Job prospects Finance Chief in the Wood Buffalo–Cold Lake Region

Explore current and future job prospects for people working as "Financial managers" in the Wood Buffalo–Cold Lake Region or across Canada.

Current and future job prospects

These outlooks were updated on November 29, 2023.

Recent trends from the past 3 years

Major labour shortage

Over the past few years (2021-2023), there was a major labour shortage for Financial managers in the Wood Buffalo–Cold Lake Region. There were far more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

Job outlook over the next 3 years

Moderate

The employment outlook will be moderate for Financial managers (NOC 10010) in the Wood Buffalo - Cold Lake region for the 2023-2025 period.

The following factors contributed to this outlook:

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

Here are some key facts about Financial managers in the Wood Buffalo - Cold Lake region:

  • Approximately 140 people worked in this occupation in May 2021.
  • Financial managers mainly work in the following sectors:
    • Retail Trade (NAICS 44-45): 36%
    • Local, municipal, regional, aboriginal and other public administration (NAICS 913-919): 16%
    • Nursing and residential care facilities and social assistance (NAICS 623-624): 15%
    • Professional, scientific and technical services (NAICS 54): 11%
    • Construction (NAICS 23): 11%

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

Find out what will be the job prospects for Financial managers across Canada over the next 10 years, from 2022 to 2031.

Learn more

Labour Market Information Survey
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