Master of Science (MS) in FinTech | University of Central Florida (2023)

FinTech or Financial Technology, refers to the application of technological innovation in the financial services industry. Recent developments in technology and computer science have brought about significant changes in many sectors of the financial services industry, enabling individuals and businesses to use products and services at a lower cost, with greater ease and convenience.

Technological innovations and advances facilitate the streamlining and delivery of financial services. It should be noted that, similar to other domains of business and society, the financial services sector is also facing the disruptive effects of artificial intelligence (AI). Extremely relevant to the proposed program is that UCF is an integral part of the Florida High Tech Corridor ($5 billion industry, employs 30,000, home to National Center for Simulation), which involves a significant number of modeling, simulation, and technology companies and academic institutions that produce applications that run the gamut of fields including military, flight and transportation training, virtual experiences for theme parks and interactive entertainment, and medical training utilizing patient simulators. Home to the National Center for Simulation, UCF’s Institute for Simulation and Training, all branches of the military and 10 other government agencies concentrated on simulation R&D through Team Orlando, the Florida High Tech Corridor is a veritable hub for this field. The list of companies seeking employees with technology skills is far too lengthy to include in this document, but spans across local, state, national, and international opportunities
(http://www.phocuswright.com/About-Us/Our-Clients).

There is an increasing need for technology-savvy employees who can think and function uniquely in crossdisciplinary teams to solve real analytical and logistical problems in the financial services sector. The Wall Street Journal has highlighted the fourth straight year of declines nationwide of applications to study an MBA in the US and noted that “.....in response, schools in recent years have launched cheaper, more flexible or more customized Master's degrees in hot areas such as data science and supply chain management" (WSJ, 10/1/2018). The MS in FinTech will forge a new path in interdisciplinary education and contribute to burgeoning interdisciplinary research encompassing computer science, and finance. Diverging from traditional business/management degrees, the MS in FinTech will focus on prescriptive and predictive techniques to anticipate and solve problems in a forward-looking approach.

FinTech is revolutionizing how quickly and cost-effectively financial services are delivered and is disrupting traditional financial services such as banking and mobile payments, not only in the developed world but also in emerging and developing economies. The disruptive force of FinTech is changing the banking and financial services industry’s workforce. Moving forward, it is expected that many of the traditional jobs in the financial services industry will be replaced by jobs requiring FinTech skills.

(Video) UCF Master's in FinTech: Connecting Finance & Technology

FinTech is increasingly characterized by startups with venture capital investments. As reported by the Orlando Sentinel recently, Fattmerchant, an Orlando based FinTech firm received a US$5.5 million investment from a venture capital (VC) firm with the objective of hiring as many as 50 people, most of them in the Southeast. This is just a small piece of the US$16.6 billion in global venture capital raised in over 1,000 deals in 2017 (CB Insights, 2018), with most of the funding going to US companies. Last year (2018) was expected to be an even stronger year for such investments and to drive the demand for FinTech jobs, both in the US and globally. Job demand for FinTech is high (5,837 FinTech jobs are listed on LinkedIn as of December 31, 2018). By combining skills in key software and finance areas, FinTech jobs have a high median annual income of US$130,000 vs. US$105,000 for a general software developer. (Computerworld, 12/15/2017)The interdisciplinary MS in FinTech (Finance and Technology) will be offered jointly by the College of Business Administration (CBA) (Department of Finance) and College of Engineering and Computer Science (CECS) (Department of Computer Science). The degree will be housed in the CBA.
The core of the MS in FinTech is the application of technology to improve and automate the delivery of traditional financial services. This degree program will provide employable technical skills including the development of algorithms, machine learning, and computer systems. The curriculum includes required courses that ensure that students develop computing skills, build awareness of financial markets, and apply their skills to simplify services related to banking, mobile payments and transfer of funds, credit evaluations, and asset management.

