Job prospects Clerk - Financial Sector in Ontario

Explore current and future job prospects for people working as a "clerk - financial sector" in Ontario or across Canada.

Job opportunities in Ontario

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

Moderate

The employment outlook will be moderate for Banking, insurance and other financial clerks (NOC 14201) in Ontario for the 2024-2026 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 small number of unemployed workers with recent experience in this occupation.

Here are some key facts about Banking, insurance and other financial clerks in Ontario:

  • Approximately 14,800 people work in this occupation.
  • Banking, insurance and other financial clerks mainly work in the following sectors:
    • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 46%
    • Insurance Carriers and related activities (NAICS 524, 526): 33%
    • Real Estate and rental and leasing (NAICS 53): 8%
  • The distribution of full-time and part-time workers in this occupation is:
    • Full-time workers: 91% compared to 81% for all occupations
    • Part-time workers: 9% compared to 19% for all occupations
  • 75% of banking, insurance and other financial clerks work all year, while 25% work only part of the year, compared to 63% and 37% respectively among all occupations. Those who worked only part of the year did so for an average of 45 weeks compared to 43 weeks for all occupations.
  • Less than 5% of banking, insurance and other financial clerks are self-employed compared to an average of 15% for all occupations.
  • The gender distribution of people in this occupation is:
    • Men: 28% compared to 52% for all occupations
    • Women: 71% compared to 48% for all occupations
  • The educational attainment of workers in this occupation is:
    • no high school diploma: less than 5% compared to 9% for all occupations
    • high school diploma or equivalent: 32% compared to 25% for all occupations
    • apprenticeship or trades certificate or diploma: 5% compared to 8% for all occupations
    • college certificate or diploma or university certificate below bachelor's: 26% compared to 22% for all occupations
    • bachelor's degree: 27% compared to 24% for all occupations
    • university certificate, degree or diploma above bachelor level: 8% compared to 13% for all occupations

Breakdown by region

Explore job prospects in Ontario by economic region.

Legend

0 out of 5 stars
Undetermined
1 out of 5 stars
Very limited
2 out of 5 stars
Limited
3 out of 5 stars
Moderate
4 out of 5 stars
Good
5 out of 5 stars
Very good
Location Job prospects
Hamilton–Niagara Peninsula Region Good
Kingston–Pembroke Region Good
Kitchener–Waterloo–Barrie Region Good
London Region Good
Muskoka–Kawarthas Region Moderate
Northeast Region Good
Northwest Region Undetermined
Ottawa Region Moderate
Stratford–Bruce Peninsula Region Moderate
Toronto Region Moderate
Windsor-Sarnia Region Moderate

Source Labour Market Information | Prospects Methodology

Job prospects elsewhere in Canada

Explore current and future job prospects for people working as a "clerk - financial sector" Banking, insurance and other financial clerks (NOC 14201) or across Canada.

Learn more

Labour Market Information Survey
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