Job prospects Economic Development Consultant in Prince Edward Island

Explore current and future job prospects for people working as an "economic development consultant" in Prince Edward Island or across Canada.

Job opportunities in Prince Edward Island

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Business development officers and market researchers and analysts (NOC 41402) in Prince Edward Island for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• 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 Business development officers and market researchers and analysts in Prince Edward Island:

• Approximately 200 people worked in this occupation in May 2021.
• Business development officers and market researchers and analysts mainly work in the following sectors:
  • Provincial and territorial public administration (NAICS 912): 27%
  • Federal government public administration (NAICS 911): 26%
  • Other services (except public administration) (NAICS 81): 14%
  • Other professional, scientific and technical services (NAICS 5414, 5416-5419): 13%
  • Accommodation services (NAICS 721): 6%
• 69% of business development officers and market researchers and analysts work all year, while 31% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 45 weeks compared to 41 weeks for all occupations.
• 15% of business development officers and market researchers and analysts are self-employed compared to an average of 13% 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: n/a
  • high school diploma or equivalent: less than 5% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: n/a
  • college certificate or diploma or university certificate below bachelor's: 14% compared to 25% for all occupations
  • bachelor's degree: 55% compared to 17% for all occupations
  • university certificate, degree or diploma above bachelor level: 21% compared to 8% for all occupations