Australia’s FinTech leaders: Education, work experience, and eagerness of self-employment

Abstract

In recent years, many FinTech start-up firms have poured into the FinTech landscape. Since FinTech leaders (including founders and chief executive officers (CEOs)) have a major impact on the performance of their respective firms, research studies on FinTech leaders are indispensable. This paper discusses our study to investigate three major dimensions (education, work experience, and eagerness of self-employment) of FinTech leaders in an Australian context. We also compare these dimensions between FinTech founders and CEOs. Overall, we found that: (a) The majority of FinTech leaders are degree holders and one-third of them have a master’s degree. (b) Only about one-third of leaders with a master’s degree hold an MBA. (c) Only 19.4% and 11.1% of degree-holding leaders were graduated from the IT and finance discipline, respectively. (d) Only 19.0% of leaders have previous IT work experience and the mean years of such experience is only 2.0. (e) 54.8% of leaders have previous finance work experience and the mean years of such experience is 6.7. (f) When compared with CEOs, founders are more likely to hold a master’s degree and are more eager to be self-employed.