Job prospects Loan Clerk - Financial Sector in Alberta

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

Job opportunities in Alberta

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Banking, insurance and other financial clerks (NOC 14201) in Alberta for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment decline will lead to the loss of some positions.
• Several 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 Alberta:

• Approximately 1,900 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): 40%
  • Insurance Carriers and related activities (NAICS 524, 526): 39%
  • Real Estate and rental and leasing (NAICS 53): 7%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 92% compared to 80% for all occupations
  • Part-time workers: 8% compared to 20% for all occupations
• 77% of banking, insurance and other financial clerks work all year, while 23% work only part of the year, compared to 61% and 39% respectively among all occupations. Those who worked only part of the year did so for an average of 46 weeks compared to 42 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: 17% compared to 53% for all occupations
  • Women: 83% compared to 47% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: 5% compared to 10% for all occupations
  • high school diploma or equivalent: 35% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: 9% compared to 13% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 20% compared to 19% for all occupations
  • bachelor's degree: 25% compared to 21% for all occupations
  • university certificate, degree or diploma above bachelor level: 5% compared to 9% for all occupations

Breakdown by region

Explore job prospects in Alberta 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 a "loan clerk - financial sector" Banking, insurance and other financial clerks (NOC 14201) or across Canada.

Learn more