The FinTech MS is a 10-course (30-credit hours) lock-step cohort program with 5 courses (15-credits) each in Finance and Computer Science and will not have any tracks or specializations. The independent learning requirement is met by successful completion of a capstone project in the required course FIN 6777 (Capstone Course), which will be an applied project in financial technologies.

Total Credit Hours Required: 30 Credit Hours Minimum beyond the Bachelor's Degree

Please note: FinTech MS, although not all elective options or program prerequisites may be offered online. Newly admitted students choosing to complete this program exclusively via UCF online classes may enroll with a reduction in campus-based fees.

(Video) Masters from University of Central Florida | Preparation Tips, Application, Campus Life.

International students (F or J visa) are required to enroll in a full-time course load of 9 credit hours during the fall and spring semesters. Only 3 of the 9 credit hours may be taken in a completely online format. For a detailed listing of enrollment requirements for international students, please visit http://global.ucf.edu/. If you have questions, please consult UCF Global at 407-823-2337.

UCF is not authorized to provide online courses or instruction to students in some states. Refer to State Restrictions for current information.

Program Prerequisites

A Bachelor’s degree in a STEM-related discipline or business discipline from an accredited institution recognized by UCF.

Degree Requirements

Required Courses

30 Total Credits

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  • Complete the following:
    • FIN6406 - Strategic Financial Management (3)
    • FIN6515 - Analysis of Investment Opportunities (3)
    • FIN6778 - Foundations of FinTech (3)
    • FIN6779 - FinTech in Decision Making (3)
    • FIN6777 - FinTech Entrepreneurship (3)
    • COT5480 - Computational Methods in FinTech I (3)
    • COT6481 - Computational Methods in FinTech II (3)
    • CAP5619 - Artificial Intelligence for FinTech (3)
    • COP5818 - Full Stack Development for FinTech (3)
    • CIS5730 - Blockchains and Smart Distributed Contracts (3)

Grand Total Credits: 30

Application Requirements

For information on general UCF graduate admissions requirements that apply to all prospective students, please visit the Admissions section of the Graduate Catalog. Applicants must apply online. All requested materials must be submitted by the established deadline.

In addition to the Admissions section, applicants to this program must provide:

  • One official transcript (in a sealed envelope) from each college/university attended.
  • A Bachelor’s degree in a STEM-related discipline or business discipline from an accredited institution recognized by UCF.
  • The GRE is not required for admission to this program.
  • A goal statement. This is your opportunity to outline in 500 words why you wish to join the program, what you think you will contribute to the program, and how you feel the program will enhance you both personally and professionally in the future.
  • Updated résumé.
  • Applicants applying to this program who have attended a college/university outside the United States must provide a course-by-course credential evaluation with GPA calculation. Credential evaluations are accepted from World Education Services (WES) or Josef Silny and Associates, Inc. only.

Application Deadlines

FinTech MS *Fall Priority Fall Spring Summer
Domestic Applicants Jan 15 Jul 1
International Applicants Jan 15 Jan 15

*Applicants who plan to enroll full time in a degree program and who wish to be considered for university fellowships or assistantships should apply by the Fall Priority date.

Financial Information

Graduate students may receive financial assistance through fellowships, assistantships, tuition support, or loans. For more information, see the College of Graduate Studies Funding website, which describes the types of financial assistance available at UCF and provides general guidance in planning your graduate finances. The Financial Information section of the Graduate Catalog is another key resource.

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Fellowship Information

Fellowships are awarded based on academic merit to highly qualified students. They are paid to students through the Office of Student Financial Assistance, based on instructions provided by the College of Graduate Studies. Fellowships are given to support a student's graduate study and do not have a work obligation. For more information, see UCF Graduate Fellowships, which includes descriptions of university fellowships and what you should do to be considered for a fellowship.

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FAQs

What can I do with a fintech Masters? ›

What jobs could you do with a Master's Degree in Financial Technology?
  • Chief Financial Officer. ...
  • Blockchain Developer. ...
  • Big Data Analyst. ...
  • Project Manager. ...
  • Crypto Investment Portfolio Manager.

