11102 - Financial Advisors

Financial Advisors are in high demand across Canada’s popular Financial and Accounting departments. The demand for skilled workers under this TEER has been rapidly expanding post the pandemic, and this trend is expected to continue over the coming years. There will be many job opportunities available for Financial Advisors in Canada.

The high demand for skilled workers in this field has led to competitive salaries and excellent benefits for Financial Advisors, with salaries ranging from $56,883 to $87,645 per year, depending on experience, location, and specialization. These salaries are typically higher than average in this industry.

Financial Advisor Jobs in Canada also offer many opportunities for career advancement across sectors such as banks, investment firms, and insurance companies. Financial Advisors in Canada have numerous opportunities to expand their skills and take on new challenges.

Financial Advisors in Canada can access a wide range of benefits, including strong job security, high compensation, a supportive work environment, a direct pathway to Canadian PR, and free healthcare. Canada is known for its welcoming and diverse culture, making it an excellent place for individuals under this TEER to live and work.

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What is NOC 11102 (Financial Advisors)?

NOC 11102 – Financial Advisors includes professionals who provide personalized financial advice to individuals and businesses on investments, retirement planning, insurance, taxation, and wealth management. They assess clients’ financial goals, recommend suitable financial products, and help manage portfolios. This TEER 1 occupation is eligible for Express Entry and PNP programs.

Related Job Titles

Here are some other job titles that are also included in the same NOC:

• Account manager
• Financial advisor
• Financial consultant
• Financial planner
• Financial security advisor
• Personal finance advisor
• Personal investment advisor

Financial Advisors Job Description

This group performs some or all of the following duties:

• Develop personal financial plans for clients covering cash management, finances, insurance coverage, investments, retirement and estate planning, taxes, and legal matters.
• Analyze clients' financial records, set goals, and develop a financial strategy.
• Advise clients on implementing the financial plan to help them achieve their goals.
• May also arrange for the purchase and sale of financial products and investments depending on the license held, and monitor the portfolio to ensure its quality and profitability.
• May help to expand business and attract new clients.

Financial Advisors Benefits

Benefits are the advantages employers offer in addition to wages and salaries. These can include, but are not limited to:

• Employer-sponsored pension plans
• Dental, medical, and life insurance plans
• Leave entitlements, such as maternity, parental, or caregiver leave
• Sick days and vacation days
• Payroll taxes, such as employer contributions to the Employment Insurance program and the Canada Pension Plan (CPP) or Quebec Pension Plan (QPP)

Financial Advisors Salary Prospects

Job Openings - Financial Advisors (NOC 11102)

Over the period 2024-2033, new job openings for Financial Advisors are expected to total 48,600, while 60,700 new job seekers are expected to be available to fill them. Immigrants from India seeking Financial Advisor jobs in Canada may find it easier to secure employment under TEER 11102.