Is it possible to work from home in finance?

Hello all,

I've recently become enamored with the aspect of working at home from my computer. Not because I'm too lazy to come into the office. But because I really want to live/travel all over the world (and I hate big city life). I've got no problem spending 12+ hours a day on the computer/phone working, but only if I get to do it under such circumstances.

Working from home in finance


The short answer is no.

In Investment banking the answer is a hard no. The juniors in the investment banking are in the office into the late hours of the night, sometimes, just for "face time".

In the hedge fund
/ trading world, maybe but probably not. You could theoretically trade your own money or trade other people's money by raising capital to start your own "Garage fund"

However raising funds requires credentials, which often means working at an established institution for many years, in an office.

You may be able to work from home a couple of random days if you are a profitable manager. At a hedge fund in order to reach this level of management, you will spend at least a decade in the office and few more years in the managers' role.

What happens if you work from home (or abroad) and you go from golden goose to lump of coal?

from certified user @Bondarb"

I used to work with a guy who traded 85% of the time from his boat/yacht in the Caribbean and nobody gave the guy a problem when he was doing well...of course after he had a bad year his "eccentricity" became less charming and he got canned.

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Comments (13)

Oct 26, 2010 - 6:26pm

In investment banking - no way. This industry is practically built on "face time". People would laugh in your face if you asked to work from home full time.

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Oct 26, 2010 - 9:04pm

traveling mutal fund salesman - no. the whole point of this is that i want to be where i want to be when i want to be there.

investment banking - no. that's a career that REQUIRES a lot of face time. so i'd have to be where my boss wanted me to be, when he wanted me to be there.

FEENANS/SAN FRANCISCAN - day trading - this is very interesting. i've got ZERO problem legitimately working at home. i'm not trying to be lazy here, at all. i just want my home to be a 'fluid' place. i want to travel and live all over the world. setting up this kind of office in my home, wherever it may be, and locking myself in there. i don't really know a ton about 'traders' though...

investment banking, private equity, venture capital, etc...the work done at these kinds of places all seems to require face time. but hedge funds, mutual funds, etc...it seems like there would be positions in those firms where all you're doing is researching on the internet...and then communicating your findings to your superiors. that's stuff that can all be done from home, right?

Best Response
Oct 28, 2010 - 10:20pm
blueadams:
traveling mutal fund salesman - no. the whole point of this is that i want to be where i want to be when i want to be there.

investment banking - no. that's a career that REQUIRES a lot of face time. so i'd have to be where my boss wanted me to be, when he wanted me to be there.

FEENANS/SAN FRANCISCAN - day trading - this is very interesting. i've got ZERO problem legitimately working at home. i'm not trying to be lazy here, at all. i just want my home to be a 'fluid' place. i want to travel and live all over the world. setting up this kind of office in my home, wherever it may be, and locking myself in there. i don't really know a ton about 'traders' though...

investment banking, private equity, venture capital, etc...the work done at these kinds of places all seems to require face time. but hedge funds, mutual funds, etc...it seems like there would be positions in those firms where all you're doing is researching on the internet...and then communicating your findings to your superiors. that's stuff that can all be done from home, right?

just love the demonstrative work ethic and naivete here... good luck getting into a hedge fund without putting in your time... i know a lot of buddies who wanna play in the nfl and bang victoria secret models... they don't do it though... wonder why that is...

Oct 26, 2010 - 9:14pm

I think if you gave a bit more info about your background, you might get some more responses.

The general consesus is that the only way to make real money and work at home in finance is trading your own cash or starting a garage fund. Beyond that, it's not easy at all and is largely dependent on your prior experience and qualifications.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
  • 1
Oct 28, 2010 - 9:38pm

if u r a profitable PM at a hedge fund you can absolutely work remotely. But it does take years of in the office work to get there. I have been in the business for a decade and running my own book for about four years and I am just at the point now where I can occasionally say I am going to work from home and its all good....and its a privilege I invoke very rarely usually on days when my boss is also going to be out. The real senior guys can "go missing" for weeks at a time if they dont feel like coming into the office provided they are making money. I used to work with a guy who traded 85% of the time from his boat/yacht in the Caribbean and nobody gave the guy a problem when he was doing well...of course after he had a bad year his "eccentricity" became less charming and he got canned. Basically when you are doing well you can do whatever you want and people will say you have character, but when things turn you had better be back in the office to take personal, face-to-face responsibility for your losses.

Sep 12, 2021 - 10:06pm

I'd say the answer is yes these days :) 

There's a closer meaning to my user name. Try reading it quickly. Perhaps you will then understand ;P
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Sep 12, 2021 - 10:41pm

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