Job prospects Banking Advisor in Nova Scotia

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

Job opportunities in Nova Scotia

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be good for Financial advisors (NOC 11102) in Nova Scotia for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of 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.

Opportunities may exist at larger financial institutions in the Halifax region.  There may be more opportunities for entry-level positions and those with related education and some experience.

Here are some key facts about Financial advisors in Nova Scotia:

• Approximately 2,050 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): 9%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 94% compared to 82% for all occupations
  • Part-time workers: 6% compared to 18% for all occupations
• 82% of financial advisors work all year, while 18% 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.
• 28% of financial advisors are self-employed compared to an average of 11% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 60% compared to 51% for all occupations
  • Women: 40% compared to 49% 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: 13% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: less than 5% compared to 12% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 19% compared to 22% for all occupations
  • bachelor's degree: 47% compared to 20% for all occupations
  • university certificate, degree or diploma above bachelor level: 17% compared to 10% for all occupations

Breakdown by region

Explore job prospects in Nova Scotia by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

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

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