Job prospects Loan Officer in Prince Edward Island

Explore current and future job prospects for people working as a "loan officer" in Prince Edward Island or across Canada.

Job opportunities in Prince Edward Island

These outlooks were updated on November 29th, 2023. Learn more about outlooks.

Prospects over the next 3 years

Moderate

The employment outlook will be moderate for Financial sales representatives (NOC 63102) in Prince Edward Island 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.

Here are some key facts about Financial sales representatives in Prince Edward Island:

  • Approximately 150 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): 82%
    • Federal government public administration (NAICS 911): 18%
  • 94% of financial sales representatives work all year, while 6% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 50 weeks compared to 41 weeks 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: n/a
    • high school diploma or equivalent: 46% compared to 28% for all occupations
    • apprenticeship or trades certificate or diploma: 9% compared to 11% for all occupations
    • college certificate or diploma or university certificate below bachelor's: 26% compared to 25% for all occupations
    • bachelor's degree: 20% compared to 17% for all occupations
    • university certificate, degree or diploma above bachelor level: n/a

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as a "loan officer" Financial sales representatives (NOC 63102) or across Canada.

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Labour Market Information Survey
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