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.
Source: Estimated median employment income based on 2021 Job Bank median hourly wage rate (median annual salary = hourly wage rate x 40 (hours per week) x 52.14 (weeks per year))
Note:Estimated median employment income based on 2021 Job Bank median hourly wage rate (median annual salary = hourly wage rate x 40 (hours per week) x 52.14 (weeks per year))
Source: 2021 Job Bank Wage Report
Source: B.C. Labour Market Outlook
10 year expected job openings: 3,130
In general, insurance, real estate and financial brokerage managers:
Specifically:
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.
Source: 2016 Census
Insurance, real estate and financial brokerage managers need:
Depending on the role, licensing may also be required.
For more information about programs offered specifically for this career, visit EducationPlannerBC.
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 35 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. You’ll also find the skill strength needed, letting you know how capable you must be in that skill.
Check out the list and see if this career matches your skills—take that first step!
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.
Career paths
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.
Additional resources