Job prospects Wealth Advisor in British Columbia

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Explore current and future job prospects for people working as a "wealth advisor" in British Columbia or across Canada.

Job opportunities in British Columbia

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Financial advisors (NOC 11102) in British Columbia for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment is expected to remain relatively stable.
• Several positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

Here are some key facts about Financial advisors in British Columbia:

• Approximately 18,500 people work in this occupation.
• Financial advisors mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 78%
  • Insurance Carriers and related activities (NAICS 524, 526): 10%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 91% compared to 78% for all occupations
  • Part-time workers: 9% compared to 22% for all occupations
• 80% of financial advisors work all year, while 20% 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 47 weeks compared to 42 weeks for all occupations.
• 33% of financial advisors are self-employed compared to an average of 17% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 56% compared to 52% for all occupations
  • Women: 44% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 8% for all occupations
  • high school diploma or equivalent: 14% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: 5% compared to 13% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 20% compared to 17% for all occupations
  • bachelor's degree: 44% compared to 22% for all occupations
  • university certificate, degree or diploma above bachelor level: 16% compared to 12% for all occupations

Breakdown by region

Explore job prospects in British Columbia 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 "wealth advisor" Other financial officers (NOC 11102) or across Canada.

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