Learn More About FinTech Bootcamps & in New Jersey
Financial technology—often abbreviated as FinTech—is a term used to refer to the use of technology in financial products and services. It is focused on applying technological innovation to the delivery of financial services and includes many different products, ranging from mobile banking apps to blockchain technology. According to Merriam-Webster, the term was first used in 1971. However, it was in the 2010s—when the use of internet-based services exploded—that FinTech started to become popular. Today it is commonly used by both individuals and businesses.
What Can You Do with FinTech Bootcamp Training?
In this digital age, technology is transforming the financial industry, and FinTech skills are becoming more and more valuable. With FinTech training you could find a job in many different areas, including financial modeling, customer experience, data analysis, and security. In a recent Built In article titled, “11 In-Demand FinTech Jobs, ” the author explains that there are a large and continually-expanding number of opportunities in FinTech because the industry is experiencing so much growth. She says, “For those who are interested in working in the FinTech industry, there are many different ways of getting involved.” She reports that current in-demand positions include roles in customer support, user experience, data analysis, machine learning, and compliance.
What Will I Learn in a FinTech Bootcamp Class?
Every FinTech bootcamp is unique, however, most will cover a similar set of fundamental skills. This includes coding and basic financial concepts, machine learning, and blockchain technology. You’ll also develop your problem-solving skills.
Coding
A typical FinTech bootcamp covers fundamental coding skills. To work in this field, you may not need extensive coding knowledge, however, you will need at least some basic skills. For instance, you might learn coding languages like Python, SQL, Java, and C++.
Machine Learning
Machine learning is important to FinTech because it can help you uncover patterns and trends in large datasets. In a FinTech bootcamp, you’ll learn how to implement machine learning models and use them for a variety of purposes such as assessing risk.
Financial Concepts
FinTech is focused on the field of finance, so when you take a FinTech bootcamp, in addition to learning technical skills like coding, you’ll also learn a range of fundamental financial concepts and analysis techniques. For example, you’re likely to learn about payment methods, risk, and financial regulations.
Blockchain Technology
Blockchain technology is a decentralized mechanism that allows for secure, real-time information sharing. It is an essential part of FinTech, and during a FinTech bootcamp, you'll learn the principles of blockchain technology and how it is applied in financial transactions.
Problem-Solving
Problem-solving plays a crucial role in FinTech, as the industry is constantly evolving. People who work in this field need to continually come up with solutions to changing customer and security needs, and regulatory constraints. When you take a FinTech bootcamp, you’ll strengthen your problem-solving skills.
How Hard is It to Learn FinTech?
Most people say that FinTech is relatively difficult to learn. Not only will you have to master many technical skills—such as coding and machine learning—but you’ll also need a comprehensive understanding of finance, including many different concepts and regulations. Mastering all these concepts can take time, and many people find it challenging. However, with dedication and practice, almost anyone can learn FinTech. If you already have some knowledge of finance and/or coding, you’re likely to find the learning process substantially easier. If you’re concerned about the difficulty involved in learning FinTech, it can be helpful to enroll in a live bootcamp. With a bootcamp, an expert instructor will guide you through a comprehensive curriculum and can answer all of your questions and offer feedback to help improve your skills.
How Long Does It Take to Learn FinTech?
Many people say that they were able to learn the basics of FinTech within a matter of weeks, and become fairly comfortable with this field in a few months. However, your learning process will be unique and will depend on a variety of factors like your pace of study, your existing knowledge, and the area of FinTech that you are focused on learning. Most people find that if you want to learn FinTech quickly, a bootcamp is a great learning option. FinTech bootcamps are immersive, accelerated courses that are intended to cover all the knowledge and skills that you’ll need to master if you want to work in FinTech. Many bootcamps prepare students for entry-level jobs and offer career support services such as portfolio building and resume creation.
Should I Learn FinTech in Person or Online?
There is more than one FinTech learning path. If you want to take a FinTech class, you’re likely to find that you’ll have the choice between in-person and virtual learning. Each format has its unique advantages and disadvantages, and the choice depends on your learning goals and scheduling preferences. In-person classes are the traditional way to learn and remain popular because they are highly engaging. People also like that in-person instruction takes place in a dedicated classroom space that is free from outside distractions and offers real-time instruction and feedback, as well as the opportunity to interact with classmates. One drawback of this format is that you’ll need to commute to class, and you’re limited to classes that run in your city.
Virtual learning is another popular option. It comes in both live and asynchronous formats. With virtual learning, you don’t have to commute. Instead, you simply log on from your computer, from whatever location is convenient for you. This means that you’re likely to have more class options. If you take a live virtual class, you’ll still have all the benefits of live instruction such as the ability to ask questions and get feedback. If you opt for an on-demand option, you won’t have access to a live instructor, but you’ll have a lot more learning flexibility because you won’t have to attend at a set time. A disadvantage of virtual learning is that you’ll need to provide your own equipment. You may also find that this format requires a higher level of focus and accountability.
Can I Learn FinTech Free Online?
If you’re interested in FinTech, the internet can be a valuable resource. Free online material can help you get a better understanding of this field and gain some basic knowledge of the concepts and tools involved. For instance, Noble Desktop’s YouTube site has a variety of short, free videos that offer information about a variety of finance- and tech-related topics. However, FinTech is a complex subject that requires a lot of specialized knowledge, and if you’re serious about mastering it, you’ll probably find that you need to enroll in a formal bootcamp. With a formal course, you can be sure that you’re learning everything that you need to know and that your information is accurate and up-to-date, which is particularly important in a constantly evolving field like FinTech. You’ll also receive expert guidance and feedback to help improve your skills.
