Career Karma
Financial technology, which enhances and automates traditional forms of finance for consumers and businesses, is rapidly increasing in complexity. The demand for fintech professionals keeps rising as companies look to go beyond current technological boundaries and the best financial technology master’s degrees can help you start a lucrative career in this field.
The US Bureau of Labor Statistics predicts an eight percent growth in the fintech industry from 2020 to 2030, making Master’s Degrees in Financial Technology highly valuable. In this guide, we’ve listed the best financial technology master’s degree programs as well as a breakdown of the admission requirements and application process for each of the best Master’s Degrees in Financial Technology listed.
Where Can I Get a Master’s Degree in Financial Technology?
The best colleges where you can get a Master’s Degree in Financial Technology are Case Western Reserve University, Duke University, New Jersey City University, The University of Texas at Dallas, and the University of Central Florida. Some offer a Master of Engineering in Financial Technology (FinTech), while others offer a Master of Science in Financial Technology.
What Schools Offer the Best Financial Technology Master’s Degrees?
- Case Western Reserve University
- Duke University
- New Jersey City University
- University of Central Florida
- The University of Texas at Dallas
What Are the Admission Requirements for a Master’s Degree in Financial Technology?
The admission requirements for a Master’s Degree in Financial Technology are different for each school, but the minimum requirement across all programs is a bachelor’s degree, preferably in a related field. Other common requirements include a statement of purpose and, while some schools list a minimum GPA, meeting this minimum often doesn’t guarantee admission.
Similar to minimum GPA requirements, standardized test score requirements are also common. That being said, many schools have waived GMAT or GRE requirements due to the COVID-19 pandemic. Most universities will ask for proof of your professional experience and your work ethic, usually in the form of recommendation letters and a resume.
Financial Technology Master’s Degree Admission Requirements
- Bachelor’s degree or equivalent
- Letter(s) of recommendation
- Statement of purpose
- Resume
- Official transcripts
- Minimum GPA and standardized test scores
How to Get a Financial Technology Master’s Degree
You get a financial technology master’s degree by fulfilling all of the graduation requirements set by the institution offering the program. While these requirements may vary, they typically include earning a minimum number of credits from core courses, elective courses, and a capstone course, as well as maintaining a minimum grade point average throughout your studies.
How Many Credits Do You Need for a Master’s Degree in Financial Technology?
You need an average of 30 credits for a Master’s Degree in Financial Technology. These need to be earned from core courses, capstone courses, and elective courses. The specific split will differ from school to school. Some universities also offer concentrations or specializations which can increase the total number of required credits needed to graduate.
Financial Technology Degree Requirements
- Completed core course requirements
- Completed capstone course
- Maintained a minimum cumulative GPA of at least 3.0
- Completed a total of at least 30 credits
- Completed required number of elective courses
Best Financial Technology Master’s Degree Programs and Schools: Overview
| School | Program | Accreditation |
|---|---|---|
| Case Western Reserve University | Master of Science in FinTech | Higher Learning Commission |
| Drexel University | Master of Science (MS) in Finance | Middle States Commission on Higher Education |
| Duke University | Financial Technology Master of Engineering (FinTech) | Southern Association of Colleges and Schools Commission on Colleges |
| Georgia State University | Finance, M.S. | Southern Association of Colleges and Schools Commission on Colleges |
| New Jersey City University | Master of Science in Financial Technology | Middle States Commission on Higher Education |
| Suffolk University | Master of Science in Finance, MSF (FinTech Concentration) | The New England Commission of Higher Education |
| University of Central Florida | Master of Science in FinTech (MS) | Southern Association of Colleges and Schools Commission on Colleges |
| University of Illinois Urbana-Champaign | Master of Science in Finance (Data Analytics and Fintech Specialization) | Higher Learning Commission |
| University of South Florida | Master of Science in Finance (Fintech Concentration) | Southern Association of Colleges and Schools Commission on Colleges |
| The University of Texas at Dallas | Master of Science in Financial Technology and Analytics | Southern Association of Colleges and Schools Commission on Colleges |
Best Schools for Financial Technology: Top Financial Technology Master’s Degree Programs
The best schools for financial technology master’s degree programs can be found all across the country and offer a great comprehensive education that can equip any student with the technological financial skills needed for a long and lucrative career in the financial industry. Here is our list of the top financial technology master’s degree programs.
