Best Work-Life Balance Jobs in Finance
For some, careers in the field of finance may be synonymous with long-hours, stress, and hectic schedules but fortunately there are some finance jobs that offer a good work-life balance. Below, we will discuss five of these jobs, explain what each job entails, how to obtain the proper educational qualifications, and why each one offers work-life balance.
|Job Title||Median Salary (2016)*||Job Growth (2016-2026)*|
|Bill and Account Collector||$35,350||-3%|
|Personal Financial Advisor||$90,530||14%|
Source: *U.S. Bureau of Labor Statistics
Information About Finance Jobs With Good Work-Life Balance
An economist is an individual who conducts research regarding various economic and financial issues, like pricing trends, fluctuations in the market, and employee productivity. Many economists are employed by the federal government while others work for various scientific, research, consulting, and finance companies. While most economists do work full-time and occasionally work over 40 hours per week, it is sometimes possible for economists to work from home, potentially allowing them more time to spend with their family or attending to their personal lives. To become an economist, you typically need a master's degree or Ph.D. to qualify for most positions.
Bill and Account Collector
Bill and account collectors are responsible for getting in touch with individuals, often over the phone, who are in debt and have overdue accounts. It is their job to work with these people to negotiate payments and develop financial repayment plans. Though this job can potentially be stressful, as some debtors may become upset when confronted, it does often provide a higher amount of schedule flexibility, as many collectors are able to work outside of traditional office hours. To become a bill and account collector, you need a high school diploma and will have to complete some on-the-job training.
Financial clerks work in many different types of industries and fields and are typically responsible for keeping track of a company or organization's financial documents and records. This could entail preparing bills that are sent out to customers, purchasing new supplies and materials, processing insurance claims, and managing the payroll. These professionals typically work full time, though the majority of them do not work more than 40 hours per week and generally keep standard office hours, and does not often entail a high level of stress. To become a financial clerk, you will need a high school diploma and will have to complete some on-the-job training.
Personal Financial Advisor
Personal financial advisors work with individuals who need help managing their money and making decisions regarding their savings, investments, and college and retirement funds, to name a few of the issues personal financial advisors are often confronted with. Clients often entrust part of their savings to personal financial advisors, who then must make decisions regarding where to invest it according to how risky or safe their client wants to be. Around one quarter of all personal financial advisors are self-employed, allowing them to set their own hours and have a better work-life balance. To become a personal financial advisor, you will typically need to have at least a bachelor's degree, though a master's degree is likely to increase your job opportunities.
As an accountant or auditor, you will be responsible for managing, examining, and preparing financial documents and records that are in compliance with state and federal tax laws. There are several different types of accountants and auditors, like internal auditors who are employed by an organization to ensure they are properly managing their money and management accountants who are often responsible for keeping track of a company's budget. It is possible for accountants and auditors to have good a work-life balance, especially if they are self-employed and work for individuals, which would allow them to set their own schedules. To become an accountant or auditor, you typically need a bachelor's degree in accounting.