Job prospects Accounting Manager - Financial Services Department in New Brunswick

Explore current and future job prospects for people working as an "accounting manager - financial services department" 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 moderate for Financial managers (NOC 10010) 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 moderate number of unemployed workers with recent experience in this occupation.

• These managers are employed in financial and accounting departments across the public and private sector.
• Several years of experience in accounting, auditing, budgeting, financial planning and analysis or other financial activities are generally required.
• Accounting and audit managers may require a Chartered Professional Accountant (CPA) designation.
• Investment, treasury, or corporate finance managers may require a Chartered Financial Analyst (CFA) or other recognized financial designation.
• Prospects are greater in the province’s larger urban centres (Fredericton, Moncton and Saint John), where there are greater concentrations of financial services. However, an availability to work in rural areas will expand the number of opportunities.
• Knowledge of both French and English will be required in certain regions of the province.

Here are some key facts about Financial managers in New Brunswick:

• Approximately 850 people work in this occupation.
• Financial managers mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 12%
  • Other retail stores (NAICS 44-45, except 445): 11%
  • Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 9%
  • Federal government public administration (NAICS 911): 7%
  • Provincial and territorial public administration (NAICS 912): 6%
• 85% of financial managers work all year, while 15% 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 48 weeks compared to 42 weeks for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 36% compared to 52% for all occupations
  • Women: 64% 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: 13% compared to 30% for all occupations
  • apprenticeship or trades certificate or diploma: less than 5% compared to 12% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 26% compared to 23% for all occupations
  • bachelor's degree: 37% compared to 16% for all occupations
  • university certificate, degree or diploma above bachelor level: 19% 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 an "accounting manager - financial services department" Financial managers (NOC 10010) or across Canada.

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