Insurance, real estate and financial brokerage managers

NOC

10020

manage and evaluate the activities of departments or establishments that provide insurance, mortgage, real estate and investment services.

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Full NOC Description

Insurance, real estate and financial brokerage managers plan, organize, direct, control and evaluate the activities of departments or establishments that provide insurance, mortgage, real estate and investment services. They are generally responsible for business development and must ensure that their group reaches performance levels related to established objectives. They are employed by insurance companies, real estate firms, stockbrokers, investment dealers, mortgage brokers and security and commodity exchanges.

Main Duties

This group performs some or all of the following duties:

Insurance managers

Plan, organize, direct, control and evaluate the operations of an establishment or department that provides automobile, fire, life, property or other types of insurance services.

Real estate service managers

Plan, organize, direct, control and evaluate the operations of an establishment or department that buys, sells and leases residential and commercial properties for clients.

Mortgage broker managers

Plan, organize, direct, control and evaluate the operations of an establishment or department that finds lenders or lending institutions on behalf of clients seeking a mortgage.

Securities managers

Plan, organize, direct, control and evaluate the operations of an establishment or department that buys and sells stocks, bonds and other forms of investments on behalf of individual or institutional clients and manage the investments of their own clients.

Also Known As

bond sales manager
brokerage manager - investments
commodities trading manager
financial brokerage manager
insurance claims service manager

insurance manager

investment manager - financial brokerage

mortgage broker manager

real estate service manager

securities sales director

trading floor manager

Requirements

Employment Requirements

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 securities and investment industries, a recognized financial designation may be required (CFA, CFP, CIM or others).

In the insurance industry, a recognized professional designation is usually required.

Provincial Regulation

Provincially Regulated: Yes

Regulation Body

Financial and Consumer Services Commission (FCNB)

Employment by Sex

The following graph shows the percentage of men and women working in this occupation in New Brunswick.

Data legend

48.3%

Female

51.7%

Male

Employment by age

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by age group.

Data legend

0.0%

15-24

16.3%

25-34

37.2%

35-44

24.4%

45-54

14.0%

55-64

8.1%

65+

Employment by highest level of education

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by highest level of education achieved.

Data legend

0.0%

No Certificate, Diploma or Degree

20.9%

High School, Diploma or Equivalent

2.3%

Apprenticeship or Trades Certificate or Diploma

32.6%

College or University Below Bachelor Level

44.2%

University - Bachelor Level or Above

Employment by Industry

The following graph shows the industry groups in which the largest shares of persons working in this occupation in New Brunswick are employed. Small percentages for all top three industry groups may suggest employment for this occupation is widely distributed amongst many industry groups.

Data legend

69.8%

Finance and insurance

25.6%

Real estate and rental and leasing

N/A

4.7%

All Other Industries

Employment by Economic Regions

The following graph shows the breakdown of all persons employed in this occupation in New Brunswick by which economic region they reside in.

Data legend

N/A

Northeast

46.50%

Southeast

31.40%

Southwest

17.40%

Central

N/A

Northwest

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Annual Average Salary by Economic Regions

The following graph shows the average salary of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Data legend

N/A

Northeast

$89,000

Southeast

$110,000

Southwest

$92,000

Central

N/A

Northwest

Economic Regions

Hourly Median Wages by Economic Regions

The following represents the median hourly wage of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Salary

The following shows the average salary of everyone who worked full-time and year-round in this occupation across each of the Atlantic Provinces and nationally.

Employment Outlook

The following represents the number of job openings that are expected to occur in this occupation over the next three and ten years respectively, broken down by openings expected to result from growth (“new jobs”) and openings expected to result from attrition (death and retirements).

Occupational Profiles