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Case Western Reserve University | Cleveland, OH
Case Western Reserve University was founded in 1826 and had a total of 12,069 students enrolled during the fall of 2021. The program offerings they have include aerospace engineering, anthropology, biology, and biochemistry. The school has produced numerous Nobel laureates and is also well known for its sports programs.
Master of Science in FinTech
This program requires the completion of 30 credits to graduate. Some of its core courses include Data Science for Finance, Corporate Finance and Valuation, Investment Management, and Fintech and Entrepreneurship. This program carefully balances data analytics, finance, econometrics, and programming to create well-rounded graduates.
Master of Science in FinTech Overview
- Accreditation: Higher Learning Commission
- Tuition and Fees: $53,280 for the whole program
- Required Credits: 30 credits
- Program Length: 1 year
- Learning Format: In-person
- NCES Grad Rate: 85%
Master of Science in FinTech Admission Requirements
- GPA: No minimum requirement
- Standardized Tests: Not required, may be submitted
- Application Fee: $100
- Minimum Education: Bachelor’s degree or equivalent
- Other Requirements: Essay, resume, two letters of recommendation, an interview (upon request only)
Applying to Case Western Reserve University
- Go to the school’s website and create an application account, then fill out the application form.
- Upload and submit your unofficial transcripts.
- Submit your standardized test scores (optional).
- Submit your essay, resume, and letters of recommendation.
- Pay the application fee.
- Pass an interview if requested by the admission committee.
Drexel University | Philadelphia, PA
Founded in 1891 in the city of Philadelphia, Drexel University currently has a total of 23,217 students enrolled in the over 200 programs it offers. With 15 colleges and schools, Drexel offers programs in accounting, business administration, cyber security, and electrical engineering which can be found across the undergraduate, graduate, and post-graduate levels.
Master of Science (MS) in Finance
This master’s degree program requires students to complete 45 credits divided between core requirements and electives. The program curriculum includes courses in international financial management, risk management, investment management, and portfolio management. The program allows students to specialize in one of many concentrations including fintech.
Master of Science (MS) in Finance Overview
- Accreditation: Middle States Commission on Higher Education
- Tuition: $1,139/credit
- Required Credits: 45 credits
- Program Length: 1-3 years
- Learning Format: In-person
- NCES Grad Rate: 71%
Master of Science (MS) in Finance Admission Requirements
- GPA: No minimum requirement
- Standardized Tests: Minimum GMAT score of 570 or combined GRE score of 310
- Application Fee: $65
- Minimum Education: Bachelor’s degree or equivalent
- Other Requirements: Letter of recommendation, professional resume, essay
Applying to Drexel University
- Complete the online application form on the school’s website.
- Pay for the application fee.
- Submit your unofficial transcript and standardized test scores.
- Submit your letter of recommendation, resume, and essay.
Duke University | Durham, NC
Duke University was founded in 1924 and has 16,780 students enrolled in its 10 different colleges. It offers programs in a variety of fields of study such as analytical political economy, economics, humanities, medical physics, and political science at the undergraduate, graduate, and post-graduate levels.
Financial Technology Master of Engineering (FinTech)
This master’s degree requires its students to complete 30 credits divided between core courses, technical core courses, elective courses, a capstone project, and an internship. Its core courses cover topics such as programming for fintech, software engineering for fintech, and financial institution products and services.
Financial Technology Master of Engineering (FinTech) Overview
- Accreditation: Southern Association of Colleges and Schools Commission on Colleges
- Tuition: $30,250/semester
- Required Credits: 30 credits
- Program Length: 1-2 years
- Learning Format: In-person
- NCES Grad Rate: 96%
Financial Technology Master of Engineering (FinTech) Admission Requirements
- GPA: No minimum requirement
- Standardized Tests: Optional, GRE may be submitted
- Application Fee: $75
- Minimum Education: Bachelor’s degree in engineering or science or equivalent
- Other Requirements: Statement of purpose, resume, three letters of recommendation, video introduction
Applying to Duke University
- Submit your completed application form on the school portal.
