Job prospects Branch Manager - Banking, Credit And Investment in New Brunswick

Explore current and future job prospects for people working as a "branch manager - banking, credit and investment" in New Brunswick or across Canada.

Job opportunities in New Brunswick

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

The employment outlook will be moderate for Banking, credit and other investment managers (NOC 10021) in New Brunswick for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment is expected to remain relatively stable.
• 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.

• These managers are employed by financial institutions, and by commercial credit departments.
• Employers typically require several years of experience working in banking, credit, and investment departments.
• Holding either a Chartered Professional Accountant (CPA) or a Chartered Financial Analyst (CFA) designation will enhance employment prospects.
• Technological advancement and increasingly computerized processes will continue to impact this occupation, making employers less reliant on tasks like data entry and client information management. 
• Knowledge of both French and English will be required in certain regions of the province.

Here are some key facts about Banking, credit and other investment managers in New Brunswick:

• Approximately 650 people work in this occupation.
• Banking, credit and other investment 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): 75%
  • Other retail stores (NAICS 44-45, except 445): 7%
• 87% of banking, credit and other investment managers work all year, while 13% 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 49 weeks compared to 42 weeks for all occupations.
• Less than 5% of banking, credit and other investment managers are self-employed compared to an average of 10% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 44% compared to 52% for all occupations
  • Women: 56% 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: 25% compared to 30% for all occupations
  • apprenticeship or trades certificate or diploma: 6% compared to 12% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 25% compared to 23% for all occupations
  • bachelor's degree: 34% compared to 16% for all occupations
  • university certificate, degree or diploma above bachelor level: 8% compared to 7% for all occupations

Breakdown by region

Explore job prospects in New Brunswick by economic region.

Source Labour Market Information | Prospects Methodology

Job prospects elsewhere in Canada

Explore current and future job prospects for people working as a "branch manager - banking, credit and investment" Banking, credit and other investment managers (NOC 10021) or across Canada.

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