Retained vs. Contingent Search

Reasons why retained search is more effective than a contingent search 

• Retained search firms have more time to dedicate to each search. Contingency recruiters typically work on multiple searches at once, which means they may not have as much time to devote to each individual search. Retained search firms, on the other hand, commit time, provide extensive research, and expertise one search at a time, which gives them the opportunity to focus their full attention on identifying the best candidates for the job.
• Retained search firms have access to a wider network of candidates. Contingency recruiters typically rely on online job boards and networking to find candidates. Retained search firms, on the other hand, have access to a wider network of candidates, including passive candidates who are not actively looking for a job. This gives them a better chance of finding the right candidate for the job.
• Retained search firms are more likely to find the right candidate. Studies have shown that retained search firms are more likely to find the right candidate than contingency recruiters. This is because they have more time to dedicate to each search, they have access to a wider network of candidates, and they are more motivated to find the right candidate because they are partnered with their client on a retained search.

Why retained search is more advantageous for investment management firms

• Investment management firms typically have very specific requirements for their employees. They need people with a deep understanding of the financial markets, as well as strong analytical and problem-solving skills. Retained search firms have the expertise to identify and recruit candidates with these skills.
• Investment management firms often need to fill critical roles quickly. Retained search firms can move quickly to identify and recruit qualified candidates, which can help investment management firms avoid delays in their operations.
• Investment management firms need to protect their confidential information. Retained search firms understand the importance of confidentiality and discretion. They will work with investment management firms to develop a search strategy that protects their company's interests.

Wall Street Careers serves as our client's brand ambassador and exclusive retained search partner

• We conduct end-to-end, highly specialized candidate research and stealth recruiting to interview and hire top talent within 30 - 120 days.
• WSC leverages two decades' worth of search data and industry contacts.
• We have access to over one million finance resumes and company profiles in our database.
• Coverage: Alternative Investments | Asset Mgmt | Instititional Investors | Fintechs | Service Providers