I currently work as a portfolio analyst at a REIT and am looking to make a switch to a non-REIT role ASAP. Is it just me or is there absolutely no job postings right now?
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Ah, the job market can be a real jungle sometimes, can't it? Based on the most helpful WSO content, it's not just you noticing a scarcity in job postings. There have been several discussions on Wall Street Oasis indicating hiring freezes and a lack of job postings in various sectors, including finance. Here are some insights:
Hiring Freezes: There have been mentions of hiring freezes, particularly in London, as noted in a post from March 2019. While this is a bit dated, it reflects that hiring freezes aren't uncommon in response to economic uncertainties.
Entry-Level Positions: A post from July 2020 inquired about entry-level positions, indicating that job seekers were struggling to find openings even at the entry-level.
Full-Time Recruiting: An August 2022 discussion highlighted concerns about full-time recruiting being late or non-existent for the year, with applicants sending out numerous applications but receiving few responses.
Market Sentiment: A post from January 2023 expressed a rather bleak view, suggesting that there were no finance jobs available globally and advising those with jobs to hold onto them tightly.
Economic Indicators: The Daily Peel articles from 2022 and 2023 have pointed to a cooling labor market, with one article from April 2023 mentioning a decrease in open jobs in the U.S. to less than 10 million, a figure not seen since May 2021.
Given these discussions, it seems that the job market has been tight, and you're not alone in your experience. However, it's also important to keep networking and stay vigilant for opportunities that may not be widely advertised. Sometimes the best roles are filled through connections rather than job postings. Keep swinging through the vines of networking and keep your eyes peeled on WSO for any new opportunities that might arise!
Sources: https://www.wallstreetoasis.com/forum/investing/winning-the-war-on-inflation-the-daily-peel-452023?customgpt=1, End to a Rough Quarter | The Daily Peel | 6/30/22, Amazon's got the Benjamins | The Daily Peel | 12/9/21, Lack of incoming FT analyst updates, Are there any Entry Level Positions Opening Right Now?
It’s a bad job market. Real estate is rough right now.
Real estate is over staffed right now at all levels
Happens every cycle
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