Finance professionals who work remotely earn 8.9% more than office-based employees
Fancy earning more for doing the same job? Well, new data from the UK’s leading independent job board, CV-Library, reveals that finance professionals could take home 8.9% more than average if they work remotely.
The findings, which analysed over 185,000 vacancies posted on the CV-Library site, showed that the average finance professional’s salary rises from an average of £34,139 to £37,167 for remote-based roles. The table below shows that finance ranked ninth out of the top industries* with the greatest earning potential for remote work:
Industry |
Average salary in 2019 |
Average salary in 2019 for remote work |
Difference in earning potential |
Education |
£31,139 |
£69,175 |
120% |
Consultancy |
£41,198 |
£73,417 |
78.2% |
Graphic design |
£31,243 |
£52,296 |
67.4% |
Sales |
£32,234 |
£51,000 |
58.2% |
Engineering |
£36,129 |
£53,167 |
47.2% |
Electronics |
£38,204 |
£47,500 |
24.3% |
Construction |
£44,727 |
£53,490 |
19.6% |
IT/Technology |
£46,029 |
£55,000 |
19.5% |
Finance |
£34,139 |
£37,167 |
8.9% |
Customer service |
£22,351 |
£24,036 |
7.5% |
Lee Biggins, founder and CEO of CV-Library, comments on the findings: “We’re noticing a theme emerging across key industries, with remote roles being paid significantly more than office-based jobs. Indeed, remote working requires a specific type of person to motivate themselves while working independently. On top of that, you’ll need a specialist skillset to manage without an IT department by your side.
“Clearly, times have changed, and it can no longer be assumed that remote workers earn less. Remote work is a legitimate way of working and as long as you have the technology and facilities to get the job done, it doesn’t matter where in the world you are. So, you may just find that you could secure a more competitive salary by working from home.”
What’s more, the research reveals that the number of remote working jobs on offer has more than doubled (51.7%) in the past four years, as businesses accept the need to change their working practices. This is good news for finance professionals, as a quarter (25.9%) surveyed claimed flexible working was the first factor they looked for in a job advert.
Biggins concludes: “If you’re considering remote work, do your research before going to your boss. Show how many hours you need to be in the office for and check that you’ve got the equipment you need at home. Every case should be handled on an individual basis, so don’t be afraid to argue your personal reasons either. If your long commute is affecting your productivity, say so!”