Job prospects Accountant in New Brunswick

Job opportunities for Financial auditors and accountants (NOC 1111) are good in New Brunswick over the next 3 years. This job outlook is also applicable to people working as an accountant.

Note that the current 2019-2021 employment prospects were published in December 2019 based on information available at that time. We are working to update this information as soon as possible. In the meantime, visit the Canadian Online Job Posting Dashboard to find the latest data on the demand and work requirements for this occupation. You can also read our newly updated sectoral profiles to learn about recent developments for key economic sectors in your region.

Job opportunities in New Brunswick

accountant
Outlook over the next 3 years
Good

The employment outlook will be good for Financial auditors and accountants (NOC 1111) in New Brunswick for the 2019-2021 period.

The following factors contributed to this outlook:

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

Since the creation of the Chartered Professional Accountant (CPA) designation in 2014, enrollment numbers in New Brunswick have declined compared to those under the three designations that the CPA replaced. As fewer graduates enter the labour force in the short-term, this will generate a shortage of professional accountants, going forward. Prospects are greater in the province's larger urban centres (Fredericton, Moncton and Saint John), where greater concentrations of related services already exist.

Here are some key facts about Financial auditors and accountants in the New Brunswick region:

  • Approximately 3,200 people work in this occupation.
  • Financial auditors and accountants mainly work in the following sectors:
    • Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 37%
    • Federal government public administration (NAICS 911): 9%
    • Other retail stores (NAICS 44-45, except 445): 6%
  • The distribution of full-time and part-time workers in this occupation is:
    • Full-time workers: 91% compared to 83% for all occupations
    • Part-time workers: 9% compared to 17% for all occupations
  • 79% of financial auditors and accountants work all year, while 21% work only part of the year, compared to 60% and 40% respectively among all occupations. Those who worked only part of the year did so for an average of 30 weeks compared to 29 weeks for all occupations.
  • 15% of financial auditors and accountants are self-employed compared to an average of 8% for all occupations.
  • Breakdown by region

    Explore job prospects in New Brunswick by economic region.

    Legend: The job opportunities can be: Undetermined Limited Fair Good

    Source Labour Market Information | Outlook Methodology

    You can also look at this data on a map. Go to LMI Explore

    Job prospects elsewhere in Canada

    We expect that the labour supply and demand for Financial auditors and accountants (NOC 1111) will be balanced in Canada over the next 10 years.

    Learn more

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