Job prospects Economic Development Consultant in Ontario

Explore current and future job prospects for people working as an "economic development consultant" in Ontario or across Canada.

Job opportunities in Ontario

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Business development officers and market researchers and analysts (NOC 41402) in Ontario 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 several unemployed workers with recent experience in this occupation.

Here are some key facts about Business development officers and market researchers and analysts in Ontario:

• Approximately 14,150 people work in this occupation.
• Business development officers and market researchers and analysts mainly work in the following sectors:
  • Other professional, scientific and technical services (NAICS 5414, 5416-5419): 18%
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 9%
  • Computer systems design services (NAICS 5415): 9%
  • Wholesale trade (NAICS 41): 8%
  • Other retail stores (NAICS 44-45, except 445): 6%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 92% compared to 81% for all occupations
  • Part-time workers: 8% compared to 19% for all occupations
• 73% of business development officers and market researchers and analysts work all year, while 27% 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 45 weeks compared to 43 weeks for all occupations.
• 13% of business development officers and market researchers and analysts are self-employed compared to an average of 15% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 54% compared to 52% for all occupations
  • Women: 46% 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: 12% 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: 15% compared to 22% for all occupations
  • bachelor's degree: 43% compared to 24% for all occupations
  • university certificate, degree or diploma above bachelor level: 27% compared to 13% for all occupations

Breakdown by region

Explore job prospects in Ontario by economic region.

Source Labour Market Information | Prospects Methodology