Job prospects Banking Advisor in the Camrose–Drumheller Region
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Explore current and future job prospects for people working as "Other financial officers" in the Camrose–Drumheller Region or across Canada.

Current and future job prospects

These outlooks were updated on November 29, 2023.

Recent trends from the past 3 years

Major labour shortage

Over the past few years (2021-2023), there was a major labour shortage for Other financial officers in the Camrose–Drumheller Region. There were far more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Methodology

Job outlook over the next 3 years

Moderate

The employment outlook will be moderate for Financial advisors (NOC 11102) in the Camrose - Drumheller region for the 2023-2025 period.

The following factors contributed to this outlook:

Employment decline will lead to the loss of some 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.

The Conference Board of Canada is forecasting Alberta’s real GDP will expand by 2.6% in 2023 before slowing to 1.9% in 2024. Similarly, they are projecting the labour market to cool in late 2023 and into 2024. Higher for longer inflation may also have some firms rethinking expansion resulting in muted employment growth for this occupation.

An aging workforce transitioning to retirement will create vacancies for job seekers.

Here are some key facts about Financial advisors in the Camrose - Drumheller region:

Approximately 290 people worked in this occupation in May 2021.
Financial advisors mainly work in the following sectors:
- Finance, insurance and Real estate and rental and leasing (NAICS 52-53): more than 95%

Source Labour Market Information | Prospects Methodology