Should FinTech Companies Hire Bootcamp Graduates?
This guest post was written by Artur Meyster (CTO at Career Karma)
Both large companies and startups alike have realized the many benefits of hiring bootcamp graduates. In fact, due to the highly-focused learning environment in alternative education, 61% of bootcamp graduates feel they are better prepared to enter the tech industry upon graduation, compared to 36% of those from four-year colleges.
As the tech industry grows, demand for talent increases. Due to the practical skills taught in coding bootcamps, bootcamp graduates are quickly becoming a highly sought-after talent pool. As a result, the bootcamp market is expected to grow exponentially this year and beyond.
How a Bootcamp Can Accelerate Your Career in FinTech
The fintech industry reached $32.6 billion in funding for major advancements in the sector by the end of 2018. Today, we witness a revolution in a financial sector still expected to grow rapidly. Recently, Trilogy Education launched a program to partner with several universities and technology companies to close the skills gap in the fintech sector to accommodate growing industry trends.
Bootcamps help to fill the skills gaps in fintech roles and beyond. The skills you learn in a bootcamp such as Python programming, machine learning algorithms, smart contracts, blockchain, and financial libraries are transferable to a wide array of sectors.
How Difficult is the Transition to FinTech?
Whether you are just starting your journey in the technology industry or a seasoned professional, your success is going to depend on numerous factors. However, the number one factor is your determination and commitment to advance your career and yourself into a new fintech role.
If you are new, learning how to code is not exactly a walk in the park. Learning to code is going to be challenging. Then again, so is any type of advanced educational degree. The difference is the high-transferability of your newly acquired skill set as compared to other degree programs.
Before you jump into committing time and money to learn how to code, try a few free coding bootcamps to test your interest. Once you have decided on a profession you want to pursue, learn more about how to pay for coding bootcamp.
Best Coding Bootcamps for FinTech
Now that you better understand the amazing opportunities available in the growing fintech sector, gauged your interest in the field, and figured out how to pay for a fintech bootcamp, you can now learn about the variety of programs available.
Many of the best coding bootcamps offer skills in financial fundamentals (Advanced Excel, financial ratios and analysis), Python programming (Python 3, Pandas, Jupyter Lab), financial libraries (NumPy, SciPy, Ffn), algorithms, statistics and modeling, machine learning, blockchain, and cryptocurrency.
If you are still not convinced whether a career in fintech is right for you, take a look at the predictions made at the SF Bay Area FinTech Week 2020 to help you decide. Doing so will give you better insight into the industry and may help you determine which direction you want to take.
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Artur Meyster is the CTO of Career Karma (YC W19), an online marketplace that matches career switchers with coding bootcamps. He is also the host of the Breaking Into Startups podcast, which features people with non-traditional backgrounds who broke into tech.
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