Insurance, real estate and financial brokerage managers (NOC 0121)

About this job

Insurance, Real Estate and Financial Brokerage managers

  • plan, organize and direct the activities of establishments or departments that provide insurance, mortgage, real estate and investment services
  • are generally responsible for business development
  • must ensure that their group reaches performance levels related to established goals
  • work for insurance companies, real estate firms, stockbrokers, investment dealers, and financial institutions
Common job titles
  • director, insurance benefits
  • director, investment & securities
  • manager, bonds / mutual funds
  • manager, petroleum research
  • managing director
  • real estate developer
  • director, insurance benefits
  • director, investment & securities
  • manager, bonds / mutual funds
  • manager, branch / brokerage
  • manager, commodities trading
  • manager, district real estate sales

Earnings

Annual provincial median salary

$72,933

Source: 2016 Job Bank Wage data

Note:Estimated median employment income based on 2016 Job Bank median hourly wage rate (median annual salary = hourly wage rate x 40 (hours per week) x 52.14 (weeks per year))

Provincial hourly rate

  • High
  • Median
  • Low

Source: 2016 Job Bank Wage Report

Duties

Insurance Managers:

  • plan, organize and direct the operations of an establishment or department that provides insurance services

Real Estate Service Managers:

  • plan, organize and direct the operations of an establishment or department that buys, sells and leases residential and commercial property

Mortgage Broker Managers:

  • plan, organize and direct the operations of an establishment or department that finds lenders or lending institutions on behalf of clients seeking a mortgage

Securities Managers:

  • Securities Managers plan, organize and direct the operation of an establishment or department that buys and sells stocks, bonds and other forms of investments on behalf of individual or institutional clients
  • manage the investments of their own clients

Work environment

Work in this group is typically performed in a structured environment, such as an office.

Job requirements

Education, training & qualifications

  • A university degree or college diploma in business administration, economics or other related field is usually required.
  • Several years of experience within the appropriate industry are usually required.
  • Licensure appropriate to the service sold, such as real estate, mortgage, securities or insurance, may be required.
  • In the insurance industry, a recognized professional designation is usually required.

Skills

  • Innovative
  • Social
  • Directive
  • Verbal & Written Comprehension
View skills definitions

Education programs in B.C.

The following program areas are related to this occupation:
  • Business Administration/Management/Commerce
  • Economics
  • Economics (Arts)
  • Economics (Science)
  • International Business

For more information about programs offered specifically for this career, visit EducationPlannerBC.

Select a region to view regional outlook
Vancouver Island / Coast Mainland / Southwest Thompson-Okanagan Kootenay Cariboo Northeast North Coast & Nechako
Cariboo
Employment in 2016:
290
Average annual employment growth:
0.3%
Expected number of job openings:
150
Kootenay
Employment in 2016:
250
Average annual employment growth:
0.8%
Expected number of job openings:
150
Mainland / Southwest
Employment in 2016:
9,900
Average annual employment growth:
1.8%
Expected number of job openings:
6,530
North Coast & Nechako
Employment in 2016:
110
Average annual employment growth:
-0.3%
Expected number of job openings:
50
Northeast
Employment in 2016:
110
Average annual employment growth:
-0.3%
Expected number of job openings:
50
Thompson-Okanagan
Employment in 2016:
1,210
Average annual employment growth:
0.9%
Expected number of job openings:
710
Vancouver Island / Coast
Employment in 2016:
2,080
Average annual employment growth:
0.8%
Expected number of job openings:
1,200

Source: B.C. Labour Market Outlook

Career paths and resources

Career paths

Progression to senior management positions is possible with experience. There is no mobility between the different types of managers in this group.

Additional resources

Additional resources are not currently available for this career.