Sharp Uptick in Job Seeker Registrations Noted on Specialty Site, WallStJobs.com

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But a similar rise in specialty firms looking to hire might mitigate the impact.

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The most corporate activity is being generated from hedge funds, insurance firms and the specialty or boutique firms that have narrow industry focus. These companies are looking to make contact with individuals who have not been on the market before.

The stunning events on Wall Street have sent many denizens of the financial community into job hunting mode. “There has been an 8 % rise in the number of new and updated candidates on our site in just the past two days,” said Robert Graber, founder of WallStJobs.com. “And we have noted that the existing client base is staying online an average of almost two hours longer than last week.” Graber feels that the increased company time reflects enhanced interest in reviewing the new candidates and in initiating dialogues with the new registrants.

“The most corporate activity is being generated from hedge funds, insurance firms and the specialty or boutique firms that have narrow industry focus. These companies are looking to make contact with individuals who have not been on the market before.”

Graber said that many of the companies looking on the site are taking advantage of the turmoil. “Many of these firms are now able to approach candidates who heretofore would move only to large institutions where they took similarly structured positions. But the landscape changed as of today and many of those transitions are no longer possible. But if candidates are flexible with respect to perhaps moving into a smaller operation or into another segment of the financial services industry, it may well open up new opportunities to successfully re-situate themselves and provide a slightly different, but still rewarding career trajectory.”

Mr. Graber was somewhat sanguine about the current conditions. “The diversity and apparent interest of firms both regionally and nationally would seem to offer the possibility for new-to-the-market candidates to find new positions depending on their requirements. But if the number of candidates escalates even more sharply in the next few weeks, then it will be far more difficult for those individuals to find a new positions as firms will have already staffed up in this talent-rich environment.”

About the Company: WallStJobs.com, the premier recruiting source exclusively for financial service professionals, is a member of the Jobosaurus family of uniquely specialized recruiting sites.

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

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Marc Silbert
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