Financial writing is a lucrative career. To find the right footing in this industry, you will require adequate preparation and a passion for writing and the economic world. Here are some other tips for anyone who wants to write finance articles.
What does financial writing involve?
Financial writing involves writing predominantly about the money and finance industry. To pursue this occupation, you will require a degree in a relevant money field and journalism. They include technical writing, economics, business, and finance. To fully launch your career, you will require a professional portfolio of content that you have published.
A financial writer generates content that pertains to the money industry. This material involves educational material acquired from textbooks and financial learning guides. It also covers writing commentaries and analysis of the financial market.
Therefore, a financial reporter will perform research, interview concerned interest groups, and produce material about the economy. Additionally, he/she may also write about an economic beat related to entertainment, real estate, government, agriculture, and others.
How to learn to write about finance
So how do you get into financial writing? Like any other kind of writer, to pen financial articles, you will require some vital qualities. Some of them include the following:
- Develop a thick skin. Never quit even if it might seem challenging.
- Develop your financial writing passion.
- Network with other financial writers who are already practicing actively in the field.
- Make sure you write every day. To be an excellent writer, you need to practice daily.
- Seek opportunities in the financial writing field aggressively. It is only through this that you will get your first real prospect and an eventual big break in your business writing career.
- If the opportunity takes too long to emerge, you can always create your website or blog. Read widely about the finance industry and find ideas for your website or blog.
Tips on how to gain financial writing experience
Getting finance writing experience may seem challenging as a beginner. However, if you follow the tips above, you should get on your feet within no time. The following writing tips will assist you in getting into this niche successfully. If you have already launched your career, you can sharpen your financial writing skills:
- Write regularly and post the articles or pieces to a blog (see our tips on blogging). Create a cordial relationship with your readers and audience.
- Target audience: Identify and communicate with your target audience. Consequently, the information that you are disseminating will reach the desired market.
- Feedback: Use reliable feedback mechanisms to determine what your readers or audience think about your writing and the topic you are addressing. By doing this, you will be able to analyze what you write and determine the issues that your audience requires. Additionally, you will gauge your writing and find out if you are improving in your career.
- Endeavor to write clearly and concisely. Write factual articles and produce informative reports. Make use of catchy headings and subtitles.
- Study the experts. Here is Wikipedia’s list of American finance and investment writers to get you started.
Where do you get ideas?
To get ideas for your financial writing, you have to immerse yourself in the money world. Here are a few ready-made article ideas ripe for the picking:
First, if you own a home, chances are you have gone through more than one situation in which you’ve gained knowledge that would be useful for the readers of financial publications. Did you acquire a HELOC credit union? Did you file a homeowner’s insurance claim because of hail damage? Any and all of your experiences are fodder for the keyboard.
Second, check to see if any financial- or economic-related conferences are going to be held in your area. If so, see if you can get press credentials to attend. A publication might be more receptive to your query–even if you’re still somewhat inexperienced–if they know you live in the area and can attend without racking up expenses.
Third, try to maintain a small investment portfolio for yourself. This will be like having your own personal ATM–not for withdrawing money, but for withdrawing ideas.
What is a typical financial writing salary?
A full-time financial writer earns a decent income. However, this depends on their experience and the organization. As a staff member, you might make between $19-$28 dollars per hour. As a freelancer, it can be feast or famine.
There are various kinds of financial writing, and they also contribute to the amount of money that you will earn from your writing. These categories include specialized financial writer, a finance technical writer, investment writers, business writers, content writers or editors, and senior financial writers. For instance, an investment writer is likely to earn the most from their career. Senior financial writer, a content writer/ editor, a business writer, and the specialist writer will follow–in that order.