Those Seeking Finance Jobs Willing to Take a Pay Cut

December 16, 2009 ( – 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.

The survey by, 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 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.

However, some job-seekers are souring on the finance profession as a result of the recession. Forty-one percent said they do not believe finance is as desirable a career path as they thought two years ago.