Top 4 financial tasks you can do at home

Even before the global COVID-19 pandemic moved most of the financial workforce to work from home, the industry has seen more and more jobs allowing remote work. These jobs range from full-time company positions to independent contractor opportunities.

The following is a breakdown of the four major work-from-home jobs in the financial sector.

Key points

  • Working from home in the financial sector ranges from full-time company work to independent contractor positions.
  • Independent financial planners, corporate finance jobs, day traders, and financial writers are all examples of roles that can be performed remotely.
  • Before the COVID-19 pandemic, these jobs were suitable for working from home.

1. Independent financial planner

Independent financial planners and consultants can locate their offices outside their homes, as long as they provide a professional environment for their practice. The client wants a financial planner to set up a dedicated area for the family business. Other issues to consider include parking, disabled access and toilets.

Financial planners who choose to work from home can greatly reduce their administrative expenses and commuting costs. The salary range of successful financial planners working from home may reflect the salary received by people with similar practices in traditional office work, but there are no associated (usually high) administrative expenses.

If you do not live alone, a key factor in deciding whether to work from home as an independent financial planner is whether your significant other or family members are willing to share their home with visiting businesses and customers.

2. Corporate Finance Profession

These work from home jobs cover several different fields, including financial analysts, certified public accountants (CPA), tax professionals, computer programmers, etc. Many of these tasks are outsourced to independent contractors.

Many computer-based jobs can now be done anywhere, and some employers may be reluctant to justify using expensive office space to accommodate more employees. Before the pandemic, some of these company jobs required employees to attend one or two meetings or presentations in the office every week, and allowed them to complete the remaining work at home.

3. Day traders

Intraday traders hold stock positions in a short period of time, usually a few minutes to a few hours, and carry out a large number of transactions every day. In most cases, all open trades will be closed before the end of the day.

Although day trading does not provide guaranteed salaries or other benefits, it does provide potentially huge returns on capital for those who succeed. Becoming a successful day trader requires more than just lucky guesses; day trading requires the use of specific skills and complex tools, available funds, and emotional endurance.

In order to be successful, day traders need the following:

  • Long-term trading strategies and access to the latest market information, including real-time quotes
  • The ability to correctly interpret short-term market trends
  • Continuous access to multiple real-time news sources
  • Analysis software, allowing day traders to discover trading patterns faster and reduce transaction execution time

Day traders must have the courage to withstand major short-term losses, and they should have sufficient cash reserves. Some mainly focus on trading stocks, while others speculate on derivatives or foreign currencies. Although successful day traders can become very wealthy, even the best traders will see their returns fluctuate sharply from one year to the next. If you need a stable income, this is not for you.

Day trading is not for everyone. Losses may increase rapidly, especially if the margin is used to purchase securities. Margin calls are a major risk.

4. Finance writer

Although the profession of a financial writer may be one of the most unknown in the industry, talented and experienced writers have always been in high demand. In the past two decades, financial news, literary works, and websites have exploded, and the demand for professional financial education and training has also increased.

This job may be one of the easiest jobs to complete at home, because written materials are easily delivered electronically. A competent writer rarely lacks work, especially those who can produce excellent copies within a tight deadline.

Although a degree in finance, economics, or journalism may help you get a higher salary, it is more important to have experience in the financial industry or a major in financial journalism. Some writers succeed by writing consistent professional-level copies on well-researched and financially sound financial topics.

66,744 USD

According to Payscale’s data, as of November 2021, the average annual income of American financial writers. Those at the high end average over $100,000.

common problem

What are the top financial jobs that work from home?

The top financial jobs that can be performed at home include independent financial planners, day traders, financial writers, and corporate finance jobs. Certified Public Accountants (CPA), financial analysts, tax professionals, and computer programmers are examples of corporate financial work.

What certificates do independent financial planners need?

The most commonly held certificate for financial planners is the Certified Financial Planner (CFP), which is a professional title issued by the Certified Financial Planner Standards Committee. In addition to financial planning, CFP also requires expertise in taxation, insurance, estate planning, and retirement. Financial planners can also have other titles, including Chartered Financial Analyst (CFA), Chartered Financial Advisor (ChFC) or Certified Investment Management Analyst (CIMA). Certificates are awarded to those who pass the exam and participate in the ongoing annual education program to maintain their skills and certifications and other qualifications.

How do I become a day trader?

Day trading is not suitable for everyone and involves significant risks. Professional day traders need to have an in-depth understanding of how the market works, various strategies for short-term profitability, and sufficient reserves. Day traders also need access to trading platforms, real-time news and data sources.

Bottom line

For many people, being able to work from home gives them the best of both worlds. They have the job security and income of a normal full-time job, without the time, expense and trouble of going to the office. Like other economic sectors, the financial industry’s labor force became more and more mobile before the global COVID-19 pandemic.


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