Job prospects Associate Financial Advisor in British Columbia

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Explore current and future job prospects for people working as an "associate financial advisor" in British Columbia or across Canada.

Job opportunities in British Columbia

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Financial advisors (NOC 11102) in British Columbia for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment is expected to remain relatively stable.
• 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 Financial advisors in British Columbia:

• Approximately 18,500 people work in this occupation.
• Financial advisors mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 78%
  • Insurance Carriers and related activities (NAICS 524, 526): 10%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 91% compared to 78% for all occupations
  • Part-time workers: 9% compared to 22% for all occupations
• 80% of financial advisors work all year, while 20% 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 47 weeks compared to 42 weeks for all occupations.
• 33% of financial advisors are self-employed compared to an average of 17% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 56% compared to 52% for all occupations
  • Women: 44% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 8% for all occupations
  • high school diploma or equivalent: 14% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: 5% compared to 13% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 20% compared to 17% for all occupations
  • bachelor's degree: 44% compared to 22% for all occupations
  • university certificate, degree or diploma above bachelor level: 16% compared to 12% for all occupations

Breakdown by region

Explore job prospects in British Columbia by economic region.

Source Labour Market Information | Prospects Methodology