Job prospects Accounting Manager - Financial Services Department in Newfoundland and Labrador

Explore current and future job prospects for people working as an "accounting manager - financial services department" in Newfoundland and Labrador or across Canada.

Job opportunities in Newfoundland and Labrador

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Financial managers (NOC 10010) in Newfoundland and Labrador for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment is expected to remain relatively stable.
• Several positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

With stable employment expected over the forecast period, most opportunities are expected to be generated because of attrition through retirement. Candidates with several years of experience in financial analysis will be at an advantage. Many employers prefer individuals with a master's degree in a related discipline and/or with a financial professional designation, depending on the type of financial service operation; examples include Chartered Professional Accountant (CPA), Certified Financial Analyst (CFA), Certified Insurance Consultant, and the Canadian Securities Course.

Here are some key facts about Financial managers in Newfoundland and Labrador:

• Approximately 550 people work in this occupation.
• Financial managers mainly work in the following sectors:
  • Provincial and territorial public administration (NAICS 912): 11%
  • Hospitals (NAICS 622): 9%
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 7%
  • Other retail stores (NAICS 44-45, except 445): 7%
  • Social assistance (NAICS 624): 7%
• 93% of financial managers work all year, while 7% work only part of the year, compared to 56% and 43% respectively among all occupations. Those who worked only part of the year did so for an average of 50 weeks compared to 40 weeks for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 31% compared to 51% for all occupations
  • Women: 69% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 11% for all occupations
  • high school diploma or equivalent: 10% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: 8% compared to 17% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 28% compared to 23% for all occupations
  • bachelor's degree: 44% compared to 14% for all occupations
  • university certificate, degree or diploma above bachelor level: 10% compared to 7% for all occupations

Breakdown by region

Explore job prospects in Newfoundland and Labrador by economic region.

Source Labour Market Information | Prospects Methodology

Job prospects elsewhere in Canada

Explore current and future job prospects for people working as an "accounting manager - financial services department" Financial managers (NOC 10010) or across Canada.

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