Fintech in Northern Ireland — the Student Story

Fintech or Financial Technology is a rapidly growing sector in Northern Ireland and globally. As such, there are many opportunities available for university students hoping to gain experience in the industry. However, is a university education in Northern Ireland today accessible to all and does such an education equip graduates for these roles? How does the Fintech industry benefit Northern Ireland and its students? Finally, what are the obstacles to pursuing a career in this field?

While university graduates can aspire to exciting roles in the Fintech Industry, this ambition may not be within reach for many young people in Northern Ireland. Unfortunately, there are still numerous barriers to entry in higher education, namely, financial hardship, fulfilment of entry requirements and disability (both physical and mental). Although there may be hurdles, the benefits to third level education are numerous across any course of study. These include the development of transferable skills, building a network of student peers and the opportunity to gain real world experience through student placements and internships. All these competencies benefit a graduate hoping to launch a career in the Fintech space.

So, university students have much to offer the Fintech Industry, but what can Fintech offer them, and how does this field benefit Northern Ireland as a whole? A graduate in Fintech will get to experience a dynamic, fast-paced environment that promotes innovation and creativity. The sector has a global reach, attractive for those who wish to travel abroad. As companies continue to grow, there will be plenty of career development and training opportunities. On a national level, Northern Ireland is quickly becoming a Fintech global centre and is home to numerous international firms and start-ups alike. In terms of economic considerations, Fintech is a highly productive, growing sector, which bodes well for Northern Ireland’s financial future. The industry also promotes positive social change through its products and services. By enabling consumers to better manage their financial processes, income inequality may be reduced. So, students can look forward to an exciting career that benefits Northern Ireland’s economy and society.

Finally, do any other factors prevent young Northern Irish students from aiming for a career in a Fintech company? Students from non-technological backgrounds may be dissuaded from applying by the name ‘Financial Technology’. However, a Computer Science degree is not necessary to access the Fintech industry — this multidisciplinary space offers a variety of roles, including marketing, legal and sales positions. Another issue is the lack of information on this relatively new and upcoming industry. To attract talent, Fintech businesses will need to create more conversations and resources about graduate prospects in the area.

Overall, Fintech offers a career in a growing, future-forward industry that rewards graduates with many benefits, and is a positive force within Northern Ireland, economically and societally. While barriers to university education do exist, those who can study at third-level gain skills and experiences that will serve them well in a Fintech career. Continued work by the Fintech industry will encourage more young people to pursue this path, accelerating its growth and prosperity.