Written By Rachel Meltzer
With almost all personal banking, lending, electronic payments, and trading done online these days, financial technology is an in-demand field for technologists in 2021. But do the top fintech companies actually hire coding bootcamp graduates? We’re breaking down what to expect at a financial technology company, and the top 6 Fintech companies that hire bootcamp alumni. Plus, our tips for employers who are onboarding bootcamp grads onto their fintech teams!
Fintech stands for financial technology, and this term essentially describes innovative technology that improves the delivery of financial services. While fintech has technically been around since the 19th century, it wasn’t until the birth of Bitcoin in 2009 and the post-2008 financial crisis regulatory changes that fintech truly started to blossom.
The dawn of the smartphone, the era of the startup, and the emergence of banking as a service (BaaS) platforms all collided to create the fintech boom that we see now. Blockchain, open banking, and automation have completely changed the finance sector and created hundreds of unique jobs for the technically proficient.
Some companies, like banks, use software engineers to build their online banking, money transfer applications, architect websites, create security mechanisms, and more. Other companies hire developers to code up Python libraries, create automated stock trading applications, the backend of bitcoin, and create real-time e-commerce digital payment services.
Dozens of fintech companies hire coding bootcamp graduates because coding bootcamps teach the essential practical skills for software engineering and user experience through hands-on projects. Something that most colleges don’t teach. Since 2020, major financial companies have been hiring coding bootcamps grads. Some are even requiring their staff to take coding lessons to keep up with their demand for tech skills.
Most bootcamp alumni are also almost always equipped with multiple years of previous workforce experience. Often, their unique experience translates into soft skills that a fintech company can use alongside their freshly minted technical skills, making them the perfect candidate for the senior staff who has to handle onboarding.
We’ve rounded up the top fintech companies that hire coding bootcamps graduates so that you can see your career potential and which coding bootcamps might lead to fintech jobs. Most fintech companies hire software engineers, app developers, web developers, UX designers, and data scientists.
If you want to become a software engineer or web developer, learning a language like Python, Java, or .NET will give you the best chances of getting hired in the finance sector. Learning blockchain can also dramatically increase your chances of landing coveted fintech jobs.
The banking giant JPMorgan Chase is an American investment bank and financial services holding company. JPMorgan Chase proudly employs coding bootcamp alumni in almost every sector of their company and shares this information widely in their publicity. They also train their current employees with coding bootcamps.
Morgan Stanley is an American multinational investment bank and financial services company. They’ve hired dozens of coding bootcampers across the globe and in various subsidiary companies. They usually look for software engineers, full stack developers, or back end developers.
The Bank of America Corporation is an American multinational investment bank and financial services holding company. They have hired over half a dozen coding bootcamp graduates in development positions that use .NET and Java.
Ally Financial is a bank holding company that provides financial services and online banking to both corporate and consumer customers. They’ve hired 3 bootcamp grads since 2016.
PayPal Holdings is an American company operating an online payments system globally. Paypal has hired dozens of coding bootcamp graduates. Their subsidiary, Venmo, has hired at least as many alumni as well.
Kyokan is a fintech innovation company working on projects like Layer 2 wallets, user interfaces, and a pluggable payment library. They’ve hired one bootcamper so far: Dan Miller! He focuses on back end engineering with blockchain.
Are you an employer considering hiring a coding bootcamp graduate? Here are 4 tips to help you navigate the bootcamp sphere:
Rachel Meltzer is the founder of MeltzerSeltzer, where she is the lead writer, podcast host, and freelance writing coach.
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