In a rather astonishing turn of events, the under-the-radar industry of receivable factoring is flying well above the radar and right into the mainstream during these tough economic times. An article published on Yahoo Hot Jobs website by Joy Victory, of Payscale.com (Joy Victory? Seriously?) identifies factoring as one of top professions during the coming year. The article, titled “10 Hot Professions for 2009,” states that the recession is making factoring an attractive option, especially for smaller businesses, since business are so much harder to come by.
Not only is accounts receivable factoring a “hot job,” it is apparently a quite lucrative one also. Ms. Victory states that the average yearly salary for a factor is nearly $80,000! It was the single highest salary for the 10 professions cited in the article.
Now everyone will want into the act.