- Pay for the application fee.
- Submit your official transcripts.
- Submit your GRE scores (optional).
- Submit your resume, statement of purpose, video introduction, and letters of recommendation.
Georgia State University | Atlanta, GA
Established in 1913 in Atlanta, Georgia State University is now spread out over six campuses, with 12 colleges and schools, and has more than 52,000 enrolled students. This public research university offers a wide variety of programs including African studies, art education, biology, and chemistry.
Finance, M.S.
This master’s degree requires students to complete 30 credits divided between core courses and electives in order to graduate. Its students take financial analysis and loan structuring, advanced corporate finance, and financing innovation courses, making it perfect for those wanting a career in banking, asset management, accounting, wealth management, or finance.
Finance, M.S. Overview
- Accreditation: Southern Association of Colleges and Schools Commission on Colleges
- Tuition and Fees: $37,500 for the whole program (in state); $43,500 for the whole program (out of state)
- Required Credits: 30 credits
- Program Length: 1-2 years
- Learning Format: In-person
- NCES Grad Rate: 53%
Finance, M.S. Admission Requirements
- GPA: No minimum requirement
- Standardized Tests: Not required, may be submitted for scholarship consideration
- Application Fee: $50
- Minimum Education: Bachelor’s degree or equivalent
- Other Requirements: Personal statement, resume, video interview, and (optional) letters of recommendation and additional essay
Applying to Georgia State University
- Go to the university’s website and fill out the application form.
- Pay the application fee.
- Complete the short video interview.
- Submit your unofficial transcripts.
- Submit your standardized test scores if wanting to be considered for scholarships.
- Prepare your personal statement and resume.
- Submit your letters of recommendation and additional essay (optional).
New Jersey City University | Jersey City, NJ
New Jersey City University was established in 1927 and is now home to over 8,000 students enrolled in its 40 graduate and 47 undergraduate programs. Some of its most recognized programs are in the fields of business analytics and data science, marketing, accounting, counseling, and criminal justice.
Master of Science in Financial Technology
Through its core courses, electives, and a capstone course, this program is designed to help students thrive in the finance industry by applying quantitative methods to solve business problems using their technical skills. Its curriculum covers corporate financial management, current topics in financial technology, and designing and developing financial software.
Master of Science in Financial Technology Overview
- Accreditation: Middle States Commission on Higher Education
- Tuition: $798/credit (in state); $1,272/credit (out of state)
- Required Credits: 30 credits
- Program Length: 1-2 years
- Learning Format: In-campus
- NCES Grad Rate: 36%
Master of Science in Financial Technology Admission Requirements
- GPA: 3.0
- Standardized Tests: Minimum GMAT score of 560 required if applicant doesn’t meet the minimum GPA requirements, otherwise optional
- Application Fee: $55
- Minimum Education: Bachelor’s degree or equivalent
- Other Requirements: Two letters of recommendation, essay, personal statement of purpose, resume
Applying to New Jersey City University
- Complete the graduation application form on the school website.
- Pay the application fee.
- Submit your official transcripts and, if needed, your GMAT scores.
- Submit your resume, essay, personal statement of purpose, and letters of recommendation.
Suffolk University | Boston, MA
Suffolk University, originally established in 1906 by lawyer Gleason Archer as Archer’s Evening Law School, is now a coeducational, private, and nonsectarian university. It currently has just under 7,000 students enrolled in its graduate and undergraduate programs which can be found in the fields of accounting, applied politics, business intelligence, and clinical psychology.
Master of Science in Finance, MSF (FinTech Concentration)
This master’s degree requires students to finish 41 credits across introductory courses, prerequisite courses, finance core courses, capstone courses, and concentration and elective courses. The required courses for the fintech concentration include Python for Business Analytics, Introduction to Fintech, and Applied Risk Management.
Master of Science in Finance, MSF (FinTech Concentration) Overview
- Accreditation: The New England Commission of Higher Education
- Tuition: $1,598/credit
- Required Credits: 41 credits
- Program Length: 1-2 years
- Learning Format: In-person
- NCES Grad Rate: 60%
Master of Science in Finance, MSF (FinTech Concentration) Admission Requirements
- GPA: No minimum requirement
- Standardized Tests: GMAT or GRE required, no minimum specified
- Application Fee: $50, waived for students who visit the campus before applying
- Minimum Education: Bachelor’s degree or equivalent
- Other Requirements: Goal statement, letter of recommendation, resume
Applying to Suffolk University
- Complete the application form on the school website.
