Financial Services Job Outlook

New study shows finance professionals view of the current job market and economic recovery.


Photo by Jo@net

In a recent survey by the online finance jobs site, OneWire, finance industry professionals revealed a generally positive outlook about hiring and career prospects.

When asked whether they were optimistic or pessimistic about job market conditions, 60 percent of financial professionals said that they are optimistic. This is a dramatic change from a similar survey conducted eight months ago in which 68 percent of financial sector candidates expressed pessimism about the job market.

When it comes to continued economic and employment recovery, most respondents (57 percent) believe that the private sector will be a driving force, compared to 26 percentĀ  of finance job seekers who believe the current White House administration and 17 percent who believe a new White House administration will do the most to help.

The results of the candidate survey come on the heels of the Bureau of Labor Statistics’ jobs report for May, released last Friday, which showed a smaller-than-expected increase of 69,000 new jobs and a rise in the unemployment rate from 8.1 to 8.2 percent. Despite industry optimism, the recent jobs report suggests that there will still be challenges along the road to a full job market recovery.

“Our candidate survey gave us a rare glimpse into how those actively looking for jobs in the financial services industry view their prospects as the market struggles to bounce back from the recession,” said Brin McCagg, co-founder, president and COO of OneWire. “Although hiring remains sluggish, as evidenced by the May jobs report, the survey tells us that a majority of candidates are optimistic about the future, believing that the private sector will play a key role in economic recovery.”

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