Job prospects Loan Officer in New Brunswick

Explore current and future job prospects for people working as a "loan officer" in New Brunswick or across Canada.

Job opportunities in New Brunswick

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

The employment outlook will be limited for Financial sales representatives (NOC 63102) in New Brunswick for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment decline will lead to the loss of some positions.
• Not many positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.
• High employee turnover in this occupation could lead to additional employment opportunities.

Here are some key facts about Financial sales representatives in New Brunswick:

• Approximately 1,050 people work in this occupation.
• Financial sales representatives mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 86%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 95% compared to 84% for all occupations
  • Part-time workers: 5% compared to 16% for all occupations
• 83% of financial sales representatives work all year, while 17% 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 48 weeks compared to 42 weeks for all occupations.
• Less than 5% of financial sales representatives are self-employed compared to an average of 10% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 31% compared to 52% for all occupations
  • Women: 69% 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: 24% compared to 30% for all occupations
  • apprenticeship or trades certificate or diploma: 8% compared to 12% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 31% compared to 23% for all occupations
  • bachelor's degree: 30% compared to 16% for all occupations
  • university certificate, degree or diploma above bachelor level: 5% compared to 7% for all occupations

Breakdown by region

Explore job prospects in New Brunswick by economic region.

Source Labour Market Information | Prospects Methodology

Job prospects elsewhere in Canada

Explore current and future job prospects for people working as a "loan officer" Financial sales representatives (NOC 63102) or across Canada.

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