- Pay for the application fee.
- Submit your unofficial transcripts and standardized test scores.
- Submit your goal statement, resume, and letter of recommendation.
University of Central Florida | Orlando, FL
University of Central Florida was founded in Orlando in 1963 and currently has approximately 70,000 students enrolled in the over 230 programs it offers within its 13 colleges. The master’s programs they offer are in the areas of social work, business, and health administration.
Master of Science in FinTech (MS)
The coursework for this 30-credit program includes finance and computer science courses covering topics such as strategic financial management, decision making, and computational methods. Throughout their studies, students gain hands-on experience solving real-world problems and learn about the current financial system and how to formulate business plans.
Master of Science in FinTech (MS) Overview
- Accreditation: Southern Association of Colleges and Schools Commission on Colleges
- Tuition and Fees: $370/credit (in state); $1194/credit (out of state)
- Required Credits: 30 credits
- Program Length: 1-2 years
- Learning Format: In-person
- NCES Grad Rate: 74%
Master of Science in FinTech (MS) Admission Requirements
- GPA: Minimum 3.0
- Standardized Tests: Not required
- Application Fee: $30
- Minimum Education: Bachelor’s degree in a STEM or business field
- Other Requirements: Goal statement and current resume
Applying to University of Central Florida
- Fill out and submit the online application form on the school website.
- Pay for the application fee.
- Submit your official transcripts.
- Submit your goal statement and resume.
University of Illinois Urbana-Champaign | Champaign, IL
One of the largest universities in the country, the University of Illinois Urbana-Champaign was founded in 1867 and, in 2020, was home to 52,331 students. They offer undergraduate and graduate programs in the fields of counseling psychology, human resource development, accountancy, and more.
Master of Science in Finance (Data Analytics and Fintech Specialization)
This master’s degree is a minimum 40-credit program with its coursework divided between core courses, required courses, professional development courses, and finance electives covering topics such as accounting for financial analysis, corporate finance, and quantitative finance. Students with specializations in data analytics and fintech get additional training on big data analytics in finance.
Master of Science in Finance (Data Analytics and Fintech Specialization) Overview
- Accreditation: Higher Learning Commission
- Tuition: $20,815/semester
- Required Credits: 40+ credits
- Program Length: 1-2 years
- Learning Format: In-person
- NCES Grad Rate: 86%
Master of Science in Finance (Data Analytics and Fintech Specialization) Admission Requirements
- GPA: No minimum requirement
- Standardized Tests: GMAT or GRE required, no minimum specified
- Application Fee: $70
- Minimum Education: Bachelor’s degree or equivalent
- Other Requirements: Resume, academic statement of purpose, three references
Applying to University of Illinois Urbana-Champaign
- Submit your completed application form on the school’s graduate application portal.
- Submit your unofficial transcripts and GRE or GMAT score.
- Upload your resume and academic statement of purpose.
- Submit the contact information of three references.
- Pay your application fee.
University of South Florida | Tampa, FL
University of South Florida was established in 1956 in Tampa. It currently has approximately 50,000 students enrolled in its 14 colleges which offer academic programs such as accountancy, chemistry, computer science and engineering, philosophy, and political science at various different levels of higher education.
Master of Science in Finance (Fintech Concentration)
This master’s degree requires that students earn 30 credits in order to graduate. Its curriculum is composed of tools courses, core requirements, concentration courses, and a comprehensive exam or an advanced financial management course. Concentration courses for this program cover topics such as fintech and payment technologies and analytical methods for business.
