June 6, 2011
There are probably more financial planning jobs available than at any time since before the 2008 market crash, but that doesn't mean that it is any easier for employers and entry-level job hunters to make a deal.
Deena Katz, an associate professor of personal financial planning at Texas Tech University, said that while she sees the market for entry-level planners picking up, advisers are more cautious than in the past and are taking more time to make their decisions.
They are concerned about making the right hire, with many extending the interview process to three or more meetings for top candidates. They are also using personality and work skills testing more frequently, she said.
Some advisers who were hired during the hot job market of 2007 and early 2008 were laid off during the height of the recession, and Ms. Katz said that she has seen graduates from those years back in the job market, which is increasing competition for available positions.