Job prospects Banking Accounts Officer in Newfoundland and Labrador

Explore current and future job prospects for people working as a "banking accounts officer" in Newfoundland and Labrador or across Canada.

Job opportunities in Newfoundland and Labrador

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

Moderate

The employment outlook will be moderate for Financial sales representatives (NOC 63102) in Newfoundland and Labrador for the 2024-2026 period.

The following factors contributed to this outlook:

  • Employment growth will lead to a moderate number of new positions.
  • Not many positions will become available due to retirements.
  • There are a moderate number of unemployed workers with recent experience in this occupation.

Here are some key facts about Financial sales representatives in Newfoundland and Labrador:

  • Approximately 450 people worked in this occupation in May 2021.
  • Financial sales representatives mainly work in the following sectors:
    • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): more than 95%
  • The distribution of full-time and part-time workers in this occupation is:
    • Full-time workers: 92% compared to 83% for all occupations
    • Part-time workers: 8% compared to 17% for all occupations
  • 84% of financial sales representatives work all year, while 16% 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 47 weeks compared to 40 weeks for all occupations.
  • Less than 5% of financial sales representatives are self-employed compared to an average of 8% for all occupations.
  • The gender distribution of people in this occupation is:
    • Men: 26% compared to 51% for all occupations
    • Women: 74% compared to 49% for all occupations
  • The educational attainment of workers in this occupation is:
    • no high school diploma: less than 5% compared to 11% for all occupations
    • high school diploma or equivalent: 20% compared to 27% for all occupations
    • apprenticeship or trades certificate or diploma: 11% compared to 17% for all occupations
    • college certificate or diploma or university certificate below bachelor's: 35% compared to 23% for all occupations
    • bachelor's degree: 26% compared to 14% for all occupations
    • university certificate, degree or diploma above bachelor level: 7% compared to 7% for all occupations

Breakdown by region

Explore job prospects in Newfoundland and Labrador 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 "banking accounts officer" Financial sales representatives (NOC 63102) or across Canada.

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Labour Market Information Survey
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