Job prospects Accounting Department Manager in Ontario

Explore current and future job prospects for people working as an "accounting department manager" 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 managers (NOC 10010) 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.
  • Several positions will become available due to retirements.

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?

  • As these professionals are employed in a range of roles across many sectors, job prospects should be relatively stable over the forecast period
  • Operational shifts in financial services may constrain potential job growth in this sector

What Skills Do I Need to Succeed?

  • Accounting and auditing managers may require a recognized professional designation
  • Candidates with several years of experience in financial analysis will be at an advantage

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 29,500 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

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 Good
Kingston–Pembroke Region Moderate
Kitchener–Waterloo–Barrie Region Good
London Region Good
Muskoka–Kawarthas Region Moderate
Northeast Region Good
Northwest Region Moderate
Ottawa Region Good
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 "accounting department manager" Financial managers (NOC 10010) or across Canada.

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Labour Market Information Survey
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