Senior Executive Market Updates – Anticipating 2023

There are plenty of articles and blogs with predictions for the year ahead – what are the tech trends to watch out for, how will the global economy be reshaped given current global inflation issues, energy supply problems and the war in Ukraine.

What is clear from the feedback we get from the InterExec global network of highly experienced Search Consultants is that the market for Senior Executives will remain challenging. Corporates, Start–ups, Family Companies in a wide range of business sectors and in the majority of geographic markets will be hunting for Senior Executives who can lead the transformation of business, develop the new strategies and drive growth.

In this market, assuming as part of your thinking about the year ahead you are considering hunting for a new challenge or the direction of your career, getting underway with that process as the market opens up may well be a good move.

Current situation update:
Demand for FD / CFO level candidates seems to have started the year very strongly as has a demand for candidates with an FMCG or consumer goods background.

In mainstream FS and Professional Services, the trends set in late 2022 continue into 2023.

In Financial Services Search Consultants are currently interested in candidates from the following sectors

-Private Equity
-Risk / Compliance
-Wealth Management
-FinTech
-Data
-Insurance
-Pensions
-Corporate Development / M&A

In Professional Services search consultants are interested in candidates from the following sectors

-Management Consulting
-Business Change / Business Transformation
-Legal
-Education
-Public Sector / NFP

Within FMCG in particular, transformational skillsets are in high demand, be that digital, financial or business change more broadly.

Sustainability and ESG remain very much in the zeitgeist, be that through start-up organisations or an increased interest in candidates with expertise in these areas for organisations across all sectors.

Comments from the InterExec Search Consultant network:

“Q1 is quite buoyant actually. Lots of activity and roles coming through”.

“Looks like the market will build through Q1, that’s just how I feel it will develop in the first few months of 2023”.

Geographically the markets remain active in the UK, US, across Europe and the Middle East.

Preparation for identifying the key new challenge for 2023:

The InterExec network of some 15,000 Senior Search Consultants covers all the major global markets and is responsible for Senior Executive roles in virtually every key business sector.

Finding the right Search Consultant, with the most appropriate job opportunity to match your objectives in this unadvertised and often politically complex marketplace is one of the core InterExec skills. Additionally focussing and preparing you and planning the entire process by which you identify and find that new challenge is InterExec’s core skill.

In planning for your next career challenge in 2023 getting that process underway early will take advantage of appointments Search Consultants continue to have mandates for. Please, do not hesitate to get in touch with the InterExec team, at any time up to 6 months prior to when you hope to move.