Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Administration December 16, 2009
Those Seeking Finance Jobs Willing to Take a Pay Cut
December 16, 2009 (PLANSPONSOR.com) – As are many job seekers during these tough economic times, those seeking finance positions are finding it is taking longer than expected to find a job, so a majority would take less pay to land one, according to a new survey.
Reported by Rebecca Moore
The survey by OneWire.com, an online career management company,
found 57% of people pursuing finance jobs would consider accepting a position
that pays less than their most recent position. Seventy-nine percent report a
longer-than-anticipated job search, according to a news release.
About four in 10 said they are willing to settle for
anything related to their field, double the number of people with minds set on
a specific position or title, according to the online poll conducted in
November and early December.
Still, a majority of those surveyed said they expect
total compensation at their next job will be the same or higher, and two-thirds
are confident they will land a job in the next six months. That confidence
comes as finance firms have stepped up hiring in the past six months, said
OneWire.com Chairman Skiddy von Stade, according to the announcement. The most
in-demand fields include leveraged finance, restructuring, corporate finance,
asset management, capital markets, mergers and acquisitions, and compliance.