The global financial jobs services sector is an immense and seminal entity, and one that’s expected to achieve a cumulative market value of $26.5 trillion by the year 2022. This represents an impressive annual growth rate of around 6% in the next two years, with the Asia-Pacfic regions blazing a trail for others to follow in the space.
However, the financial services sector is an increasingly tech-led and connected space, creating a scenario where innovation is changing the market and enabling a growing number of people to work remotely and from home.
In this post, we’ll appraise the best financial jobs that you can do from home, while asking why these roles are so important and alluring in the digital age.
1: Independent Financial Planner
While the financial services sector may be growing each year, the global economy remains in a genuine state of tumult. There may be some correlation between these two distinct trends, however, as people are beginning to realise that speculation is the best way to accumulate wealth in the current climate.
With this in mind, setting up as an independent financial jobs planner represents an excellent career choice in 2020, and one that can help both individuals and businesses to achieve their fiscal objectives over time.
In this role, you’ll often work from home and meet clients in their own office space, while you’ll ideally have a financial degree and accreditation from a relevant body according to the Financial Conduct Authority (FCA).
You’ll also work closely with clients to set manageable goals according to their core budget and expectations, before providing them with actionable advice that enables them to achieve such objectives.
2: Day Trader
For those of you with knowledge of specific financial markets and a desire to generate a more passive stream of income over time, day trading may offer a more attractive proposition.
As a day trader, you can operate within a number of different markets and asset classes, as you look to hold targeted positions for very short periods of time (from minutes to a few hours) in order to optimise the financial potential of these assets and capitalise on sustained periods of market volatility.
Day traders tend to be particularly active in markets such as forex and equities, while they tend to use derivatives and leverage to profit without assuming ownership of the underlying financial instrument. This is fascinating from a risk-reward perspective, although successful day traders have been known to post returns of more than 300% on an annual basis.
To succeed in this field, you’ll need comprehensive market knowledge and a keen sense of determinism, especially if you want to avoid emotive and knee-jerk trading. You’ll also need to manage your capital wisely, as this job will never deliver a fixed or reliable strategy.
3: Financial Writer
If you have experience in the sector and a degree in finance, you may want to pursue a more structured and traditional career path.
If you’re also able to combine these attributes with a talent for writing, you should consider seeking out a career as a financial writer. This also requires a number of transferable skills and leads you slightly astray from the traditional financial sector, but it also offers a broader range of opportunities across the board.
For example, this career would enable you to work directly for online brokerage sites and established financial news platforms, along with finance-themed magazines and offline publications.
One of the key benefits of employing financial writers is to convey complex news and information clearly and concisely, so firms may often work with freelancers in the market to communicate directly with colleagues and customers alike.