The hiring for fund management positions at the National Pension Service that began in Oct. last year closed without meeting its target headcount. In particular, the chronic severity of the staffing shortage was laid bare, with as many as seven tracks finding not a single qualified candidate and recording a "zero" selection.
According to the public institution management information system "Alio" on the 24th, the National Pension Service recently closed the third round of hiring for fund management positions conducted in Oct. last year. The original plan was to select 30 people, but the final number hired was 14, falling short of half the target.
A total of 113 people applied across 18 tracks in this recruitment, but seven tracks ended up with a "zero" selection because no qualified candidates were found. In key posts such as stewardship responsibility senior position, domestic bonds senior position, and overseas equities equity strategy senior position, there were either no qualified candidates or mid-process withdrawals, resulting in a final competition rate of 0 to 1.
There were no selections in tracks such as stewardship responsibility senior position, domestic bonds senior position, overseas equities equity strategy senior position, treasury management accounting close responsibility, treasury management tax support senior position, fund information fund information planning senior position, and fund information fund information intelligence senior position.
Preferences by asset class split clearly. While traditional asset tracks such as domestic equities and bonds struggled, the alternative investment field showed a relatively high application rate. In particular, the real estate investment senior position track posted the highest competition rate at 14.50 to 1, followed by alternative risk management responsibility (9 to 1) and private venture investment senior position (6 to 1).
An asset management industry official said, "For domestic equities or bonds, there are many options in Seoul, but few places have as abundant capital as the National Pension Service for alternative investments, where large-scale, long-term investment is essential," adding, "Applicants considering future job moves appear to have flocked because it is advantageous for building overseas business experience." The official added, "Because one can also gain a lot of experience on the overseas side of the business, there are quite a number of cases where people move from the National Pension Service to overseas."