Job prospects Financial Accountant in New Brunswick

Explore current and future job prospects for people working as a "financial accountant" in New Brunswick or Canada.

Job opportunities in New Brunswick

Note: These outlooks were updated on November 29^th, 2023. Learn more about our methodology.

Prospects over the next 3 years

The employment outlook will be moderate for Financial auditors and accountants (NOC 11100) in New Brunswick for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• A moderate number of positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

• In addition to working at accounting firms, financial auditors and accountants are employed throughout the economy, as they possess skills that are necessary for the functioning of any business, government or not-for-profit entity. As such, demand for these skills is expected to grow in line with population and economic growth.
• Increased application of technology, such as artificial intelligence and automation of routine tasks, may change the role of accountants and auditors going forward.
• In order to work in this field, a Chartered Professional Accountant (CPA) is required.
• Prospects are greater in the province’s larger urban centres (Fredericton, Moncton and Saint John), where greater concentrations of business services already exist.

Here are some key facts about Financial auditors and accountants in New Brunswick:

• Approximately 2,600 people work in this occupation.
• Financial auditors and accountants mainly work in the following sectors:
  • Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 37%
  • Federal government public administration (NAICS 911): 9%
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 6%
  • Other retail stores (NAICS 44-45, except 445): 6%
  • Provincial and territorial public administration (NAICS 912): 5%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 93% compared to 84% for all occupations
  • Part-time workers: 7% compared to 16% for all occupations
• 81% of financial auditors and accountants work all year, while 19% work only part of the year, compared to 62% and 38% respectively among all occupations. Those who worked only part of the year did so for an average of 47 weeks compared to 42 weeks for all occupations.
• 14% of financial auditors and accountants are self-employed compared to an average of 10% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 47% compared to 52% for all occupations
  • Women: 53% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 11% for all occupations
  • high school diploma or equivalent: less than 5% compared to 30% for all occupations
  • apprenticeship or trades certificate or diploma: less than 5% compared to 12% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 20% compared to 23% for all occupations
  • bachelor's degree: 55% compared to 16% for all occupations
  • university certificate, degree or diploma above bachelor level: 18% compared to 7% for all occupations

Breakdown by region

Explore job prospects in New Brunswick by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as a "financial accountant" Financial auditors and accountants (NOC 11100) or Canada.

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