If you want to take your asset manager career to a higher level, moving to Boston offers a great opportunity.
The asset management process continues a revolution fostered by various technology innovations, especially AI and machine learning. These fintech advancements make Boston the place to be for building a lucrative career in asset management.
Let’s examine a few reasons why Boston remains one of the top fintech hubs in the entire world. Use these insights as inspiration for your own potential relocation to New England. The combination of top financial organizations and emerging tech startups makes the region like no other!
Boston’s Thriving Fintech Ecosystem
The thriving fintech community in the Boston area provides one obvious reason for asset managers to relocate. The city is home to over 400 financial organizations, along with 105 highly respected educational institutions. As noted earlier, this unique combination highlights the reason the city serves as an important fintech incubator.
While there are over 350 fintech companies in the area, that number continues to grow on an annual basis. These organizations raised nearly $6 billion in capital, illustrating the growth potential of this thriving sector. Needless to say, career opportunities abound for forward-looking asset managers looking for interesting roles.
Exploring the Growth of Fintech in Boston and New England
As an important center of technology education in the United States, the growth of fintech in Boston comes as no surprise. The Massachusetts Institute of Technology (MIT) remains an important reason for the region’s status as a fintech startup incubator. In fact, the MIT Media Lab serves as a great source for the tech innovations transforming financial operations.
On the other hand, Harvard regularly graduates talented professionals with the necessary entrepreneurial spirit to build new businesses. Notably, the Harvard Business School offers a variety of courses on fintech as well as innovation in general. The mix of these two institutions is arguably the biggest contributor to the growth in fintech startups in Boston.
Additionally, Boston has long been home to important companies in the financial and insurance industries. While these firms tend to be conservative, the fast growth of AI requires a progressive approach to technology. As a result, they continue adopting many fintech innovations at the speed of a smaller startup. This provides various options for career pathways for asset managers interested in relocating to Boston.
If you want to explore fintech opportunities for asset managers, connect with The CERES Group. As one of the top financial and technical staffing agencies in Boston, we know the companies looking for talent. Contact our recruiters at your earliest convenience!
