Job prospects Financial Consultant in Québec

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Explore current and future job prospects for people working as a "financial consultant" in Québec or across Canada.

Job opportunities in Québec

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

The employment outlook will be good for Financial advisors (NOC 11102) in Quebec for the 2024-2026 period.

The following factors contributed to this outlook:

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

Job growth depends mainly on the requirements related to the finance and insurance industries.

The increasing number of financial vehicles available, an ageing population, the increased value of investments and the reorganization of services towards personalized financial advisory services related to retirement, succession and investment management should support jobs for this occupational group.

The increased use of electronic platforms by clients for transactions affecting savings, investments and insurance could moderate job growth slightly in this group because it involves fewer staffing needs.

Here are some key facts about Financial advisors in Quebec:

• Approximately 25,850 people work in this occupation.
• Financial advisors mainly work in the following sectors:
  • Finance, insurance, real estate and leasing (NAICS 52, 53): 87%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 93% compared to 82% for all occupations
  • Part-time workers: 7% compared to 18% for all occupations
• 79% of financial advisors work all year, while 21% 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 43 weeks for all occupations.
• 31% of financial advisors are self-employed compared to an average of 12% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 55% compared to 52% for all occupations
  • Women: 45% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 12% for all occupations
  • high school diploma or equivalent: 9% compared to 19% for all occupations
  • apprenticeship or trades certificate or diploma: 7% compared to 19% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 28% compared to 22% for all occupations
  • bachelor's degree: 39% compared to 17% for all occupations
  • university certificate, degree or diploma above bachelor level: 16% compared to 11% for all occupations

Breakdown by region

Explore job prospects in Québec by economic region.

Source Labour Market Information | Prospects Methodology