Why Mid-Market Companies Struggle to Hire Analytical Finance Talent

Why Mid-Market Companies Struggle to Hire Analytical Finance Talent

If you’ve tried to fill a finance seat recently, you already know the struggle is real. The competition for analytical finance talent — especially FP&A analysts, strategic sourcing specialists, and financial business partners — has never been tougher.

Across industries, mid-market companies are competing against global enterprises and agile startups for the same limited pool of professionals. But the challenge isn’t just about salaries. It’s about how mid-market firms position themselves, how quickly they move, and how well they understand what this new generation of finance talent actually wants.

In short: finance recruiting in the mid-market has become a test of speed, strategy, and story.

 

The New Reality of Finance Recruiting in the Mid-Market

 

Finance roles used to be predictable — month-end reporting, variance analysis, budgets, and compliance. But the post-pandemic economy shifted expectations. Today’s high-value finance professionals are business strategists, data translators, and technology integrators.

Modern FP&A analysts don’t just report numbers; they tell the story behind them. They bridge the gap between operations and strategy, turning insights into action. And they’re in demand everywhere — from manufacturing and logistics to SaaS and biotech.

For mid-market companies, that means the competition for talent is no longer regional. It’s global. A skilled financial planning analyst in Austin can work remotely for a firm in New York, San Francisco, or London. That flexibility makes recruiting harder — and the talent pool even tighter.

 

Why the Demand Outpaces Supply

 

The imbalance between supply and demand for finance talent isn’t a passing phase. It’s structural. A few key forces are driving it:

  1. Digital transformation — As more companies adopt data-driven decision-making, demand for financial analysts who can leverage Power BI, SQL, and predictive modeling has skyrocketed.

  2. Retirements and turnover — Many experienced finance leaders are retiring, leaving gaps in mentorship and institutional knowledge.

  3. Remote work expansion — Top performers can now choose from hundreds of opportunities without leaving home, so smaller companies lose local leverage.

  4. Evolving skill sets — The market needs analytical, tech-fluent professionals, but too many companies still hire for traditional accounting backgrounds.

The result? Even well-known mid-market employers struggle to compete.

 

The Mid-Market’s Hidden Hiring Handicap

 

While Fortune 500s have entire talent acquisition teams and startups can dangle equity, mid-market companies sit in a tough middle ground. They’re stable enough to have structure — but not flashy enough to be irresistible.

Here’s where things tend to go wrong:

1. Salary Benchmarks Are Outdated

Many mid-market CFOs still base compensation on pre-pandemic market data or local benchmarks. But analytical finance roles have gone national. According to recent recruiting data, average compensation for FP&A professionals rose more than 25% since 2021.

If your comp bands haven’t changed, your candidates have already moved on.

2. Job Descriptions Focus on Tasks, Not Impact

A vague “Financial Analyst” posting packed with buzzwords like “cross-functional collaboration” and “budget forecasting” won’t stand out. Top performers want to see impact — how their work influences business outcomes, drives profitability, or shapes strategy.

The best candidates aren’t looking to crunch numbers. They’re looking to drive growth.

3. The Interview Process Moves Too Slowly

When your approval chain takes three weeks, you’ve already lost your top two candidates. In finance recruiting for mid-market employers, speed is everything. Candidates in this niche expect responsive communication, quick scheduling, and visible leadership engagement.

If you want to attract strategic thinkers, act strategically.

4. You’re Not Selling Your Story

This one’s big. Many mid-market companies underestimate how powerful their story can be. You don’t need to be Google or Goldman Sachs to attract A-players — you just need to position yourself as a company where finance truly matters.

Sell the mission. Show how your finance team influences leadership decisions, supports innovation, or contributes to community impact. When candidates see that purpose, they’ll see potential.

 

What Analytical Finance Talent Really Wants

 

Today’s analytical finance professionals are selective — and rightfully so. They’re not just chasing a paycheck; they’re looking for professional growth, autonomy, and a seat at the table.

Here’s what matters most:

1. Strategic Involvement
Top FP&A and sourcing specialists want to advise, not just analyze. They’re looking for companies that treat finance as a partner in decision-making.

2. Technology and Tools
They expect access to modern tech stacks — from ERP integrations to visualization software. Excel-only environments are a red flag.

3. Career Progression
Mid-market firms that offer mentorship and visible career paths stand out. A clear route to leadership, even in a smaller organization, attracts ambitious professionals.

4. Flexibility and Work-Life Balance
This isn’t just about remote work. It’s about autonomy. Mid-market employers that trust their people to manage output instead of hours tend to retain talent longer.

5. Stability and Culture
Mid-sized companies actually have a secret advantage here: fewer layoffs, closer teams, and stronger culture. The problem is, they rarely highlight it.