Master of Science in Finance (Fintech Concentration) Overview
- Accreditation: Southern Association of Colleges and Schools Commission on Colleges
- Tuition (and Fees): $431/credit (in state); $877/credit (out of state)
- Required Credits: 30 credits
- Program Length: 1-2 years
- Learning Format: In-person
- NCES Grad Rate: 74%
Master of Science in Finance (Fintech Concentration) Admission Requirements
- GPA: 3.5
- Standardized Tests: Minimum GMAT score of 550 or equivalent GRE score required if the applicant’s GPA is under 3.5
- Application Fee: $30
- Minimum Education: Bachelor’s degree
- Other Requirements: None
Applying to University of South Florida
- Go to the school’s website and complete the online application form.
- Pay the application fee.
- Submit your official transcripts and standardized test scores, if necessary.
- Answer and sign the conduct clearance questionnaire.
The University of Texas at Dallas | Richardson, TX
The University of Texas at Dallas was founded in 1961 and is a part of the greater University of Texas System. With over 29,000 students enrolled in its eight schools, The University of Texas at Dallas has the highest research activity out of all universities in the state and offers master’s degree programs in accounting, actuarial science, business analytics, and chemistry.
Master of Science in Financial Technology and Analytics
This 36-credit master’s degree program offers a wide variety of business courses such as Mathematics in Finance, Financial Information and Analytics, and Mathematics for Financial Analytics. Upon completion of this program, students are equipped with a vast pool of knowledge concerning the analytical technologies used in finance.
Master of Science in Financial Technology and Analytics Overview
- Accreditation: Southern Association of Colleges and Schools Commission on Colleges
- Tuition: $1,056/credit (in state); $1,225/credit (out of state)
- Required Credits: 36 credits
- Program Length: 1-2 years
- Learning Format: In-person
- NCES Grad Rate: 69%
Master of Science in Financial Technology and Analytics Admission Requirements
- GPA: No minimum requirement, but average incoming GPA of 3.0
- Standardized Tests: GMAT or GRE required, no minimum specified but average incoming GMAT of 600 and GRE of 310
- Application Fee: Amount not specified but waived if applying on time
- Minimum Education: Bachelor’s degree or equivalent
- Other Requirements: Letters of recommendation, resume, personal statement, prerequisite courses in linear algebra, calculus, probability and statistics, and computer science or programming
Applying to The University of Texas at Dallas
- Create an account on the graduate application portal.
- Submit your official transcripts and standardized test scores.
- Submit your letters of recommendation, resume, and personal statement.
- Pay the application fee, if necessary.
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What Is a Financial Technology Master’s Degree?
A financial technology master’s degree is a one to two-year program providing students with a deeper understanding of the intersection between the world of finance and technology. These programs focus on equipping students with the technological tools and techniques that improve traditional financial services. The degree is grounded in financial big data analysis, finance, and programming.
Financial technology grad students get to learn about the role of artificial intelligence, blockchain, and cryptocurrencies. Common courses in these programs include algorithmic trading, investment management, and entrepreneurship. These programs also provide students with more hands-on experience side by side with experts in the financial services industry compared to bachelor’s degree programs.
How Important Is a Master’s Degree in Financial Technology?
A Master’s Degree in Financial Technology is very important because it allows students to develop a deeper skillset using digital systems, cyber security, robo-advisers, and blockchain technology. Students gain an advanced overview of the practices and principles used by finance professionals, opening them up to more career advancement opportunities and the ability to land managerial roles.
What Types of Master’s Degrees Can You Get in Financial Technology?
The types of master’s degrees you can get in financial technology are a Master of Science, a Master of Engineering, and a Master of Business Administration. The difference between them is that the first two focus on giving students a broad theoretical base of financial technology while the last focuses more on the skills needed to manage and lead teams. The type you should get depends on your career goals.
Is It Better to Get a Master of Science or Master of Business Administration in Financial Technology?
It is better to get a Master of Science in Financial Technology if your interests are primarily in digital innovation and the development of new technologies related to modern finance. In this type of degree program, you’ll take a larger number of lab and research-related courses that will properly equip you to start developing your own tech.
On the other hand, a Master of Business Administration is better if you want to work in a senior or executive-level position in an organization developing fintech. In one, you’ll learn how to handle a team while being still proficient in the advanced aspects of financial technology. You’ll also get to learn skills in risk management, business analytics, and industrial economics.
What Is the Difference Between a Financial Technology Master’s Degree and a Financial Technology Certificate?
