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Finance Recruiters Face Competitive Market in New York As ’08 Crash Becomes Distant Memory

Finance recruiters for Accounting and Finance have a tough task at hand. They are single handedly responsible for matching excellent companies with qualified candidates to meet the needs of the ever growing field of numbers, which is the base for any business. Like all other recruiters, finance recruiters are responsible for client business and development. Candidate sourcing, screening and successful placement is always key. Financial recruiters also harbor a skill set that delivers maximum quality that helps meet the needs of companies when searching for the right candidate for their company. This skillset is often excellent communication skills, a sense of finesse, sharp business acuity, and always being financially savvy.

What kind of jobs do Financial Recruiters help fill?

Financial recruiters help place candidates in positions such as the following:

  • financial planning and analysis
  • tax
  • investor relations
  • accounting
  • financial reporting
  • mergers and acquisitions
  • treasury capital markets
  • audit

With such an area of focus, it is no surprise that for someone with a career in finance, it would be a dream come true to land on the streets of Wall Street. For anyone who aspires to be an “A-lister” of their financial accounting ways, any street of New York would be desirable and a fantastic location destination to pursue any career in finance, and the same rings true for financial recruiters.

What can one expect entering this field?

According to the latest data from the United States Department of Labor Statistics, business and financial occupations median salaries as of 2015 range anywhere from $46,840 (for meeting, convention and event planners) to $89,160 for personal financial advisors. While many have recovered from the crash of 2008, a few are still wary to return to business as usual. However, just last year, according to the New York Times, major investment banks raised their base salary for recent college graduates to an impressive $85,000, a $15,000 increase from the previous five years. This increase has many rushing to be a part of New York’s popular financial sector again, causing many with experience to re-enter a field they once exited in fear. In fact, fears about Wall Street can even be calmed by the 120,000 jobs added to the private sector just last year, according to labor.ny.gov.
For every major business, more than one financial specialist will be required, and a financial recruiter is the “go to” person to make that happen. For example, a company may need someone to assist with their financial planning, and another to make sure it’s compliant with any audits it may face. In addition, should the company decide to purchase a competitor’s investments or merge altogether, they will need someone with expertise in the sector in order to move forward.
Overall, the financial market in New York is highly appealing, with many recent graduates entering the market without much memory of previous market scares. With markets booming at pre-crash rates, and a state-wide unemployment dropping by .2 percentage points, it’s easy to see why the financial sector is not only New York’s most prominent field, but also its most popular.

Sources:
http://www.yourcareerintel.com/the-big-picture/accounting-finance-recruiter/
http://www.bls.gov/ooh/business-and-financial/home.htm
New York Times
Labor.ny.gov