Job prospects Business Development Officer in Newfoundland and Labrador

Explore current and future job prospects for people working as a "business development officer" in Newfoundland and Labrador or Canada.

Job opportunities in Newfoundland and Labrador

Note: These outlooks were updated on November 29^th, 2023. Learn more about our methodology.

Prospects over the next 3 years

The employment outlook will be moderate for Business development officers and market researchers and analysts (NOC 41402) in Newfoundland and Labrador for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment decline will lead to the loss of a few 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.

Here are some key facts about Business development officers and market researchers and analysts in Newfoundland and Labrador:

• Approximately 400 people worked in this occupation in May 2021.
• Business development officers and market researchers and analysts mainly work in the following sectors:
  • Provincial and territorial public administration (NAICS 912): 23%
  • Federal government public administration (NAICS 911): 13%
  • Computer systems design services (NAICS 5415): 12%
  • Printing and related support activities (NAICS 323): 7%
  • Religious, grant-making, civic, and professional and similar organizations (NAICS 813): 6%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 93% compared to 83% for all occupations
  • Part-time workers: 7% compared to 17% for all occupations
• 77% of business development officers and market researchers and analysts work all year, while 23% 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.
• 7% of business development officers and market researchers and analysts are self-employed compared to an average of 8% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 59% compared to 51% for all occupations
  • Women: 41% 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: 13% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: 6% compared to 17% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 20% compared to 23% for all occupations
  • bachelor's degree: 42% compared to 14% for all occupations
  • university certificate, degree or diploma above bachelor level: 17% 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