0111-NOC

Insurance, real estate and financial brokerage managers

(NOC 0121)
High opportunity occupation High opportunity occupation
Annual Earnings
$106,950
Typical Education Background
Degree
Job Openings
(2022-2032)
3,070

Career Overview

Insurance, real estate and financial brokerage managers negotiate, organize and direct the activities of companies or departments that provide insurance, mortgages, real estate or investment services.

Duties

In general, insurance, real estate and financial brokerage managers:

  • Promote business development
  • Ensure performance goals are met
  • Make sure all related laws, regulations and standards are followed
  • Hire, train and manage staff

Specifically:

  • Insurance managers oversee organizations that provide insurance services
  • Real estate managers run operations that buy, sell and lease residential and commercial property
  • Mortgage broker managers manage businesses that find lenders for clients seeking home loans
  • Financial brokerage managers direct companies or departments that buy and sell stocks, bonds and other investments, and manage the investments of their own clients

Earnings

Earnings is income that workers receive in exchange for their labour. Depending on the type of employment, earnings can be in the form of wages (hourly), salaries (fixed monthly or annual) or self-employed earnings.

Annual Earnings

$106,950

Provincial Hourly Rate

High$74.36/hr
Median$51.28/hr
Low$31.25/hr
Source: B.C. Labour Market Information Office, derived from 2022 Job Bank Wage data

Work Environment

# Workers Employed

6,600

% Employed Full Time

63%
Source: 2016 Census

Insurance, real estate and financial brokerage managers usually work for insurance companies, real estate firms, stockbrokers, investment dealers or financial institutions like banks or credit unions.

Most of this work takes place in a structured office setting. But with new technology, parts of the job can now be done remotely.

Career Pathways

Workers usually begin their careers as brokers in their chosen field. With experience, brokers can move into management positions.

With more experience, insurance, real estate and financial brokerage managers may advance into senior management positions. Some start their own firms.

Insurance, real estate and financial brokerage managers have separate roles, and workers cannot simply move from one area to another. An insurance manager, for example, must retrain in order to become a real estate manager.

Occupational Interests

It’s important to understand what kinds of occupations align with your interests.

For more about occupational interests visit Skills for the Future Workforce > Characteristics.

Here are the top occupational interest(s) for this career profile:

Enterprising
Enterprising

Job Titles

Director, insurance benefits
Director, investment & securities
Manager, bonds / mutual funds
Manager, branch / brokerage
Manager, commodities trading
Manager, district real estate sales
Manager, petroleum research
Managing director
Real estate developer
Realtor
Supervisor, managing - real estate agents

Education, Training and Skills

Insurance, real estate and financial brokerage managers need:

  • A university degree or college diploma in business administration, economics or a related field
  • Several years of experience within their specific industry
  • A recognized professional designation

Depending on the role, licensing may also be required.

Education programs in B.C.

The following program areas are related to this occupation:

  • Business Administration/Management/Commerce
  • International Business
  • Economics (Arts)
  • Economics (Science)
  • Economics
EducationPlannerBC Logo
Find out more information about programs offered specifically for this career.

Skills

Every job calls for a certain set of skills. Knowing those skills is the first step in finding a good career fit.

Here, you will find the 10 most relevant workplace skills. Some are more important to achieving success in a certain career than others. These skills may come naturally to you or you may need to gain them through education, training and experience.

See the list of work-related skills below, ranked in order of importance for this career. Check out the list and see if this career matches your skills—take that first step!

Speaking

Talking to others to share information effectively.

75%
Critical Thinking

Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

74%
Active Listening

Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

74%
Reading Comprehension

Understanding written sentences and paragraphs in work-related documents.

74%
Monitoring

Keeping track of and assessing your performance, other individuals, or organizations to make improvements or take corrective action.

73%
Coordination

Adjusting actions in relation to others' actions.

72%
Judgment and Decision-Making

Considering the relative costs and benefits of potential actions to choose the most appropriate one.

69%
Social Perceptiveness

Being aware of others’ reactions and understanding why they react as they do.

69%
Complex Problem Solving

Being able to solve novel, ill-defined problems in complex, real-world settings.

67%
Time Management

Managing one’s own time and the time of others.

66%

Labour Market Statistics

Discover data, facts and information that have been gathered and analyzed. Learn about the characteristics of the economy and labour market in B.C.

Employment

Find out about employment types and trends by region and industry.

Employment

6,600
Source: 2016 Census

Employment by Region

Map of BC Map of Cariboo region Map of Kootenay region Map of Mainland/Southwest region Map of North Coast and Nechako region Map of Northeast region Map of Thompson-Okanagan region Map of Vancouver Island/Coast region
Cariboo
Kootenay
Mainland/Southwest
North Coast and Nechako
Northeast
Thompson-Okanagan
Vancouver Island/Coast
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Region Employment (2022) % Employment of this Occupation
Cariboo 100 1.1%
Kootenay 120 1.4%
Mainland/Southwest 5,810 79.2%
North Coast and Nechako 40 0.5%
Northeast 30 0.5%
Thompson-Okanagan 660 6.9%
Vancouver Island/Coast 750 10.6%
Source: 2016 Census and B.C. Labour Market Outlook

Labour Market Outlook

The B.C. Labour Market Outlook is a 10-year forecast of the expected supply and demand for labour in the province. It’s usually updated every year. The purpose is to provide British Columbians with the knowledge to make informed decisions on careers, skills training, education and hiring.

Forecasted Job Openings (2022-2032)

3,070
Source: B.C. Labour Market Outlook

Forecasted Job Openings

Forecasted Employment Growth Rate

Composition of Job Openings

Source: B.C. Labour Market Outlook

Job Openings by Region (2022-2032)

Map of BC Map of Cariboo region Map of Kootenay region Map of Mainland/Southwest region Map of North Coast and Nechako region Map of Northeast region Map of Thompson-Okanagan region Map of Vancouver Island/Coast region
Cariboo
Kootenay
Mainland/Southwest
North Coast and Nechako
Northeast
Thompson-Okanagan
Vancouver Island/Coast
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Region Job Openings Avg. Annual Employment Growth
Cariboo 0 0.0%
Kootenay 60 0.0%
Mainland/Southwest 2,220 0.7%
North Coast and Nechako 10 4.1%
Northeast 0 0.0%
Thompson-Okanagan 330 0.9%
Vancouver Island/Coast 400 1.1%
Source: B.C. Labour Market Outlook

Industry Highlights

Learn about the opportunities in B.C.'s major industries, including employment trends, earning potential, locations of work and more.

Forecasted Job Openings by Industry

IndustryJob Openings (2022-2032)
Finance, insurance and real estate50,900
Construction72,700
Professional, Scientific and Technical Services148,000
For additional industry information, visit the Industry Profiles page.
Source: 2016 Census and B.C. Labour Market Outlook

Insights from Industry

Employers seeking insurance, real estate and financial brokerage managers often prefer to hire from within the company.

The role of financial brokerage managers is growing. In addition to their traditional duties, they also oversee and manage private bankers who provide loans to their clients.

Resources