As recently as April 2020, it was estimated by the ONS that 46.6% of people in employment did at least some work at home as the coronavirus pandemic began to rage in the UK.
Incredibly, some 86% of this number did so directly as a result of Covid-19, with this highlighting how the pandemic has changed attitudes towards remote and flexible working directives.
In this post, we’ll look at why working from home is advantageous in the financial sector, while asking which careers are best in this instance?
What are the Advantages of Remote Finance Careers?
Financial careers have always been in high demand, with this trend particularly relevant in developed economies.
In the US, for example, the projected job growth outlook for accountants is expected to peak at 6% between now and 2028, with the increased demand for this type of professional service (especially amongst new business ventures) affording qualified applicants far greater flexibility in terms of how and where they work.
More specifically, today’s accountants and similarly-skilled financial professionals can secure roles with the provision for remote working in the digital age, while they also have far greater potential to work on a self-employed basis and create their own unique working schedule.
Given the inflated salaries typically associated with financial careers, remote working can also help to reduce the cost of commuting and save money over time.
What are the Best Remote Finance Careers?
At this stage, the next step is to identify the best remote careers in the financial realm, so that you can make the most of this opportunity and your qualifications. Here are the most popular options:
Day Trader: Let’s start with day trading, with this a viable method of forex trading and one that can see investors post consistent returns of more than 300% per annum. A day trader will hold positions in stocks or currency traders for a short period of time, with these remaining open for minutes or hours and never maintained overnight. You never hold positions overnight as a day trader, while successfully executing orders requires you to undertake daily technical and fundamental analysis of the market from home.
Financial Writer: This is perhaps the least obvious remote working option on our list, albeit one that benefits from the highest level of demand. Make no mistake; talented technical writers in this space are always in high demand, especially when it comes to creation of financial analysis and education. This job is also easy to carry out from home as the content can be delivered electronically through a number of different mediums.
Independent Financial Planner: We close with independent financial planners, who often base their offices out of their homes to create a flexible and accessible working environment. This type of career is a little more structured and requires official financial qualifications, while it’s largely focused on helping clients to organise their finances, manage investors and plan the distribution of assets over an extended period of time.