Demand for senior executive talent increased during the first quarter of 2008
despite a slight dip in the tumultuous financial sector, according to a newly
released state-of-the-industry survey from the Association of Executive Search
Consultants. The number of searches for financial services executives was flat compared
with the preceding quarter, but down 7.2 percent from the first quarter of 2007.
The technology sector was also down year over year, falling 5.1 percent.
Financial services is typically the largest executive search sector, but it
dropped to second during the quarter with a 22 percent market share, trailing
the industrial sector’s 24 percent.
Searches for manufacturing executives saw the biggest year-over-year gain, at
10.1 percent.