Hedge Fund Job Postings Decline
Hedge Fund Job Postings in the US Decline 44%
Hedge fund hiring is in decline if job postings is a measure. eFinancialCareers has issued a report noting that hedge fund job openings have decreased by a higher percentage than any other job type in finance. Job listings in the US are down 44%, compared to one year ago. Although a decline in hiring is somewhat predictable given the turbulent market, hedge funds performed very well last year, especially compared to other financial services firms. See our Hedge Fund Career Guide for resources and tips on how to land a job at a hedge fund.In fact, hedge fund job openings have fallen by a larger percentage than any other job type in financial services, according to eFinancialCareers. Postings in the U.S. are down 44% compared to a year ago; by contrast, asset management firms as a whole had 28% fewer jobs to offer.
“Wall Street’s job market may not support a rush of movement this quarter, but we expect more professionals will test the waters,” John Benson, CEO of eFinancialCareers, said.For tips on how to get a job in hedge funds see our Hedge Fund Employment Guide
Those seeking opportunities would be better served looking into derivatives jobs: Firms working with those much-maligned instruments have 19% more openings posted. Fixed-income postings are up 16% and quantitative analytics postings 12%. Source
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