Master’s in Financial Technology: Top Universities, Syllabus and Jobs
FinTech industry is booming. It is a mixture of technology and innovation that sets this industry apart from other major financial sectors. The industries utilise financial technology to enhance the management of their economic activities. Examples of the FinTech industry are cryptocurrency, mobile banking and online payments.
In this blog, you will learn about how you can pursue a master’s in financial technology, which universities offer courses related to this industry, and what job prospects there are after seeking one in the future.
Why Pursue a Master’s in Financial Technology?
A Master’s in Financial technology opens doors to exciting career opportunities. Here are some key reasons to consider this path:
- Deepen your knowledge in this versatile field: This specialised programme is designed to give you a thorough understanding of the FinTech industry. You’ll learn how technology is transforming the financial industry, making you a skilled professional.
- High demand, ample opportunities: The FinTech industry is booming, creating a significant number of new jobs. A master’s degree in financial technology equips you with the necessary qualifications to be a strong candidate for these in-demand positions.
- Develop a diverse skillset: FinTech isn’t just about finance. This master’s program in financial technology exposes you to a wide range of disciplines, including app development, product management, and cybersecurity analysis. You’ll graduate with a well-rounded skillset applicable across various FinTech specialisations.
- Become a changemaker: By entering the FinTech field, you’ll contribute directly to the global digital revolution of financial systems. Your expertise will play a role in shaping the future of finance, making it more accessible, efficient, and secure for everyone.
Top Universities to Pursue Masters in Financial Technology
A significant number of universities worldwide now offer specialised Master’s degrees in Financial Technology (FinTech). These universities are designed to provide you with the knowledge and skills needed to succeed in this field. We are providing you with a list of top universities for MS in financial engineering:
| University | Course | Duration | Fees |
|---|---|---|---|
| NYU Stern | Master of Science in FinTech | 1 Year | $87,800 |
| Imperial College London | MSc Financial Technology | 1 Year | £45,400 |
| Nanyang Technological University | Master of Financial Technology | 1 Year | SGD 57,770 |
| University of Birmingham | MSc Financial Technology | 1 Year | £31,779 |
| University of Greenwich | MSc in FinTech and Finance | 1 Year | £19,950 |
| Hong Kong University | Master of Finance and Financial Technology | 1 Year | HK$ 462,000 |
| University of SalfordUniversity of Salford | MSc Financial Technology | 1 Year | £16,560.00 |
| University of Surrey | MSc in FinTech and Policy | 1 Year | £25,400 |
| University of Kent | MSc FinTech | 1 Year | £20,000 |
| University of Stirling | MSc Financial Technology | 1 Year | AED 50,000 |
Course Structure for Masters in Financial Technology
Here is a list of basic syllabus for master’s in financial engineering:
- Introduction to Fintech
- Programming skills
- Cryptocurrencies, payments, and blockchain
- Cybersecurity
- Digital and alternative finance
- Artificial intelligence and machine learning
- FinTech regulations
- Data and FinTech
Rewarding Career Paths with a Master’s in FinTech
A Master’s in financial technology bridges the gap between finance and technology, opening doors to a diverse and exciting range of careers. This programme equips you with a deep understanding of financial services and the skills to develop innovative solutions for emerging challenges.
Specialise in a Thriving Industry: With a Master’s in financial technology gegree under your belt, you can pursue rewarding careers in various fields, including:
- Blockchain Developer: Build and manage secure digital ledgers using blockchain technology, a core component of many FinTech applications.
- Financial Manager: Leverage your combined financial and technological expertise to manage financial operations within FinTech companies.
- App Developer: Design and develop mobile applications that revolutionise how people access and manage their finances.
- Quantitative Analyst: Apply mathematical and statistical models to assess financial risks and opportunities within the FinTech masters.
- Data Analyst: Use valuable insights from vast datasets to inform strategic decision-making in FinTech firms.
- Cybersecurity Analyst: Protect sensitive financial data by identifying and mitigating cyber threats within FinTech systems.
- Compliance Expert: Ensure FinTech companies adhere to relevant financial regulations and legal frameworks.
