Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Job Market Improves For Bankers, Brokers

The economy may be in the throes of crisis, but finding a job is getting easier if you’re a banker or a broker, according to data from a leading recruitment and job search company.

Employment search portal Superjob.ru said Wednesday that the number of job offers for brokers rose from 19 offers in January to 36 offers in July — an increase of 90 percent, although still less than the 52 positions advertised in July 2008. The number of offers for investment bankers grew by 80 percent, from 23 offers in January to 42 in July, down from 71 offers in 2008.

The only position that is more in demand now than it was in 2008 is — perhaps not surprisingly — debt collection specialists. While only 87 positions for debt collection specialists were advertised in July 2008, that number grew to 135 offers in January and to 163 offers in July.

Superjobs said increased demand for certain positions was because of rising equity markets. The 30-stock MICEX

Index is up 58 percent this year as prices for oil, the country’s main export commodity, rose nearly 50 percent from a year low set in February.

Recruitment specialists, however, tell a different story.

“Not long ago, banks and financial institutions cut too many jobs,” said Luc Jones, a partner at Antal. “Then they suddenly realized that things weren’t that bad and started hiring again.”

Many firms in the financial sector announced layoffs late last year, as credit markets dried up and stocks plummeted. Jones said it was still too early to determine if the recent uptick in hiring figures would translate into a broader trend.

“The situation is much better, but companies are still being cautious,” he said. “The job market will probably recover by the end of this year or the middle of next year.”