Securities Job Searches Slow
November 2001

An Internet employment Web site for securities professionals and firms saw a 25 percent decrease in visitor sessions from August to September of 2001.

Registration for BROKERHUNTER.com by potential employers and employees specifically dropped following the Sept. 11 terrorist attacks as “everybody was in shock for a few weeks and everything just ground to a halt:, said Steve Testerman, CEO of BROKERHUNTER.com in Roswell, GA.

November and December should continue to be slow, he said as it takes about two months before his firm sees the ripple effect of changes in business hiring.

However, Testerman said he was upbeat about the future of his financial jobs network. He said the company had a record month in August before its 25 percent drop in business.

He expects the market to normalize as early as the first part of 2002. BROKERHUNTER.com has already started seeing “stirrings of activity” from larger firms loosening hiring freezes that were in place during 2001, he said.