Job prospects Wealth Advisor near Cold Lake (AB)
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Explore current and future job prospects for people working as "Other financial officers" near Cold Lake (AB) or across Canada.

Current and future job prospects

These outlooks were updated on November 29, 2023.

Recent trends from the past 3 years

Balanced

Over the past few years (2021-2023), the labour market was balanced for Other financial officers near Cold Lake (AB). The number of job openings was about the same as the number of workers available in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

Job outlook over the next 3 years

Limited

The employment outlook will be limited for Financial advisors (NOC 11102) 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.
Not many positions will become available due to retirements.
There are a small number of unemployed workers with recent experience in this occupation.

The Conference Board of Canada is forecasting Alberta’s real GDP will expand by 2.6% in 2023 before slowing to 1.9% in 2024. Similarly, they are projecting the labour market to cool in late 2023 and into 2024. Higher for longer inflation may also have some firms rethinking expansion resulting in muted employment growth for this occupation.

An aging workforce transitioning to retirement will create vacancies for job seekers.

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

Approximately 250 people worked in this occupation in May 2021.
Financial advisors mainly work in the following sectors:
- Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 92%
- Transportation and warehousing (NAICS 48-49): 5%

Source Labour Market Information | Prospects Methodology