Therapy for Financial Professionals: Coping With The Demands Of The Job

Mental health challenges—and our awareness of how they affect our professional lives—have become increasingly widespread across the financial sector over recent years. In the United Kingdom, 15.4 million working days were lost in 2018 due to work-related stress, depression, and anxiety. In the same year, 62 percent of financial firms reported increased mental health-related illness in the workplace.

Whether providing investment advice, financial counseling services, or financial planning, finding a healthy work-life balance can feel like a pipe dream. But there’s good news: therapy can help you find sustainable coping strategies and build resilience to stress, even if you’re already experiencing burnout. Here’s how therapy can help you cope with the demands of the job.

What challenges do financial professionals face?

Over the past few years, the COVID-19 pandemic has upended the way financial professionals live and work. At the same time, the crisis has ushered in a new era of workplace mental health, with professionals juggling unprecedented disruptions, financial regulation laws, and work-related stress.

Navigating the 2020 economic crisis has affected financial professionals’ mental wellness and motivation. In the United States, two-thirds of senior financial counselors, planners, and advisors are considering quitting their jobs if workplace stress does not improve. Today, over 80 percent of U.S. workers in the finance sector experience mental health challenges.

If you’re experiencing mental health challenges, you’re far from alone. Financial advisors, financial planners, and financial coaches face a high risk of anxiety, depression, workplace stress, burnout, and physical health issues due to the constant demands of the job. Even if it feels impossible to say “no” to new projects, make time for yourself, or find healthy outlets to manage stress, therapy can make your life so much brighter.

How can therapy help financial professionals?

Finance firms, especially banking institutions, have long been considered demanding work environments. Whether you’re dealing with endless stacks of paperwork, navigating new occupational regulation laws, or helping clients cope with financial stress, therapy can help you strike the right balance between your personal and professional life.

While the support of family members, close friends, and coworkers might help you feel better, therapy is different. Therapists are professionally trained and licensed practitioners with the highest level of knowledge when it comes to mental health issues. A licensed therapist can help you reach the root of your problem, find emotional support, and make positive changes in your mental wellness. Your therapist can help you learn how to say “no” to new projects, develop lifelong self-care strategies, and manage the demands of your job.

Most importantly, therapy helps you become your own therapist. By setting goals, reframing your perspective, and managing your emotions, you’ll overcome your current limitations and find time for the things that matter.

How can you find the right therapist?

Scheduling an appointment with the closest therapist might seem your best option, especially if you’re already dealing with stress or burnout—but that’s not always the case. According to the American Psychological Association, your therapeutic alliance can make all the difference in your mental wellness, even after therapy ends.

When you find the right therapist, it’s easier to open up about your work challenges, express your feelings, and make progress toward your goals. If you want to skip the time-consuming search, online therapy platforms like The Therapy Group of NYC can help you schedule an appointment with a licensed therapist in NYC.

Research consistently shows that online therapy is as effective as in-person therapy for treating various conditions, including anxiety and depression. And if you’re juggling a chaotic schedule, online therapy offers flexible appointment times so you can access quality care without sacrificing your work schedule.

Supportive Therapy for Financial Professionals in NYC

Even if you’re already feeling exhausted, it’s not too late to try therapy. Finding the right therapist can help you manage emotional issues, develop long-term coping strategies, and improve your quality of life.

To find a good match, reach out to a financial therapist through The Therapy Group of NYC. We provide confidential, personalized access to therapists in NYC so you can jumpstart your journey toward mental wellness. One of our experienced therapists will help you put yourself first so you can start feeling better.