Better Job Market for Finance?
Has the job market improved for treasury and finance professionals? According to some headhunters, large and even some midsize financial-services institutions have begun hiring, although not at the pace they were a couple of years ago.
Adam Zoia, CEO of Glocap Search, has seen a 50% increase in business in the last two months compared to the two months prior. “This suggests that companies are getting more confident in the future and are slowly resuming the normal hiring that is concomitant with business growth and plans,” he said. “I think it is safe to say that by the fourth quarter of this year hiring in financial services will be more robust than it is today and more robust than the fourth quarter of 2008, but a return to the level of intensity seen in the last few years is unlikely even within the next 12 months.”
Richard G. Lipstein, managing director at Boyden World Corp., said his clients are starting to talk about hiring and, more importantly, they are starting to devote money to the process. “Hiring has picked up to a degree, but it happens in stages,” he said. “It’s a multi-step process. The tone is becoming more optimistic and that often turns into action.”
Lipstein said jobs in fixed income and risk management are starting to appear. He said it will likely take two or three years before hiring in the finance sector resumes its previous levels.
Thinking about looking? Check out AFP’s 2009 Compensation Survey before entering the job market.
Tags: compensation, employment, job market
