A growth sector is a sector of the economy that experiences a higher-than-average growth rate compared to other sectors. Growth sectors are often new or pioneer industries that did not exist in the past, like FinTech. But not always, there are some priority sectors that still grow and require a large amount of staff and skills like health care and construction.
Growth sectors can be a dynamic place to start a career, and will offer more long term opportunities than say retail or warehousing; both of which is seeing technology, robotics, and automation replace low skilled roles.
Sectors that are growing offer many opportunities for career advancement and professional development, as well as the chance to work on innovative projects and make a real impact on people’s lives, so let me tell you about the opportunity in FinTech...
What is FinTech?
FinTech is a short way of saying financial technology, it's a rapidly growing sector that has been revolutionising the financial services with its innovative solutions.
It's the creation of smart software and apps to do things with money; like paying bills, buying insurance, sending money to friends, or investing in shares and crypto. This is now far faster and easier than old traditional ways. Think: Robin Hood, Monzo, Revolut, Cash App etc.
Why should school leavers consider careers in FinTech?
School leavers should consider careers in FinTech because it is a growing and exciting industry that offers many opportunities for ongoing learning, innovation, and impact.
🔒 High Job Security: As the sector continues to grow, more companies will be looking to hire more people, more skills are in need than is available to meet the demand already! If you have the skills; software programming, advanced digital skills, data, business analytics etc. you could be really appealing to many businesses, increasing your chances of job security.
💡 Innovative Environment: FinTech offers the chance to work in a highly collaborative and innovative environment, for not only those seeking a creative challenge but for those looking for opportunities to play a part in leading edge innovation and exciting solutions.
📈 High Growth Potential: Such innovations a typically high-growth and offer ample opportunities for career advancement. Many FinTech start-ups are well funded and always looking for talented employees to help them scale.
😍 Impactful Work: FinTech is changing the way people interact with money and finance. Often democratising finance and improving access to solutions in your own community or across the globe. You may have an opportunity to make a real impact on people’s lives by creating innovative solutions that make financial services more accessible and efficient.
🤔 Diverse Career Opportunities: FinTech is a multidisciplinary field that requires a wide range of skills, including computer programming, data analysis, marketing, and finance. This means that there are many different career paths available, making it an excellent choice for school leavers who are still exploring their interests.
Exploring FinTech Careers
You can start by learning more about the sector, the skills required, and the job opportunities available. Here are some links to help you get started:
Is it Just Finance Roles in FinTech?
No not at all, FinTech is a multidisciplinary field that requires a wide range of skills, including computer programming, data analysis, marketing, and finance. Meaning, there are many different career paths available, making it an excellent choice for school leavers who are still exploring their interests.
Some of the popular roles associated with fintech include data scientist, research analyst, software developer, data visualiser, machine learning expert, database architect, and system administrator. The FinTech industry offers not only an outlet for those seeking a creative challenge but unlike stagnant sector it provides opportunity for career growth and professional progression.
The Benefits of A Career in FinTech:
🚀 You can use your creativity and problem-solving skills to develop new solutions for financial challenges.
🚀 You could work with cutting-edge technologies like artificial intelligence, blockchain, and cloud computing.
🚀 You could be part of a diverse and dynamic team that shares your passion and vision.
🚀 You could have a flexible and rewarding career that allows you to balance your work and life goals.
Overall, FinTech is an exciting and rapidly growing industry that offers many opportunities for you. With its high job security, innovative environment, high growth potential, impactful work, and diverse career opportunities, FinTech is an excellent sector choice for anyone looking to start their career in a dynamic and fast-paced industry.
You've got this 😎✌️
Gem Hallett, miFuture Founder
miFuture.co.uk | @miFutureSkills