Is studying fintech good? ›

Opting for fintech courses will help you learn about the latest fintech trends and will upgrade your knowledge and skills in the financial sector. Whether you work in a different field or department of a financial firm, staying up to date on the latest technological trends is critical for making better decisions.

Is Masters in financial technology worth it? ›

It's very GOOD COURSE. And as per the placements it's lil less as compared to investment for the course. Masters in global financial markets is much better than MFT and had better scope here.

Which country is best to study fintech? ›

It's no secret that the United States has the best fintech ecosystem in the world, with the United Kingdom and Singapore trailing closely behind. Their winning combination of available talent, healthy competition, enabling regulations, and financial stability gives them an edge that's hard to beat.

Does FinTech pay well? ›

The average FINTECH salary ranges from approximately $38,806 per year for Insurance Producer to $250,000 per year for Senior Engineering Manager. Average FINTECH hourly pay ranges from approximately $12.26 per hour for Office Assistant to $13.42 per hour for Technical Support.

Does FinTech require coding? ›

Like the data analytics bootcamp, the fintech bootcamp does not require coding experience but does recommend a bachelor's degree or at least two years of professional experience in finance, statistics, or a related field.

How hard is FinTech? ›

FinTech is more difficult than technology or finance by themselves because you should know how both of them work. To get a job, you need to demonstrate the ability to survive in this constantly changing environment. It is difficult, but it is not impossible. If you don't have working experience, education can help you.

What degree is best for FinTech? ›

  • MSc in Computer Science - Financial Technology. ...
  • MSc in Finance (FinTech and Financial Analytics) ...
  • Master in Management (MIM) with FinTech & Digital Banking. ...
  • Master of Science in Digital Financial Technology. ...
  • Master of Science in Blockchain and Distributed Ledger Technologies.

Which is better finance or FinTech? ›

In my opinion I would suggest you go with BBA in fintech and the reason for selecting this because there are various aspects in which a candidate must look to get a secured future as well. Fintech are the future of the world and the growth of this sector is very good in condition.

Why should we study FinTech? ›

FinTech provides solutions with great benefits to businesses especially those which are new and small. A fintech course combines the use of technology with financial trends in order to develop innovative ways to disrupt and augment the world of finance.

Why is it important to study FinTech? ›

As everything in the financial sector becomes computer-based, FinTech courses are essential to getting the most out of technology. Learning FinTech will help you stand out from the crowd, especially in highly competitive markets. Understanding the business processes of the company you work for is certainly an asset.

What is MSc in FinTech? ›

What is an MSc in Fintech? This field of study, sometimes called financial technology, focuses on the use of technology in the world of finance to help make transactions and data research more practical and efficient. The world of fintech is ever-changing as it increases in popularity and necessity.

Is there a future in fintech? ›

The value of Fintech transactions is expected to rise from US$ 66 billion in 2019 to US$ 138 billion in 2023, at a CAGR of 20%. As of December 2021, India has over 17 Fintech businesses that have achieved the Unicorn Status.

What is the fintech capital of the world? ›

And, more likely than not, your transaction went through Atlanta. Every year, trillions of dollars flow across payments systems managed by Georgia companies in the fintech capital of the world.

Which country is best for masters in fintech? ›

Universities Offering FinTech Masters
  • University of Birmingham. ...
  • Dublin Business School. ...
  • SPJIMR India. ...
  • Duke University. ...
  • University College London. Duration: 12 months. ...
  • Politecnico di Milano School of Management. Duration: 12 months. ...
  • The American Business School Paris. Duration: 12 months. ...
  • ESSCA Online Campus. Duration: 12-24 months.

Is fintech a good career path? ›

Every day, fintech professionals race to create products that run the gamut from budgeting apps to mobile investment portfolios and automated payment software. This uptick in interest and investment has led to significant opportunities for those who want to build careers in fintech.

