Job prospects Associate Financial Advisor in Ontario
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Explore current and future job prospects for people working as an "associate financial advisor" in Ontario or across Canada.

Job opportunities in Ontario

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

Moderate

The employment outlook will be moderate for Financial advisors (NOC 11102) 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 a small number of unemployed workers with recent experience in this occupation.

Here are some key facts about Financial advisors in Ontario:

  • Approximately 57,300 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): 77%
    • Insurance Carriers and related activities (NAICS 524, 526): 9%
  • 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
  • 82% of financial advisors work all year, while 18% 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.
  • 30% of financial advisors are self-employed compared to an average of 15% for all occupations.
  • The gender distribution of people in this occupation is:
    • Men: 56% compared to 52% for all occupations
    • Women: 43% 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: 21% compared to 22% for all occupations
    • bachelor's degree: 45% compared to 24% for all occupations
    • university certificate, degree or diploma above bachelor level: 18% compared to 13% for all occupations

Breakdown by region

Explore job prospects in Ontario by economic region.

Legend

0 out of 5 stars
Undetermined
1 out of 5 stars
Very limited
2 out of 5 stars
Limited
3 out of 5 stars
Moderate
4 out of 5 stars
Good
5 out of 5 stars
Very good
Location Job prospects
Hamilton–Niagara Peninsula Region Moderate
Kingston–Pembroke Region Moderate
Kitchener–Waterloo–Barrie Region Moderate
London Region Moderate
Muskoka–Kawarthas Region Moderate
Northeast Region Moderate
Northwest Region Moderate
Ottawa Region Moderate
Stratford–Bruce Peninsula Region Moderate
Toronto Region Moderate
Windsor-Sarnia Region Moderate

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as an "associate financial advisor" Other financial officers (NOC 11102) or across Canada.

Learn more

Labour Market Information Survey
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