Gauri Chhabra
Financial/ Digital Literacy:
To gravitate towards a cashless economy, there has to be a complete change of mindset in India. People have to start trusting other forms of transaction other than cash. RBI and many other premier banks conduct the literacy programmes in the rural areas, especially. However, the literacy levels, especially related to finance and digital usage, have to improve. This is a pre-condition for the success of the digital push or the cashless economy. A nationwide financial literacy campaign accompanied by a medium-term strategy to improve access to, and awareness of, electronic payments has to be launched. Targeted financial education programmes can improve financial skills and credit management, and increase account ownership. The RBI and finance ministry have made Financial Literacy Centres (FLCs) a cornerstone of the PMJDY. These centres provide tailored financial education programmes to introduce adults to banking products and setting financial goals. Well-publicised literacy activities conducted at the 1,400-odd FLCs will go a long way in realizing the vision of a cashless-economy. So, if you have an understanding of the Digital world and are willing to train, there are various job opportunities available for you.
FIn Tech
Due to the change in the way money changes hands, there has been an upscale of Fintech sector with many start ups garnering attention. As credit underwriting for MSMEs remains a challenge, fintech firms bringing in technologies like artificial intelligence, big data, psychometric analysis and social media behaviour analytics to evaluate credit-worthiness is a welcome development. This creates a need for IT jobs that have a confluence of Finance and technology- both as a functional consultant who has an idea of how the system works and also someone who can write code for such applications and has an understanding of Artificial Intelligence and Machine learning.
Cryptocurrency
One thing that is in no doubt, however, is that the phenomenon of the cryptocurrency is here to stay; in fact, it has opened up a whole new sector in the crossover world between the IT and financial investment fields. Cryptocurrencies like Bitcoin and Asiadigicoin have also been the recipients of a positive upswing from Modi’s currency purge.The interest in cryptocurrencies themselves is almost matched by the increasing attention that is being paid to the underlying blockchain technology, which many think could revolutionize the way we do business in wider ways than were ever imagined.
Tech companies, banks, consulting firms and private sector businesses are all hiring blockchain developers, and demand is currently outstripping supply. This has led to a spike in the number of small business consultancies springing up to meet demand and get a slice of the pie.In many cases, large companies will look to build a team around a small core of developers with expertise in blockchain technology. This means a wealth of support roles for anyone with solid software engineering and development skills and a basic understanding of the underlying blockchain principles. You may get a job as a Social Media Marketing Manager (Cryptocurrency), Cryptocurrency Engineer, Marketing Content Manager, Blockchain/Cryptocurrency Associate. It is also true that it is not all about blockchain. Anyone with expertise in aspects such as online security and networking can also play a vital role alongside the developers. You would need to beef up your Engineering degree with the following courses from abroad:
Universities that Offer Blockchain Courses
George Mason University offers a master/phd level course “Blockchain Technologies”
University of Illinois at Urbana – Champaign offers “Cryptocurrency Security”
Massachusetts Institute of Technology offers a course called “Shared public ledgers, cryptocurrencies”
New York University- USA
Duke University- USA
Princeton University- USA
Stanford University- USA
University of California- Berkeley- USA
Mobile wallets
A natural offshoot of a cashless economy is mobile wallet industry. The value and volume of mobile wallet transactions more than doubled in the last year alone and as such the industry is leading the charge to making India a cashless economy. Increased adoption of smartphones and mobile data packages has been one of largest contributors to this growth and as the penetration of the technology increases and mobile data costs come down, the industry is primed for further growth. Mobile wallet providers have now become a kind of mini banking institutions (Payments banks) and it would not be surprising if they will get their banking licenses, and follow the path like Paytm, Airtel etc.
The mobile wallet roles not only include those of developers who make a good product, but also market it in a way that touches every consumer aspect from excellent UI/UX to all basic wallet features to one touch payment -millennial generation – to one to one customer engagement. Then there are roles that can bring about an integration between hardware and software and also an expertise in NFC which is now available on nearly all high-end smartphones. This will be very lucrative if we take into consideration the Government’s agenda of financial inclusion.
Cyber Security
As India shifts to a cashless economy, cyber-threats are at a new high with the number of such incidents occurring in banking systems increasing. This calls for an increase in demand for Cyber security professionals. They use innovative technology to combat hackers, cyber terrorists, network outages, and other technical problems that could compromise network security. There are lots of opportunities in government agencies and defense/aerospace firms for cyber security professionals. However, all kinds of companies are looking for cyber security professionals nowadays. You may get job as an Information Security Analyst,Software Security Engineer, Security Architect, Penetration Tester, Information Security Crime Investigator or a Forensic expert.
Colleges offering B.Tech & M.Tech (Cyber Security) in India
GNA University, Phagwara, Punjab
University of Technology and Management – [UTM], Shillong
Raksha Shakti University – [RSU], Ahmedabad
Graphic Era University – [GEU], Dehradun
Hindustan Institute of Technology and Science – [HITS], Chennai
Some courses being offered abroad:
Cisco Networking Academy, USA is providing free online courses named as CyberSecurity Essentials.
Wilmington University, New Castle, Delaware is providing undergraduate and graduate degree programs
Lewis University, Romeoville, IL is providing BA & BS Degree programme
Masterstudies, UK is providing M.Tech in Cyber Security program
Mercy College, USA is providing B.S And M.S Cyber security Program
Cranfield University, UK, M.SC degree in Cyber Security
University of Salford, UK , M.Sc Degree in Cyber Security.
St. Mary’s University, USA, M.Sc degree in Cyber Security.
Certifications
If you already work in the field of cyber security, you know how important certifications can be. While they are certainly not the end all be all, and will not land you a job on their own, they carry a lot of weight, are definite resume boosters and are sometimes required for employment. Important certifications that those looking to make a career in cyber security should consider obtaining include:
CISSP – The Certified Information Systems Security Professional. If you want to work at the Department of Defense, obtaining your CISSP certification is a requirement. And it carries a lot of weight beyond the Dept. of Defense as well. By getting your CISSP certification you open the door to higher level positions and the possibility of increased pay.
CISM – Certified Information Security Manager. This certification focuses on governance, risk management and compliance.
CISA – Certified Information Systems Auditor. This certification focuses on auditing, controlling, monitoring and assessing information systems and can add a significant pay boost to a cyber security professional’s annual salary.
GIAC – Global Information Assurance Certification. This certification focuses on specialty hands-on technical capabilities such as intrusion detection and forensics among others.
CEH – Certified Ethical Hacker. For entry-level applicants, a CEH certification can be a great way to land your fisrst job or get you into an entry-level position at your top choice company.
Follow our WhatsApp channel
