Job prospects Investment Advisor - Personal Finances in the Saguenay–Lac-Saint-Jean Region

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Over the past few years (2021-2023), there was a labour shortage for Other financial officers in the Saguenay–Lac-Saint-Jean Region. There were more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Methodology

The employment outlook will be moderate for Financial advisors (NOC 11102) in the Saguenay - Lac-Saint-Jean region for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• Not many positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

Job growth depends mainly on the requirements related to the finance and insurance industries.

The increasing number of financial vehicles available, an ageing population, the increased value of investments and the reorganization of services towards personalized financial advisory services related to retirement, succession and investment management should support jobs for this occupational group.

The increased use of electronic platforms by clients for transactions affecting savings, investments and insurance could moderate job growth slightly in this group because it involves fewer staffing needs.

Here are some key facts about Financial advisors in the Saguenay - Lac-Saint-Jean region:

• Approximately 640 people worked in this occupation in May 2021.
• Financial advisors mainly work in the following sectors:
  • Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 93%

Source Labour Market Information | Prospects Methodology