Job prospects Business Development Manager - Damage Insurance in New Brunswick

Explore current and future job prospects for people working as a "business development manager - damage insurance" in New Brunswick or across Canada.

Job opportunities in New Brunswick

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be good for Insurance, real estate and financial brokerage managers (NOC 10020) in New Brunswick for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• Several 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 Insurance, real estate and financial brokerage managers in New Brunswick:

• Approximately 450 people worked in this occupation in May 2021.
• Insurance, real estate and financial brokerage managers mainly work in the following sectors:
  • Insurance Carriers and related activities (NAICS 524, 526): 67%
  • Real Estate and rental and leasing (NAICS 53): 27%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 91% compared to 84% for all occupations
  • Part-time workers: 9% compared to 16% for all occupations
• 89% of insurance, real estate and financial brokerage managers work all year, while 11% work only part of the year, compared to 62% and 38% respectively among all occupations. Those who worked only part of the year did so for an average of 50 weeks compared to 42 weeks for all occupations.
• 26% of insurance, real estate and financial brokerage managers are self-employed compared to an average of 10% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 52% compared to 52% for all occupations
  • Women: 48% compared to 48% 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: 19% compared to 30% for all occupations
  • apprenticeship or trades certificate or diploma: 6% compared to 12% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 28% compared to 23% for all occupations
  • bachelor's degree: 36% compared to 16% 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 New Brunswick 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 "business development manager - damage insurance" Insurance, real estate and financial brokerage managers (NOC 10020) or across Canada.

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