Industries That Use FinTech
FinTech is primarily used in the financial industry. According to the official website of the State of New Jersey, financial services is one of the state's principal industries. The site states that in 2023, over 230,000 people in New Jersey worked in the finance sector, making up 6.4 percent of all private-sector jobs. It also reports that, on average, this industry tends to pay well, with almost two-thirds of its workers earning more than $75,000 per year. Additionally, between 2018 and 2023, the average salary in the finance sector grew by more than 25 percent. About 55 percent of workers in the finance sector are male and about 45 percent female, according to the website.
FinTech Job Titles and Salaries
Software Developer
A Software Developer designs, creates, and maintains software and can work on a variety of different types of software in many different fields. This includes finance. The U.S. Bureau of Labor Statistics (the BLS), a federal agency that tracks employment data, predicts that between 2023 and 2033, job growth for Software Developers will be 17 percent, which is significantly faster than the average job growth rate of 4 percent. It finds that close to 120,000 people are employed in this field in the New York-Newark-Jersey City metropolitan area, and also reports that this is a top-paying metropolitan area. According to Indeed, a Software Developer in New Jersey earns an average annual salary of $100,000.
Data Scientist
Data Scientists collect large amounts of information and analyze it to discover actionable insights. Some Data Scientists specialize in FinTech, and spend their time working with financial data, using statistics and machine learning to analyze that data. Data Scientists also develop algorithms and models specifically for FinTech applications. The BLS predicts that between 2023 and 2033, data science jobs will grow by 36 percent. It finds that the New York-Newark-Jersey City area has the highest level of employment in the country for Data Scientists, at more than 16,000 people. According to Indeed, the average salary for a Data Scientist in New Jersey is $104,000.
Financial Analyst
Financial Analysts analyze financial trends and data and use their insights to help businesses make financial decisions. They need to be skilled at communicating, and also critical thinking. The BLS predicts that jobs in this category will grow by 9 percent over the next ten years. It finds that the New York-Newark-New Jersey metropolitan area has the highest level of employment of Financial and Investment Analysts in the country, with over 50,000 people employed. According to Indeed, Financial Analysts earn an average annual salary of $79,000 in New Jersey.
Machine Learning Engineer
A Machine Learning Engineer designs algorithms for machine learning models, which let machines function without human assistance. One specialization for this role is in FinTech, where they work with financial data. A Machine Learning Engineer is skilled in math, programming, data science, and problem-solving. According to Indeed, the average annual salary for a Machine Learning Engineer in New Jersey is $153,000.
FinTech Bootcamp Classes Near Me
Noble Desktop offers FinTech training. This school is based in New York City, but offers classes in a live online format as well. The FinTech Bootcamp is a multi-week program designed to give you the skills you’ll need for an entry-level job that involves FinTech such as financial or data analysis. You’ll learn a wide range of Python, SQL, machine learning, and data analysis skills including working with SQL query databases, using Python to create dashboards and visualizations, and building statistical models with machine learning. You'll also learn to use Python for financial analysis. In addition, you’ll work on a portfolio. Six one-on-one mentoring sessions are included. In 2024, the FinTech Bootcamp was recognized as one of the Best Online FinTech Bootcamps by Forbes Advisor.
Noble Desktop also offers a Financial Modelling Bootcamp, which covers finance and accounting concepts. In this multi-day course, you’ll also build a comprehensive discounted cash flow model in Excel, based on a real company. Students who want to take this class should have intermediate-level proficiency in Excel. For students who need to learn Excel first, Noble also offers several different Excel classes, including an Excel Bootcamp.
Another Noble Desktop option is the Data Science and AI Certificate, which covers Python, SQL, machine learning, and automation. In this course, you’ll learn Python fundamentals and how to use Python’s data science libraries, write database queries, and use Python for automation. You’ll also learn how to use your data to build machine learning models, and you will learn about creating dashboards and visualizations. In addition, you’ll work on real-world projects that align with industry standards. The course comes with six one-on-one mentoring sessions.
The University of Chicago offers a FinTech Accelerated Bootcamp, which is a multi-week course that covers a broad range of FinTech skills. In the first part of the course, students learn about challenges, opportunities, and regulations in FinTech, with instructors using many real-world examples. There will also be industry speaker sessions. After that, there is a one-week review to ensure that students have mastered key concepts. The course concludes with a three-week final project, which includes extensive instructor feedback.
UC Berkeley also offers an online FinTech course, which is titled Berkeley FinTech: Frameworks, Applications, and Strategies. This is a multi-week course that covers both financial and technology skills. Students learn about tools, trends, and current innovations in the field. Instructors also cover notable FinTech organizations and new business models. In addition, students learn about factors that predict success and frameworks for identifying opportunities. Case studies and real-world examples are incorporated throughout the course.
The Wharton School, which is part of the University of Pennsylvania, also offers an online FinTech program. Foundations and Applications of Financial Technologies Specialization is a certificate course that is designed to give students a better understanding of financial technology. The program is made up of four multi-week courses that cover a variety of FinTech topics including regulations, crowdfunding, Robo-advising, financial regulations, cryptocurrency, blockchain, and peer-to-peer lending.
FinTech Corporate Training
Having employees trained in FinTech can be an advantage to almost any company, and Noble Desktop provides several convenient corporate FinTech training options. Courses run in-person at Noble Desktop’s modern Manhattan computer lab, onsite at your company, or through remote training sessions. You can choose from a list of pre-existing courses, or create a custom course to meet your needs. All Noble instructors are also industry professionals. Course participants receive comprehensive support materials to reinforce what they learn in the training.
Another FinTech training option is to purchase options for Noble’s regularly scheduled public enrollment classes, which run in-person in New York City, or live online. With this option, your employees can choose a class that fits with their schedule. Noble Desktop offers a discount with bulk voucher purchases. Email Noble Desktop to receive more information about corporate training options.