Seven Surprising Stay-Home Salaries
The U.S. Bureau of Labor Statistics reports that at last count, 13.7
million Americans were telecommuting. Only one in four had a formal
agreement in place with their employers. The vast majority simply
arrange with a supervisor to spend a day or two a week out of the
1)In Pursuit of a Telecommute
Highly educated workers were the most likely to telecommute, according
to the BLS study. If telecommuting is your goal, career training can
be a good first step. Online degree programs are also a great way to
see if you've got motivation and discipline it takes to work
The BLS advises telecommuting hopefuls to seek out employers with
established telework programs. Certain jobs and industries are more
prone to this arrangement, and some of them pay really well. Here are
seven stay-home jobs with standout salaries.
More than ever, big companies are farming out their sales forces. But
instead of jobs going overseas, they're going to the suburbs.
According to the BLS, one in five sales reps telecommute. The highest
paying sales jobs usually involve technical and scientific products.
These sales jobs are more likely to require a bachelor's degree.
Studying marketing, business, or communications can be excellent
preparation for this line of work.
Stay-Home Salary: $68,270
Financial analysts help large companies and non-profit organizations
figure out how, when, and where to invest their money. Often employed
by investment banks, mutual funds, and insurance companies, the
independent nature of the work lends itself to working from the home
office. You'll need a bachelor's degree in finance, business
administration, economics, or accounting to get in on the ground
Stay-Home Salary: $70,400
4)Personal Financial Advisors
This is another high finance, home-office profession. Instead of
working with large endowments, personal financial advisors help
individuals manage their money, protect their assets, and plan for
retirement. Financial advisors work for financial services firms or
investment and planning firms. A minimum of a bachelor's degree in
finance, business administration, or accounting is required.
Stay-Home Salary: $67,660
Two career paths that are particularly well suited to telecommuting
are graphic design and computing. These career paths intersect for the
job of Web developers, also called Web designers. These creative
techies craft a Web site's look and make sure it functions. Most
employers are looking for a bachelor's degree, and many schools offer
programs specifically in Web site design.
Stay-Home Salary: $47,000 to $71,500
These tech-savvy telecommuters design and develop commuter
applications. Therefore, they need to be well versed in programming
languages as well as operating systems. A bachelor's degree in
computer science or software engineering is required, but your
education is likely to pay off. The BLS predicts 38 percent growth
through 2016, making this one of the nation's fastest growing
Stay-Home Salary: $83,130
Accounting is all about keeping the fiscal house in order--paying
taxes, reporting earnings, analyzing budgets, and guiding investments.
The individual nature of the work allows many accountants to routinely
work from home. Certification and a degree in accounting are typical
Stay-Home Salary: $57,060
Managers (in any department) are more likely to regularly work from
home. Marketing managers may find creativity blooms with the freedom
of the home office. Increasingly, a master's degree in business
administration is becoming the norm for marketing managers, though a
good track record and a bachelor's degree may suffice.
Stay-Home Salary: $104,400
The Truth Behind the Telecommute
Technically, to be considered a telecommuter you must regularly works
eight or more paid hours at home each week. Telecommuting can cut down
on a killer commute or carve out more time for the kids. It can help
you find a better work-life balance. But let's be clear--there are a
few things telecommuting is not designed for.
1. It is not a substitute for child care. Imagine trying to hold a
conference call while entertaining your two-year-old.
2. It is not for the recluse. The key to successful telecommuting is
communication, particularly with your supervisors.
3. It is not entry-level workers. According to the BLS Occupational
Outlook Quarterly, it is far more effective for employees to make a
case for telecommuting after proving their value.
Working at home can help you save on skyrocketing gas prices, but it
makes financial sense for your employer, too. A study done for the
Federal Reserve Bank of Dallas showed telecommuters earning $44,000 a
year saved their company an average of $10,000. And, telecommuting
options improve morale, productivity, and worker retention.