Side Hustles while working in finance
Is it frowned upon in the industry to be a youtuber or content creator that posts about career. For example, videos about how to effectively coffee chat, network, how I landed my $110k salary straight out of college as well as personal finance videos.
I would love to sell digital products too. I feel like other careers are able to make a killing by having no real restrictions on outside activities which allows them to diversify their income.
Can I do that if i work in S&T?
Based on the most helpful WSO content, pursuing a side hustle like being a YouTuber or content creator while working in finance, particularly in Sales & Trading (S&T), can be a tricky endeavor. Here are some key considerations:
Compliance and Restrictions:
Financial firms, especially in S&T, often have strict compliance policies regarding outside activities. These policies are designed to prevent conflicts of interest, protect proprietary information, and ensure that employees' focus remains on their primary job. Before starting any side hustle, you would need to disclose your plans to your employer and get approval. Failure to do so could lead to serious consequences, including termination.
Content Sensitivity:
If your content involves discussing your job, salary, or industry insights, it could raise red flags with your employer. Firms are particularly sensitive about employees sharing information that could be perceived as proprietary or that might reflect poorly on the company. Even general career advice could be scrutinized if it overlaps with your role or firm.
Time Commitment:
S&T is known for its demanding hours and high-pressure environment. Balancing a side hustle like YouTube content creation, which requires consistent effort and creativity, might be challenging. Employers might also question your commitment if they perceive your side hustle as a distraction.
Digital Products and Monetization:
Selling digital products or monetizing your content could further complicate things. Many firms have policies against employees engaging in business activities outside of their primary role, especially if those activities involve financial advice or overlap with the firm's services.
Industry Perception:
While other careers might have fewer restrictions, finance is a conservative industry where side hustles, especially public-facing ones, can be frowned upon. This is particularly true if the content could be seen as unprofessional or if it draws attention to your firm in a way they don't control.
Recommendations:
While diversifying your income is a great idea, working in S&T comes with unique challenges that require careful navigation to avoid jeopardizing your career.
You're PROBABLY ok. Clear it first. It'll be an OBA (outside business activity) don't go around hiding those.
"Can I do that if i work in S&T?"
Your grandmother doesn't work in S&T.........
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