Back in November, there were reports of impending layoffs on Wall Street and we saw the volume of online job ads decline and we looked at hiring demand for finance related talent. Now that the first quarter is over, we wanted to return to hiring in the Financial sector of New York City to see what demand has recently looked like. Over the past 90 days, there were about 4,400 job ads posted online by financial services employers in the New York metro area. This represents a 16% increase compared to the same time period last year. Hiring peaked early, when more than 2,000 job ads were posted online during January, a new 4-year high seen by this sector.
Hiring Demand by Financial Services Companies in New York City
Source: WANTED Analytics
The 10 most commonly advertised jobs within the financial services sector are below. Sales agents of financial services were the most demanded with more than 1,000 job ads in the past 90 days. As we are in the height of tax season, it isn't too surprising to see Accountants on this list with a higher volume of ads than last year. Of the below 10 jobs, Loan Officers experienced the greatest year-over-year increases, up more than 59% compared to the same 90-day period in 2011. 3 occupations (Financial Analysts, Auditors, and Sales Agents of Securities and Commodities) saw declines in demand versus 2011.
Occupations with Most Job Ads in New York City's Financial Sector
Source: WANTED Analytics
In addition, we wanted to look at some of the tools, technologies, and certifications that financial service companies most commonly require of potential candidates. The 10 most demanded skills required on Wall Street are:
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Excel
- Portfolio Management
- Microsoft Word
- Internal Audit
- Financial modeling
- Asset allocation
- Loan Origination Software
- Microsoft Access
The 5 certifications that are most often required of potential candidates include:
- Certified Public Accountant (CPA)
- Chartered Financial Analyst (CFA)
- General Securities Representative Exam (Series 7)
- Certified Financial Planner (CFP)
- Certified Internal Auditor (CIA)
Find out how easy or hard these jobs and skills are to recruit in your area with our free, online Hiring Scale™. Just tell us what position or skill set you are looking for and the location of the job opening, and we'll show you the Hiring Scale, average salary information, who your competition for talent is, and where you can find candidates.
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