OVERVIEW
What is a Fintech Business Analyst?
Fintech business analysts work with diverse teams to make complex financial information more accessible to both organizations and their customers. They review and report data, perform quality assurance, and forecast financial trends for banking, investing, telecommunications, and other related industries.
Most fintech business analysts complete a bachelor’s degree in business, IT, or a similar field and may go on to earn a master’s degree in data analytics. Some acquire certification in areas like data management and data analytics.
RESPONSIBILITIES
What Does a Fintech Business Analyst Do?
Fintech business analysts work in many different specializations. Some analysts help develop cryptocurrency while others work for credit card companies. Fintech business analysts usually serve as advisors to business or IT specialists because they are adept at merging financial and technological concepts and processes in ways that make sense to consumers.
Generally, fintech business analysts perform the following day-to-day tasks:
- Conducting comprehensive business analyses.
- Assisting project and product managers and UI/UX experts in their respective roles.
- Helping to draft user stories.
- Writing, maintaining, and optimizing reports for relevant stakeholders and departments.
- Facilitating operations concerning company products and services.
- Consulting with product management leaders regarding client meetings and other client business.
- Maximizing user experience by streamlining and improving processes.
- Engaging in market studies to define consumer needs.
- Collaborating on projects, both with clients and internally.
- Ensuring that projects are delivered on time and within budget.
EDUCATION & BEST DEGREES
How Do I Become a Fintech Business Analyst?
As you prepare for a fintech business analyst career, think about the type of degree you’d like to explore and the kind of work experience you’d prefer. Then, consider the following steps:
- Earn a bachelor’s degree in business, computer science, finance, data analytics, or a similar subject.
- Apply for a job or internship in a field related to your degree to learn useful career skills.
- Earn relevant industry certification, especially in IT subjects like computer science, data management and analytics, or network engineering.
- For higher-level fintech analyst positions, earn a master’s degree in finance, data analytics, or a similar area.
Best Degrees for a Fintech Business Analyst
Technology
Computer Science – B.S.
Problem solvers and math lovers needed! Your task:...
Problem solvers and math lovers needed! Your task:
Lay the groundwork for the computing breakthroughs that will enable tomorrow's technologies. Utilize your previous college courses or IT experience to help you complete your degree faster.
- Time: 60% of graduates in similar programs finish within 24 months.
- Tuition: $4,085 per 6-month term.
- Courses: 37 total courses in this program.
You'll have the opportunity to earn these certifications:
- Linux Essentials
- Axelos ITIL Foundation
Skills for your résumé that you will learn in this program:
- Artifical Intelligence (AI)
- Machine Learning
- Logic
- Architecture and systems
- Data structures
- Computer theory
- Version Control
- Linux
Technology
Data Analytics – B.S.
Lean into data, and walk away with a cutting-edge online degree:...
Lean into data, and walk away with a cutting-edge online degree:
- Time: 62% of graduates finish within 36 months.
- Tuition and fees: $3,835 per 6-month term.
- Courses: 39 total courses in this program.
Certifications in this program at no additional cost include:
- AWS Cloud Practitioner
- CompTIA Data+
- CompTIA Project+
- Udacity Nanodegree—a unique, highly recognized credential designed to prepare you for a career in data science
- MSI Change Management (Optional Certification)
- Certiprof Design Thinking Professional Certificate (Optional Certification)
Skills for your résumé that you will learn in this program:
- Data management
- Data wrangling
- Statistical analysis
- Visualization
- Leadership and management
- Model deployment & storytelling
Business
Finance – B.S.
This online finance program is career-focused so you will gain relevant...
This online finance program is career-focused so you will gain relevant industry skills.
- Time: 62% of graduates finish similar programs within 24 months
- Tuition: $3,755 per 6-month term
- Courses: 41 courses in this program
Some careers and jobs this business degree will prepare you for:
- Management
- Accounting
- Finance
- Spreadsheets
- Financial Analysis
- Problem Solving
The competency-based model at WGU allows you to move as quickly as you can master the material, and do your coursework on your schedule. Flexibility is key with the B.S. in finance at WGU.
How Much Does a Fintech Business Analyst Make?
$88,569
Fintech business analyst salaries vary based on level of education, work experience, location, and other factors. According to ZipRecruiter.com, the average annual salary for fintech analysts in the U.S. is currently around $88,569. The top 10% of earners make $123,500, while the bottom 10% earn $49,000.
What Is the Job Outlook?
8%
The U.S. Bureau of Labor Statistics (BLS) states that employment of financial analysts is projected to grow by 8% from 2022 to 2032, which is faster than the average for all occupations. Due to the consistent digitization of financial services, around 27,400 openings for fintech business analysts are projected each year on average over the decade. This means that now is a great time to begin or continue your path to a fulfilling fintech business analyst career.
SKILLS
What Skills Does a Fintech Business Analyst Need?
Fintech business analysts are proficient at thinking critically and using dedicated fintech software that helps them do their job efficiently. The following are essential hard and soft skills for fintech business analysts:
- Knowledge of digital banking, investing, insurance, and risk management principles. These principles make up the foundation of any successful career in the fintech industry.
- Awareness of company infrastructures, products, and services. Fintech business analysts do better work when they understand company offerings and the marketing strategies required to make a profit.
- Familiarity with SCRUM, an established model designed to streamline team-oriented projects. Staying up to date on collaboration and teamwork best practices will help fintech business analysts develop healthy working relationships and optimize project workflows.
- Communication and interpersonal skills. Strong written and verbal communication are invaluable for fintech business analysts as they correspond with team members, leaders, and stakeholders.
- Command of the following fintech software and conceptual tools:
- Microsoft Visio: A diagram processor used to help visualize data and trends.
- Unified Modeling Language (UML): A standardized way to portray simple diagrams for complex systems.
- Business Process Model and Notation (BPMN): A representation of business processes via diagrams and flowcharts.
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