Insurance, real estate and financial brokerage managers

Insurance, real estate and financial brokerage managers

NOC
0121

Manage and evaluate the activities of departments or establishments that provide insurance, mortgage, real estate and investment services.

Quick facts

3 Year Outlook

Good
Good

3 Year Job Openings

55
 

Median Hourly Wage

N/A

Median Salary

$63,653
 

Typically Required

University

Employed

467
 

% Working Full Time

98%
 

% Working Full Year

88%
 
Job details

Full NOC Description

Insurance, real estate and financial brokerage managers plan, organize, direct, control and evaluate the activities of departments or establishments that provide insurance, mortgage, real estate and investment services. They are generally responsible for business development and must ensure that their group reaches performance levels related to established objectives. They are employed by insurance companies, real estate firms, stockbrokers, investment dealers, mortgage brokers and security and commodity exchanges.

Main Duties

Insurance, real estate and financial brokerage managers perform some or all of the following duties:

  • Plan, organize, direct, control and evaluate the operations of an establishment or department that provides automobile, fire, life, property or other types of insurance services
  • Plan, organize, direct, control and evaluate the operations of an establishment or department that buys, sells and leases residential and commercial properties for clients
  • Plan, organize, direct, control and evaluate the operations of an establishment or department that finds lenders or lending institutions on behalf of clients seeking a mortgage
  • Plan, organize, direct, control and evaluate the operation of an establishment or department that buys and sells stocks, bonds and other forms of investments on behalf of individual or institutional clients; manage the investments of their own clients

Also Known As

  • bond sales manager
  • brokerage manager - investments
  • commodities trading manager
  • financial brokerage manager
  • insurance claims service manager
  • insurance manager
  • investment manager - financial brokerage
  • mortgage broker manager
  • real estate broker
  • real estate service manager
  • securities sales director
  • trading floor manager
Requirements

Employment Requirements

  • A university degree or college diploma in business administration, economics or other related field is usually required.
  • Several years of experience within the appropriate industry are usually required.
  • Licensure appropriate to the service sold, such as real estate, mortgage, securities or insurance, may be required.
  • In the insurance industry, a recognized professional designation is usually required.

Provincial Regulation

  • Provincially Regulated: Yes
  • Compulsory: Yes
  • Red Seal: No
  • Certified Interprovincial Mobility: Yes
Employment by Sex

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

Data legend

42.4%
Female
57.6%
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

0.0%
15-24
11.9%
25-34
39.3%
35-44
27.4%
45-54
16.7%
55-64
4.8%
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

0.0%
No Certificate, Diploma or Degree
27.1%
High School, Diploma or Equivalent
3.5%
Apprenticeship or Trades Certificate or Diploma
27.1%
College or University Below Bachelor Level
42.4%
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

69.5%
Finance and insurance
30.5%
Real estate and rental and leasing
0.0%
N/A
0.0%
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

0.00%
Northeast
43.50%
Southeast
32.90%
Southwest
17.60%
Central
5.90%
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 Median Salary by Economic Regions

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

Data legend

N/A
Northeast
$70,505
Southeast
$67,045
Southwest
$58,000
Central
N/A
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
Salary

This following represents the median salary of all persons employed in this occupation compared to the median salary of workers employed in this occupation that work full-time year-round.

All Workers Employed in this Occupation

$63,653

Workers Employed Full-time, Full-year

$65,421

This following represents the median salary of persons employed in this occupation across each of the Atlantic Provinces and nationally.

New Brunswick

$63,653

Newfoundland

$67,527

Prince Edward Island

$49,926

Nova Scotia

$73,308

Canada

$83,318
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

Total Openings: 3 Year

55
 

New Jobs: 3 Year

3
 

Retirements/Deaths: 3 Year

51
 

Ten Year Outlook

Total Openings: 10 Year

203
 

New Jobs: 10 Year

23
 

Retirements/Deaths: 10 Year

178