Fintech sector increasingly attractive compared to traditional banking for IT professionals

An increasing number of advertised jobs, higher average pay and IT’s prominent position in fintech is making the sector a more attractive option than the traditional banking sector for IT professionals. Job vacancies in the UK fintech sector increased 9% in the last 12 months, while the traditional UK banking sector advertised 3% less. On average, fintech employees earn almost £10,000 more than traditional banking sector employees. The higher average pay at fintechs is partly down to traditional banks having huge back-office operations where pay is generally lower.

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