- Product Manager: Lead the development and launch of innovative FinTech products that meet the needs of customers.
| Job Post | Average Salaries (per year) |
|---|---|
| Blockchain Developer | $80,000-$100,000 (INR 66 Lakhs-83 Lakhs) |
| Financial Manager | $77,000-$100,000 (INR 64 Lakhs-83 Lakhs) |
| App Developer | $51,000-$90,000 (INR 42 Lakhs-75 Lakhs) |
| Quantitative Analyst | $100,000-$200,000 (INR 83 Lakhs-1.6 cr) |
| Data Analyst | $400,000-$10,00,000 (INR 3 cr-8 cr) |
| Cybersecurity Analyst | $83,000-$100,000 (INR 69 Lakhs-83 Lakhs) |
| Compliance Expert | $63,000-$100,000 (INR 52 Lakhs-83 Lakhs) |
| Product Manager | $95,000-$200,000 (INR 79 Lakhs-1 cr) |
Eligibility for a Master’s in FinTech: What You Need to Apply
Requirements for a Master’s in FinTech vary between universities, so it’s important to check their official websites for specific details. However, some general criteria apply to most programmes:
- Bachelor’s Degree: You’ll need a Bachelor’s degree in a relevant field, such as finance, economics, computer science, or mathematics. Each university will also set the minimum grade point average (GPA).
- Work Experience (Optional): Some universities may require relevant work experience in finance or technology, but this is not mandatory.
- English Language Proficiency: If English isn’t your first language, you’ll likely need to demonstrate proficiency through an English language test like IELTS (6.5), with a score that meets the university’s requirements.
- GMAT/GRE Scores (Optional): Some universities might require scores from the GMAT (700-740), GRE (320), or GMAT Focus (705).
Also read – Ways to Fund your Overseas Education
Application Process
Once you’ve confirmed your eligibility, here’s a step-by-step guide to applying for a Master’s in FinTech:
- Gather Your Documents: Collect official transcripts from your previous studies, including high school and any English language proficiency tests or GMAT/GRE scores (if required).
- Prepare Supporting Documents: Write a Statement of Purpose (SOP) outlining your reasons for pursuing a FinTech Master’s and your career goals. You’ll also need Letters of Recommendation (LOR) from professors or employers and possibly an updated resume or CV.
- Research Universities: Visit your university’s official websites to review their specific eligibility criteria and application process.
- Register and Apply Online: Once applications open, register on the university website and complete the online application form with your personal and academic details.
- Upload Documents: Upload all the necessary documents, including transcripts, SOP, LORs, and any other required materials.
- Pay Fees and Submit: Pay the application fee and submit your complete application electronically.
- Wait for Admission Decision: Universities will review applications and notify you of their decision in due course.
- Secure Funding and Visa: If accepted, arrange funding for your studies and start the visa application process to study abroad.
Conclusion
FinTech industry has grown in recent years. The payment you make from your UPI is also a part of the fintech industry. Pursuing a master’s in financial technology will elevate your career, and you will be the most sought-after candidate by recruiters. We provided you with all the necessary information related to this course so that you can decide which university is best for you to pursue this course.
FAQs
Is it better to get a master’s degree or take professional courses for a career in FinTech?
The best choice depends on your experience and goals. A Master’s provides a broad foundation and advanced knowledge, while professional courses offer targeted skills for specific FinTech areas. If you’re new to FinTech, a Master’s might be a good start. With existing experience, professional courses can enhance your skill set.
Is doing an MSc in FinTech good in Ireland?
Yes, Ireland has universities like Dublin Business School and the National College of Ireland, which offers master’s in financial technology. Along with that, Ireland is more affordable in terms of cost of living than other countries.
How to start a career in financial technology?
Explore your options! Research FinTech roles and identify areas of interest. Consider relevant work experience, internships, or volunteer work in FinTech companies. Develop your technical and financial skills through online courses, workshops, or certifications. Network with professionals in the field to gain insights and build connections.
Are there any universities offering master’s in financial technology?
Yes, there are a plethora of universities that offer master’s degrees in financial technology. Universities like London Business School, the University of Greenwich, and Dublin Business School are some of the universities that offer this course.
Are a master’s in finance and a master’s in financial technology the same?
No, they are not similar degrees. Both have different focus areas that cannot coincide. A master’s in financial technology is more focused on technology, while a master’s in finance is a more broader course.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
