Financial Administrator (Financial Clerk)

The employment outlook will be Limited for financial managers (NOC 10010) in Ontario for the 2025-2027 period.

The following factors contributed to this outlook:

• Employment growth will lead to a few new positions.
• A moderate number of positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

What Types of Employers Are Out There?

• Employed across all major sectors of the economy, with the leading share in the finance and insurance services industry, notably in banks
• Other key employers are accounting, tax preparation and bookkeeping firms, and the manufacturing sector

What are the Main Trends Affecting Employment?

• These professionals are employed in a range of roles across many sectors, and job prospects would usually be relatively stable
• However, general operational shifts in financial services and recent job cuts to corporate roles in other sectors may constrain potential job growth in this occupation.

What Skills Do I Need to Succeed?

• Accounting and auditing managers may require a recognized accounting designation

What Other Information Will I Find Helpful?

• The Toronto economic region accounts for an above-average share of financial managers in Ontario (62%). 

Here are some key facts about financial managers in Ontario:

• Approximately 36,600 people work in this occupation.
• Financial managers mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 24%
  • Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 7%
  • Wholesale trade (NAICS 41): 5%
• 86% of financial managers work all year, while 14% 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.
• The gender distribution of people in this occupation is:
  • Men: 43% compared to 52% for all occupations
  • Women: 56% 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: 10% 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: 17% compared to 22% for all occupations
  • bachelor's degree: 45% compared to 24% for all occupations
  • university certificate, degree or diploma above bachelor level: 26% compared to 13% for all occupations