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Fintech bootcamp — worth it or not?

Is a fintech bootcamp worth your time and money?

By Pauline BoudonPublished 2 years ago 3 min read
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Fintech bootcamp — worth it or not?
Photo by Edi Kurniawan on Unsplash

If you've been in the finance or tech industry for a few years or . . . well, ever . . . then you most likely have heard of fintech. You may have also heard about this thing called a fintech bootcamp. You've probably heard that these fintech bootcamps cost about $20, 000+.

But here's the real question: Are fintech bootcamps worth it?

What are fintech bootcamps?

Fintech bootcamps are gaining popularity and have been around for a few years. They are created to help professionals with limited experience become experts in the finance sector. For example, you can learn how to use Excel in finance or how to write code in Python. If you want to learn more about fintech bootcamps, we recommend reading our article on this topic: https://www.proz.com/blog/fintech-bootcamps-worth-it What are fintech bootcamps? Fintech is an abbreviation for "financial technology" and refers to the use of new technologies in financial sectors or startups that offer innovative solutions for financial services (e.g., payments systems).

Fintech is becoming increasingly popular among people who want to change their career path or learn new skills. Fintech bootcamps are intensive courses designed to teach people who have little or no knowledge about these technologies how they work and how they will affect the future of business and finance.

Some courses focus on technical skills, others on management or marketing skills. There are also specializations such as blockchain or artificial intelligence (AI).

What are some advantages of doing a fintech bootcamp?

The benefits of a fintech bootcamp are many. The first is that you get to learn from the people who have been successful in their respective fields. You also get to network with them, and even get to know them personally. In this day and age, it's not enough just to learn about something — you need to know how it works, and why it works.

Fintech bootcamps are also a great way for you to gain practical experience in the industry. You get an idea of what it's like on the ground, so that when you do enter the workforce after graduation, you're already ahead of your peers who didn't take part in these programs.

Finally, there are some companies who offer scholarships if they find someone who meets their requirements and wants to join their organization. These scholarships can range from $500 all the way up to $20K or more!

What are some disadvantages of doing a fintech bootcamp?

What are some disadvantages of doing a fintech bootcamp? The biggest disadvantage is that you’re spending $20,000 on a program where you don’t know if it will work. In fact, most people who do these programs don’t get jobs afterward. They might get interviews but not jobs, so they have to start their own companies or find a job at a different company.

If you do the program and then want to change your mind, there is usually no refund. What if it doesn’t work out? I don’t think anybody should be making money on something like this because it’s too risky for students. What are some advantages of doing a fintech bootcamp? First, you have great instructors who give you access to their networks and mentorships.

You also have great networking opportunities with other students who are going through similar challenges and experiences as you are during the program.

Some examples of fintech bootcamps

FinTech bootcamp — worth it or not? FinTech bootcamps are programs that aim to provide students with a hands-on experience in the world of finance and technology. The course is designed for people who want to learn about financial services, but don’t have any background in finance or programming. The first FinTech bootcamp was developed by Hack Reactor, a San Francisco-based coding school.

It was launched in 2013 and has been running successfully ever since. Some other examples of fintech bootcamps include: The New York Code + Design Academy (NYCDA) offers a 12-week course that teaches students how to build apps using various technologies such as HTML5, CSS3, jQuery, AJAX and AngularJS. The University of Pennsylvania offers an 8-week summer program where students can learn how to apply financial modeling techniques in real time while working with experts from leading companies such as JP Morgan Chase & Co., Goldman Sachs Group Inc., Bloomberg L.P., Morgan Stanley & Co., BlackRock Inc., Credit Suisse Group AG and UBS AG.

In Brief...

You have to understand that financial technology is a relatively new field, which means that its interns will likely be paid very little at first. You may have heard about Goldman Sachs internships, but we're talking about a different kind of industry. That being said, there are still fintech jobs that offer competitive salaries, and this is something you can look into when choosing the program that's right for you.

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About the Creator

Pauline Boudon

👋 I'm a Finance afficionado and happy writer. I love Finance and technology. I hope so much you will enjoy my posts & articles!

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