Job prospects Banking Advisor in Alberta

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Explore current and future job prospects for people working as a "banking advisor" in Alberta or across Canada.

Job opportunities in Alberta

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

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

The following factors contributed to this outlook:

• Employment growth will lead to a few 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.

• Higher for longer inflation may also have some firms rethinking expansion resulting in muted employment growth for this occupation.
• However, easing interest rates and inflation should improve spending and the outlook for this occupation.
• Alberta's population growth should improve the demand for this occupation. However, employment opportunities remain sensitive to economic conditions within the province.  

Here are some key facts about Financial advisors in Alberta:

• Approximately 12,950 people work in this occupation.
• Financial advisors mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 81%
  • Insurance Carriers and related activities (NAICS 524, 526): 8%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 93% compared to 80% for all occupations
  • Part-time workers: 7% compared to 20% for all occupations
• 81% of financial advisors work all year, while 19% work only part of the year, compared to 61% and 39% 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.
• 30% of financial advisors are self-employed compared to an average of 15% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 52% compared to 53% for all occupations
  • Women: 48% compared to 47% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 10% for all occupations
  • high school diploma or equivalent: 15% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: 6% compared to 13% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 24% compared to 19% for all occupations
  • bachelor's degree: 40% compared to 21% for all occupations
  • university certificate, degree or diploma above bachelor level: 14% compared to 9% for all occupations

Breakdown by region

Explore job prospects in Alberta by economic region.

Source Labour Market Information | Prospects Methodology