We wanted to take a look at one of the positions that appears every month on our list of the most commonly advertised job titles that we haven't reviewed in a while: Financial Analysts and Advisers. Hiring demand for this occupation has been strong this year, as more people are approaching retirement eligibility and planning for their future. In May, Recruiters posted more than 32,000 job ads online for Financial Analysts and Advisers, an 11% year-over-year increase in hiring. The majority of job ads (about 55%) were for Financial Analysts, while about 10,000 of the postings were for Personal Financial Advisers.
Hiring Demand for Financial Analysts and Financial Advisers – 4 Year Hiring Trend
Below are the 10 cities with the most job ads for Financial Analysts and Financial Advisers in May. The New York City metro area saw the most online job listings, despite declining almost 17% from May of 2011. Chicago and Dallas also saw fewer job ads in May 2012 compared to last year. Boston saw the highest year-over-year increase in ads, up 11% from last May.
Cities with Most Job Ads for Financial Analysts and Financial Advisers – May 2012 vs. May 2011
We also looked at the tools, technologies, and skills that are commonly required in job ads for Financial Advisers and Analysts. In addition to skills that are generally required by most jobs (like Microsoft Office), these professionals need to have and understanding of modeling, reporting, analysis, and project management. Are you surprised by any of these skills that are commonly required in Financial Analyst job ads?
- Business development
- Microsoft PowerPoint
- Microsoft Office
- Risk management
- Microsoft Excel
- Financial modeling
- Financial reporting
- Project management
- Variance analysis
If there is more demand for Financial Analysts and Advisers, will they be hard-to-recruit? Actually, these jobs are likely to be moderately easy-to-recruit, despite increasing demand. The volume of job ads has been rising over the past year, but the current talent pool of qualified professionals should meet demand. Each location will see varying degrees of ease as the local talent supply in some areas may be larger or smaller than average. Across the US, job ads for Financial Analysts and Financial Advisers remain online for 42 days, or 6 weeks. Our Hiring Scale™ shows us some locations where conditions are better than average and Recruiters are likely to see a shorter time-to-fill in these areas. For example, the average duration of an online job ad in Sarasota, FL is just 30 days – almost 2 weeks shorter than the national average!
Best Locations to Recruit Financial Advisers and Financial Analysts
Are you sourcing for Financial Advisers or Financial Analysts? Sign up for a free trial of WANTED Analytics to find out about hiring trends in your city. We'll show you how long job ads stay online in your area, who you're competing with for talent, average salary range data, where to find potential candidates, and more!