Where can I work with a fintech degree? ›

Some of the top FinTech career paths include:
  • Data specialist.
  • Quantitative analyst.
  • Blockchain developer.
  • Cyber security specialist.
  • Risk and compliance expert.
  • App developer.
  • Machine learning engineer/analyst.
  • AI developer.
2 Aug 2022

What is the average salary of a fintech? ›

The average Fintech salary ranges from approximately ₹13.7 Lakhs per year for a Business Analyst to ₹ 13.7 Lakhs per year for a Business Analyst. Salary estimates are based on 89 Fintech salaries received from various employees of Fintech. Fintech employees rate the overall salary and benefits package 1.3/5 stars.

Is Python used in fintech? ›

Python has a number of fintech applications, including building analytics tools, providing the structure for banking software, cryptocurrency applications, building stock trading strategies, and more. Having your own coding skills can be of huge benefit, and the best thing is that learning to code is easy.

What skills do you need in fintech? ›

Financial Fundamentals: The best fintech professionals will have a solid understanding of the core financial fundamentals needed to succeed in the field.
...
Hard Skills:
  • Security and privacy.
  • Programmability and scalability.
  • Trust and transparency.
  • Reliably high performance.

Is fintech in high demand? ›

These statistics reveal the rapid expansion of the Fintech sector and depict the huge job opportunities available for skilled individuals who have a deep understanding of the technical aspects of the industry.

What are 4 categories of FinTech? ›

In this primer, we will highlight four fintech areas — digital lending, payments, blockchain and digital wealth management — that are of particular interest due to their rapid pace of growth, technological disruption, and regulatory and other risks.

Is FinTech easy to learn? ›

FinTech professionals don't really need deep tech knowledge to make it in the field. They require substantial familiarity with the workings of the different underlying technologies to use them for FinTech innovations. Some of the important capabilities required to build a career in FinTech include.

Is PayPal a FinTech company? ›

PayPal Holdings (PYPL 6.26%) has, over the years, grown to become the iconic fintech company. Founded in 1998, PayPal now serves more than 429 million consumers and merchants.

How do I get a job at fintech? ›

How to Get a Job in FINTECH with NO EXPERIENCE - YouTube

Can you get a masters in fintech? ›

In the News: NYU Stern's MS in Fintech Program

NYU Stern's MS in Fintech Program is designed with full-time working professionals in mind. The program is a one-year, part-time program divided into 1 online and 6 onsite modules, with independent study in between.

What is fintech beginner? ›

A Beginner's Guide for 2022. FinTech (financial technology) is a catch-all term referring to software, mobile applications, and other technologies created to improve and automate traditional forms of finance for businesses and consumers alike.

Will fintech replace banks? ›

Over the projected period, the global Fintech-as-a-service market is expected to rise significantly. The increase in bank investments in innovative technology to improve their services and customer experience might be linked to market expansion.

Why fintech is the future? ›

The more they employ technology to their advantage, the stronger the brand will become, allowing them to weather any storms. Fintech is a growing industry with seemingly limitless opportunities to improve our financial systems.

What are examples of fintech? ›

Examples of FinTech
  • Digital Lending and Credit. FinTech giant Kabbage directly funds small business loans and is powered by transactional data to help make incredibly quick lending decisions. ...
  • Mobile Banking. ...
  • Mobile Payments. ...
  • Cryptocurrency & Blockchain. ...
  • Insurance. ...
  • Trading. ...
  • Banking as a Service (BaaS) ...
  • Global FinTech Solutions.

What is so interesting about FinTech? ›

Fintech is now best known for its cutting-edge technology of artificial intelligence and blockchain. While it simplifies our lives, it also helps companies to improve and automate their processes. Special algorithms and unique software are used on millions of apps today, which complete the “financial technology” world.

What is FinTech degree? ›

The FinTech degree program not only includes traditional finance coursework, but also provides an in-depth knowledge and understanding of the theories and evolution of FinTech, data-driven financial modeling, financial data mining and machine learning, financial data analytics, and new innovations in the financial ...