The main difference between a financial technology master’s degree and a financial technology certificate is the range of topics covered by each program and the time needed to complete them. A financial technology master’s degree covers a wider range of topics on how digital innovation can be used in modern finance and generally takes one to two years to finish.
A financial technology certificate is typically only 12 credits, with each course lasting only four to six weeks. The number of topics covered is lower but is more specialized. You should choose to pursue a financial technology master’s degree vs a certificate because of the increased number of job opportunities it can open you up.
How Much Does It Cost to Get a Master’s Degree in Financial Technology?
Master’s Degrees in Financial Technology cost an average of $19,314 per year, according to the National Center for Education Statistics. The actual cost of your degree can vary significantly, depending on the institution you are attending, with private institutions typically costing more than public ones. Being a resident or non-resident of your university’s state can also affect your tuition.
How Long Does It Take to Get a Financial Technology Master’s Degree?
It takes one to two years to get a Master’s Degree in Financial Technology. Seeing as most require 30 credits to graduate, you’ll need to earn 15 per semester to finish in a year. Most programs allow part-time study, meaning you’d only have to earn nine credits in your first three semesters and six in your last to graduate in two years, with the majority of courses being worth three credits.
How Hard Is It to Get a Master’s Degree in Financial Technology?
It’s hard to get a Master’s Degree in Financial Technology because the curriculum can be quite challenging. As a financial technology master’s student, you’ll be studying significantly advanced concepts in both the technology and financial sector. Additionally, most fintech master’s programs have an extremely competitive acceptance rate.
Why Should You Get a Financial Technology Master’s Degree?
The benefit of getting a financial technology master’s degree is the opportunity to learn more about corporate financial management, financial technology, and machine learning for business. You can also apply for higher positions, with many career opportunities such as financial analyst, blockchain developer, or business development manager requiring the analytical techniques learned in the degree program.
What Courses Do You Need to Take in a Master’s Degree Program in Financial Technology?
The required courses for a Master’s Degree in Financial Technology are different from institution to institution, especially when comparing the curricula of Master of Science and Master of Engineering programs. That being said, there are some common courses you can find across most programs. Find out more details in the list below.
Emerging Trends for FinTech Services
In this course, students develop assessment techniques used to analyze the motivation of companies when it comes to the technologies they use and the technologies they sell. This course also provides students with a better understanding of the business models that confront the customer service status quo as well as the different applications of game theory.
FinTech Business Models
In a FinTech Business Models course, students dive deeper into the different business models used in the context of FinTech value chain segments. These include models and technologies such as marketplace lending, robo-advisory, cryptocurrency, neo-banking, and blockchain applications.
FinTech Law and Policy
In this course, students gain a better understanding of the principal legal and regulatory issues, architectures, and dynamics of modern financial marketplaces which are shaped by technology. In addition, students learn about the evolving frameworks in which legal practices and successful businesses become technologically literate.
FinTech and Payment Technologies
In this course, students learn about the different emerging business models and technologies that change the way the exchange of currency for goods and services is done. Students tackle concepts such as the economics of payments, major payment networks, regulation, innovative business models, and payment technologies.
Financial Management
In a Financial Management course, students study the processes, institutional arrangements, and decision structures that concern the utilization and acquisitions of funds by organizations. This covers topics like financial assets, project analysis, capital budgeting, debt and dividend, and risk and return.
Continuing Education Paths for Financial Technology Master’s Degree Graduates
The best path to take with a financial technology master’s degree is to pursue a PhD in Financial Technology. Alternatively, you can also earn different certifications related to your field of study that will allow you to better specialize. That being said, a master’s degree is more than enough for you to land some of the highest-paying jobs in fintech.
Related Financial Technology Degrees
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What to Look For in the Best Financial Technology Master’s Degree Programs
The things to look for in the best financial technology master’s degree programs are the program’s cost, curricular content, faculty credentials, accreditation, and flexibility. While picking the best program for your needs can be arduous, knowing what to look for when comparing them will help you make the right choice.
Cost
The cost of a program’s tuition can significantly affect your choice. When looking at a school’s tuition, also take into consideration other costs such as transportation, books, supplies, and student housing you may need to manage during your studies. You should also look into what financial aid opportunities each school provides to its students.
