Job prospects Associate Financial Advisor in Newfoundland and Labrador

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Explore current and future job prospects for people working as an "associate financial advisor" 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 advisors (NOC 11102) in Newfoundland and Labrador for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment is expected to remain relatively stable.
• A moderate number of 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 advisors in Newfoundland and Labrador:

• Approximately 500 people work in this occupation.
• Financial advisors 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%
  • Insurance Carriers and related activities (NAICS 524, 526): 10%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 93% compared to 83% for all occupations
  • Part-time workers: 7% compared to 17% for all occupations
• 84% of financial advisors 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 48 weeks compared to 40 weeks for all occupations.
• 33% of financial advisors are self-employed compared to an average of 8% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 50% compared to 51% for all occupations
  • Women: 50% 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: 13% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: 9% compared to 17% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 26% compared to 23% for all occupations
  • bachelor's degree: 42% 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

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as an "associate financial advisor" Other financial officers (NOC 11102) or across Canada.

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