Financial advisors feel their job prospects are good despite a sense that the economy is weakening, according to a new survey.
Fifty-nine percent of finance and accounting professionals are confident in their ability to find a new job as of the fourth quarter of 2013, an increase of 10 percentage points over the third quarter, according to the survey by Randstad Professionals, a professional staffing organization. Fifty-seven percent also remain confident in the future of their current employers.
Sixty-nine percent believe they are not likely to lose their jobs in the next 12 months, which is a decrease from the 80 percent who were confident of holding their jobs in the third quarter of 2013.
Meanwhile, 32 percent of respondents think the economy is weakening, a 10 point increase from the third quarter.
The contradictory sentiments are not unusual because people can feel that the overall economy is weakening while their own job prospects are good, says Macon Albertson, a Randstad Professionals senior vice president.
“The overall unemployment rate may be 6.6 percent, but the rate for professionals is probably around 3 percent or lower,” he says. “The financial industry is going to grow faster than other industries. Because of the aging population and the problems being caused by low interest rates, it is a good time to be a financial advisor.”