Financial technology (FinTech) is a term used for combining two words: finance and technology, and strives to improve and automate the use and delivery of financial services. Considered the synergy between finance and technology, FinTech has changed the landscape of how people utilize every aspect of banking and other financial services.
Examples of FinTech in action include online banking, PayPal, mobile payments, investing and the stock market, cryptocurrency, and other similar online financial transactions. The methods used in FinTech include the use of smartphones for mobile banking, algorithm-driven investing, and creating easier ways for use by the general public and professionals.
The financial industry is changing so rapidly that some companies pay to send their employees to FinTech bootcamps because there aren’t enough job candidates with already established FinTech skills. As the consumer market continues to demand more from their finance apps and online financial platforms, the need for experienced FinTech experts continues to skyrocket. For those hungry to get in on the scene and are ready to take on an immersive, comprehensive session, FinTech bootcamps are a great choice.
FinTech bootcamps prepare graduates for a career in the field immediately upon completion, providing real-world skills versus time-consuming theoretical study. With hands-on training in financial analysis, algorithm trading, and automation techniques, graduates of bootcamps kick-start a new career path or upskill a current role.
Examples of the areas of focus offered in FinTech bootcamps include Python for data science, financial modeling, blockchain specialty bootcamps, and more. Since FinTech is one of the fastest-changing careers today, keeping up-to-date with emerging issues in the field is critical, and bootcamps are the best way to learn career-relevant skills.
Indianapolis Careers for FinTech Bootcamp Graduates
Careers in FinTech offer job security and an exciting way to see an ever-evolving field up-close. The FinTech industry operates within a broad market, touching every area of the financial sector. It also reaches individuals as they turn to online banking and other day-to-day tasks such as inserting a credit card to be read at a checkout stand.
The future of FinTech is auspicious. Global investments in FinTech firms reached $5.3 billion in just one year, demonstrating how confident investors are with these finance methods. Forbes has crowned FinTech as “the new normal in finance, ” joining many other highly respected media recognizing the value of the industry.
A career in FinTech is perfect for those who have both basic programming fluency in languages such as Python and a solid grasp of statistics and other math-related subjects. Skills such as experience with security, privacy, and scalability help a candidate gain a foothold in the world of financial analysis, financial ratios, and time-series analysis. Other talents that set candidates higher than their competition include proven success in executive-level business roles, additional education including college level and above, excellent communication, and flexibility.
The best way to break into this in-demand field and gain real-world experience is through a FinTech bootcamp. The majority of those who win jobs in any sector of FinTech are those who have attended the bootcamp that fits their career goals. Graduates of bootcamps have an advantage over competitors since employers have the confidence to know they’ve hired the most prepared candidate for the job. Additionally, graduating from a bootcamp means entering the field faster and with less financial outlay than attending a four-year program.
Indianapolis is jumping on ways to allow FinTech to improve life for its residents. The city’s governmental agencies are turning almost entirely to online services as residents are now able to pay their bills, schedule appointments, and interact with all government services from a mobile device. With a city dedicated to both its residents and those working in FinTech, anyone in the field would enjoy the low cost of living the metro area provides.
The salaries for any specialized area of financial technology are sky high and still heading upward. A Financial Analyst can expect a starting salary of around $62,000 if they have experience in training such as bootcamps. For higher-level specialties such as data science, those professionals usually see six-figure salaries.
In-Person FinTech Bootcamps in Indianapolis
Some people enjoy learning outside of their homes in the same room as their classmates. This kind of learning environment is available with in-person classes and bootcamps.
Although there are no in-person FinTech bootcamps in Indianapolis yet, there are sure to be some soon, as the uber-hot career grows. In the meantime, consider having a look at all of the courses offered online.
Virtual FinTech Bootcamps
Virtual FinTech bootcamps are in-depth and comprehensive experiences taught live online by professionals currently in the field. Virtual bootcamps are perfect for students who want to join this fast-growing field with real-world skills necessary to find a job quickly. One advantage of taking a live FinTech bootcamp online is the ability to ask questions and have them answered in real-time and share their computer screen with the instructor for help with assignments. These bootcamps are based on real-world datasets and stock trading, so students build relevant experience for future careers. Often, those interested in a FinTech bootcamp need basic-to-intermediate Python skills before enrolling. However, each bootcamp has different requirements—find the one that fits your skills and goals best.
Noble Desktop, the creator of this tool, offers a FinTech Bootcamp taught by expert finance and data science professionals. Students enrolled in this high-powered bootcamp learn how to use Python for financial analysis, machine learning, automation, and algorithmic trading. By the end of this sixty-hour course, graduates are ready to succeed on the job from day one.
Another option is Noble’s Python for Finance Bootcamp. Students learn how to analyze large amounts of financial data with Python, create visualizations, and start using statistics for predictive modeling. The bootcamp also looks at major Python financial libraries to gather and manipulate financial data. Students work with financial APIs to fetch financial, company, and economic data. Attendees also analyze financial statements from the SEC website, including financial ratios derived from income statements and balance sheets.
For an intensive data science class covering automation, machine learning, and other advanced processes, students can consider a Data Science Certificate from Noble Desktop. Students working on this certificate learn essential programming skills for manipulating databases and performing multiple levels of analysis on data. Participants learn Python programming fundamentals and how to use NumPy, Pandas, and Matplotlib to analyze data. Additionally, students become proficient in reading and writing complex queries and automating tasks. This course is beginner-friendly, and graduates in this program are prepared to seek entry-level Data Science and Python Engineering positions.
Sabio presents a look into the fascinating world of Blockchain Development in their introductory course. This class on Blockchain covers the Ethereum blockchain, innovative contract development, DAPP development, and how to create private blockchains. In this four-week program, students become prepared to create original blockchain contracts and distributed applications with a functional development environment that allows for long-distance productivity.
