NOC 10010: Financial managers

The employment outlook will be Good for financial managers (NOC 10010) in Prince Edward Island for the 2025-2027 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 moderate number of unemployed workers with recent experience in this occupation.

Financial managers play a vital role in overseeing financial operations across a wide range of industries, including banking, investment firms, insurance, government, and corporate sectors. While many employers prefer candidates with a master’s degree in finance, accounting, or business administration, professional designations such as Chartered Professional Accountant (CPA), Chartered Financial Analyst (CFA), and completion of the Canadian Securities Course (CSC) are often required or strongly recommended depending on the specialization. Increasingly, financial managers are expected to bring expertise in financial software, data analytics, and emerging areas and cybersecurity risk. As financial operations become more complex and technology-driven, the role of financial managers continues to evolve.

The demand for workers in this occupation is influenced by economic conditions and business activity. Prince Edward Island’s economy is projected to expand at a modest pace over the forecast horizon, constrained by slower population growth and ongoing trade uncertainties. Growth will be supported by strong export performance—particularly in processed foods and seafood, aerospace, pharmaceuticals, and chemicals—alongside sustained construction activity and a resilient tourism sector. Declining interest rates are expected to further support domestic spending and housing demand. However, the federal reduction in immigration targets has led to a marked decline in international arrivals, a slowdown that is anticipated to moderate consumer demand and labour force growth. Over the longer term, reduced immigration presents a key risk to the province’s economic outlook.

Here are some key facts about financial managers in Prince Edward Island:

Approximately 200 people work in this occupation.

Financial managers mainly work in the following sectors:

Federal government public administration (NAICS 911): 14%

Hospitals (NAICS 622): 13%

Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 12%

Social assistance (NAICS 624): 9%

Other services (except public administration) (NAICS 81): 9%

The distribution of full-time and part-time workers in this occupation is:

Full-time workers: 94% compared to 84% for all occupations

Part-time workers: 6% compared to 16% for all occupations

81% of financial managers work all year, while 19% 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 47 weeks compared to 41 weeks for all occupations.

The gender distribution of people in this occupation is:

Men: 34% compared to 51% for all occupations

Women: 66% 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: less than 5% compared to 28% for all occupations

apprenticeship or trades certificate or diploma: less than 5% compared to 11% for all occupations

college certificate or diploma or university certificate below bachelor's: 31% compared to 25% for all occupations

bachelor's degree: 31% compared to 17% for all occupations

university certificate, degree or diploma above bachelor level: 28% compared to 8% for all occupations

The employment outlook will be Good for financial managers (NOC 10010) in Northwest Territories for the 2025-2027 period.

The following factors contributed to this outlook:

Employment growth will lead to a few new positions.

Several positions will become available due to retirements.

There are a small number of unemployed workers with recent experience in this occupation.

Financial managers are employed in nearly all industries in the Northwest Territories.

Changes in technology, including the availability of online services, artificial intelligence, and the automation of back-office processes, may slow down job growth and change some job roles.

Here are some key facts about financial managers in Northwest Territories:

Approximately 100 people worked in this occupation in May 2021.

Financial managers mainly work in the following sectors:

Public Administration and Defence (NAICS 91): 66%

Other Commercial Services (NAICS 54-56, 81): 10%

The gender distribution of people in this occupation is:

Men: 23% compared to 52% for all occupations

Women: 77% compared to 48% for all occupations

The educational attainment of workers in this occupation is:

no high school diploma: n/a

high school diploma or equivalent: n/a

apprenticeship or trades certificate or diploma: n/a

college certificate or diploma or university certificate below bachelor's: n/a

bachelor's degree: 30% compared to 17% for all occupations

university certificate, degree or diploma above bachelor level: n/a

The employment outlook will be Moderate for financial managers (NOC 10010) in Newfoundland and Labrador for the 2025-2027 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.

