What Does a Financial Writer Do?

Updated on October 23rd, 2021
What Does a Financial Writer Do?

Financial writers write content related to accounting, money, budgeting, the stock market, and anything related to the world of finance. Financial writers play an essential role in the financial world.

A financial writer creates informative and engaging content for the finance market. This includes financial planning, personal finance, or financial services. A writer must research finance and money, and keep up to date with the market. A successful financial writer must then relay their findings to their audience in easy-to-read yet comprehensive writing.

Writers must keep up with recent market news and news stories and quickly produce content based on their findings. The financial market is a fast-paced environment that demands passion about topics such as investments, money, finance, and reports. They take their knowledge and information and create content for digital or print publications. They can also write educational content, such as articles and learning guides, focused on financial markets.

Financial writers make their writing appeal to a wide audience. There can be different levels of in-depth knowledge that the writer can get into, depending on their audience. A successful financial writer knows how to properly communicate with their audience, and what medium to use.

A financial writer reports facts while examining the market at the same time. They must have an excellent grasp and expertise on economics and journalism to create quality work. If you have a background in finance, such as financial planning, you look into a career as a financial writer.

A few areas where financial writers work:

  • Financial institutions: This includes creating educational articles about financial topics. Writers also have the opportunities to create learning guides, curate comprehensive textbooks, and create e-learning modules.
  • News and media outlets: Writers working in this area use their writing skills to provide personal finance opinions in online and print outlets. You write blog posts, social media posts, or commentary pieces about finance and the ever-changing market. This type of job would enable you to create an impressive portfolio and showcase your writing skills.
  • Publishing houses: Publishers and publishing houses also hire financial writers. These jobs are a good opportunity for you if you are interested in working on different jobs, or on a contractual, freelance basis.
  • Investment newsletters and magazines: If you have experience in writing about investments or stocks and bonds, you can write for a newsletter or a magazine. You can create a steady income by writing for these outlets.
  • Freelance: If you have a strong portfolio, you can try being a freelance financial writer. There are many financial writer jobs available today. You can focus your skills on financial services, personal finance, or you can become an investment writer.

Responsibilities and Requirements

As a financial writer, these are some of the things that you are responsible for.

    • Create and maintain documents and information about the financial industry in an array of formats.
    • Research current financial market trends and outcomes to create engaging content.
    • Use SEO practices when you create your content.
    • Publish your content using different outlets such as white papers, social media, blog posts, marketing, and so on.
    • Ensure a consistent tone of voice that is in line with the brand and its audience.
    • Be well versed in an array of financial topics and be accustomed to describing financial markets, products, and economic activity in an easy-to-read manner.
    • Use strong project management, written, and oral communication skills.

Education Requirements

To become a financial writer, you do not need a specific educational background. Many financial writers have a four-year college degree in a related field such as finance, business, journalism, or English. Having a background or experience in one of these fields is helpful to become a successful financial writer. A Master's degree is not necessary, although it may help you get a job with higher pay.

Valuable Skills

Financial writers have an investigative journalist's talent to create high-quality, clear, and coherent information. They can easily dissect multiple pieces at a time, be well informed about upcoming events, predict upcoming market trends, and have an overall passion for finance.

These are some valuable skills that can help you succeed in jobs as a financial writer.

  • Research and keep up with market trends.
  • Know accounting principles. Search for business classes in your local community that can help further your education about finance.
  • Learn different methods to display your content. Look into in-demand applications, explore new e-learning programs. Find different ways that your content can reach users and learn how to use the newest tools.
  • Have the ability to work with a team. Many times financial writers work with other team members such as financial analysts or web designers.

How to Become a Financial Writer?

The financial market changes rapidly, and there are always financial writer jobs. If you want to break into financial writing, you must have a strong background and knowledge in finance. Work experience or higher education in the field will set you apart from the crowd.

These are a few additional things that can help start your career in financial writing:

  • Gain more knowledge. Sign-up for online classes about personal finance, read articles daily about the changing market trends, take certification courses.
  • Find your niche. You can focus your career in financial writing in different ways. What medium do you want to work with? Web? Newspapers? Personal commentary? What area do you want to focus on?
  • Learn the lingo. Financial writing is clear and comprehensive. Take a look at other financial writers and see what style they write with. Make a note of the lingo that they use and the way they form their documents.
  • Showcase your work. Create a strong portfolio that you can send to potential employers. Keep up-to-date on the market changes and write strong pieces that you can send to showcase your skills. If you don't have any experience yet, maybe try to use a personal experience that you had and write about it. For example, you invested in cryptocurrency and want to tell others how you did it. You can write an article about it and get it published through the web. This helps get you exposure and practice.
  • Network.  Connect with people in the financial services field. This will also let you know when there are new job opportunities.

Is It the Right Career for You?

If you have a thirst for finance, a passion for writing and a desire for an exciting and evolving career, a career in financial writing may be right for you. You can work in many different fields, with different mediums, and about different topics.

You can work for different companies, news outlets, or even try your hand at freelancing. Having a knack for client relations is a good way to maintain a steady client flow. Experience and education are the two essential components to becoming a financial writer.

The average salary is between $71,000 to 75,000. PayScale lists the average salary as $66,000 and Salary.Com says it ranges between $60,000 to $75,000.

The world of a financial writer is wide and exciting. Are you ready to take the plunge?

If you are new to technical writing and are looking to break in, we recommend taking our Technical Writing Certification Course, where you will learn the fundamentals of being a technical writer, how to dominate technical writer interviews, and how to stand out as a technical writing candidate.