Job prospects Accountant in Nova Scotia
Job opportunities for Financial auditors and accountants (NOC 1111) are good in Nova Scotia over the next 3 years. These job prospects are also applicable to people working as an accountant.
Note that these employment prospects were published in December 2019 based on information available at that time. You can read our new special report to learn about the impact of COVID-19 on some occupations in your province or territory. You can also visit the Canadian Online Job Posting Dashboard to find the latest data on the demand and work requirements for this occupation.
Job opportunities in Nova Scotia
The employment outlook will be good for Financial auditors and accountants (NOC 1111) in Nova Scotia for the 2019--2021 period.
The following factors contributed to this outlook:
- Employment is expected to remain relatively stable.
- 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 Halifax area provides more opportunities within this occupational category, with its strong government presence and a high number of national, regional, and local firms. Areas outside the city may have fewer opportunities, especially with larger firms, but that is likely balanced by a lower supply of experienced workers. Having a recognized credential, such as a CPA, is important to employers, as well as having strong interpersonal skills and prior work experience, particularly with large, international corporations. Non-designated accountants may have greater difficulty advancing their career into management roles. While hiring can be sporadic throughout the year and depend on budgets and major projects, opportunities do occur regularly and have been expanding. Public accounting is an area that seems to have trouble finding talent, particularly those skilled in assurance. Recent graduates may have some difficulty finding work, and would benefit from building a network of contacts and being willing to move to areas of the province where opportunities may exist.
Here are some key facts about Financial auditors and accountants in the Nova Scotia region:
- Approximately 4,700 people work in this occupation.
- Financial auditors and accountants mainly work in the following sectors:
- Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 24%
- Nursing and residential care facilities (NAICS 623): 22%
- Ambulatory health care services (NAICS 621): 7%
- Federal government public administration (NAICS 911): 5%
- The distribution of full-time and part-time workers in this occupation is:
- Full-time workers: 88% compared to 80% for all occupations
- Part-time workers: 12% compared to 20% for all occupations
- 73% of financial auditors and accountants work all year, while 27% 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 31 weeks compared to 30 weeks for all occupations.
- 10% of financial auditors and accountants are self-employed compared to an average of 9% for all occupations.
Breakdown by region
Explore job prospects in Nova Scotia by economic region.
|Annapolis Valley Region||Good Good|
|Cape Breton Region||Good Good|
|Halifax Region||Good Good|
|North Shore Region||Good Good|
|Southern Region||Good Good|
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.
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