Financial Planner

The employment outlook will be Good for financial advisors (NOC 11102) in Nova Scotia for the 2025-2027 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.

Opportunities may exist at larger financial institutions in the Halifax region. There may be more opportunities for entry-level positions and those with related education and some experience.

Here are some key facts about financial advisors in Nova Scotia:

• Approximately 2,850 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): 83%
  • 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: 94% compared to 82% for all occupations
  • Part-time workers: 6% compared to 18% for all occupations
• 82% of financial advisors work all year, while 18% work only part of the year, compared to 62% and 38% respectively among all occupations. Those who worked only part of the year did so for an average of 48 weeks compared to 42 weeks for all occupations.
• 28% of financial advisors are self-employed compared to an average of 11% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 60% compared to 51% for all occupations
  • Women: 40% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 10% for all occupations
  • high school diploma or equivalent: 13% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: less than 5% compared to 12% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 19% compared to 22% for all occupations
  • bachelor's degree: 47% compared to 20% for all occupations
  • university certificate, degree or diploma above bachelor level: 17% compared to 10% for all occupations