Layoffs No Longer Dominate Wall Street Employment News

There was a time when you could not type “Wall Street Employment” into a Google search without retrieving results for “layoffs,” “job loss” or “financial crisis.”

The dark days may not be over for everyone on Wall Street, but the situation has improved tremendously. Encouraging Google search results are just the beginning.

The Huffington Post (which used to be overwhelmed with depressing tales of Wall Street layoffs) has not updated its Wall Street Layoffs page in more than nine months.

Data from the Bureau of Labor Statistics shows that financial job growth has been rising since January 2011.

Virtually all of the firms that StreetID has interviewed over the past six months have hired new employees, are still in the process of hiring or will be hiring in the near future.

“We’re always expanding and always hiring,” Jilliene Helman, co-founder and CEO of Realty Mogul, told StreetID this month. “We want to grow as quickly as possible but as conservatively as possible.”

Helman said that she is “always looking for opportunities.”

“We’re always looking for stellar talent,” she said. “I’m a big believer in, ‘Your company is only as good as the talent that you bring into it.’ So we’re constantly looking to grow our team.”

In May, Bayard Closser, President of Vertical Capital Markets Group, told StreetID that his firm was hiring in California.

“In the capital markets group we’re actually looking for wholesalers,” he said. “…Between now and the end of the year we’ll hire a number of wholesalers as well as strategic account people. We have marketing positions and operations roles as well.”

Regal Investment Advisors, which ranks among Forbes’ Top 50 Emerging Wealth Managers, is planning to build an entirely new office in Florida. This would require the firm to hire a full staff, including investment advisors, managers, compliance specialists and operations people, to name a few.

Financial firms are also searching for talent in Denver, Colorado.

Earlier this year, economic researcher Chris Martenson found that high-paying jobs are the most secure jobs on Wall Street.

Get Hired Now

These days, job seekers have a million options, but we know where they should turn: StreetID. We built StreetID (a financial career matchmaking website) from the ground up to accommodate Wall Street’s growing community of financial professionals. In good times and in bad, current job seekers and those looking to move on in the future can turn to StreetID and sign up for a free account and make a direct connection with relevant candidates and employers.

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