SOURCE: OneWire

OneWire

June 10, 2009 08:00 ET

Despite Downturn, Finance Job Seekers Optimistic About Career Prospects

According to OneWire.com Survey, 74% of Job-Seeking Finance Professionals Are Confident That They'll Be Employed by End of 2009

NEW YORK CITY, NY--(Marketwire - June 10, 2009) - Despite soaring unemployment rates and the worst economic downturn in decades, nearly three-quarters of job seekers in the financial services sector are confident that they will be employed by the end of 2009. More than half of these job seekers (57%) expect the total compensation for their next job to be the same or higher than their most recent position in finance.

These responses, from a May survey of job-seeking finance professionals, suggest an air of optimism in one of the job sectors hit hardest as the economy struggles to get back on track. The survey was conducted by OneWire.com, a career and hiring management tool for the finance industry.

Survey respondents noted that the biggest hurdles to landing a job include that nobody is hiring (42%), there is too much competition (31%) or they do not have enough experience (13%). Still, regardless of tough times for these job seekers, an overwhelming 84% of respondents indicated that they would still choose to embark on a career in finance if they were given the opportunity to go back to the beginning and start over.

"This survey echoes much of the same sentiment that we're beginning to hear from our users," said Skiddy von Stade, chairman of OneWire.com. "Job seekers in finance know that there is a tough road ahead and while there will certainly be challenges to overcome, they're confident and excited about their career prospects in this industry. At the same time, we're beginning to see finance firms start to turn up the dial on hiring and expect that trend to continue."

In addition to having a positive outlook on the finance jobs sector, 69% of respondents noted that they expect the industry's reputation to improve within the next three years, following a year that has seen massive bank failures, significant government involvement and public backlash to executive compensation and bonuses. 27% of respondents felt that it will take more than three years for the finance industry's reputation to improve.

"Despite all of the storms that the finance sector has had to weather in such a short period of time, we're beginning to see a wave of optimism amongst its lifeblood -- the dedicated professionals who are ready and eager to help the industry as it finally begins to turn a corner," said von Stade.

The OneWire.com survey was administered online May 4 - May 22, 2009. Respondents who took the survey were invited to participate via email and had to indicate that they were currently searching for a finance-related job.

OneWire.com is a career management tool that precisely and efficiently connects finance professionals with hiring financial firms to help them network and achieve career goals.

About OneWire.com

Founded in 2008, OneWire.com is the first online career and recruitment management tool that precisely and efficiently connects finance professionals and companies. Powered by a patent-pending match algorithm, OneWire.com helps candidates achieve career goals, and enables hiring managers and recruiters to precisely and immediately connect with the most qualified finance professionals, reducing expenses, wasted time and inefficiencies. For more information, please visit www.onewire.com.

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