With a slight decline in employment expected over the forecast period, most opportunities are expected to be generated because of attrition through retirement. Candidates with several years of experience in financial analysis will be at an advantage. Many employers prefer individuals with a master's degree in a related discipline and/or with a financial professional designation, depending on the type of financial service operation; examples include Chartered Professional Accountant (CPA), Certified Financial Analyst (CFA), Certified Insurance Consultant, and the Canadian Securities Course.

Here are some key facts about financial managers in Newfoundland and Labrador:

Approximately 600 people work in this occupation.

Financial managers mainly work in the following sectors:

Provincial and territorial public administration (NAICS 912): 11%

Hospitals (NAICS 622): 8%

Social assistance (NAICS 624): 7%

Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 6%

Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 6%

93% of financial managers work all year, while 7% 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 50 weeks compared to 40 weeks for all occupations.

The gender distribution of people in this occupation is:

Men: 31% compared to 51% for all occupations

Women: 69% 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: 10% compared to 27% for all occupations

apprenticeship or trades certificate or diploma: 8% compared to 17% for all occupations

college certificate or diploma or university certificate below bachelor's: 28% compared to 23% for all occupations

bachelor's degree: 44% compared to 14% for all occupations

university certificate, degree or diploma above bachelor level: 10% compared to 7% for all occupations

The employment outlook will be Moderate for financial managers (NOC 10010) in Nova Scotia for the 2025-2027 period.

The following factors contributed to this outlook:

Employment growth will lead to a few new 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 financial managers in Nova Scotia:

Approximately 2,050 people work in this occupation.

Financial managers mainly work in the following sectors:

Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 17%

Religious, grant-making, civic, and professional and similar organizations (NAICS 813): 9%

Other retail stores (NAICS 44-45, except 445): 8%

Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 6%

Universities (NAICS 6113): 5%

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

89% of financial managers work all year, while 11% 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 49 weeks compared to 42 weeks for all occupations.

The gender distribution of people in this occupation is:

Men: 43% compared to 51% for all occupations

Women: 56% 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: 10% 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: 21% compared to 22% for all occupations

bachelor's degree: 41% compared to 20% for all occupations

university certificate, degree or diploma above bachelor level: 22% compared to 10% for all occupations

The employment outlook will be Moderate for financial managers (NOC 10010) in New Brunswick for the 2025-2027 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 moderate number of unemployed workers with recent experience in this occupation.

These managers are employed in financial and accounting departments across the public and private sector.

Several years of experience in accounting, auditing, budgeting, financial planning and analysis or other financial activities are generally required.

Accounting and audit managers may require a Chartered Professional Accountant (CPA) designation.

Investment, treasury, or corporate finance managers may require a Chartered Financial Analyst (CFA) or other recognized financial designation.

Candidates should be familiar with industry-specific software packages, as well as local laws and financial regulations.

Prospects are greater in the province’s larger urban centres (Fredericton, Moncton, and Saint John), where there are greater concentrations of financial services. However, an availability to work in rural areas will expand the number of opportunities.

Knowledge of both French and English will be required in certain regions of the province.

Here are some key facts about financial managers in New Brunswick:

Approximately 1,200 people work in this occupation.

Financial managers mainly work in the following sectors:

Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 10%

Other retail stores (NAICS 44-45, except 445): 9%

Federal government public administration (NAICS 911): 9%

Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 6%

Provincial and territorial public administration (NAICS 912): 5%

85% of financial managers work all year, while 15% 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.

The gender distribution of people in this occupation is:

Men: 36% compared to 52% for all occupations

Women: 64% compared to 48% 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 30% 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: 26% compared to 23% for all occupations

bachelor's degree: 37% compared to 16% for all occupations

university certificate, degree or diploma above bachelor level: 19% compared to 7% for all occupations

The employment outlook will be Moderate for financial managers (NOC 10010) in Quebec for the 2025-2027 period.

The following factors contributed to this outlook:

Employment growth will lead to a few new 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 financial managers in Quebec:

Approximately 17,950 people work in this occupation.

Financial managers mainly work in the following sectors:

Finance, insurance, real estate and leasing (NAICS 52, 53): 20%

Other retail stores (NAICS 44-45, except 445): 11%

Construction (NAICS 23): 8%

Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 6%

Wholesale trade (NAICS 41): 5%

83% of financial managers work all year, while 17% 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 43 weeks for all occupations.

