Discover your dream Career
For Recruiters

The most in-demand fintech employees aren't AI engineers

You can't take two steps out of your front door without someone bringing up AI in 2023. In the fintech industry, it’s naturally an area many are exploring but, from a hiring perspective, the Chat-GPT boom really isn’t that big a deal.

At the 2023 Sifted Summit, Louisa Süsserott, head of talent advisory at VC firm Cherry Ventures, said she is “not seeing a high demand for AI and data people beyond what was already there.” While AI seems like a hot new thing, she says, “it was always in there in your data teams.”

What many think when it comes to AI these days is the exciting research done by companies like Anthropic and OpenAI. Fintech doesn’t have the luxury of working in that space in this difficult funding environment.

The funding crash meant “whole teams had been working on very large projects that never saw the light of day,” says Süsserott. “They never got to deliver what they’ve been working on.” She says that the “frivolous projects” of yesteryear are no longer happening and, given the massive salaries these AI researchers are offered elsewhere, most fintechs choose not to compete.

So… what’s kind of employee are fintechs actually looking for? “We’re particularly short on really good designers,” says Süsserott. “They’re in high demand.” 

Click here to sign up for our fintech newsletter

Fintechs also need people for 'go-to-market process,' a role which is evolving. Süsserott says fintechs want “people that have actually gone out there, done it and know the market conditions.” Given the newness of fintech, she says “there used to be a lot of smart people that were just thrown in there, now there’s people with more experience.”

An area that is far from in-demand, but that perhaps should be, is finance. Süsserott says finance teams consist of “maybe six or seven people, they can be very under the kosh.”

One summit attendee experienced this firsthand. “I came into a company that existed for about 2 and a half years already as its first finance manager,” he said. “The day I came in, I thought to myself ‘how do you still even exist?’”

Click here to create a profile on eFinancialCareers and make yourself visible to recruiters hiring for top jobs in technology and finance. To stay informed, Sign up here to get Morning Coffee in your inbox or sign up to our new Fintech Newsletter

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Jasper Garratt on Unsplash

author-card-avatar
AUTHORAlex McMurray Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Mason Blake
Global Equities Investment Specialist
Mason Blake
London, United Kingdom
Wellington Management Company, LLP
Director, Program Management
Wellington Management Company, LLP
London, United Kingdom
PER, Private Equity Recruitment
Investment Analyst, Top-Tier Investment Manager, London, UK
PER, Private Equity Recruitment
London, United Kingdom
Wellington Management Company, LLP
Derivative Operations Analyst
Wellington Management Company, LLP
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.