Our methodology for ranking Canada’s Best Jobs is a combination of quantitative factors. What we’re looking for generally is growth in the number of jobs over time—so that there’s opportunity for new entrants—and growth in the field’s median salaries over time. In other words, to be a top job it’s got to be reasonably possible to get one, and to be paid well to do it.
We use no qualitative measures in this ranking. Which means it does not account for factors such as job satisfaction, education levels, or professional certifications.
Using Statistics Canada data, we identified jobs that passed the following threshold:
- the occupation had experienced employment growth over the past five years;
- it has a minimum median salary of $60,000;
- the field employs at least 5,000 people as measured in the most recent year.
We then scored each job on four weighted criteria:
- employment growth (counts for for 25%);
- 2014 median compensation, based on a 40-hour workweek (40%)
- 5-year change in median compensation from 2008–09 to 2012–13—a measure of wage momentum (10%)
- projected demand for people to fill the job through the year 2022, drawing on data from Employment and Social Development Canada’s Occupational Projection System (25%)
To account for variations in employment levels and salaries, the growth category factors in the percentage change over one, three and five years (three- and five-year rates get 10 percentage points; the one-year change gets five) while wage growth was tracked over three and five years (five-year change in wages gets 10 percentage points while the three-year change gets five). A few broad nonspecific job categories were eliminated.