Job prospects Financial Analyst near Sherbrooke (QC)

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Over the past few years (2021-2023), there was a labour surplus for Financial and investment analysts near Sherbrooke (QC). There were more workers available than job openings in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

The employment outlook will be limited for Financial and investment analysts (NOC 11101) in the Estrie region for the 2023-2025 period.

The following factors contributed to this outlook:

• Not many positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

The employment outlook for this occupational group primarily depends on the finance and insurance sectors.

Increased demand for personalized consulting services (related to retirement and succession) resulting from population ageing, the diversification of financial products for individuals and businesses, and the increased value of investment portfolios should boost employment for these professionals.

The increasingly frequent use of online electronic services (such as banking, mortgage calculators or insurance coverage purchases), as well as the growing role of artificial intelligence, could limit the impact of factors favourable to this profession.

While the employment outlook for this occupational group is moderate at the provincial level, it will be good in Lanaudière and Laurentides, but limited in Estrie.

Here are some key facts about Financial and investment analysts in the Estrie region:

• Approximately 270 people worked in this occupation in May 2021.
• Financial and investment analysts mainly work in the following sectors:
  • Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 63%
  • Transportation equipment manufacturing (NAICS 336): 16%
  • Paper manufacturing (NAICS 322): 6%

Source Labour Market Information | Prospects Methodology