The Professional Services Industry and Executive Recruiting
Senior executive jobs in Professional Services represent only 3% of the retained executive search industry, an $9.8 billion dollar industry between Q1-Q3 2010. Like all sectors affected by the global recession, yearly analysis shows Professional Services recruitment dropping 37% over the first quarter of 2009; however, this same sector is expected to see the seventh highest growth in the second half of 2011 at 23.5%.
Business Consulting, Advertising, Communications and PR, Accounting, and Law Executive Opportunities
Within the Professional Services sector, AESC member executive search consultants are working on executive job placements in Business Consulting, Advertising, Communications, PR, Law and Accounting.
Jo Bennett, Partner at retained search firm Battalia Winston and member of the AESC, is confident that "restructuring is one area of consulting that is growing at the moment; restructuring firms are extremely busy due to so many companies going bankrupt or in financial trouble." She also advises that "consulting to the public sector is safe because budgets have been set for some time, and technical consulting is healthy."
AESC member Jonathan Phillips, who founded Magellan International in 1993, adds: "Accounting firms are rebuilding consulting as they're spun off or as acquired consulting arms non-compete agreements expire. This is a huge demand driver for partners and compensation."
Professional Search Executive Opportunities: Location and Concentration
The Association of Executive Search and Leadership Consultants has over 1,600 member executive search firms around the world specializing in executive job searches for Professional Services executives. Over 1,000 AESC members specialize in executive recruiting for Communications and PR experts. These executive recruiters and headhunters are concentrated in major metropolitan areas around the world, including these top cities for Communications and PR executive positions:
- Chicago London
- Buenos Aires
- Beverly Hills
- Hong Kong
- New YorkMumbai
Within the Advertising sector, there are over 400 AESC member search consultants working around the world. The top cities for executive opportunities in Advertising are:
- New York City
- Hong Kong
Over 260 AESC member search consultants specialize in recruiting for Business Consultants. The top cities for executive jobs in consulting are:
- New York
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