Demand for workers in the capital market plummeted 30% during the first quarter of 2008 compared with the first quarter and by 27% compared with the second quarter of 2007, according to Starting Point Assessment and Placement Ltd. The company specializes in job placement for the financial sector.
Starting Point CEO Ehud Cohen said that the drop in demand for workers had not yet caused a drop in salaries in the capital market. However, he predicts that, following the sharp rise in salaries since 2004, salary levels would soon begin to fall if layoffs commence.
According to Starting Point's updated salary index, published today, salaries in the capital market are somewhat higher than before, at least for the moment. A trader with average seniority earns a gross monthly salary of between NIS 9,000 and NIS 17,000, a senior analysts earns NIS 18,000-25,000, an investment advisor with average seniority earns NIS 12,000-20,000, and a research department manager earns NIS 25,000-32,000.
Published by Globes [online], Israel business news - www.globes-online.com - on July 9, 2008
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