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Worldwide search revenues rise 20%

November 13 2007

Worldwide executive search average net revenue rose 20% year-over-year in the third quarter of 2007, the Association of Executive Search Consultants reported today. And the number of searches begun rose 6.5% year-over-year.

The nonprofit sector registered the greatest year-over-year increase in seaches begun, up 27%. But all industries posted increases, even financial services which was up 1%.

"This is encouraging news, particularly in light of the recent credit crisis," said AESC President Peter Felix. "Although the shakeup in financial markets will inevitably impact hiring in certain parts of the financial services industry, we have not yet seen any major impact in other sectors and our members around the world remain cautiously optimistic."

AESC's report is based on data provided from a sample of AESC member firms representing 1,200 executive search consultants in 42 countries.

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