(Moneynews) – The weak job market in the U.S. is sending many in search of a meaningful career headed to Asia, experts say.
Hunt Partners, an executive search firm, estimates that it's getting up to twice as many more unsolicited résumés from Americans looking for Asia-based positions today than before the recession.
Recruiting and executive search firms such as Korn/Ferry International, Robert Walters and Manpower, are seeing similar trends.
"The U.S. is not picking up, Europe is having a lot of trouble, and all the opportunity that I'm seeing is here in Asia," says Ryan Lovell, 24, a business analyst here for EC Harris, a real estate consulting firm.
Across Asia, senior executives can expect to be paid as much as or sometimes more than in the U.S. for a similar position, says Steve Fisher, an executive recruiter at Korn/Ferry. Housing and educational stipends also sweeten the deal.
Still, Asian economies are dependent on a healthy U.S. economy, which in turn is dependent on stronger consumer demand.
"The impact of a slowdown in consumer spending in the U.S. will be felt by the factories in China, Japan and South Korea," Stefan Hofer Emerging Markets Equity Strategist at Julius Baer, writes in a BBC column.
"The fewer goods consumers in the U.S. buy, the lower will be the output in Asian factories exporting to the U.S."