Financial Workers Remain Pessimistic About Economy
January 26, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
People who work in the accounting and finance industries remain pessimistic about the economy in the short term, according to recent survey results.
The Mergis Group uses its Accounting and Finance Employee Confidence Index to measure economic confidence among people who are generally positioned to have more day to day insight into the economy.
In the latest survey for the fourth quarter of 2008, the confidence index was 42.6 percent, down 5.9 points from the previous survey, and hitting the all-time lowest mark in index history.
The new figures also found that 76 percent in the survey believe the economy is still getting weaker, up 12 percentage points from the third quarter of 2008. An almost equal margin says that they believe fewer jobs are currently available in their industries, which has led 54 percent of those surveyed to say they have no plans to seek new jobs in the next 12 months.
While many professionals hope to ride out the recession, others are working to position themselves for the various opportunities that will be available when the economy does improve. For many such people, earning an MBA degree, either online or in the classroom, is a great way to gain a competitive advantage.
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Related Article Topics: Business News | Management
