Lehman, Merrill Lynch, and AIG News Significantly Increases Job Seeker Registrations On WallStJobs.com

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Middle-market and boutique firms seem poised to acquire newly available talent following recent news regarding the futures of Lehman, Merrill Lynch and AIG.

And we have noted that our existing client base of employers is staying online an average of almost one hour longer than they did last week.

The stunning events surrounding Lehman, Merrill Lynch and AIG have sent many denizens of the financial community into job hunting mode. "There has been a 17% 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 our existing client base of employers is staying online an average of almost one hour longer than they did last week." Graber feels that the increased time that these companies are spending on WallStJobs.com reflects enhanced interest in reviewing the new candidates and in initiating dialogues with the new registrants.

"Most of the corporate activity is being generated from middle market companies, hedge funds, 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 recently."

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 would otherwise only move to large institutions to take similarly structured positions. As the employment landscape continues to change, 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 resituate themselves and provide a slightly different, but still rewarding, career trajectory."

Mr. Graber was somewhat optimistic 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 WallStJobs.com
WallStJobs.com is the premier recruiting resource exclusively for financial service professionals and 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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