Job prospects Wealth Advisor in Alberta
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Explore current and future job prospects for people working as a "wealth advisor" in Alberta or across Canada.

Job opportunities in Alberta

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

Moderate

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.

Legend

0 out of 5 stars
Undetermined
1 out of 5 stars
Very limited
2 out of 5 stars
Limited
3 out of 5 stars
Moderate
4 out of 5 stars
Good
5 out of 5 stars
Very good

Source Labour Market Information | Prospects Methodology

Job prospects elsewhere in Canada

Explore current and future job prospects for people working as a "wealth advisor" Other financial officers (NOC 11102) or across Canada.

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Labour Market Information Survey
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