teams to develop a required application | INR4,55,296 per year |
| Financial analyst | The responsibility of a financial analyst is to forecast income and manage budgets. They analyze the company’s performance and help the management by making strategic decisions. | INR5,00,000 per year |
| Data scientists | The job of a data scientist is to turn raw data into valuable insights, which are required for organizations to grow. These individuals go through a large amount of data so they can design the required software. | INR10,12,499 per year |
| Product manager | The responsibility of a product manager is to manage the entire cycle of product development. They are also responsible for identifying and selling potential FinTech products. | INR16,69,290 per annum |
| Cybersecurity experts | Their responsibility is to provide security throughout the development stages of software systems. They look for risks and vulnerabilities in the software and hardware. | INR11,25,601 per year |
| Compliance experts | The job of a compliance expert is to make sure that a company follows standard rules and regulations. They must have extensive knowledge of the field and must enforce rules at all levels | INR10,49,973 per year |
| Risk control managers | They are responsible for managing the risk to an organization, customer, shareholder, reputation, and assets. They assess the threats to an organization and make plans to avoid, transfer or reduce the risk | INR12,65,282 per year |
| Business Development Manager | The job of a business development manager is to make a strategy focused on both customer satisfaction and financial gain. They conduct long-term research to identify present needs. | INR6,12,500 per year |
| Data Specialist | The responsibility of a data specialist is to transfer information from hardcopy to digital format. They make sure that the data is valid and is part of the entire converting process. | INR4,41,327 per annum |
Top Recruiters
the top FinTech recruiters are as follows:
| UPLERS | Talent place |
| PayPal | robin hood |
| Korn Ferry | Paytm |
| CRED | Aspiration |
| Matrix | Amazon |
| Walmart | VISA |
| Accord FinTech | Agile financial technologies |
Fintech Courses: Salary
| Experience | Average salary (INR) |
|---|---|
| Junior level | 4.5 lakh per annum |
| Average | 8.75 lakh per annum |
| Senior-level | 23.5 lakh per annum |
FinTech courses: FAQs
Question. What is the future scope of FinTech?
Answer. The industry is growing at lightning speed, and a 25 percent growth is expected in the FinTech industry. A threefold increase in revenue is expected in the coming years, and India is the second biggest home to FinTech companies. FinTech is making trading, banking, exchanging money much more accessible, and the industry will see increased growth in the future.
Question. What is the eligibility to do a FinTech Course?
Answer. While there is no specific eligibility to do a FinTech course, students with knowledge of finance and business are preferred. Some institutes also require students to have a graduate degree with 50-60 percent marks and work experience.
Question. What are the top online FinTech courses?
Answer. The top online courses in Fintech are offered by SP Jain School of Global Management, IIM Calcutta, Coursera, Harvard business school, University of Hong Kong, IIM Indore, Edu4sure, etc.
Question. Does an online course in FinTech allow individuals to enter the FinTech industry?
Answer. Learning FinTech through an online course can be immensely helpful when a person wants to enter the Fintech industry. The courses provide a lot of knowledge and skills required for you to get into the industry. Before buying an online course, students must be aware of the terminology and subjects in the field. Students are also required to know business, finance, and computer science.
Question. What is the average duration of a Fintech course?
Answer. The average duration of a FinTech course can range from a few weeks to 1 year.
Question. What is the average fee of a FinTech course?
Answer. The fee for a FinTech course can range anywhere from 1000 to 1 lakh INR.
Question. What are the job options after doing a Fintech course?
Answers. Some jobs that an individual can get after a FinTech course are Blockchain Developer, Apps Developer, Financial Analyst, Product Manager, Compliance Expert, Cybersecurity Analyst, Quantitative Analyst, Business Development Manager, etc.
Question. What are the required qualifications to work with a FinTech company?
Answer. The qualification required to work with a FinTech company are as follows:
- Financial service expertise
- Data analysis
- Cybersecurity
- Tech expertise
- Analytical and problem-solving skills
- Business development
Question. What are the top FinTech companies in India?
Answer. The top Fintech companies in India are Paytm, CRED, Policy Bazaar, Mobikwiw, Free charge, Ola money, ETMoney, PayU, Zerodha.
Question. What are the top FinTech companies to work with?
Answer. The top companies to work with are as follows
| SoFi- social finance | Robinhood |
| PayPal | Square |
| Bill guard | Paytm |
Question. What is the average salary after doing a FinTech course?
Answer. The average salary is INR 8.75 lakh per annum after completing a FinTech course.
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