Job prospects Business Development Manager - Damage Insurance in Ontario

Explore current and future job prospects for people working as a "business development manager - damage insurance" 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 good for Insurance, real estate and financial brokerage managers (NOC 10020) 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.
• 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 Insurance, real estate and financial brokerage managers in Ontario:

• Approximately 15,900 people work in this occupation.
• Insurance, real estate and financial brokerage managers mainly work in the following sectors:
  • Insurance Carriers and related activities (NAICS 524, 526): 49%
  • Real Estate and rental and leasing (NAICS 53): 33%
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 15%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 93% compared to 81% for all occupations
  • Part-time workers: 7% compared to 19% for all occupations
• 84% of insurance, real estate and financial brokerage managers work all year, while 16% 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 48 weeks compared to 43 weeks for all occupations.
• 21% of insurance, real estate and financial brokerage managers 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: 13% 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: 20% compared to 22% for all occupations
  • bachelor's degree: 43% compared to 24% for all occupations
  • university certificate, degree or diploma above bachelor level: 20% compared to 13% for all occupations

Breakdown by region

Explore job prospects in Ontario 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 "business development manager - damage insurance" Insurance, real estate and financial brokerage managers (NOC 10020) or across Canada.

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