Freelance Finance Jobs: What to Expect

Freelance finance jobs, can often be better than the conventional office job. There’s a lot more flexibility, and more options for client interactions across multiple areas of finance than the hierarchical organizational approach of finance companies.

Training and Education

The minimum requirement for training and education for freelance finance work is the same as the conventional jobs. A Bachelor's degree in finance, economics, business administration, or accounting is required.

Please note: In the US and other countries, financial advisers are required to be licensed, and these requirements should be considered mandatory.

Professional certification, like the US Chartered Financial Analyst certification from the CFA Institute, are also desirable in private practice. This certification requires a Bachelor’s degree and passing 3 exams.

The Work Environment

Freelance finance can involve a range of roles:

  • Financial advisory
  • Investment advisory
  • Accounting advisory
  • Business advisory

In effect, the freelance finance role is by definition for experts in these roles. This is an important consideration for anyone considering a freelance finance business, because expertise is the real business service.

The work is strongly client focused, and excellent communications skills are required. Dealing with complex data and the levels of awareness of clients can be difficult. The role includes a major element of combined education and problem solving.

The advisory roles are also based very much on these elements. A client may require advice across a range of fields which involve a detailed knowledge of the client’s issues. A business owner, for example, may want simultaneous advice regarding investment options and business accounts problems.

A good place to look for freelance finance jobs and also get a good idea of the requirements of this market can be found on iFreelance, a big US site. This is a competitive bidding site, and the range of roles for freelance finance work is self explanatory. You can also sign up for this site, and post a professional profile. When doing this, make sure to provide a good market presentation of your services, and fully list all your credentials, rates and service specialties.

Wages: Custom rates

Hours: Can be long, particularly in complex cases

Freelance Finance Career Dynamics

For career purposes, freelance finance progresses in stages. The baseline level is the same as a conventional advisory role. As the freelance finance business develops, however, it also expands. The role evolves into a consultancy situation with larger regular customers.

This evolution is actively created. Freelance finance work is based on contracts. The career progression, which includes a “portfolio” element in terms of types of work and achievements, is based on actively seeking new and bigger contracts. This is a logical progression in terms of business development, and can lead to excellent results with selective contracting.

There’s also a strong networking element in freelance finance. Contacts and clients can operate as both active and passive means of getting business. Some business contacts can find regular freelance finance work which in turn generates more jobs.

For the real professionals, freelance finance can also be the next logical progression, creating the basis of a consultancy. If you’re looking for a way of enhancing your career and getting excellent credentials in your field, this may be the way to do it.