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Study shows rebound in executive search

August 16 2010
 
Quarterly growth in the executive search market was at its highest in the second quarter since the low point in the recession 15 months ago, according to a report by the Association of Executive Search Consultants (AESC).
 
The report shows a quarter-on-quarter 12% growth rate in net revenue worldwide and substantial year-on-year growth in the number of search mandates started across most industries and regions. This includes a 42% year-on-year rise in industry-wide revenue and a 38% year-on-year increase in the number of new executive searches started globally.

Executive searches within the financial services industry witnessed the greatest year-on-year growth in Q2 2010, rising 50% from Q2 2009. This growth was closely followed by increased search activity within the technology industry, up 43.5% year-on-year, industrial (39%) and consumer (37%). 

Based on quarterly regional trends, from Q1 2010 to Q2 2010, North America is emerging from the recession first and is the strongest, followed by Asia Pacific and other emerging markets. As predicted, Europe is lagging behind with flat results from quarter one to quarter two this year.

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