Job prospects Business Consultant near Charlottetown (PE)

Over the past few years (2021-2023), there was a labour shortage for Professional occupations in business management consulting near Charlottetown (PE). There were more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Methodology

The employment outlook will be moderate for Professional occupations in business management consulting (NOC 11201) in Prince Edward Island for the 2024-2026 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.

Employment growth in this occupational group will stem primarily from the expansion in professional, scientific and technical services, particularly in management consulting and scientific and technical consulting services, and to a lesser degree in public administrations. Job openings may also be created because of the incorporation of social media within companies and the inclusion of social media in advertising campaigns, public relations management and the development of new international communications initiatives. The Island economy is projected to expand at a respectable pace over the forecast period which should support employment growth in this occupation. This is based on the expectation that interest rates will continue to fall which will encourage more consumer spending and business investment.

Here are some key facts about Professional occupations in business management consulting in Prince Edward Island:

• Approximately 300 people work in this occupation.
• Professional occupations in business management consulting mainly work in the following sectors:
  • Federal government public administration (NAICS 911): 31%
  • Other professional, scientific and technical services (NAICS 5414, 5416-5419): 30%
  • Provincial and territorial public administration (NAICS 912): 10%
  • Computer systems design services (NAICS 5415): 9%
  • Other services (except public administration) (NAICS 81): 8%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 91% compared to 84% for all occupations
  • Part-time workers: 9% compared to 16% for all occupations
• 91% of professional occupations in business management consulting work all year, while 9% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 49 weeks compared to 41 weeks for all occupations.
• 27% of professional occupations in business management consulting are self-employed compared to an average of 13% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 39% compared to 51% for all occupations
  • Women: 61% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: n/a
  • high school diploma or equivalent: 14% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: n/a
  • college certificate or diploma or university certificate below bachelor's: 19% compared to 25% for all occupations
  • bachelor's degree: 47% compared to 17% for all occupations
  • university certificate, degree or diploma above bachelor level: 14% compared to 8% for all occupations

Source Labour Market Information | Prospects Methodology