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ARTICLE · 10 JULY 2024

How U.S. Fintech Firms Are Approaching Pay

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As the competition for talent broadens across industries, see what U.S. fintech firms are doing to find, motivate and keep the talent they need.

United StatesTechnology
James Walsh
James Walsh
James Scott
James Scott

Given the global rush toward digital transformation and the desire in every industry have a strong tech presence, the fintech industry certainly has not been immune to the competition for talent. This makes it important for industry organizations to review the sector's talent and rewards strategies against the broader technology and finance markets.

Fintech pay practices

Last year, fintech organizations continued to increase salary budgets despite ongoing economic volatility and geopolitical uncertainty. This was expected to continue this year, driven by the recognition that salaries are critical to attracting and retaining top talent (Figure 1).

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In the United States, fintech jobs receiving the highest average base salary last year included those in:

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