The gender distribution of people in this occupation is:

Men: 42% compared to 52% for all occupations

Women: 57% compared to 48% for all occupations

The educational attainment of workers in this occupation is:

no high school diploma: less than 5% compared to 12% for all occupations

high school diploma or equivalent: 9% compared to 19% for all occupations

apprenticeship or trades certificate or diploma: 6% compared to 19% for all occupations

college certificate or diploma or university certificate below bachelor's: 19% compared to 22% for all occupations

bachelor's degree: 34% compared to 17% for all occupations

university certificate, degree or diploma above bachelor level: 30% compared to 11% for all occupations

The employment outlook will be Moderate for financial managers (NOC 10010) in Manitoba for the 2025-2027 period.

The following factors contributed to this outlook:

Employment growth will lead to a few new 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 financial managers in Manitoba:

Approximately 2,350 people work in this occupation.

Financial managers mainly work in the following sectors:

Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 16%

Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 8%

Other retail stores (NAICS 44-45, except 445): 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 81% for all occupations

Part-time workers: 7% compared to 19% for all occupations

90% of financial managers work all year, while 10% work only part of the year, compared to 65% and 35% respectively among all occupations. Those who worked only part of the year did so for an average of 50 weeks compared to 43 weeks for all occupations.

The gender distribution of people in this occupation is:

Men: 42% compared to 53% for all occupations

Women: 57% compared to 47% for all occupations

The educational attainment of workers in this occupation is:

no high school diploma: less than 5% compared to 12% for all occupations

high school diploma or equivalent: 17% compared to 31% for all occupations

apprenticeship or trades certificate or diploma: 6% compared to 12% for all occupations

college certificate or diploma or university certificate below bachelor's: 19% compared to 17% for all occupations

bachelor's degree: 40% compared to 20% for all occupations

university certificate, degree or diploma above bachelor level: 16% compared to 8% for all occupations

The employment outlook will be Moderate for financial managers (NOC 10010) in Saskatchewan for the 2025-2027 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.

Here are some key facts about financial managers in Saskatchewan:

Approximately 1,550 people work in this occupation.

Financial managers mainly work in the following sectors:

Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 12%

Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 11%

Provincial and territorial public administration (NAICS 912): 8%

Local, municipal, regional, aboriginal and other public administration (NAICS 913-919): 7%

Wholesale trade (NAICS 41): 6%

The distribution of full-time and part-time workers in this occupation is:

Full-time workers: 93% compared to 81% for all occupations

Part-time workers: 7% compared to 19% for all occupations

86% of financial managers work all year, while 14% work only part of the year, compared to 65% and 35% respectively among all occupations. Those who worked only part of the year did so for an average of 49 weeks compared to 43 weeks for all occupations.

The gender distribution of people in this occupation is:

Men: 40% compared to 53% for all occupations

Women: 60% compared to 47% 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: 12% compared to 33% for all occupations

apprenticeship or trades certificate or diploma: 8% compared to 15% for all occupations

college certificate or diploma or university certificate below bachelor's: 25% compared to 17% for all occupations

bachelor's degree: 41% compared to 18% for all occupations

university certificate, degree or diploma above bachelor level: 13% compared to 7% for all occupations

The employment outlook will be Moderate for financial managers (NOC 10010) in Alberta for the 2025-2027 period.

The following factors contributed to this outlook:

Employment growth will lead to a few new 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 financial managers in Alberta:

Approximately 8,900 people work in this occupation.

Financial managers mainly work in the following sectors:

Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 14%

Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 9%

Other retail stores (NAICS 44-45, except 445): 7%

Construction (NAICS 23): 6%

Oil and gas extraction (NAICS 211): 5%

The distribution of full-time and part-time workers in this occupation is:

Full-time workers: 91% compared to 80% for all occupations

Part-time workers: 9% compared to 20% for all occupations

83% of financial managers work all year, while 17% work only part of the year, compared to 61% and 39% 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.

