For many people, leaving a high-paying finance position sounds risky. But for one former equities trader, it was the key to rediscovering his passion. After realizing the long hours and intense environment weren’t sustainable, he took a leap of faith and returned to what truly inspired his: education.
Today, he tutors students and young professionals on subjects ranging from economics to standardized test preparation. Working just 20 to 25 hours a week, he has achieved a profitable side hustle charging up to $1,000 an hour. Feeling curious about how you, too, could start a lucrative venture? Read on for his top tips.
How leaving a high-paying Wall Street career can open unexpected doors?
In 2014, this finance professional recognized that his job no longer brought fulfillment. he’d previously worked as a tutor and teaching assistant, so returning to education felt natural. The choice to switch paths began with an honest assessment of hisstrengths and the kind of lifestyle he wanted. The result? A more meaningful career and a flexible work schedule.
One of the first steps is research: talk to individuals already in the field. What do they enjoy? Where do they struggle? Then, consult friends and colleagues who know your abilities. In his case, sending out resumes to tutoring agencies helped his secure early opportunities. Would he do anything differently? Yes—he’d network even more to learn best practices from seasoned tutors and join established educational networks sooner.
Why setting the right tutoring rate is crucial for long-term growth?
Starting out at $50 to $100 per hour allowed his to gain experience and credibility. Over time, he raised his prices while partnering with agencies that recognized his advanced expertise. Worried about undercharging? Begin by calculating your minimum acceptable rate—then plan how you’ll grow from there. Can you be penalized for charging too little? Absolutely not. But undervaluing yourself might limit your future potential.
Not everyone wants to juggle administrative work or manage a large team. This ex-Wall Street trader discovered he loves hands-on teaching far more than paperwork. That’s why he remains an independent tutor rather than expanding into a full-scale agency. His advice? Identify the core elements of the job that energize you. Then, craft a business approach that highlights those passions. Below is a quick comparison of key considerations:
| Aspect | Typical Finance Role | Independent Tutoring |
|---|---|---|
| Schedule Flexibility | Often Limited | Highly Flexible |
| Primary Focus | Investor Relations, Reports | Direct Interaction with Students |
| Earning Potential | High, but Demanding | Variable, Can Increase Over Time |
Ultimately, he emphasizes that no one should live by someone else’s script. Taking a radical step—like leaving a steady job—might feel scary, but it can also open doors to a life that aligns with your goals and values.