The Financial Planning Association's 2012 – 2013 Financial Planning Compensation Study revealed that 43% of firms intend to hire new staff in 2013. Have employers already begun to increase their hiring for 2013? We looked at hiring trends for Personal Financial Advisors to see if recent hiring demand matches this prediction. As of January 2013, it looks like predictions are on track. January saw the highest volume of job ads posted online in the past 4 years. Over 8,000 job ads appeared online in January, representing a 21% increase over the same time last year. If this trend endures, we may continue to see new highs reached in 2013.
Hiring Demand for Personal Financial Advisors
While the New York metropolitan area had the most job ads for Personal Financial Advisors, Detroit (MI) experienced the biggest increase in demand, growing about 80% year-over-year. Below are the metropolitan areas with the highest demand and their year-over-year growth.
Metropolitan Areas with the Most Demand for Personal Financial Advisors and Their Year-Over-Year Growth
Recruiting conditions for Personal Financial Advisors are likely to be somewhat favorable, scoring a 39 on our Hiring Scale (out of a possible 99, 99 denoting hard-to-fill.) Our Hiring Scale shows 3 cities that score a 5, which indicates that these are the least difficult metro areas to recruit this talent. These cities are Miami (FL), Stamford (CT), and Providence (RI). Although the Hiring Scale indicates that average recruiting conditions aren't likely to be extremely difficult, some cities are experiencing challenges finding candidates. 12 cities score above 90. Recruiters are likely to encounter the most difficulty in Iowa City (IA) where the Hiring Scale scores a 95.
Hiring Scale for Personal Financial Advisors in Iowa City, IA
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