How To Seamlessly Switch From Your Current Job To A FinTech Profile?

There are close to 12.46 million full-time working professionals in Australia and nearly 119.5 million in the US. Most of them are somewhat unhappy with their work. Ever since COVID-19 hit the economy and took away millions of jobs, the happiness index among working professionals has further gone down significantly.

Most working professionals are unsure whether their skills will be needed anymore after the pandemic ends and the commercial world adjusts to new world order. Leading companies have already started firing their employees, most of whom had a family to feed and bills to pay. Now they are at the mercy of government-funded financial aid schemes, which no one knows how long will continue.

Even if you have an emergency fund in place and are managing to live a decent life at the moment, there is nothing wrong in getting ready for the future. As a working professional, look to add new skills to your resume so that you can grab better job opportunities once this dust settles down.

Since fintech has been a widely talked-about topic for years and most market experts believe that it's going to rule the world in the next 5-7 years, consider making a career switch to it immediately. If you have got a decent work experience (regardless of the industry), the road to building a stable career in fintech can be incredibly easy for you. Here are a few things you can keep in mind for a smooth transition from your current job to a highly rewarding fintech career.

Be Certain About Your Decision

If you are in your 30s or 40s and still want to switch to a new career for better growth, then you must be 100% sure about it. Doubting at this stage can ruin all your plans. Analyse your current earnings and how much you will be making 15-20 years down the line along with other benefits if you stay in your current job. Now compare these numbers with a suitable fintech profile you are aiming for. You can use the data published by many government agencies and private firms for this purpose.

Once you finish the comparison and believe that the new career you are planning to settle into is more rewarding, don't look back. Begin a new journey with all your might without having any confusion.

Be Smart & Take One Step At A Time

Now that you are clear with what you want, the next step is to strategize your move. You must already be getting a fixed income from your current job. The moment you choose to transition into a new career that's completely different, you are most likely to face two significant challenges — monthly income will stop for a while, and you may be asked to start from the bottom of the ladder.

While many can argue that they have an emergency fund in place to take care of the monthly income deficit, there is no excuse to starting from the bottom once again.

When you have already spent many years as a professional and reached a decent level, chances are your consciousness won't allow you to start from the bottom once again unless it's the only option left. This is where you can play smart and enroll into an online Masters in Fintech program at a recognized university. There are two benefits to this move:

● Most masters in fintech programs take 1.5-2 years to finish. They cover all the concepts (from basics to advanced level) that are needed for your career progression. You can spend a few hours every day along with your current full-time job to learn these fintech concepts over the next 24 months. A time period that's long enough to master many new skills without giving up the current job.
● When you choose to join a fintech course from a recognized university, you give yourself an extra two years of regular income. After completing the program, you can straightaway apply for a fintech profile independently or with the help of your university. This way, your transition into a new career becomes smooth without facing any financial issues.

Most fintech courses offered by leading universities are conducted online. So, you can continue with your present job and side-by-side, start learning new skills that will come handy once you enter the fintech world.

Network With Right People

The next vital step to make a career switch smooth and hassle-free is to surround yourself with people having a similar profile. These days, networking through social media can do this job just fine.

Join LinkedIn and start building your network by following fintech professionals and companies. As you spend more and more time on LinkedIn for networking, you'll come across a handful of opportunities similar to ones you are looking for. Keep an eye on such updates, look carefully into what core skills recruiters expect their candidates to have, and work on learning them.

Follow this strategy for the next 1.5-2 years until your online fintech course ends. Successful execution will not only put you ahead in the curve but also fill you up with the necessary confidence to pursue your dream career in the best possible manner.

Remember, it's not as difficult to change careers in the 30s or 40s as it sounds, provided you are determined to make the switch.

If you stay true to your heart, work relentlessly towards building a better future, take the right steps without wasting any time, and refuse to give up, you can use the ongoing pandemic to transition into a highly rewarding new career.

It can be as simple as it sounds here if you follow the tips mentioned above, or as complicated as many of your colleagues might have pointed out in the past.

The call is yours — what do you want more?

A stable career with fantastic opportunities or a job with many insecurities. Decide, and make a call accordingly.