Job prospects Assistant Financial Analyst near Charlottetown (PE)

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Over the past few years (2021-2023), the labour market was balanced for Financial and investment analysts near Charlottetown (PE). The number of job openings was about the same as the number of workers available in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

The employment outlook will be moderate for Financial and investment analysts (NOC 11101) in Prince Edward Island for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• A moderate number of positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

Financial and investment analysts are employed across various industries, but are mostly in the finance sector, working at financial institutions such as banks, investment/securities firms and brokerage houses. Other key employers include professional services, such as accounting and consulting firms, public administration, and insurance firms. This occupation is particularly sensitive to changes in the financial sector which are further dependent on the state of the economy.

In addition to a relevant college or university education, individuals with extensive experience in specific industries, software like SAP or Enterprise Resource Planning, and financial modelling will have more favourable job prospects. Depending on the type of financial service operation, employers may require recruits to hold a financial services certification, such as a Certified Financial Analyst, Certified Financial Planner, Mutual Funds Licence, or to have completed the Canadian Securities Course. An accounting background and designation may also be beneficial.

Here are some key facts about Financial and investment analysts in Prince Edward Island:

• Approximately 50 people worked in this occupation in May 2021.
• Financial and investment analysts mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 83%
  • Local, municipal, regional, aboriginal and other public administration (NAICS 913-919): 17%
• 87% of financial and investment analysts work all year, while 13% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 51 weeks compared to 41 weeks for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 67% compared to 51% for all occupations
  • Women: 33% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: n/a
  • high school diploma or equivalent: n/a
  • apprenticeship or trades certificate or diploma: n/a
  • college certificate or diploma or university certificate below bachelor's: 14% compared to 25% for all occupations
  • bachelor's degree: 64% compared to 17% for all occupations
  • university certificate, degree or diploma above bachelor level: 21% compared to 8% for all occupations

Source Labour Market Information | Prospects Methodology