8 Financial Careers For Professionals Looking to Escape from Hustle Culture

ByAndrew Gosselin CPA Posted on Updated on

Careers in finance have a well-deserved reputation for being extremely stressful. Day traders and stock brokers can reap big rewards if they stick with their careers. Unfortunately they tend to work in high-pressure environments. Banking staffers and economic experts might not have to deal with as much stress, but they can work long hours and often receive little vacation time.

Anyone who wants to find a low-pressure job in the field may want to look past these traditional executive careers and instead check out innovative ways to make a living in the financial space.

1. Internal Auditing

Skilled financial professionals who are ready to leave hustle culture behind but aren’t ready to be their own boss may find that being an internal auditor suits them nicely. Medium and large-sized enterprises need experts who can examine their financial practices and make sure that everything adheres to generally accepted accounting guidelines. Small businesses that are experiencing a period of dramatic growth also have a tendency to build their own internal audit systems, which could offer an even less stressful workplace.

2. Insurance Risk Managers

Business supervisors with a background in the insurance industry can leave hustle culture in the dust when they elect to work as a risk manager. These professionals are tasked with figuring out just how likely a particular outcome is so that they can offer policyholders the right rates. Larger insurance companies are also hiring financial experts who can help them spot fraud. With the industry losing more than $300 billion annually due to fraud, the number of people working in these positions is likely to grow substantially.

3. Portfolio Management

On the surface, financial planning might seem like a very stressful career. Those who provide these kinds of services for individual investors are normally able to meet with them on a personal basis and tend to set their own hours. That makes it a relatively low stress career for those who might already have some experience in the financial industry and want to transition away from a job that sends their blood pressure through the ceiling.

An increasing percentage of portfolio managers do all of their work online and use video chat applications to connect with their customers. Around 40% of existing portfolio managers feel that their careers will change dramatically in the coming decade as the result of emerging technology. That makes this career an ideal choice for those who’d like to work from home

4. Bookkeeping and Accounting

Corporate accounts might be under a great deal of stress, but those who deal with individual taxpayers or work on behalf of small businesses enjoy flexible working conditions. They might be able to set their own hours or only ever meet with their clients when it’s convenient for them to make an appointment. Anyone who might have worked as an accountant for a larger company could transition to work in the private sector without too much difficulty.

All they need to do is learn how to start a bookkeeping business and register their credentials with any relevant authorities. Professionals who already have some experience with bookkeeping should have most of their required documentation on file, making this one of the easiest fields for existing financial experts to get into.

5. Authentication Specialist

Retail investors are actively looking for new products to put their money into, which has led them to explore the art and jewelry markets. While traditionally thought of more as luxury goods, these items have quickly become valuable collectibles that shareholders often add to their portfolios in lieu of financial securities. That’s led to the rise of an entire industry that produces phony merchandise to pass off as genuine.

The ability to spot fake pieces of finery is a marketable skill in the financial industry. Since they usually work on a freelance basis, authentication specialists can make their own hours. Those who run their own office can expect to set their own hours and meet with clients whenever it’s convenient for them. In general, authenticators enjoy a similar work profile to portfolio managers and those who work in other related careers.

6. Personal Wealth Advisor

Wealth planning is another career that lets professionals set their own schedule by negotiating appointment times with prospective clients. It’s also another good choice for those who’d like to transition to a remote workplace. Since it’s now possible to offer qualified retirement plans over the Internet, some online businesses are hiring wealth planners who’d like to work from home. Customers find this kind of arrangement convenient, since they don’t have to travel to meet with a financial officer. That alone should drive growth in this low-stress sector for years to come.

7. Corporate Loan Counselor

Unlike chief financial officers and other high-ranking corporate positions, loan officers who work with large businesses don’t have to deal with large amounts of stress. Since they represent established banks, they generally work regular hours. In fact, their schedules tend to be more reasonable than tellers and other bank personnel who deal with retail customers. Due to volatile conditions in the technology and real estate sectors, corporate finance jobs tend to be in-demand as well. The large number of openings in this space means that anyone looking to get into it won’t have to worry about workplace competition either.

8. Cryptocurrency Analyst

There was a time when nearly every job involving cryptocurrency investing was seen as high-risk. With retirement planners now considering the possibility of adding tokens to 401K plans and regular shareholders looking to put at least some of their money into digital assets, there’s an increased need for experts who can work with clients to build portfolios based around decentralized financial products. Working as a cryptocurrency analyst for individual shareholders is just like working as a retirement wealth planner. Most positions in the field won’t come with too much stress and the hours tend to be rather flexible.

Emerging technologies are creating any number of new investment products, so anyone looking to get a low-stress financial job will want to keep an eye out for new opportunities as well. Just because a particular position happens to be in a new type of industry doesn’t mean that it forces staffers into a high-stress workplace.

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Andrew Gosselin CPA

Andrew Gosselin, CPA is a former senior strategy consultant for a global, multi-billion-dollar software company. He is the Senior Contributor / Editor at MoneyInc, and he holds degrees in accounting, finance, and international business from Bentley University, where he played varsity basketball and was the Lead Tutor of the accounting and finance curriculum for the Bentley Athletic Department. Andrew was named a President's Academic Scholar and was inducted into the Falcon Society, a distinction awarded by the Bentley faculty and his peers for being among those with the highest achievement and abilities in his graduating class.

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