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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

$88,763

Source: 2017 Job Bank Wage data

Note:Estimated median employment income based on 2017 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: 2017 Job Bank Wage Report

B.C. Labour Market Outlook (2018-2028)

Provincial outlook

Forecasted average employment growth rate

  • 2018 - 2023
  • 2023 - 2028

Source: B.C. Labour Market Outlook

Job openings

10 year expected job openings: 3,270

  • 2018
  • 2023
  • 2028

Source: B.C. Labour Market Outlook

Composition of job openings

 
New jobs due to economic growth:
20.8%
680 openings
 
Replacement of retiring workers:
79.2%
2,590 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 2018:
60
Average annual employment growth:
1.0%
Expected number of job openings:
30
Kootenay
Employment in 2018:
100
Average annual employment growth:
1.0%
Expected number of job openings:
60
Mainland / Southwest
Employment in 2018:
5,260
Average annual employment growth:
1.0%
Expected number of job openings:
2,510
North Coast & Nechako
Employment in 2018:
30
Average annual employment growth:
1.2%
Expected number of job openings:
20
Northeast
Employment in 2018:
30
Average annual employment growth:
1.6%
Expected number of job openings:
20
Thompson-Okanagan
Employment in 2018:
440
Average annual employment growth:
1.0%
Expected number of job openings:
260
Vancouver Island / Coast
Employment in 2018:
630
Average annual employment growth:
0.9%
Expected number of job openings:
370

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

6,600 workers are employed
63% of workers are working mostly full time

Source: 2016 Census

Employment by gender

  Men
  Women

Source: 2016 Census

Employment by age group

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

Source: 2016 Census

Labour force by industry

Finance, Insurance and Real Estate:
95%
Construction:
2%
Professional, Scientific, and Technical Services:
1%
View more industry data

Source: 2016 Census

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: 2016 Census

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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