Excerpted from the Norway Career Guide
Norway’s financial services industry held up extremely well during the global financial crisis, according to Finance Norway (FNO), a newly formed consolidation of Norway’s major financial associations. Altogether, the FNO represents some 180 financial institutions within different sectors, including savings banks, commercial banks, life insurance companies, investment firms and finance conglomerates. Norway’s banking system avoided the worst of the crisis, partly due to stimulus measures enacted by the government to ensure liquidity and stability. With this added strength, Norway did not sustain any bank failures, and there was no increase in government ownership of banks. In fact, the government ended up earning a profit on its investment.
The financial services industry fared well during the recent economic pullback and looks to be a leader in Norway’s economic recovery. According to the most recent Manpower Employment Outlook Survey (MEOS), employers in the finance and business services sector are planning to hire at a steady pace, with 15 percent planning to increase their staff.
Financial regulators are in demand in Norway, as the global economic crisis has increased the need for skilled financial watchdogs. Particular talents sought include bank regulators, financial analysts and macroeconomists.
Organizations and Trade Associations
http://www.econa.no/ (Norwegian, English)
Econa is an association for business graduates who have achieved the title Siviløkonom, which is a master’s degree in business and economics. The association was founded in 1939 as a professional non-profit and non-governmental organization. Today, it has more than 17,000 members consisting of business professionals, business graduates (MSc, PhD, MBA) and students. The main objectives of the association are to secure the professional, economic and social interests of its members; raise the awareness of business economists in society; promote their business interests; and be a key player in the public debate.
Postboks 1869 Vika
Tel: +47 22828000
Kapital is the largest business magazine in Norway. It covers business life, the stock exchange and economic politics. Each issue focuses on a specific subject. Other sections of the magazine cover different areas of business life including investing, public spending, technology and business.
Hoffsveien 70 A
Pb. 724 Skøyen
Tel: 23 29 65 50
Fax: 23 29 65 51
This is just a short sample of what you’ll find in over 100 pages of information in the complete Norway Guide.