Senior managers - financial, communications and related services

Senior managers - financial, communications and related services

NOC
00012

- Senior managers - financial, communications and other business services

develop and establish objectives, policies and programs for business service companies, and oversee the operations of the organization in relation to established objectives.

Quick facts

3-Year Outlook

Good
Good

3-Year Job Openings

N/A

Median Hourly Wage

$52.40
$23.00
Low
$74.12
High

Average Salary

$168,400
 

Typically Required

University

Employed

N/A
Job details

Full NOC Description

Senior managers in financial, communications and other business services are usually appointed by a board of directors, to which they report. They work either alone or in conjunction with the board of directors to develop and establish objectives for the company, and to develop or approve policies and programs. They plan, organize, direct, control and evaluate, through middle managers, the operations of their organization in relation to established objectives.

Main Duties

This group performs some or all of the following duties:
 

  • Determine the company's mission and strategic direction as conveyed through policies and concrete objectives which are met through the effective management of human, financial and material resources
  • Authorize and organize the establishment of major departments and associated senior staff positions
  • Allocate material, human and financial resources to implement organizational policies and programs; establish financial and administrative controls; formulate and approve promotional campaigns; and approve overall human resources planning
  • Select middle managers, directors or other executive staff; delegate the necessary authority to them and create optimum working conditions
  • Represent the organization, or delegate representatives to act on behalf of the organization, in negotiations or other official functions.
  • Senior managers in this unit group may specialize in areas such as finance, marketing or human resources or in a particular service area.

Also Known As

  • advertising agency president
  • bank president
  • chief executive officer (CEO) - telephone company
  • chief financial officer (CFO) - advertising agency
  • chief operating officer - engineering firm
  • computing services company president
  • credit union executive director
  • executive vice-president - real estate agency
  • general manager - real estate management company
  • human resources vice-president - bank
  • marketing vice-president - clerical staff services
  • operations vice-president - satellite communication services
  • president and chief executive officer - financial, communications and other business services
  • trust company regional vice-president
Requirements

Employment Requirements

  • A university degree in business administration, commerce, computer science or other discipline related to the service provided is usually required.
  • Several years of experience as a middle manager in financial, communications or other business services are usually required.
  • Specialization in a particular functional area or service is possible through specific university training in that area or through previous experience.
  • Senior managers in finance usually require a professional accounting or financial designation.

Provincial Regulation

Not Provincially Regulated

Employment by Sex

The following graph shows the percentage of men and women working in this occupation in New Brunswick.

Data legend

35.9%
Female
64.1%
Male
Employment by age

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by age group.

Data legend

0.3%
15-24
4.5%
25-34
23.7%
35-44
38.0%
45-54
21.3%
55-64
12.2%
65+
Employment by highest level of education

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by highest level of education achieved.

Data legend

3.5%
No Certificate, Diploma or Degree
14.0%
High School, Diploma or Equivalent
2.5%
Apprenticeship or Trades Certificate or Diploma
20.5%
College or University Below Bachelor Level
59.5%
University - Bachelor Level or Above
Employment by Industry

The following graph shows the industry groups in which the largest shares of persons working in this occupation in New Brunswick are employed. Small percentages for all top three industry groups may suggest employment for this occupation is widely distributed amongst many industry groups.

Data legend

21.3%
Professional, scientific and technical services
10.1%
Other services (except public administration)
8.7%
Finance and insurance
59.9%
All Other Industries
Employment by Economic Regions

The following graph shows the breakdown of all persons employed in this occupation in New Brunswick by which economic region they reside in.

Data legend

17.10%
Northeast
29.70%
Southeast
24.10%
Southwest
19.90%
Central
9.10%
Northwest
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Annual Average Salary by Economic Regions

The following graph shows the average salary of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Data legend

$91,000
Northeast
$165,000
Southeast
$236,000
Southwest
$149,000
Central
$180,000
Northwest
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Hourly Median Wages by Economic Regions

The following represents the median hourly wage of all persons employed in this occupation in each of New Brunswick’s five economic regions.

No Data Available

Southeast

$52.40
$23.00
Low
$74.12
High
No Data Available

Central

$52.40
$23.00
Low
$74.12
High
No Data Available
Salary

The following shows the average salary of everyone who worked full-time and year-round in this occupation across each of the Atlantic Provinces and nationally.

New Brunswick

$168,400

Newfoundland

$153,000

Prince Edward Island

$126,000

Nova Scotia

$211,200

Canada

$202,200
Employment Outlook

The following represents the number of job openings that are expected to occur in this occupation over the next three and ten years respectively, broken down by openings expected to result from growth (“new jobs”) and openings expected to result from attrition (death and retirements).

Three Year Outlook

No Data Available

Ten Year Outlook

No Data Available