Job prospects Financial Services Representative in Nova Scotia

Explore current and future job prospects for people working as a "financial services representative" in Nova Scotia or across Canada.

Job opportunities in Nova Scotia

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Financial sales representatives (NOC 63102) in Nova Scotia for the 2023-2025 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 small number of unemployed workers with recent experience in this occupation.
• High employee turnover in this occupation could lead to additional employment opportunities.

An increase in the number of postings in this occupation has been noted in recent years, particularly in the Halifax area, which has improved hiring prospects for candidates with little-to-no experience in sales. Remote sales work has also become more common, increasing the geographic scope of opportunities for jobseekers.

Recruitment by major financial institutions is sometimes done directly, rather than through job posting services. Jobseekers without previous experience may find that they are ineligible for roles with major banks, but that internal promotion from an entry-level teller or customer service position is a possibility.

Here are some key facts about Financial sales representatives in Nova Scotia:

• Approximately 1,700 people work in this occupation.
• Financial sales representatives mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 88%
• 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
• 78% of financial sales representatives work all year, while 22% 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 46 weeks compared to 42 weeks for all occupations.
• Less than 5% of financial sales representatives are self-employed compared to an average of 11% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 32% compared to 51% for all occupations
  • Women: 68% 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: 24% 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: 27% compared to 22% for all occupations
  • bachelor's degree: 34% compared to 20% for all occupations
  • university certificate, degree or diploma above bachelor level: 10% compared to 10% for all occupations

Breakdown by region

Explore job prospects in Nova Scotia by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as a "financial services representative" Financial sales representatives (NOC 63102) or across Canada.

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