The gender distribution of people in this occupation is:

Men: 39% compared to 53% for all occupations

Women: 61% compared to 47% 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: 15% compared to 28% for all occupations

apprenticeship or trades certificate or diploma: less than 5% compared to 13% for all occupations

college certificate or diploma or university certificate below bachelor's: 20% compared to 19% for all occupations

bachelor's degree: 41% compared to 21% for all occupations

university certificate, degree or diploma above bachelor level: 17% compared to 9% for all occupations

The employment outlook will be Moderate for financial managers (NOC 10010) in Nunavut for the 2025-2027 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 moderate number of unemployed workers with recent experience in this occupation.

Financial managers are employed in nearly all industries in Nunavut.

Changes in technology, including the availability of online services, artificial intelligence, and the automation of back-office processes, may slow down job growth and change some job roles.

Here are some key facts about financial managers in Nunavut:

Approximately 100 people worked in this occupation in May 2021.

Financial managers mainly work in the following sectors:

Public Administration and Defence (NAICS 91): 66%

Other Commercial Services (NAICS 54-56, 81): 10%

The distribution of full-time and part-time workers in this occupation is:

Full-time workers: 90% compared to 87% for all occupations

Part-time workers: 10% compared to 13% for all occupations

81% of financial managers work all year, while 19% work only part of the year, compared to 72% and 28% respectively among all occupations. Those who worked only part of the year did so for an average of 49 weeks compared to 44 weeks for all occupations.

The gender distribution of people in this occupation is:

Men: 35% compared to 51% for all occupations

Women: 65% compared to 49% for all occupations

The educational attainment of workers in this occupation is:

no high school diploma: 14% compared to 37% for all occupations

high school diploma or equivalent: 18% compared to 22% for all occupations

apprenticeship or trades certificate or diploma: less than 5% compared to 11% for all occupations

college certificate or diploma or university certificate below bachelor's: 27% compared to 15% for all occupations

bachelor's degree: 32% compared to 10% for all occupations

university certificate, degree or diploma above bachelor level: 9% compared to 6% for all occupations

The employment outlook will be Limited for financial managers (NOC 10010) in Ontario for the 2025-2027 period.

The following factors contributed to this outlook:

Employment growth will lead to a few new 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.

What Types of Employers Are Out There?

Employed across all major sectors of the economy, with the leading share in the finance and insurance services industry, notably in banks

Other key employers are accounting, tax preparation and bookkeeping firms, and the manufacturing sector

What are the Main Trends Affecting Employment?

These professionals are employed in a range of roles across many sectors, and job prospects would usually be relatively stable

However, general operational shifts in financial services and recent job cuts to corporate roles in other sectors may constrain potential job growth in this occupation.

What Skills Do I Need to Succeed?

Accounting and auditing managers may require a recognized accounting designation

What Other Information Will I Find Helpful?

The Toronto economic region accounts for an above-average share of financial managers in Ontario (62%).

Here are some key facts about financial managers in Ontario:

Approximately 36,600 people work in this occupation.

Financial managers mainly work in the following sectors:

Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 24%

Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 7%

Wholesale trade (NAICS 41): 5%

86% of financial managers work all year, while 14% work only part of the year, compared to 63% and 37% respectively among all occupations. Those who worked only part of the year did so for an average of 48 weeks compared to 43 weeks for all occupations.

The gender distribution of people in this occupation is:

Men: 43% compared to 52% for all occupations

Women: 56% compared to 48% for all occupations

The educational attainment of workers in this occupation is:

no high school diploma: less than 5% compared to 9% for all occupations

high school diploma or equivalent: 10% compared to 25% for all occupations

apprenticeship or trades certificate or diploma: less than 5% compared to 8% for all occupations

college certificate or diploma or university certificate below bachelor's: 17% compared to 22% for all occupations

bachelor's degree: 45% compared to 24% for all occupations

university certificate, degree or diploma above bachelor level: 26% compared to 13% for all occupations

Since the employment opportunities in this occupation are primarily based on talent or entrepreneurship, they will vary from one individual to another.