Curricular Content
The curricular content of the program is possibly the most important thing to know before enrolling in a program. With fintech being a new and evolving field, you want to make sure that the program’s courses are up to date and relevant. It also helps you see how the school prepared the academic path for students and whether or not credits are spread out equally throughout the program.
Faculty Credentials
The ability to learn from the best teachers you can get is important. Researching the credentials of your future teachers can help you feel more confident that you’ll be learning from experts in the field of financial technology. These experts won’t only teach you relevant skills, they can also serve as an excellent support network once you start your career.
Accreditation
Accreditation is proof that the school providing the program meets set educational quality standards. Accreditation involves a third-party organization that checks the processes of the school. A school being accredited helps you to know that the education you’ll be getting is good and that you’ll get what you’ve paid for.
Flexibility
Knowing that the program has an option for hybrid or full-time classes could make you feel secure, especially if there are challenges in your way of committing to physical classes. Whether you’re working as you study or want to save time commuting, knowing that a program is flexible gives allows you more freedom when choosing how you want to continue your studies.
What Is the Most Affordable Financial Technology Master’s Degree?
The most affordable financial technology master’s degree is the Master of Science in FinTech (MS) program offered by the University of Central Florida. At $369.65 per credit for in-state students, the total cost of tuition is only $11,089.50 for the entire 30-credit program before fees, taxes, and other costs.
Salary and Job Outlook for Financial Technology Master’s Degree Graduates
The best financial technology master’s degree jobs can be found in many different industries and are easily accessible thanks to your advanced knowledge and skillset. The average Master’s Degree in Financial Technology salary is high, as well. Below we’ve gone into detail about the best jobs you can get after graduating from your fintech master’s degree program.
How Hard Is It to Get a Job With a Financial Technology Master’s Degree?
It is not hard to get a job with a financial technology master’s degree. These programs prepare students to work in the industry through coursework covering the most current trends in financial technology and financial applications of blockchain technology. Fintech master’s degree grads are eligible for a wide variety of positions in the industry, including management roles.
What’s the Average Financial Technology Master’s Degree Salary?
The average Master’s Degree in Financial Technology salary is around $80,000, according to PayScale. Graduates of this degree can work for big fintech companies like JPMorgan Chase, Morgan Stanley, Bank of America, and Ally Financial. As the world keeps digitizing, you’ll also find work in other industries that suddenly need fintech experts.
What Types of Jobs Can You Get With a Financial Technology Master’s Degree?
The jobs you can get with a financial technology master’s degree include working as a big data analyst, blockchain developer, chief financial officer, portfolio manager, and project manager. These job positions require expert knowledge in artificial knowledge, cyber security, and coding skills, and a Master’s Degree in Financial Technology will make you the perfect candidate.
Financial Technology Degree Jobs
- Chief Financial Officer
- Blockchain Developer
- Portfolio Manager
- Big Data Analyst
- Project Manager
Potential Careers With a Financial Technology Degree
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How Much Money Can You Make With a Master’s Degree in Financial Technology?
You can make between $75,945 and $139,781 per year with a Master’s Degree in Financial Technology. Your actual salary will depend on your position and location, the industry you’re in, and the company you’re working for. There are different industries with a high demand for financial technology graduates, such as the financial, investment, technology, and retail sectors.
Highest-Paying Financial Technology Master’s Degree Jobs and Salaries: Overview
| Financial Technology Master’s Degree Jobs | Average Salary |
|---|---|
| Chief Financial Officer | $139,781 |
| Blockchain Developer | $113,000 |
| Portfolio Manager | $89,931 |
| Big Data Analyst | $84,955 |
| Project Manager | $75,945 |
Best Jobs for Financial Technology Master’s Degree Grads
The best jobs for financial technology master’s degree grads are all highly-paid positions with positive predicted job growth. In the list below, we’ve included other information about the job positions mentioned earlier, such as the average salary, job outlook, number of jobs, and highest-paying states.
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Chief Financial Officer
A chief financial officer leads the finance departments and makes sure that all departments, such as accounting and finance, operate effectively and in compliance with company policies. CFOs need strong accounting and strategic planning skills, usually overseeing the departments that work with taxes, purchasing, pricing, and accounts payable and receivable.
