BRYN MAWR, Pa., May 24, 2007 (PRIME NEWSWIRE) -- Specialty finance company J.G. Wentworth today announced that it is has been named one of the top Philadelphia-area companies on the Top 500 Entry-Level Employers ranking on CollegeGrad.com, the number one Internet job search service for college students and recent grads. In 2006, J.G. Wentworth made offers to more than 200 entry-level employees at its Bryn Mawr facility and estimates it will make more than 220 offers for entry level employees in 2007.
The hiring at J.G. Wentworth represents a victory in the fight that several area economic development organizations are mounting against migration of college graduates away from the Philadelphia region. According to several published reports, there are approximately 210,000 college students in the area, and historically, just 29% of non-natives have elected to stay in the area following graduation, representing a "brain drain" of highly educated and energetic talent for the region.
"We view our hiring record as an important part of our ongoing effort to support growth at J.G. Wentworth while supporting the Philadelphia region," said Michael Goodman, CEO of J.G. Wentworth. "Philadelphia is a great place to do business, and J.G. Wentworth benefits from some of the best colleges and universities in the country from which to draw employees."
About J.G. Wentworth
For more than 15 years, J.G. Wentworth has been a leader in purchasing annuities, structured settlements, and other deferred payment streams from individuals. During this time, the company has purchased over $2 billion of future payment obligations. For eight straight years, the company's annuity-backed notes have been rated AAA by Standard & Poor's and Aaa by Moody's. J.G. Wentworth is based in Bryn Mawr, PA. For more information about J.G. Wentworth, go to www.jgwentworth.com.