Job prospects Financial Services Representative in Newfoundland and Labrador

Explore current and future job prospects for people working as a "financial services representative" 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 sales representatives (NOC 63102) in Newfoundland and Labrador for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment is expected to remain relatively stable.
• Not many positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

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

• Approximately 450 people worked in this occupation in May 2021.
• Financial sales representatives mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): more than 95%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 92% compared to 83% for all occupations
  • Part-time workers: 8% compared to 17% for all occupations
• 84% of financial sales representatives work all year, while 16% 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 47 weeks compared to 40 weeks for all occupations.
• Less than 5% of financial sales representatives are self-employed compared to an average of 8% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 26% compared to 51% for all occupations
  • Women: 74% 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: 20% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: 11% compared to 17% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 35% compared to 23% for all occupations
  • bachelor's degree: 26% compared to 14% for all occupations
  • university certificate, degree or diploma above bachelor level: 7% 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

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as a "financial services representative" Financial sales representatives (NOC 63102) or across Canada.

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