April 23, 2018
The modern economy evolves at a breakneck pace. In order for universities to maintain their academic prowess, recruit students and raise money they need to offer degree programs and training that will propel their students to success after graduation. This means keeping pace with economic trends and that’s why we’re seeing so many new, innovative degree programs emerging in fields like data analytics, business psychology and social entrepreneurship.
Fintech in Hong Kong
Hong Kong Polytechnic University (PolyU) just announced that it plans to collaborate with AMTD Group Company Limited to launch a Fintech Centre of Business. The university will leverage the center to facilitate working relationships between the university, government entities and global companies. The opening of the Centre further propels Hong Kong’s vision to become a leading global city in the space.
AMTD is also committed to Fintech development in Hong Kong. It looks to PolyU to cultivate the best local talent. Universities align their academic programs with their local economies in the US as well. Companies can recruit interns and groom them into new hires ready to hit the ground running upon graduation.
Fintech in New York
NYU’s prestigious Stern School of Business now offers courses in FinTech Analytics, Robo Advisors and Systematic Trading and Applications in Entrepreneurial Finance: FinTech just to name a few. NYU markets FinTech as an area of interest for business students along with other venerable concentrations such as finance, operations and real estate. The university’s goal is to create the next generation of Fintech leaders in the heart of the country’s financial hub. Undergraduates can take Fintech focused electives while MBA students can actually complete a specialization in Fintech.
Fintech Talent Gap
Built in NYC, an online community for New York based tech startups, reports that over 243 companies in NYC alone focus on Fintech products and services. Job prospects for new graduates trained in the space will enjoy a plethora of options especially in cities like New York, Chicago and San Francisco.
We already see a convergence of technology in financial services. The burgeoning demand for Fintech talent will most likely require seasoned professionals to cross train in either finance and technical areas but will also call upon universities to train the next wave of Fintech leaders who can start with a foundational understanding of cutting-edge technologies, financial principles and how they intersect.