Job prospects Associate Financial Advisor in Nova Scotia

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

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