Do you desire to join the FinTech industry? Its rapid evolution is rather thrilling, not to mention extremely lucrative. There are roughly 14,000 employees working in the Singapore FinTech industry, with the workforce projected to grow at an average of 45% in the next few years.

Home of numerous leading startups, Singapore is well known for being the most expensive Southeast Asian market to hire tech talent. Engineers and product managers are paid three times higher in Singapore than in Indonesia or Vietnam.

While FinTech holds lots of promise, its fast-paced nature may not be for everyone. You need to be comfortable with embracing constant innovation and change. In this article, we will feature popular FinTech companies in Singapore to work for along with tips on how to break into the FinTech space.

Top 10 FinTech Firms to Work For

Since there are more than two thousand FinTech firms operating in Singapore, you’re spoilt for choice! Based on in-depth research conducted by NodeFlair, here are the top ten FinTech companies to work for in 2023:

• Endowus
• ShopBack
• StashAway
• Wise
• Funding Societies
• Backbase
• Coda Payments
• Spenmo
• Tookitaki
• Xendit.

With median Glassdoor ratings above 3.8 stars, these FinTech firms have vibrant company cultures which prize flexibility and autonomy. Their employees attest to the fact that they are given abundant growth opportunities whilst doing impactful work.

Moreover, these companies pay their employees well—the compensation packages they offer tend to be higher than the prevailing market rates.

3 Tips to Help You Join the FinTech Industry

1. Acquire FinTech Skills by Upskilling: You will require a strong foundation in computing as well as finance. Mastery of financial technologies such as artificial intelligence (AI) and blockchain is needed.

In order to acquire these specialised skills, you should consider enrolling in a postgraduate FinTech program. For instance, the Master of Science in Digital Financial Technology (MSc DFintech)—jointly offered by the NUS School of Computing and NUS Business School—will equip you with comprehensive FinTech knowledge. Its robust curriculum combines theoretical knowledge with practical experience, culminating in an immersive capstone project.

2. Network Extensively: Do you want to network with industry experts while keeping abreast of the latest innovation trends? Attend exclusive FinTech conferences all year round. One notable example is the Singapore FinTech Festival—the world’s largest FinTech festival organised by the Monetary Authority of Singapore, Elevandi, and Constellar—which will take place from 15 to 17 November 2023.

Besides attending conferences, you can also connect with FinTech experts online via LinkedIn. Don’t be afraid to make the first move; networking is key in unlocking opportunities and advancing your career! One of the primary benefits of having a vast network is the ability to obtain job referrals.

3. Work on Your Personal Branding: You have to set yourself apart from the other talented candidates in the highly competitive FinTech industry. The unique blend of your qualifications, skills and work experience is what makes you, you.

Identify several transferable skill sets you have developed in previous companies: critical thinking, creativity and so on. Once you have compiled a list, weave these skills into a compelling personal narrative. Your aim is to demonstrate to FinTech firms that you are not only competent but also a good culture fit.

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