Practical Programming holds a FinTech Bootcamp and programs in Python, Data Science, Machine Learning, Web Development, JavaScript, Blockchain, and SQL. Their FinTech Bootcamp includes essential information about using Python for financial analysis, machine learning, and algorithmic trading from instructors currently working in the field.
NYIM Training’s SQL Bootcamp can turn a beginner into a confident SQL user, with the ability to write queries, manipulate tables, and store advanced code. Students are taught relational databases and SQL fundamentals, concluding the bootcamp with a mastery of complex retrieval tasks and how to store complex code. Topics included in the bootcamp are composing queries, creating a SQL database, and automating workflow with stored procedures.
NYC Career Centers SQL Bootcamp spans three days and is a beginner-friendly course, allowing students to move from novice to professional-level SQL Programmers in comprehensive sessions. Students are first introduced to an overall view of SQL, including relational databases, the graphical user interface (GUI), and basic coding. Next, students learn queries and subqueries using JOINS, math and logic functions, as well as variable and user functions. Finally, attendees move through importing and exporting data, building control structures, temporary tables, and stored procedures.
There are other bootcamps for prospective students to consider for Data Science sessions from schools such as Holberton, Sabio, and the NYC Data Science Academy.
The Machine Learning & Automation for Finance Bootcamp, offered live and online by Noble Desktop, is one of the best ways to get into the field of FinTech in a fast-paced, experiential experience. FinTech career areas that graduates enter include risk management, reporting, general financial management, and financial investments. Using historical data with the student’s previous experience in Python’s data science libraries such as NumPy and Pandas, students discover techniques of predicting risk, the value of data to the company, and which stock investments are a wise choice. The bootcamp goes deeply into advanced FinTech concepts and includes career coaching, leaving graduates confident that they’ll find the right position quickly.
The Algorithmic Trading with Python Bootcamp is designed for existing traders, new traders, or anyone interested in learning how to invest using algorithms. Automating investments is vital for stakeholders, and graduates of this bootcamp will know the ins and outs of analyzing and presenting data. Examples of topics include how to connect Python scripts with online trading brokerages, placing and querying stock orders, and learning trading strategies such as exponential moving average, moving average convergence divergence, and backtesting strategies.
FinTech Classes in Indianapolis
FinTech is a field that is moving at lightning speed with new developments every day. FinTech classes provide the latest information about the subject while not as long or intense as a bootcamp. Classes are also an excellent way to identify strengths in specific specialty areas of FinTech.
Certstaffix Training holds FinTech classes in an Indianapolis computer lab with a remote instructor leading the way. Since these classes are live, students have their questions answered in real-time, and the equipment provided in the computer lab is pre-loaded with the latest technology.
Certstaffix Training offers two levels of SQL training: SQL Querying Basic and SQL Querying Advanced. The first-level course explores database concepts such as grouping and summarizing data, joining tables, and clauses. The following advanced-level course builds on the foundational SQL course and teaches students how to compose advanced queries in SQL, based on Microsoft’s SQL Server. Students learn how to write advanced WHERE clauses and create advanced joining tables, along with other important topics.
Noble Desktop’s Machine Learning & Automation is an online class that thoroughly prepares students to use Python and machine learning tools to analyze historical data and predict future outcomes. This course is perfect for those who already have Python skills and want to learn how to value a company, invest in a stock, or better predict risk. A wide range of topics includes studies of object-oriented programming and regression models, building a predictive returns model using regression, looking at financial statements, and assessing ratios. The course includes mastering all of the fast-advancing tools that are used in this uber-hot field.
Algorithmic Trading with Python is perfect for new stock traders or existing ones who want to boost their strategy with automation. With the pace of financial transactions moving faster every day, automating trading strategies and overseeing portfolios in the most advanced way is what gives the professional an edge. In this class, students learn how to connect their Python scripts with an online trading brokerage firm and how to place and query stock orders. Moving forward, more advanced trading strategies are covered such as EMA, MACD, and backtesting.
Choosing a FinTech Bootcamp
FinTech is the future of all financial operations and a relatively new and ever-evolving industry. Enrolling in a bootcamp is how those ready to commit to an immersive program prepare to join the field in less time and at less cost than a traditional advanced degree program. Since bootcamps pack a lot of information into a short time frame, choosing the right one can be difficult. Noble Desktop, the creator of this tool, has listed some things to consider before enrolling.
Research and reflection will ensure that the potential enrollee finds the right bootcamp for them. Before making a choice, some things to consider include deciding if learning FinTech is the right path for the career field the student is interested in or if it might provide a boost in a current career. Some employers pay for the added amount of FinTech information a bootcamp offers, which is an advantageous financing option.
Other questions prospective students should ask themselves are, “At what level should I start?” “Do I want to take a bootcamp in-person or a live, online course?” and “Do I want to attend full-time or part-time?” These questions may not be easy to answer initially, but they will help when finding a pathway to an ideal career.
There are definite advantages when taking bootcamps in-person such as being in a classroom with one-to-one instruction where you can take part in a truly immersive environment. Online bootcamps have the convenience of flexible scheduling for busy people who find it easier to choose where they take their course. There is no single right or wrong answer—everyone will have a different set of priorities when determining which kind of bootcamp to take.
Some bootcamps provide financing opportunities so that you don’t have to pay your tuition all at once. Others offer scholarships or seasonal discounts. Most bootcamps provide career coaching and mentorship, invaluable for finding a position in FinTech.
Be sure to check each school that offers an attractive bootcamp and become familiar with any prerequisites or special application processes that may be needed.