What do FinTech companies do? ›

In broad terms, Fintech describes any company that uses the internet, cloud services, mobile devices, or software technology to either connect with financial services or to use them.

What are the disadvantages of Fintech? ›

To ensure long-term success, companies need to do everything within their reach to address these challenges.
  • Security Problems and User Privacy. ...
  • Keeping Up with Modern Technologies. ...
  • Quality of Software. ...
  • Industry Regulations. ...
  • Implementing Innovative Authentication Processes. ...
  • Outsource Application Development to Experts.
21 Jul 2021

Why do you want to work in Fintech interview answer? ›

Here's our example answer to this question:

A career in FinTech is hugely rewarding, one of the reasons it's so rewarding is how fast the industry is growing. This means graduates have the chance to gain lots of responsibility and autonomy early on in their career and make a real impact to the industry.

Why do people use Fintech? ›

By leveraging technology to automate tasks, fintech companies can save money on employing people to do the work. They also save money by not having physical branches to service their customers. Overall, fintech companies usually have relatively low overhead costs, which allows them to pass the savings on to you.

What subjects are in fintech? ›

Fintech Courses: Syllabus
Introduction to FintechProgramming skills
Cryptocurrencies, payments, and blockchainCybersecurity
Digital and alternative financeArtificial intelligence and machine learning
FinTech regulationsData and FinTech
23 Jul 2022

What is fintech MBA? ›

MBA (Financial Technology) at CU is a new specialized inter-disciplinary programme primarily focused on developing manpower with know-how and know-why skills required to transform and management of technology used in Fintech services industry.

What is fintech Digital university? ›

It houses the School of Financial Information Systems, the School of Financial Technology, Instruments and Markets, the School of Financial Systems and Analytics and the School of Fintech Innovation and Entrepreneurship.

How is AI used in fintech? ›

Artificial intelligence in fintech can predict a user's behavior by using an interface to integrate various artificial intelligence and machine learning techniques, allowing users to gain detailed insights into their data. These are also called AI APIs and can be used to the advantage of banks and fintech companies.

What are the latest fintech trends? ›

The internet of things

FinTech companies are increasingly using connected devices to gather business-friendly customer insights and make more informed decisions. The increased interest in IoT will see the wearables market grow from $48.89 billion in 2021 to $118.16 billion in 2028.

Where is fintech located? ›

Where is Fintech 's headquarters? Fintech is located in Tampa, Florida, United States . Who are Fintech 's competitors? Alternatives and possible competitors to Fintech may include PayMe , Masria Digital Payments , and finansowo.pl .

Why is China capital of fintech? ›

16. China Internet giants dominate the FinTech space because they — got in on the ground floor when it came to building 'e-commerce and payments' ecosystems. 18. Alipay and WeChat Pay are also used for point-of-sale (POS) payments.

Is Atlanta the fintech capital? ›

FINTECH ATLANTA is a coalition of companies (from Fortune 500s to startups) and other organizations working to advance Atlanta as the recognized global capital of financial technology.

Which country has the biggest fintech industry? ›

United States: the land of unicorns

The United States did not only have the largest fintech companies, but also the highest number of fintech unicorns. In addition, five out of the ten most valuable fintech unicorns were headquartered in the United States.

Which country has the most fintech companies? ›

Countries with the most fintech unicorns in the world 2021

The Unites States leads in the number of fintech unicorns globally as of 2021, having roughly eight times more of these companies than China.

Which country has most fintech startups? ›

The US Has More Fintech Unicorns than the Next 20 Countries...
  • The United States leads in the number of fintech Unicorns globally. ...
  • China follows the U.S, a distant second, with 11 startups attaining the unicorn status. ...
  • The sector is recording massive growth in countries like China and India.
15 Jun 2022

How do I get a job at FinTech? ›

If you are looking to pursue a career in fintech, you need to start preparing from the undergraduate level. Not many institutes offer an undergraduate degree in fintech, but one can always go for alternate programs that can help them hone up the required skill set to excel in fintech.

