Fintech master’s programs are exciting and innovative. The introduction of AI has unlocked new possibilities for how technology merges with finance and business. In fact, according to the Boston Consulting Group, the fintech market is expected to reach $1.5 trillion in revenue by 2030. With so much potential, fintech is a highly sought-after field for graduate degrees. Keep reading to answer some common questions you might have about an advanced degree in fintech and the return on investment.
Who Can Get a Master’s in Fintech?
Fintech is a versatile degree designed for anyone passionate about the use of technology and finance. While admissions requirements vary by institution, most graduate programs will look for candidates with their undergrad completed (or on track to do so), and foundations in quantitative and analytical skills.
As the fintech industry continues to grow, so do the opportunities. Here are some common types of people that seek out this degree:
- Finance professionals. Those currently working in a finance-based industry may want to expand their skills to broaden the opportunities for advancement in their field.
- Tech enthusiasts. People with a background in technology, such as computer science, programming, or data analytics, who want to use their skills in the finance sector are good candidates for this program.
- Business graduates. Business students who want to specialize in an upcoming and relevant industry may be interested in fintech master’s programs.
- Entrepreneurs. Individuals who are looking to launch startups in financial industries such as cryptocurrencies, digital payment platforms, or financial services providers, may consider getting degrees in fintech.
What Does a Master’s in Fintech Entail?
If you have been out of school for several years, you may be wondering what types of courses you can expect to take while getting your master’s in fintech. While every fintech program is different, many will involve the following:
- Foundational courses. Topics will most likely include courses in AI and machine learning, business fundamentals, and introductory programming.
- Math. You will most likely take courses in topics such as financial mathematics, risk and valuation, and/or statistics.
- Analytics. Expect classes such as data science, business intelligence, database development, and financial analytics.
- Fintech development. You may take courses that study the development of fintech systems and platforms, such as payment apps, trading algorithms, application programming interfaces (APIs), data security software, AI-driven automations, and others.
- Research projects. Many master’s programs require a capstone project or research component. You may need to come up with your own idea or select from ones provided by your university. These projects often involve solving real-world problems in fintech, and students typically collaborate with a faculty advisor or team to develop and implement their ideas.
Looking for a stand-out STEM Certified FinTech Program? WPI might have what you need.
How Much Money Can I Make With a Master’s Degree in Fintech?
According to the US Bureau of Labor Statistics, you will earn 16% more on average with a master’s degree than a bachelor’s degree. Of course, this number will fluctuate based on your industry and job title.
Despite a declining jobs market, fintech is one of the fastest-growing sectors in terms of employment, per an August 2024 report by CCN.com. The average fintech salary is $123,495, according to ZipRecruiter, but your earning potential may be even higher depending on your company and experience level.
Fintech is ripe with opportunities for those interested in obtaining their master’s. It is a degree sought by many different industries and sectors, making it a useful and versatile degree option.
What Jobs Are Available to Those With a Master’s in Fintech?
Because of the fintech degree’s versatility, the foundational knowledge and skills apply to almost every industry and business model. Here are some job types and average salaries that may be available to those with the degree, according to Payscale and ZipRecruiter:
- Director of fintech, $117,072
- Fintech manager, $116,373
- Fintech compliance manager, $98,949
- Fintech business analyst, $98,662
- Fintech sales manager, $81,617
- Fintech product manager, $108,780
- Regulatory technology (regtech) specialist, $105,934
Whether you’re looking to change your degree entirely or just add to your skills, a master’s in fintech can be a lucrative career move. Explore WPI’s fintech on-campus degree option.