Job prospects Commercial Lines Account Manager in New Brunswick

Explore current and future job prospects for people working as a "commercial lines account manager" 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 good for Insurance, real estate and financial brokerage managers (NOC 10020) in New Brunswick for the 2024-2026 period.

The following factors contributed to this outlook:

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

• Insurance managers are employed by insurance carriers, agencies, and brokerages. Real estate managers are generally employed by real estate brokerages, and property management companies. Financial brokerage managers are typically employed by large brokerage firms. 
• Several years of experience working in either industry will enhance employment prospects.
• Insurance industry candidates may require a Certified Risk Manager (CRM) or Chartered Insurance Professional (CIP) professional designation.
• New Brunswick's Real Estate Agents Act requires that each manager in this field possess a Real Estate Manager's Licence.
• A Chartered Financial Analyst (CFA) or other recognized financial designation are generally required for financial brokerage managers.
• Expertise in local insurance, real estate, or financial trends is typically required.
• Knowledge of both French and English will be required in certain areas of the province.

Here are some key facts about Insurance, real estate and financial brokerage managers in New Brunswick:

• Approximately 450 people worked in this occupation in May 2021.
• Insurance, real estate and financial brokerage managers mainly work in the following sectors:
  • Insurance Carriers and related activities (NAICS 524, 526): 67%
  • Real Estate and rental and leasing (NAICS 53): 27%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 91% compared to 84% for all occupations
  • Part-time workers: 9% compared to 16% for all occupations
• 89% of insurance, real estate and financial brokerage managers work all year, while 11% 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 50 weeks compared to 42 weeks for all occupations.
• 26% of insurance, real estate and financial brokerage managers are self-employed compared to an average of 10% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 52% compared to 52% for all occupations
  • Women: 48% 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: 19% compared to 30% for all occupations
  • apprenticeship or trades certificate or diploma: 6% compared to 12% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 28% compared to 23% for all occupations
  • bachelor's degree: 36% compared to 16% for all occupations
  • university certificate, degree or diploma above bachelor level: 10% 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 "commercial lines account manager" Insurance, real estate and financial brokerage managers (NOC 10020) or across Canada.

Learn more