What degree do I need for FinTech? ›

Bachelor of Science (BS) in Management

The major in finance and the major in business management offer fintech courses. As well as attend three advanced seminars to graduate. This program also covers other degree requirement courses including accounting, microeconomics, macroeconomics, statistics, and business policy.

What do you need to get a job in FinTech? ›

To get a job in FinTech with no experience, the key lies in first getting to know the many layers of the industry and honing your chosen skills. This often includes applying for internships, jumping at opportunities that may come your way, and connecting with people in the field.

Is FinTech hard to learn? ›

FinTech professionals don't really need deep tech knowledge to make it in the field. They require substantial familiarity with the workings of the different underlying technologies to use them for FinTech innovations. Some of the important capabilities required to build a career in FinTech include.

Is FinTech a good career path? ›

Every day, fintech professionals race to create products that run the gamut from budgeting apps to mobile investment portfolios and automated payment software. This uptick in interest and investment has led to significant opportunities for those who want to build careers in fintech.

Where can I work with a FinTech degree? ›

Some of the top FinTech career paths include:
  • Data specialist.
  • Quantitative analyst.
  • Blockchain developer.
  • Cyber security specialist.
  • Risk and compliance expert.
  • App developer.
  • Machine learning engineer/analyst.
  • AI developer.
2 Aug 2022

Is FinTech the future? ›

In fact, experts predict that the industry will exceed $300 billion globally by the end of 2022. Fintech can now be used to describe a variety of finance activities including money transfers, online banking and investment management.

What are examples of FinTech? ›

Examples of FinTech
  • Digital Lending and Credit. FinTech giant Kabbage directly funds small business loans and is powered by transactional data to help make incredibly quick lending decisions. ...
  • Mobile Banking. ...
  • Mobile Payments. ...
  • Cryptocurrency & Blockchain. ...
  • Insurance. ...
  • Trading. ...
  • Banking as a Service (BaaS) ...
  • Global FinTech Solutions.

What's it like working in FinTech? ›

FinTech offers job seekers the chance to work in a highly collaborative and innovative environment. The FinTech industry offers not only an outlet for those seeking a creative challenge but also provides the opportunity for tremendous career growth and professional progression.

What is the scope of fintech? ›

The Indian Fintech industry ecosystem sees a wide range of subsegments, including Payments, Lending, Wealth Technology (WealthTech), Personal Finance Management, Insurance Technology (InsurTech), Regulation Technology (RegTech), etc. The Fintech sector in India has seen a funding of $8.53 Bn (in 278 deals) in FY22.

Which of the following positions offer the highest paying jobs in the fintech industry? ›

Top 5 Highest Paying Jobs in the U.S. FinTech Industry
  1. Blockchain Expert/ Developer. ...
  2. App Developer. ...
  3. Product Owner/ Manager. ...
  4. Financial Analyst. ...
  5. Cybersecurity Expert/ Analyst.

What does a fintech specialist do? ›

They work to prioritize, develop, and launch new products and features that relate to fintech. Information is collected and used to build products and help solve problems. These designed solutions, systems and processes will help operations run smoothly.

Are fintech companies good to work for? ›

Fintech is one of the best industries where you can hone your latest skills and knowledge while working on the job. Currently, many fintech specialists are well-versed with top programming languages and tools such as Python and CI/CD.

Who can apply for fintech? ›

FinTech VS Financial engineering
ParticularsFintech
EligibilityNo specific eligibility. Some top colleges require students to have graduated with 50- 60 percent marks
Job growth25 percent
Entrance examNo specific entrance exam required
Average salaryINR8.75 lakh per annum
5 more rows
23 Jul 2022

What is the downside of using fintech? ›

Lack of physical branches. This can be a disadvantage when there is a problem in the provision of the service, since everything must be dealt with via email or social networks.

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