 

How to Compete — and Win — in Mid-Market Finance Recruiting

 

You don’t need a billion-dollar employer brand to attract elite finance talent. But you do need to think differently.

1. Modernize Your Messaging

Rewrite job postings with the same storytelling precision you expect from your analysts. Lead with mission, not minutiae. Example:

“You’ll play a central role in shaping the financial strategy that drives our next phase of growth.”

That line does more than 10 bullet points about “variance analysis.”

Make sure your careers page highlights:

  • Company mission and growth plans

  • Culture and leadership accessibility

  • Real impact stories from your finance team

Your message should sound more like an invitation to lead, not a list of chores.

2. Streamline the Hiring Process

Reduce your interview rounds. Combine steps when possible. Keep it to two structured interviews — one with finance leadership, one with executive decision-makers.

Speed communicates respect. When candidates see a quick, decisive process, they assume your company makes smart, confident business moves.

3. Offer More Than Compensation

Money gets attention. Growth keeps it. If you can’t outbid larger firms, out-value them. Offer:

  • Professional development stipends

  • Cross-functional project exposure

  • A visible role in shaping company strategy

Mid-market companies often have flatter structures — use that to your advantage. Emphasize the chance to have a direct impact on business outcomes.

4. Broaden Your Search Radius

Stop limiting your search to commutable candidates. The best finance talent might be in Chicago, but your company could be in Austin. Hybrid or remote-first roles dramatically increase your talent pool.

And yes, finance recruiting in the mid-market can succeed remotely — as long as collaboration tools and communication norms are strong.

5. Partner With a Specialized Recruiting Firm

Generalist recruiters don’t always understand the nuance of hiring analytical finance professionals. They can source resumes, but not necessarily the right fit.

Specialized firms — like recruitAbility — understand both sides of the equation:

  • What finance leaders need in a mid-market environment

  • What high-performing analysts expect in return

That bridge matters. Because great recruiting isn’t just about filling a role — it’s about aligning vision, culture, and growth.

 

The Strategic Advantage of Mid-Market Companies (When Done Right)

 

Here’s the good news: mid-market firms can absolutely compete — and win — when they lean into what makes them different.

  • Impact: Every hire can move the needle. Analytical talent loves to see tangible results.

  • Visibility: Working alongside executives and owners builds faster career progression.

  • Flexibility: Mid-sized organizations can evolve processes faster than enterprise giants.

  • Community: Culture tends to be tighter, collaboration stronger, and silos smaller.

The key is packaging those advantages clearly in your employer brand narrative. Tell candidates what makes your company special — and make sure they feel it at every touchpoint.

 

Common Hiring Myths That Hold Mid-Market Firms Back

 

Let’s bust a few myths that keep mid-market finance recruiting from reaching its potential:

Myth #1: “We can’t compete with enterprise salaries.”
Reality: You can — if you offer career trajectory, autonomy, and culture that large corporations can’t match.

Myth #2: “Our industry isn’t exciting enough.”
Reality: Finance pros love solving complex challenges. A manufacturing company with multimillion-dollar capital projects can be just as appealing as a SaaS startup if positioned well.

Myth #3: “Remote workers aren’t as engaged.”
Reality: Engagement comes from inclusion, not geography. Hybrid teams succeed when leadership communicates, recognizes wins, and measures outcomes — not attendance.

Myth #4: “Finance candidates only care about numbers.”
Reality: The best finance professionals care about meaning. They want to know the ‘why’ behind every number and the ‘who’ their work impacts.

 

The Future of Finance Recruiting in the Mid-Market

 

Looking ahead, finance recruiting will continue to evolve — and mid-market companies that adapt early will have the upper hand.

Emerging trends to watch:

  • AI-powered forecasting and demand for analysts who can interpret machine learning models

  • Sustainability accounting, as ESG reporting becomes standard

  • Strategic sourcing roles that blend data analysis with supplier risk management

  • Cross-training between finance, operations, and data analytics

The takeaway? Analytical finance roles are becoming more interdisciplinary — and so should your recruiting strategy.

 

Final Thoughts: From Reaction to Intention

 

Too many mid-market employers treat finance recruiting as a reactive task — waiting until someone resigns to scramble for resumes. But the best teams plan ahead, build pipelines, and position their company as a destination for high-performing analysts long before a seat opens.

In today’s market, success comes down to three things:

  1. Clarity — Know what you need and communicate it well.

  2. Speed — Respect the candidate’s time and make decisions fast.

  3. Storytelling — Make your company’s purpose impossible to ignore.

When done right, mid-market companies don’t just fill roles — they attract difference-makers.

That’s the future of finance recruiting in the mid-market — strategic, proactive, and built on real alignment between numbers and narrative.