- Average Salary: $139,781
- Job Outlook: 8% job growth from 2020 to 2030
- Number of Jobs: 2,704,400
- Highest-Paying States: District of Columbia, Hawaii, Washington, South Dakota, Massachusetts
Blockchain Developer
A blockchain developer researches, develops, designs, and tests blockchain technologies. They assess applications for new technologies and tools that frequently evolve. In addition, they document new solutions and compare them to current ones for reference. These professionals need to be skilled with programming languages and basic cryptography.
- Average Salary: $113,000
- Job Outlook: 22% job growth from 2020 to 2030
- Number of Jobs: 1,847,900
- Highest-Paying States: California, Washington, Maryland, New York, Rhode Island
Big Data Analyst
A big data analyst studies the market to identify trends and patterns, allowing the company they work for to make the right decisions and gain a competitive advantage. They are expected to collect, analyze, and communicate the data they’ve found. Moreover, they should have good problem-solving skills and should be able to think critically.
- Average Salary: $84,955
- Job Outlook: 7% job growth from 2020 to 2030
- Number of Jobs: 607,800
- Highest-Paying States: California, District of Columbia, Massachusetts, Washington, New Jersey
Project Manager
A project manager supervises a team working on a specific project for a company. They also manage client expectations, define a project’s scope, and assign tasks for each member of the team. They are accountable for every area of the project and should think of ways to meet the client’s vision and expectations.
- Average Salary: $75,945
- Job Outlook: 11% job growth from 2020 to 2030
- Number of Jobs: 482,000
- Highest-Paying States: New Jersey, District of Columbia, New York, Delaware, Massachusetts
Portfolio Manager
A portfolio manager proposes investment strategies to investors and craft investment packages. They are responsible for buying and selling securities in an investor’s account to maintain a specific investment strategy over time. In addition, they also identify risk levels based on a client’s time horizon, risk preferences, and return expectations.
- Average Salary: $89,931
- Job Outlook: 17% job growth from 2020 to 2030
- Number of Jobs: 681,700
- Highest-Paying States: New York, Delaware, New Jersey, Colorado, District of Columbia
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Best Jobs According to Your Major
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Is a Master’s Degree in Financial Technology Worth It?
Yes, a Master’s Degree in Financial Technology is worth it if you want to work in leadership or research positions in the industry. A master’s degree program will improve and expand your knowledge of cutting-edge technologies like distributed ledgers and popular AI machine learning techniques. You’ll also graduate equipped with the skills needed to solve complex financial technology challenges.
A Master’s Degree in Financial Technology is the best way to advance your career. You’ll have access to a wide variety of career pathways once you finish your studies such as working as a blockchain developer, app developer, financial analyst, or project manager where you can earn a six-figure salary.
Additional Reading About Financial Technology
[query_class_embed] https://careerkarma.com/blog/financial-advice/ https://careerkarma.com/blog/financial-managment/ https://careerkarma.com/blog/financial-analysis-masters-degrees/
Financial Technology Master’s Degree FAQ
No, you can’t get a free financial technology master’s degree. However, universities offer many financial aid opportunities to students which can help manage the cost of tuition. Although no universities offer a free degree, you can rest assured that these universities do their best to support students by making the application process for financial aid easy.
Yes, there are online Master’s Degrees in Financial Technology. While still fully accredited, many of these programs can’t offer as in-depth of an education due to their students having access to a more limited number of learning resources. Luckily, online master’s degrees are usually as accepted by employers as their in-person counterparts.
No, financial technology is not the same as financial engineering. Financial engineering is focused on making complex financial products for investors to govern return and risk.
On the other hand, financial technology facilitates daily financial transactions for individuals, government organizations, and corporations.
You should know that financial technology is the integration of technology into the goods and services offered by financial companies to enhance the consumer experience. It can affect financial activities like money transfers, applying for credit at a bank, or managing investments. Concepts related to financial technology include machine learning, data-driven marketing, and predictive behavioral analytics.
The post Best Financial Technology Master’s Degree Programs, Jobs, and Salaries appeared first on Career Karma.
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Esa Landicho
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