Job prospects Insolvency And Bankruptcy Administrator in Newfoundland and Labrador

Explore current and future job prospects for people working as an "insolvency and bankruptcy administrator" in Newfoundland and Labrador or across Canada.

Job opportunities in Newfoundland and Labrador

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Banking, insurance and other financial clerks (NOC 14201) in Newfoundland and Labrador 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 moderate number of unemployed workers with recent experience in this occupation.

Increased use of self-service banking will constrain growth in this occupation.

Here are some key facts about Banking, insurance and other financial clerks in Newfoundland and Labrador:

• Approximately 100 people worked in this occupation in May 2021.
• Banking, insurance and other financial clerks mainly work in the following sectors:
  • Insurance Carriers and related activities (NAICS 524, 526): 61%
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 19%
  • Provincial and territorial public administration (NAICS 912): 16%
• 79% of banking, insurance and other financial clerks work all year, while 21% work only part of the year, compared to 56% and 43% respectively among all occupations. Those who worked only part of the year did so for an average of 46 weeks compared to 40 weeks for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 19% compared to 51% for all occupations
  • Women: 81% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: n/a
  • high school diploma or equivalent: 13% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: 13% compared to 17% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 31% compared to 23% for all occupations
  • bachelor's degree: 13% compared to 14% for all occupations
  • university certificate, degree or diploma above bachelor level: 13% compared to 7% for all occupations

Breakdown by region

Explore job prospects in Newfoundland and Labrador by economic region.

Source Labour Market Information | Prospects Methodology