Are you tired of the numbers rush brought on by finance careers like wealth management jobs, hedge fund positions, and accounting jobs? Those positions often require extremely long hours and can only offer low job stability – they’re not exactly conducive to a relaxed lifestyle. However, there are jobs that allow individuals to work in the finance industry without having to take one of these high-pressure positions: for example, investor relations jobs.
Investor relations jobs can allow a finance-minded individual to work within the industry without having to crunch the numbers themselves. Publicly traded companies often make use of relations specialists to pitch investment opportunities or explain standards and practices to would-be investors. For this job, you need twin talents: you need to be a “people person” with strong public speaking and outreach skills, but you also need the financial knowledge necessary to sell individuals on the benefits offered by your firm.
Because investor relations positions require workers to be proficient in both the public relations and finance skill sets, these professionals come from a wide variety of backgrounds. Depending on the exact tasks a firm is aiming to complete, they may want to hire someone from a PR background, or they may be more interested in hiring a worker whose been employed at a more data-focused finance job.
However, working at the higher levels will certainly require a background in the finance field. An assistant investor relations manager would need at least a few years of experience in order to be successful at the position. And if you’re applying for a manager position, your resume will likely need to sport at least five years of high-level performance in the finance sector. If you’re a firm veteran, however, and are looking for a drastic change from your current position, you could apply to be an investor relations director: these positions often require at least a decade of in-field experience.
As far as careers in finance are concerned, the pay grade for investor relations jobs is relatively low. Payscale.com reports that the median pay for individuals working managerial positions in the relations field is approximately $98,000, but most entry-level positions would start out at a much lower salary.
With investor relations jobs, you’re essentially making a trade: you won’t make nearly as much money as you may have working a different job at a finance firm, but in return you’ll receive much higher levels of job security, and a much more “regular” working schedule. You won’t have to pull all-nighters or stay at the office through the weekend nearly as often as you would, say, with a banking job – which is why the trade-off of a slightly lower salary may be worthwhile to some of the individuals considering investor relations jobs.
Your responsibilities as an investor relations specialist can vary greatly depending on where you’re employed and at what level. If you’re working investor relations jobs in-house at a finance firm, then you could potentially be called on to do essentially any one of a number of disparate marketing or outreach tasks. You could find yourself writing copy for the company on one day, meeting up with potential investors to teach them about your firm on the next and at a bank event taking photos for the next company newsletter in the same week.
More often than not, your expertise as a financial worker will be called upon – which is why the best candidates for these positions often have experience or degrees that span both the marketing and finance fields. For example, your company could theoretically send you off to a series of fundraising road shows, where your job would be to explain your firm’s internal operations in detail. A marketing degree alone won’t teach you about the finance world, and finance experience alone won’t teach you how to market your firm: you need to be proficient in both areas.
This knowledge will also be necessary when you’re called upon to help the company prepare and present its annual reports, or any other documents aimed toward attracting new investors. You may even be put on the spot by shareholders and investors asking about the value of your company’s stock or its financial stability – in some positions, this may even happen every day. In short, the responsibilities of an investor relations professional are wide-ranging, but essentially comprise helping with every effort his or her firm is undertaking to educate potential investors about their stock options.
So if you’re as high-energy and personable as you are well-informed, an investor relations job could be the perfect fit for you within the finance sector. It’ll allow you to call upon your industry knowledge – and you’ll be able to spend your day with other people, instead of staring at numbers on a computer. For a specific type of personality, there’s no better career in finance.