The Top 10 Finance Jobs: Canada’s Best Jobs 2016

Banking and accounting is just the start—today’s financial services jobs span everything from investment management to fintech

 
UPDATED! Click here for 2017’s ranking of Canada’s Best Jobs » Canada’s Best Jobs 2016: The Top Jobs in Canada
Traders on the floor of the NYSE

(Richard Drew/AP)

A career in finance is still the objective of many young graduates. Applications to MBA programs went up 58% in 2015, according to Canada’s Graduate Management Admission Council. Top job prospects range from Financial Manager (No. 9 on our 2016 Best Jobs ranking) to Account Executive and Consultant (92.)

Andre Clumpus got his start in the industry in 2012 with an internship at TD Securities. Now, he’s celebrating his second year with the company as a Senior Financial Analyst. “I’m able to use my communication abilities as well as my financial abilities from my MBA,” he explains. “I’m doing problem solving with Excel, I’m doing expense reporting, I’m writing up presentations and drafting emails and memos over what our expenses are like or what our projects are like, variances and things like that.”

Clumpus says that he appreciates that the job has allowed him to grow his existing skill set, and that he’s looking forward to where his career will take him in the next few years. “It’s steady work, which I like. But I will say that it’s the kind of job where you get out what you put into it,” he says.

According to Richard W. Nesbitt, former chief operating officer of CIBC and current adjunct professor at the Rotman School of Management, the sector has changed quite a bit from when he first got his start. “I think that the alternatives are much greater now,” he says. “Not only is there commercial or investment banking, but there’s also private equity, hedge funds, venture capital, fintech companies.”

According to Nesbitt, “nobody goes into a job any more thinking that it’s their career for life.” He believes that banking and investment banking will continue to dominate the sector, but also predicts an increase in less regulated activities, and fintech, in the next five years. That, and students not necessarily limiting themselves to the national market: “When I graduated in the ’70s, it was really rare to think about anything outside of Canada and even outside of Ontario, quite honestly,” he says. “Today people think nothing of getting on a plane and going to Singapore and working there.”


* Demand Outlook is the estimated demand for employees in that category by 2021:

 = more than 1 job per job seeker
 = about 1 job per job seeker
 = less than 1 job per job seeker

Job RankJob TitleMedian SalaryWage Growth5-year employment growthOutlook*Job listings by Indeed
9Financial & Real Estate Manager$71,469 13%39%Search Financial and Real Estate Manager job listings
23Corporate Sales Manager$79,997 28%-23%Search Corporate Sales Manager job listings
25Purchasing Manager$83,429 15%-9%Search Purchasing Manager job listings
35Banking & Credit Manager$87,464 25%-21%Search Banking & Credit Manager job listings
50Business Administrative Officer$79,997 15%23%Search Business Administrative Officer job listings
51Senior Business Manager$95,992 15%-30%Search Senior Business Manager job listings
52Financial Manager$85,010 18%-11%Search Financial Manager job listings
73Business Services Manager$75,192 21%-27%Search Business Services Manager job listings
85Financial Analyst$71,469 13%39%Search Financial Analyst job listings
92Account Executive Consultant$68,640 9%16%Search Account Executive Consultant job listings

* Demand Outlook is the estimated demand for employees in that category by 2021:
 = more than 1 job per job seeker
 = about 1 job per job seeker
 = less than 1 job per job seeker


jobs by Indeed job search

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