As a financial coach, I've been asked how I became interested in learning more about money and working to help others manage it too. Some people find managing their money stressful, but if you learn as much as possible and create a plan, finding a career in finance can also help you manage your finances much more effortlessly. To help you find a positive work-life balance and a low-stress job in finance, I reached out to a few business professionals to ask them for their best career recommendations.
From Financial Consultant to Insurance advisor, here are eight careers to help you lower your stress, reduce your interaction with clients or customers, and increase your pay.
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Low-Stress Jobs in Finance
Working as a financial consultant (ChFC) allows you to use your theoretical knowledge in practice by helping companies and people avoid economic issues. Most of your clients have complex financial situations, so thanks to your expertise, you can earn well. At the same time, it's a low-stress job because you play the role of an objective indicator rather than a part of the potential problem, so all you have to worry about is analyzing the client's situation well.
- Natalia Brzezinska, Marketing & Outreach Manager, US Visa Photo
*Average Salary Range: $48,000 - $93,000
A low-stress job in finance that pays well is a financial analyst. Financial analysts are responsible for researching and analyzing financial data to help their company make sound investment decisions. While the job can be demanding, it is generally considered low-stress because it does not involve direct client interaction or sales. Financial analysts typically have a background in accounting or finance, and many companies offer on-the-job training. The median salary for a financial analyst is $85,660, making it a great option for those looking for a well-paying job in finance.
- Benjamin Basic, Content Writer, Fast Food Menu Prices
*Average Salary Range: $57,000 - $70,000
How Finance Works is an excellent resource for anyone who wants to learn more about the world of finance. It is a valuable resource for anyone who wants to understand how money works and how to make sound financial decisions.
Here are some of the key takeaways:
Finance is the study of how money is raised, invested, and managed.
There are many different types of financial assets, including stocks, bonds, and mutual funds.
The value of a financial asset is determined by supply and demand.
The least stressful job in the finance sector is "Accounting." It requires you to build a routine that you can follow daily. It does not require much effort if you have the skill. An accountant is never on the counter and does not have to deal with clients face to face. One of the hardest things in accounting is the terminology. But if you have a bachelor's degree in accounting or business, you must know these terms. The best part is that accounting jobs are also quite well-paying. Another plus point is that almost every business needs an accountant, no matter the niche, so there is never a lack of job opportunities.
- Tiffany Homan, COO, Texas Divorce Laws
*Average Salary Range: $54,000 - $66,000
Related: 11 Reasons to Get Your Masters' in Finance
One low-stress job in finance that pays well is an introductory portfolio manager. This role typically has a team of analysts who help them make investment decisions. This job is a great way to get started in the finance industry without worrying about the high-stress levels of some other jobs. Plus, you can make a good salary and bonus with this position.
- Grace He, People and Culture Director, teambuilding.com
*Average Salary Range: $63,000 - $84,000
Personal Financial Advisor
One low-stress job in finance that pays well is a personal financial advisor. They help people save for retirement, budget their money, and invest their assets. Personal financial advisors typically require a college degree in finance or a related field, but they can earn a six-figure salary.
- Aviad Faruz, CEO, FARUZO
*Average Salary Range: $57,000 - $93,000
Internal auditors play an important role in an organization's compliance. As an auditor, you will be responsible for validating financial transactions conducted by employees within the organization. This could include validating payroll, benefits, invoice payments, and systems compliance. You may also be required to prepare reports of your findings and recommendations to ensure financial effectiveness. As an internal auditor, you will also be responsible for coordinating information gathering with external auditors and submitting quarterly or annual reports.
Projects for internal auditors typically have limited complexity, and low stress due to the nature of the job serving as a checks and balances support role.
- Annette Harris, Founder, Harris Financial Coaching
*Average Salary Range: $57,000 - $69,000
If you are looking for a low-stress job in finance, consider a career as a Financial Planning & Analysis Manager. As an FP&A, you can work in any Fortune 500 or related company or pursue a career in banking structures. Regardless of the organization, you will have similar responsibilities covering putting together profit and loss, preparing summarizing reports and recommendations, or providing commercial analysis on KPIs. The FP&A manager is also responsible for business forecasting and creating financial budgets. FP&A is a 9-5 office job that involves a moderate level of stress. You are mainly occupied with making analyses, providing advice, and managing, while final financial decisions are made at other levels. Nevertheless, be prepared for some ad-hoc requests and fire drills. With seniority, you gain flexible hours, promotions, and, of course, pay raises. As an FP&A manager, it does require 5-10 years of experience.
- Nina Paczka, Community Manager, Live Career
**Average Salary Range: $116,000 - $146,000
Insurance Advisor (Risk Manager)
Want to start a well-paying and low-stress career in finance? Become an insurance advisor. An insurance advisor's role is to help clients choose the right insurance policies tailored to their needs. They may also advise clients on how to use their policies best to maximize value. Insurance advisors must possess strong communication, problem-solving, and persuasive selling skills to succeed in their job. Product knowledge is also a must. Insurance advisors work in various settings, including banks, insurance companies, and other financial institutions. The role of an insurance advisor is of utmost importance as it affects the family's financial well-being. To make the client depend on your experience and advice, you need to be diligent and trustworthy towards your work.
- Agata Szczepanek, Community Manager, LiveCareer
**Average Salary Range: $107,000 - $142,000
Why Are These Jobs in Finance Low-Stress?
Here are some of the factors that contribute to the low-stress levels of these jobs:
Routine tasks. Many of these jobs involve routine tasks that can be completed predictably. This can help to reduce stress levels by providing a sense of stability and predictability.
Predictable hours. Many of these jobs have predictable hours, such as 9-5, Monday through Friday. This can reduce stress levels by providing a sense of balance between work and personal life.
Limited interaction with clients or customers. Some of these jobs only require a little interaction with clients or customers. This can help to reduce stress levels by avoiding the need to deal with difficult or demanding clients.
Of course, not all financial jobs are created equal. Some jobs are more stressful than others, regardless of the above factors. Ultimately, the best way to find a low-stress financial job is to do your research and find a position that is a good fit for your skills, interests, and personality.
*USA National Average for entry-level jobs with 0-2 years of related experience.
**USA National Average for entry-level jobs with five years of related experience.