Financial Analysts – Jobs. Trends. Insight.

Best Places to Look for Work – Financial Analysts

By Charles Thibault on August 11, 2009 in Business/Finance.

The best place for Financial Analysts (SOC 132051) to search for work is the combined Washington, DC and Baltimore, MD area, taking into account both the Supply/Demand Ratio and the total count of online job ads.

Three major cities in Florida exhibit strong Hiring Demand for Financial Analysts: Tampa (S/D 190), Jacksonville (S/D 185), and Orlando (S/D 159).

Other areas that show strong demand for Financial Analysts are Omaha, NE (S/D 227); Portland, OR (S/D 204); San Diego, CA (S/D 169); or even St.Louis, MO (S/D 163).

WANTED's Supply/Demand Ratios™ measure Hiring Demand for an occupation relative to the number of workers already employed in that occupation in a geographic market. S/D Ratios are measured on an index scale, with values greater than 100 indicating Hiring Demand stronger than the national average.

S/D results are summarized in this table and "heat map", both of which are available on our Supply/Demand Ratios page.

Source: WANTED Supply/Demand Ratios

Loan Officers Bright Spot for Financial Specialists

By Charles Thibault on June 2, 2009 in Business/Finance.

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Hiring demand for Financial Specialists is down 26% overall compared to the same period a year ago, and down 47% when looking at the three major national boards, according to WANTED Analytics™ 2.0. On a month-over-month basis, hiring demand has grown for the past three months, indicating a stabilization of hiring demand for these occupations. The worst year-over-year drop was 37%, experienced in mid-February 2009.

A bright spot for Financial Specialists is an increase in hiring demand for Loan Officers, up 26.8% compared to a year ago. When looking only at the three major national boards, demand for Loan Officers is down only 7%, which is still the best performance of the group.

SOC Code	SOC Title	Employment (May 2008)	% of 13-2000, Financial Specialists	YoY % Change, HDI	YoY % Change, HDI, Major National Boards
13-2000	Financial Specialists	2,470,440	100.0%	-26.2%	-46.8%
13-2011	Accountants and Auditors	1,133,580	45.9%	-41.2%	-52.4%
13-2072	Loan Officers	321,850	13.0%	26.8%	-7.0%
13-2051	Financial Analysts	236,720	9.6%	-42.1%	-51.9%

Hiring demand for Accountants and Auditors, which represent 45.9% of Financial Specialists with more than one million workers, is down 41.2% compared to the same period last year. Demand is down 52.4% for these occupations on the three national job boards.

Hiring demand for Financial Analysts, the third most important Financial Specialist in terms of total employment, is also down 42.1%. Demand for Financial Analysts is down 51.9% on the three major boards, quite similar to Accountants and Auditors.

Strengthening of hiring demand for Loan Officers may show a "return to normalcy" for this occupation following the mortgage collapse. The steep declines for Accountants and Auditors, as well as for Financial Analysts, however, point more towards a generalized malaise concerning the state of the economy.