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

High demand occupation
Table of contents
About this job Earnings and Outlook Duties Work environment
Workforce and employment statistics Job requirements Related careers Career paths and resources
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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

B.C. Labour Market Outlook (2017-2027)

Provincial outlook

Forecasted average employment growth rate

  • 2017 - 2022
  • 2022 - 2027

Source: B.C. Labour Market Outlook

Job openings

10 year expected job openings: 7,130

  • 2017
  • 2022
  • 2027

Source: B.C. Labour Market Outlook

Composition of job openings

 
New jobs due to economic growth:
22.8%
1,620 openings
 
Replacement of retiring workers:
77.2%
5,510 openings

Source: B.C. Labour Market Outlook

Regional outlook

Select a region to view regional outlook
Vancouver Island / Coast Mainland / Southwest Thompson-Okanagan Kootenay Cariboo Northeast North Coast & Nechako
Cariboo
Employment in 2017:
250
Average annual employment growth:
1.6%
Expected number of job openings:
170
Kootenay
Employment in 2017:
190
Average annual employment growth:
1.7%
Expected number of job openings:
140
Mainland / Southwest
Employment in 2017:
8,660
Average annual employment growth:
1.2%
Expected number of job openings:
4,970
North Coast & Nechako
Employment in 2017:
90
Average annual employment growth:
1.3%
Expected number of job openings:
60
Northeast
Employment in 2017:
100
Average annual employment growth:
0.7%
Expected number of job openings:
50
Thompson-Okanagan
Employment in 2017:
980
Average annual employment growth:
1.8%
Expected number of job openings:
690
Vancouver Island / Coast
Employment in 2017:
1,650
Average annual employment growth:
1.3%
Expected number of job openings:
1,070

Source: B.C. Labour Market Outlook

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.

Workforce and employment statistics

Workforce characteristics

15,000 workers are employed
59% of workers are working mostly full time

Source: 2011 National Household Survey

Employment by gender

  Men
  Women

Source: 2011 National Household Survey

Employment by age group

  15 - 24 years
  25 - 44 years
  45 - 64 years
  65+ years

Source: 2011 National Household Survey

Labour force by industry

Finance, Insurance and Real Estate:
94%
Construction:
2%
Professional, Scientific, and Technical Services:
1%
Public Administration:
1%
Wholesale Trade1:
1%
View more industry data

Source: 2011 National Household Survey

Note:1Data represents Wholesale and Retail Trade and will be updated when the 2017 data is available from Statistics Canada.

Employment by region

Select your region:
Vancouver Island / Coast Mainland / Southwest Thompson-Okanagan Kootenay Cariboo Northeast North Coast & Nechako
  % employment of this occupation
  % employment of all occupations
Cariboo
Kootenay
Mainland / Southwest
North Coast & Nechako
Northeast
Thompson-Okanagan
Vancouver Island / Coast

Source: 2011 National Household Survey

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.

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Profile last updated:
July 5, 2018
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